Archive | Market Briefing

Nvidia's blowout

Nvidia tops estimates - sales projected to jump 170% this quarter, all eyes on Powell’s Jackson Hole speech tomorrow, Wagner mercenary Prigozhin killed in plane crash, Esmak scraps bid for U.S. Stell, and India becomes fourth country to land on moon - first on south pole...

Market Briefing

Aug 23, 2023

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10 min read

Teamsters for the win

Teamsters ratify historic UPS contract, Arm reveals plans for blockbuster IPO, American Airlines pilots approve sweetened labor deal, Maui victims fear land grab will threaten culture, and New York Airbnb enforcement has hosts and guests scrambling...

Market Briefing

Aug 22, 2023

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11 min read

S&P joins Moody's

S&P joins Moody’s in cutting US banks, Fed's long-term GDP outlook is dismal, why Xi Jinping is letting China’s economy fail, Covid vaccine stocks jump as new variants emerge, and Pentagon space arm awards $1.5B contract to Lockheed, Northrop...

Market Briefing

Aug 21, 2023

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12 min read

SoCal double trouble

SoCal hammered by earthquake as tropical storm descends, Biden assures Maui residents they will control rebuilding, Zelenskyy vows retaliation for Chernihiv attack, Nissan recalls 236K Sentras, and looming auto workers strike could cost the US over $5 billion in 10 days...

Market Briefing

Aug 18, 2023

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13 min read

Bitcoin dives

Bitcoin takes a 9% dive, Walmart sales are surging, the inflation reduction act spurs $500 billion in investments, China’s dangers erupt with shadow bank crisis, and Goldmann plans a hiring spree...

Market Briefing

Aug 17, 2023

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10 min read

Ruble to rubble

Fed makes course correction on US recession predictions, Ruble turns to rubble, Target sales punished by backlash, Goldman blames zero-day options for selloff, and high-potency pot draws regulator scrutiny...

Market Briefing

Aug 16, 2023

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11 min read

Fitch warns banks

US retail sales top forecasts, Fitch warns it may be forced to downgrade dozens of banks, Hollywood studios offer writers a new deal, China surprises with rate cuts, Apple to start paying out millions in ‘BatteryGate’ lawsuit, and Tesla launches $10K cheaper Model X & S...

Market Briefing

Aug 15, 2023

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11 min read

'The Big Short' redux?

‘The Big Short’ Michael Burry makes big bet against the market, USB to pay $1.4 billion over fraud in mortgage-backed securities, Russia calls emergency key rate meeting as Ruble plummets, near-term inflation outlook lowest since 2021, and DeSantis urges Iger to accept end of ‘special privileges’...

Market Briefing

Aug 14, 2023

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12 min read

Goldman vs. Solomon

The David Solomon scrutiny spreads, lesser-known treasury yield on brink of historic breakthrough, US takes $1.2B gamble on carbon-sucking vacuums, China’s economic growth is collapsing in real-time, and McDonald’s scrubs “ESG” mentions off its website...

Market Briefing

Aug 11, 2023

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12 min read

Luxury mega-merger

US CPI posts smallest back-to-back increases in 2 years, China slams Biden’s order limiting overseas tech investment, Tapestry and Capri announce luxury mega-merger, TV giants clash over NBA/NHL/MLB games as rights up for grabs, and Disney+ loses millions of subscribers as content purge continues...

Market Briefing

Aug 10, 2023

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12 min read

Disney+ hikes price

No surprises expected in today’s July CPI report, Disney raises streaming prices... again, China learns the D-word, interest in Biden’s CHIP’s Act funding surpasses 460 companies, and Biden admin announces $20M in prizes for hackers to compete...

Market Briefing

Aug 9, 2023

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14 min read

WeWork: Rise & Fall

WeWork tumbles, ESPN getting into sports betting with Penn, Wall Street WhatsApp, texting fines exceed $2.5B, shares drop as Moody’s cuts ratings of US banks, and UPS job searches surge after $170K driver pay union deal... Stocks rebound from a losing week, North Korean hackers breached top Russian missile maker, Campbell acquires Rao’s sauces for $2.7B, Yellow files for bankruptcy shedding 30K jobs, and Paypal unveils dollar-baked stablecoin on Ethereum...

Market Briefing

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