September 26, 2023
London, UK

Breaking Market News

Breaking Market News World market news

Breaking market news that moves the markets around the globe.

Headlines

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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