SPX500 Supported by Debt Ceiling & Banking Optimism
The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
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The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
The CEO of EV King Tesla covered a wide range of issues during Tuesday’s annual shareholder meeting, teasing two new vehicles, offering more insights on to the upcoming Cybertruck and more
On Monday, European regulators granted approval to Microsoft's proposed acquisition of Activision Blizzard, a deal worth $69 billion. While this decision does not guarantee the acquisition's completion, it may assist Microsoft in addressing objections raised by the United States and the United Kingdom.
Watch today’s US Open for commentary the rate hike by the Bank of England and its non-committal stance around future moves, the latest quarterly results by entertainment giant Disney and more
As growth companies are inclined to retain and reinvest their earnings back into the company, their expected dividend stream is pushed back into the future. This means that growth companies are more sensitive to interest rate movement than value companies due to these inherent time value of money characteristics i.e., a dollar today is worth more than a dollar in the future. The opportunity cost increases as interest rates rise…
The entertainment giant announced overall solid results for Q2 FY2023 (period ending April 1) and even though its streaming user base contracted, it kept the top spot and the financials of the business improved
The two electric Vehicle (EV) startups continue to face a challenging environment, but Rivian’s quarterly results offered some reason for optimism, while Lucid ‘s were less encouraging
Watch today’s US Open for commentary on EUR/USD and NAS100 after Friday’s strong US jobs report and ahead of the US CPI inflation report, Apple’s outlook after its recent quarterly results and more
NAS100 rose on Friday as markets viewed the solid employment report as a sign against recession, also helped by tech earnings and easing banking fears, but is cautious today as upcoming inflation figures loom
Despite reassurances from financial regulators and bankers such as Jamie Dimon that the banking system remains strong, uncertainty continues to impact the banking industry. Shares of PacWest Bank, a smaller regional lender, dropped by almost 50% after confirming reports that it was considering "strategic options," including the possibility of selling the company.
Overall Revenue dropped for the quarter ended April 1, but iPhone sales increased against the industry’s shipments squeeze, supporting Apple’s top line
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