Breaking market news that moves the markets around the globe.
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Robinhood is delisting Cardano, Polygon, and Solana on June 27th
Meta begins third round of layoffs, cutting 10,000 jobs to save costs
Tesla sells Chinese-made Model 3 in Canada to cut expenses & boost profits
Florida Governor Ron DeSantis announces presidential campaign
5-24-2023
US President Biden reiterated that default is off the table
China blocks certain firms from buying Micron memory chips over national-security concerns
Meta Platforms fined $1.3bn by EU regulators for sending user info to the US, plans to appeal the ruling
Tesla (TSLA) cutting US prices for the sixth time this year
Alibaba (BABA) unveils AI model Tongyi Qianwen, set to integrate into all their apps
South Korean antitrust regulator fines Google (GOOGL) $31.88M for blocking mobile video games on a competitor’s platform
German Competition Authority: Apple (AAPL) together with its subsidiaries is subject to extended abuse control
Italy probes Meta (META) over abuse position in music rights case – Reports
Tesla (TSLA) reportedly recalling 2.6K imported Model S vehicles in China
Binance Says Spot Trading Is Currently Temporarily Suspended
UBS And Credit Suisse Said To Be Among Banks Facing US Russia-Sanctions Probe
Apple (AAPL) considers bidding for English Football streaming rights – BBG
SEC gave Coinbase (COIN) a “Wells notice” regarding an unspecified portion of Coinbase listed digital assets, the staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation
Apple seeks an Indian labour reform in a push to diversify beyond China
Wednesday’s earnings reports: ALLE KALU MNST TOL FAT BRY BIDU GKOS SM IMAX
Apple (AAPL) begins laying off contractors
Tesla (TSLA) is recalling 362,758 vehicles due to a crash risk associated with its self-driving cars
Tesla TSLA sold out Model Y in U.S. for this quarter
Amazon (AMZN) EU set to investigate Amazon’s $1.7 billion purchase of Roomba-Maker
Tesla (TSLA) will halt some production at its Shanghai factory until the end of February
Citadel securities reports 5.5% stake in Silvergate Capital (SI)
Robinhood Markets (HOOD) Wins Dismissal of Investor Lawsuit Over its 2021 IPO
Microsoft (MSFT) integrates ChatGPT in Bing Search and Edge browser
Zoom $ZM will cut 15% of it’s global workforce
Boeing will cut 2,000 jobs in finance and hr
Dell to cut 6,000 jobs
2-3-2023
Silvergate Capital drops after reports say U.S. prosecutors probe company’s dealing with FTX and Alameda
Cigna (CI) Q4 22 Earnings:
Revenue: $45.74B slightly above the expectations of $45.70B
Adjusted EPS: $4.96 topping the expectations of $4.86
Guidance: Sees 2023 Adjusted Operating EPS of $24.60 below the expectations of $24.78
Ford (F) shares are down 7.40% at 13.10 in premarket trading
Alphabet (GOOGL) shares down 4.15% in premarket trading:
2-2-2023
DraftKings (DKNG) to cut 3% of its workforce
Rivian RIVN Automotive to lay off 6% of workforce – RTRS
S&P Cuts Intel Corp. (INTC) Rating To A From A+ with Outlook Negative
Tesla (TSLA) to raise Shanghai output after price cuts stoke demand – RTRS
Wednesday’s earnings reports: $AFL $ALGN $MO $BXP $BSX $DT $HUM $META $PTON
1-31-2023
Amgen (AMGN) Non-GAAP EPS of $4.09 in-line, revenue came at $6.8B topping by $30M –
AMGEN sees 2023 revenue of $26.0B to $27.2B and 2023 Adj EPS of $17.40 to $18.60
White House expresses ‘outrage’ at latest record quarter from Exxon Mobil
PayPal cutting 2,000 Jobs, about 7% of staff
1-27-2023
intel INTC earnings disappoint as EPS and Revenue came below the expectations:
– Adj EPS: $0.10 (est $0.19)
– Rev: $14.04B (est $14.49B)
– Sees Q1 Adj Rev $10.5B To $11.5B (est $13.96B)
– Sees Q1 Adj Loss/Shr 15C (est EPS 25C)
– Sees Q1 Adj Gross Margin 39% (est 45.5%)
– Targets $3B In Cost Reductions For FY23
Bed Bath and Beyond shares plunge 22% after it warns it doesn’t have the cash to pay down debts
