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Banks kicked off earnings season last week. JPMorgan Chase (JPM.us), Citigroup (C.us) and Wells Fargo (WFC.us) beat earnings estimates. They posted better than anticipated net interest income, with lending outpacing payments to depositors. Also contributing to earnings was better business from capital markets.
News around a sale of the popular British football club and publicly traded company continue to swirl, while its former icon David Beckham talked in favor of an ownership change
UK regulators have approved Microsoft’s $69bn acquisition of Activision Blizzard, which removes the last hurdle for the deal. However, the Competition and Markets Authority said the deal won’t include cloud gaming rights and said in a statement today that, “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers.”
The electric vehicle leader releases its earnings for the third quarter of the year on Wednesday October 18, having already reported a significant drop in deliveries and production for the same period
The US airliner reported solid Q3 2023 results, with a surge in profitability due to the strong summer demand, but lowered its full year guidance due to rising fuel expenses
TD Cowen has maintained an Outperform rating for Nvidia. The analyst team has increased its price target from $600 to $700 per share. This represents close to a 50% premium from current price levels and suggests a strong growth story behind artificial intelligence and its development.
Rivian (RIVN.us) shares remain under pressure with its price candlesticks below its black 30-week EMA and the EMA turned down. Its weekly RSI is also below 50 (green rectangle), suggesting a negative underlying momentum.
JPMorgan Chase & Co. (JPM.us) is set to lead the charge as the third quarter earnings season for the banking sector commences on October 13th, right before the market's opening bell. Joining the ranks on the same day are Citigroup Inc. (C.us) and Wells Fargo & Co. (WFC.us), who will also unveil their financial results.
On Thursday Tesla (TSLA.us) cut its prices on its Model 3 and Model Y vehicles in the US.
Netflix is planning to raise prices when the current actors strike ends. The Wall Street Journal reported on Tuesday that the company will raise the price of its ad-free streaming tier at the conclusion of the strike. The amount of the increase is as yet undecided but is likely to be similar to competitor pricing. This comes off the back of Netflix focusing on initiatives such as the ad free…
German footwear brand Birkenstock gears up for its debut on the New York Stock Exchange, in another high-profile IPO, not long after it was featured in the blockbuster Barbie movie
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