Breaking market news that moves the markets around the globe. Just the bottom line.
Headlines
Tesla TSLA has introduced the “Actually Smart Summon” feature in China
Microsoft MSFT shareholders voted against the proposal to put BTC Bitcoin on their balance sheet
Deutsche Bank also favors Broadcom AVGO and Marvell Technology MRVL
Deutsche Bank from the semiconductor sector, favors NXP Semiconductors NXPI and On Semiconductor ON
Apple AAPL plans $1 billion investment in Indonesia for smartphone components
Turkey’s competition agency ends Meta Platforms probe over Threads & Instagram data-sharing
The US Federal Government gave Palantir Technologies PLTR the higher rating, the “FedRAMP High” milestone for secure cloud computing services
Apple AAPL partners with Baidu BIDU to enhance AI on iPhones in China
France government collapses after losing no-confidence vote in parliament
United Healthcare UNH CEO Brian Thompson shot and killed outside of Hilton hotel in NYC
Rio Tinto RIO expects 50% copper output boost in 2025. The company forecasts consolidated copper output in 2025 to range between 780,000 and 850,000 tonnes, compared to 660,000-720,000 tonnes in 2024
Google GOOGL Cloud has teamed up with Air France-KLM to leverage generative AI for data-driven insights
Salesforce $CRM Q3 2024 Earnings: Adj EPS $2.41, below the expectations of $2.44 -Revenue $9.44b, above the expectations of $9.35b
Australia bans social media platforms for under-16s following concerns on mental health impacts. META & Snap to be fined if minors have access
Canada sues Google (GOOGL) for anti-competitive online advertising practices
Disney DIS CEO Bob Iger sells 375,000 Disney shares
Archer Aviation Inc ACHR director Deborah Diaz purchased 5,150 shares of the company at a price of $7.48
OpenAI and Microsoft MSFT enable $1.5B share sale to SoftBank
According to Amgen AMGN treatment with an anti-obesity candidate called MariTide helped patients reduce their weight by up to 20% after 52 weeks
Apple’s AAPL foreign smartphone sales in China plunge by 44.25% Year over Year.
Jack in the Box operations chief steps down
GameStop Corp. GME announced that it will report third quarter fiscal 2024 results after the market closes on Tuesday, December 10, 2024.
Nordstrom Earnings: EPS of $0.33 above the expectations of $0.22. Revenue of $3.46B topping the estimates of $3.34B
Guess reported EPS of $0.34 below the expectations of $0.37. Revenue at $738.51M also below the estimates of $730.00M
Urban Outfitters EPS of $1.10 topping the forecasts of $0.85. Revenue of $1.36B also above the expectations of $1.06B
CrowdStrike Holdings $CRWD EPS. $0.93 above the expectations of $0.81. Revenue came at $1.01B also above the expectations of $982.81M
Dell Tech Q3 25: EPS of $2.15 topping the estimates of $2.05. Net Revenue reported at $24.37B below the expectations of $24.59B
Biden says Israel reached a cease-fire deal with the Hezbollah
Rivian RIVN secured a commitment for a conditional loan of up to $6.6 billion from the U.S. Department of Energy
11-22-2024
NVIDIA NVDA : Revenue Guidance $37.5BN, above estimates of $37BN
NVIDIA $NVDA Q3 2024: REVENUE of $35.1B, topping the estimates of $33.25B
NVIDIA Q3 2024 EARNINGS NVDA: ADJ EPS $0.81, above the estimates of $0.74
DOJ antitrust officials have decided to ask a judge to force Alphabet’s Google GOOGL to sell off its Chrome browser
Pfizer’s PFE $75M recovery bid from SEC settlement denied by federal judge
Robinhood HOOD to acquire TradePMR in $300M deal, targeting next-gen investors
UBS Global Research Upgrades UK equities to overweight
Super Micro Computer SMCI hired BDO USA as auditor & aims to regain compliance with filings
MicroStrategy MSTR plans $1.75B convertible bonds sale for Bitcoin (BTC) purchases
Goldman Sachs downgrades European Banking sector to Neutral from Overweight
Ukraine uses ATACMS long rage missiles for first time to strike on Russia’s Bryansk
Goldman Sachs cuts FTSE 100 forecast for next 12 months from 8800 to 8500
Goldman Sachs upgrades European Financial Services sector to overweight from Neutral
Goldman Sachs cuts Stoxx 600 forecast for next 12 Months from 540 to 530
Vladimir Putin approved an updated doctrine on the use of nuclear weapons
11/18/204
Tesla TSLA +7.35% higher on speculation that the new administration will ease US rules for self-driving cars
