Archive | Market Briefing

Bezos bets on Google challenger

Today’s jobs report will be a big signal for a market looking for good news, US awards chip supplier $162 Million to bolster critical industries, Jeff Bezos bets on Google challenger Perplexity to upsend search, Peleton partners with TikTok offering short-form fitness, and Google just disabled cookies for 30 Million Chrome users...Fed sees rates staying high for some time- minutes show, TikTok eyes $17.5B shopping business on Amazon’s turf, Xerox cuts 15% of workforce, bankruptcies surged 18% in 2023, and Starbucks now accepts personal cups in drive-thru, mobile orders...

Market Briefing

Jan 4, 2024

•

15 min read

Rates staying high (for now)

Fed sees rates staying high for some time- minutes show, TikTok eyes $17.5B shopping business on Amazon’s turf, Xerox cuts 15% of workforce, bankruptcies surged 18% in 2023, and Starbucks now accepts personal cups in drive-thru, mobile orders...

Market Briefing

Jan 3, 2024

•

11 min read

Apple downgrade

Investors see 2024 as transition year to new economic order, Barclays downgrades Apple, Harvard’s president Claudine Gay resigns - resignation letter, JP Morgan shares hit record high, and Congress heads into funding fight as US debt tops $34 trillion...

Market Briefing

Jan 2, 2024

•

10 min read

Bounceback year

Tech stocks wrapped one of their best years in two decades, Bitcoin starts the New Year rising past $45,000, Chief Justice Roberts says AI will transform the Courts, SpaceX sets new rocket record with 96 launches in 2023, and nearly half of all states will raise the minimum wage in 2024...

Market Briefing

Dec 29, 2023

•

10 min read

Wall St to end 2023 on high note

S&P 500 ekes out gains flirting with bull market confirmation, Google settles $5B lawsuit alleging Chrome's 'Incognito' mode tracks users, and Maine bars Trump from Presidential ballot...

Market Briefing

Dec 28, 2023

•

12 min read

S&P near all-time high

S&P 500 inches closer to all-time high, Apple resumes watch sales after appeals court lifts ban, the late-night email sent to Tim Cook that started Apple watch saga, Maersk reroutes dozens of vessels via Suez Canal, and SPAC mania’s ugly end yields $46B in investor losses...

Market Briefing

Dec 27, 2023

•

12 min read

Apple appeal

Apple files appeal after Biden admin allows U.S. ban on watch imports, US-led Red Sea task force in trouble as countries hesitate to join, home prices extend records- rising ninth straight month, Tesla to roll out revamped Model Y, and Israel grants Intel $3.2B for new $25B chip plant...

Market Briefing

Dec 26, 2023

•

11 min read

Awaiting Santa's rally

Wall Street awaits 'Santa Rally’ with stocks near records, OpenAi in talks to raise new funding at $100B valuation, Fed’s inflation gauge shows November prices rose less than expected, home prices to heat up after Fed rate cuts, and if inflation is cooling consumers aren’t noticing...

Market Briefing

Dec 22, 2023

•

12 min read

Market rebounds

Wall Street rebounds after big loss, Apple pulls watches from online sales, Anthropic in talks to raise raise $750M at $18B+ valuation, Musk blasts markets saying indexing has ‘gone too far’, and Blavatnik joins Harvard donor revolt...

Market Briefing

Dec 21, 2023

•

13 min read

Fingers point to puts

Fingers point to world's hottest derivatives trade for killing the rally, Citi’s overhaul continues with closure of distressed-debt business, Apple loses attempt to halt watch sales ban, Toyota recalls 1.12 million vehicles over air bag issue, and consumer confidence jumps to a five-month high...

Market Briefing

Dec 20, 2023

•

13 min read

Rally mode continues

Wall Street’s optimism isn’t stopping, shippers have diverted $35 billion in cargo amid fears of attacks, Colorado Supreme Court disqualifies Trump from ballot, Citi suit raises #metoo claims at the top levels, and IRS to waive $1 billion in penalities for people owing back taxes...

Market Briefing

Dec 19, 2023

•

14 min read

Apple's $17B rescue

Apple plans rescue for $17 billion watch business facing ban, Adobe and Figma call off $20 billion acquisition, Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction, antitrust regulators issue new merger rules amid crackdown, and Nikola founder sentenced to four years in prison for fraud...

Market Briefing

1...51 52 53 54 55...65