Archive | Market Briefing

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

Aug 8, 2023

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10 min read

Stocks rebound

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

Aug 7, 2023

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12 min read

Optimism returns to boardrooms

Wall Street forecasts project profit recession ends next quarter, Berkshire Hathaway’s cash pile approaches $150 billion, Texas power prices surge 800% in searing heat, month four with no end in sight for Hollywood strike, and ‘Barbie’ reaches $1 billion at the box office...

Market Briefing

Aug 4, 2023

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10 min read

Amazon's blowout profit

Yellen calls Fitch downgrade 'entirely unwarranted', $25 trillion Treasury market under pressure, Salesforce cuts more jobs, Woldcoin to allow companies and governments use of ID system, and Amazon unveils grocery delivery to non-prime members...

Market Briefing

Aug 3, 2023

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11 min read

Treasury market under pressure...

Market Briefing

Aug 2, 2023

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14 min read

US loses top rating

Fitch strips US of top-tier sovereign credit grade, job openings fall to lowest level since 2021, Tesla plans to build semi truck charging route from TX to CA, Amazon rolls out virtual health clinics, and Tupperware and Yellow join ‘meme stock’ club...

Market Briefing

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