Goldman Sachs downgrade Hong Kong stocks to underweight as they don’t offer much economic or earnings growth
Fitch downgrades Spirit Airlines’ SAVE credit rating to ‘CC’ from ‘CCC’, facing default risk
Transfering Palantir stocks from NYSE to Nasdaq boosted stock price, while more inflows expected if PLTR included in Nasdaq-100
Key earnings reports this week: Nvidia NVDA, Walmart WMT, Target TGT, BJ’s BJ, Deere & Company DE
Nvidia’s NVDA Q3 earnings due on Nov 20
Monday’s earnings reports: SAVE ADN BTBT BTDR TCOM
President Biden allow Ukraine to use U.S.-supplied long-range missiles, for strikes inside Russia
Ford Motor Co F to pay $165M civil penalty for delayed recalls
US Regulators Plan To Investigate Microsoft’s MSFT Cloud Business
Tesla TSLA hits $1 Trillion Market Cap
AMC Entertainment AMC reported revenue of $1.35 billion, down 4.1% over the same period last year but above expectations. EPS came in at -$0.04, compared to -$0.09 in the year-ago quarter, also above forecast
11-6-2024
Arm’s ARM expects revenue of $920 million to $970 million in the 3Q
Qualcomm QCOM is upping its buyback program by $15 billion
Lyft reported a 31.5% increase in revenue to $1.52B in Q3 topping the expectations
US House Speaker Johnson: Donald Trump is now our President-Elect
Fox News Decision Desk projects that Donald Trump will become the next President of the United States.
Today’s gainers: ALAB +37.70% PLTR +23.52% PAYO +20.89% RDDT +12.27%
Palantir Technologies Inc PLTR soars 20.83% at $50.10 after strong quarterly performance
Palantir PLTR total Q3 government sales rose 33% to $408 million while total commercial sales rose 27% to $317 million
Palantir Technologies Inc. PLTR 3Q revenue increased 30% to $725.5 million, topping the expectations of $703 million
Foxconn, Apple’s AAPL iPhone assembler, reported 8.59% YoY increase in revenue for October at $25.20 billion
Amazon AMZN expects revenue for the 4Q to grow between 7% and 11% from a year ago, between $181.5 billion and $188.5 billion. consensus is at $186.2 billion
ALPHABET’S Q3 RESULTS: EPS: $2.12 toping the expectations of $1.85. Revenue at $88.27 billion above the expectations of $86.30 billion
Palantir Technologies PLTR rose more than 1.60% to hit its highest intraday level since 2021
Biden orders U.S. military to shoot down missiles from Iran
Iran has launched more than 100 ballistic missiles toward Israel
Delta DAL hires attorney to sue CrowdStrike CRWD & Microsoft MSFT for outage
CrowdStrike CRWD CEO says 97% of Windows sensors back online after major outage
Industries around the world were experiencing IT outages, believed to be caused by a CrowdStrike CRWD cybersecurity platform issue
Cyber Outages cause serious problems in the operation of all major industries. Microsoft MSFT and Crowdstrike CRWD are working on the issue
NETFLIX NFLX Q2 2024 Revenue was $9.56 B, Topping the estimates of $9.53 B. Earnings per share (EPS) came in at $4.88, above the estimates of $4.74
Tesla TSLA car registrations in California dropped by 24% in Q2 2024
Microsoft MSFT is quitting the board of OpenAI amid growing anti-trust scrutiny
Shanghai state-owned firms purchase Tesla TSLA Model Y as service cars, an equal treatment for Chinese & foreign firms in government procurement
Australia’s court rules PayPal PYPL had unfair terms with small businesses
Volkswagen to invest up to $1B in Rivian RIVN planning joint venture with potential $5B investment by 2026
Warren Buffett’s Berkshire Hathaway boosts stake in Occidental Petroleum OXY to 29%
Broadcom AVGO reports earnings tonight after the US market close
Take-Two TTWO files to sell 2.83M shares of common stock for holders
GameStop GME completed the at-the-market equity offering, raising over $2.1 billion
Boeing BA will open a new engineering facility in Florida
Elon Musk To Ban Apple AAPL Devices If They Integrate OpenAI At Operating System Level
Gamestop GME trades 35.62% higher in premarket trading ahead of the “Roaring Kitty” ( @theroaringkitty ) live stream in YouTube
China’s PBOC stops gold buying for reserves after 18 months of buying
Intel INTC reveals Lunar Lake AI chip with 3x compute power & 48 TOPS NPU
Wells Fargo investment-strategy analyst Jeremy Folsom expects the S&P 500 to hit a fresh record high of 5,700 points by the end of next year, in part because of the big gains seen around the last three U.S. presidential elections in 2012, 2016 and 2020.