Thursday’s earnings reports: ROK ALK AAL LUV BX INTC NOC VLO CMCSA NUE XRX VIRT MA V TER
1-26-2023
Facebook (META) will reinstate Trump after a two-year ban
IBM to cut 3,900 jobs
Bank of Canada hikes policy rate by 25 bps to 4.5% as expected
Wednesday’s earnings reports: ADP ABT T AMP ACNB IBM BA TER NOW RJF FLEX LEVI GD CSX
Germany announces it will send 14 of its Leopard 2 battle tanks to Ukraine
Microsoft (MSFT) investigating Teams and Outlook outages as thousands of users report issues
1-24-2023
Tuesday’s earnings reports: MMM BRO GE TRV RTX MSFT HAL LMT NAVI VZ JNJ TXN PCAR FFIV
Department of Justice to sue Google $GOOGL over digital ad market dominance as soon as today
Rivian $RIVN Chief Lobbyist Jim Chen to Leave EV Startup — WSJ
1-22-2023
Wayfair W to cut 10% of global workforce
Alphabet $GOOGL to cut 12,000 jobs worldwide
Friday’s earnings reports: ALLY AMTB RF CSTR STT KARO SLB
1-19-2023
Trending in Stocktwits now: NFLX ENPH BTC CHPT PSFE META MARA SEDG GEF GOOGL
WhatsApp fined almost $6M by Ireland privacy regulator (META)
Thursday’s earnings reports: SRCE BANK HOMB CMA PG FUL FAST NFLX KARO KEY
Morgan Stanley (MS) CEO Gorman: There is clear evidence that inflation has peaked and is coming down
Fed’s Harker: Fed Needs to get Funds Rate North of 5%
Wednesday’s earnings reports: AA SCHW EGIO TBK JBHT PNC PLD
Crypto exchange Coinbase says it will halt Japan operations
Saudi Arabia says they are open to settling trade in currencies other than the US Dollar
Microsoft MSFT reportedly preparing to cut around 11k jobs
1-16-2023
Yellen Says U.S. Expected to Hit Debt Limit Next Thursday
Friday’s earnings reports: BAC DAL FRC BK BLK WFC JPM C UNH
Tesla (TSLA) Spokesperson: Making Model 3, Y More Accessible To Clients In Europe, Middle East And Africa
Tesla (TSLA) extends price cuts to U.S and Europe – Reuters
Apple’s (AAPL) Tim Cook to have pay cut by over 40% in 2023
1-12-2023
Thursday’s earnings reports: CNBB NTIC TRX SODI OGI RFIL
Tesla’s China factory expansion plans in doubt amid data concerns
1-11-2023
Blackrock BLK to lay off 3% of staff, around 500 employees
Judge rejects Tesla’s challenge to California agency in race bias lawsuit – Reuters
Tuesday’s earnings reports: BBBY SAR SNX NOTV
Coinbase (COIN) will cut 20% of jobs in its second round of layoffs
Palantir (PLTR) Announces Strategic Partnership With Cloudflare (NET) Focused on Cloud Cost Optimization
Amazon has revealed plans to shut three UK warehouses a decision that will affect 1,200 jobs – Sky News
Goldman Sachs doesn’t forecast a Euro-area recession
Morgan Stanley: US stocks could slump another 22% from current levels – BBG
1-6-2023
Citigroup cuts U.S. stocks to ‘underweight’, favours European equities in 2023
European Monetary Union Consumer Confidence came in line with expectations at -22.2 in December
German Retail Sales slumps by 5.9% in November well below the expectations of -2.5%
Tesla cuts Model 3 and Model Y car prices by almost 13% in China again
1-5-2023
Peloton (PTON) to pay $19M in civil penalties related to Tread+ treadmill product
Silvergate Capital (SI) plunges 27% in premarket trading after Judge orders the seizure of money FTX was keeping in SI accounts
Apple (AAPL) supplier Foxconn December revenue drops 12% y/y
United Kingdom S&P Global/CIPS Services PMI came in at 49.9, below the expectations of 50 in December
Tesla (TSLA) December China sales were 55,796 units below the 100,291 units sold in November
Amazon (AMZN) to cut more than 18,000 jobs
1-3-2023
ByteDance (TikTok) Cuts Hundreds Of Jobs At Multiple Departments In China – SCMP
Tesla (TSLA) stock is down 4.14% in premarket trading after weak deliveries numbers
1-2-2023
Monday’s earnings reports: AZRE ALEAF AVYA MULN APGT LTCH MITK
France S&P Global Manufacturing PMI came in at 49.2 topping the expectations of 48.9 in December

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