Gamestop GME stocks soar by over 70% in premarket trading, after influencer Keith Gill, known as “Roaring Kitty,” showed a $116 million bet on the company
6-2-2024
Tesla recalls 125,227 vehicles in the US for a seat belt warning system issue
Palantir secures $480M U.S. Army contract for Maven Smart System
Apple’s AAPL China iPhone Shipments Jump 52% in April
5-26-2024
Micron Technology MU ordered to pay $445M to Netlist for patent violation
Tesla cuts Model Y output by over 20% in China
Nvidia NVDA reported Earnings Per Share of $6.12 adjusted topping the expectations of $5.59
NVIDIA NVDA Announces ten-for-one forward stock split
Nvidia NVDA Revenue came at $26.08,above the expectations of $24.69B
NIO Inc. to Report Unaudited First Quarter 2024 Financial Results on Thursday, June 6, 2024
Presidential candidate Robert F. Kennedy Jr. has bought $24,000 worth of GameStop GME
Amazon’s cloud unit pauses orders of Nvidia’s NVDA most powerful chip
Apple AAPL cuts iPhone prices in China at the competition from Huawei intensifies
5-19-2024
Earnings to watch next week: LOW AZO TOL M NVDA TJX SNOW INTU ADSK DLTR
Earnings reports tomorrow: PANW ASTR DRCT SPWR WIX ZM KEYS
Citron Research’s Andrew Left said he is short GameStop GME
GameStop GME down 15.47% in premarket trading
Palo Alto Networks PANW trades 1.18% higher in premarket on news that acquires IBM’s QRadar cloud assets to expand its customer base
Cisco CSCO forecast fourth-quarter revenue between $13.4 billion and $13.6 billion, above the analysts’ estimates of $13.23 billion
Apple AAPL Announces New Accessibility Features; Including Eye Tracking, Music Haptics, And Vocal Shortcuts
Netflix NFLX signed a three year deal for live NFL Christmas games
Google GOOGL unveils Gemini 1.5 Pro & Gemini 1.5 Flash with enhanced AI capabilities & translations in 35 languages
AMC Entertainment AMC completes at-the-market equity offering raising $250M in new equity
Alibaba’s BABA is down 4.40% after Q4 revenue exceeded expectations, but net profit dropped by 85% to 3.3 billion yuan. Revenue stood at 221.9 billion yuan, above the estimates of 219.79B Yuan
AMC is 62% higher and GameStop $GME is 56% in premarket trading after Roaring Kitty, @TheRoaringKitty Aka As Keith Gill tweets..
Iraq raised gold holdings by 3.079 tonnes to 145.661 tonnes in February 2024
Apple AAPL supplier Foxconn reported a 72% rise in first-quarter profit, EPS came at 1.59 below the expectations of $2.11
Uber UBER to acquire Foodpanda’s Taiwan business for about $950 million
Poland raised gold holdings by 4.666 tonnes to 363.371 tonnes in April 2024
Singapore raised gold holdings by 4.448 tonnes to 236.610 tonnes in March 2024
Baird initiates coverage on Centuri Holdings at Outperform rating and a price target of $30
GameStop Corp. GME trades 17% higher in premarket trading after a tweet from Roaring Kitty
Microsoft MSFT will invest $4.3 billion in France
5-12-2024
Earnings to watch this week: Alibaba BABA Home Depot HD Cisco CSCO Walmart WMT Baidu BIDU
Tesla TSLA stock down 1% in premarket trading on reports that U.S. prosecutors were investigating Tesla to see if statements by the company about driver assistance technology qualify as fraud
Tesla TSLA down 2.98% on reports that the company might shut production in German plant for 4 days
Nikola NKLA reported EPS of -$0.09 in-line, revenue came at $7.5B topping the expectations of $7.48B
Duke Energy DUK Q1 24 Earnings:
Adj EPS of $1.44 beating the expectations of $1.38 Revenue came at $7.67B also above the estimates of $7.33B
Tesla TSLA sold 62,167 China-made electric vehicles in April, down 18% from a year earlier
Amazon’s AWS AMZN to invest nearly $9 billion in Singapore to grow cloud infrastructure
Nio make a deal with rival BYD to source batteries for ONVO,
Berkshire Hathaway BRK reduced Apple AAPL stake by 13% to 790M shares
Earnings to watch this week:
MON: BNTC PLTR MCHP
TUE: DIS DDOG BP RIVN LYFT
WED: UBER SHOP ABNB
THU: RBLX
9 out of 9 investment analysts raised Paypal PYPL stock price target on Wednesday
16 out of 20 analysts raised Amazon AMZN stock price target on Wednesday
Apple AAPL increases buyback program by $110B
Qualcomm Inc. QCOM trades 5.35% higher in premarkets after the company reported EPS of $2.44 beating the expectations of $2.32.
Qualcomm Inc. QCOM Revenue came at $9.39 billion topping the forecasts of $9.34 billion
Peloton Interactive PTON said that Barry McCarthy is stepping down as CEO
Carvana CVNA earned $49 million, or 23 cents a share, in the 1Q, swinging from a loss of $286 million, or $1.51 a share, in the year-ago quarter
Carvana CVNA sold 91,878 vehicles retail, or 16% more year on year
Starbucks SBUX reported net income of $772.4 million, or $0.68, and net sales of $8.56 billion, both below the expectations of $0.80 in per-share earnings and $9.13 billion in sales for 1Q 2024
Ecolab ECL raised the outlook for full year 2024 adjusted EPS to the range of $6.40 to $6.70
For the second quarter of 2024, AMD expects revenue to be approximately $5.7 billion, plus or minus $300 million. At the mid-point of the revenue range, this represents year-over-year growth of approximately 6% and sequential growth of approximately 4%. Non-GAAP gross margin is expected to be approximately 53%
AMD Client segment revenue was $1.4 billion, up 85% year-over-year driven primarily by AMD Ryzen™ 8000 Series processor sales.
Walmart WMT Will Close All 51 Health Clinics It Had Added to U.S. Stores
MCD : EPS at $2.66 – ADJ EPS $2.70 vs. $2.63 y/y, below the estimates of $2.72. Revenue at $6.17B, +4.6% y/y, topping the expectations of $6.15B
Eli Lilly LLY raised 2024 full-year revenue guidance by $2.0 billion; reported EPS guidance raised $1.25 to be in the range of $13.05 to $13.55
Lilly LLY Adj EPS $2.58 vs. $1.62 y/y • Revenue at $8.77B, below the expectations of $8.93B
Apple’s AAPL Operating System For iPads Designated As Gatekeeper Under EU Digital Markets Act
Tesla TSLA jumps 7.30% in premarket trading after CEO Elon Musk got approval to introduce driver-assist in China
Deutsche Bank DBK trades 5.86% lower on news that a l lawsuit from its purchase of Postbank could cost up to $1.39 billion
4-28-2024
Alphabet GOOG GOOGL stock trades 11% higher at premarket as EPS came at $1.89 topping the analysts estimates of $1.51 per share
Snap SNAP Revenue during the first quarter of 2024 was $1.2 billion, up 21% from the prior-year quarter, topping the consensus estimate, which was $1.12 billion
Intel INTC Revenue came at $12.72 billion below the analyst estimates of $12.78 billion. For the second quarter of 2024, Intel expects EPS of 10 cents on revenue of $13 billion
Apple AAPL cuts Vision Pro shipment projections by 50%
Texas Instruments TXN reported earnings of $1.20 topping the expectations of $1.07
Tesla TSLA: “volume growth rate may be notably lower than the growth rate achieved in 2023
Tesla TSLA Q1 2024 EARNINGS: Adjusted EPS $0.45, below the forecasts of $0.52
TESLA TSLA 1Q Revenue came at $21.30B, below the expectations of $22.3B
Apple’s AAPL iPhone sales in China fell by 19% in the first quarter
UBS upgrades Chinese stocks to Overweight
Wednesday’s earnings reports: IBM META BA F
Tesla TSLA cuts prices for Model Y, X and S three days before earnings
Tuesday’s earnings reports: TSLA GM V UPS
United States Baker Hughes US Oil Rig Count rose from previous 506 to 511
Super Micro Computer SMCI down 22.09% after the company announced an earnings date — but no early guidance to go with it
Apple AAPL CEO Tim Cook & top executrives sold $70M+ stock this month
Micron Technology MU boosting US chip production as it secures $6.1B for NY chip plant
Gold hits record high at $2,417 after Israel launches strikes on Isfahan, Iran
Cisco Systems CSCO unveiled its new AI-focused security system Hypershield, which would protect data centers and clouds at the heart of the AI
Apple’s AAPL CEO Tim Cook boosts Southeast Asia operations with a $250 million investment in Singapore
Mobileye MBLY to ship 46M EyeQ6 Lite chips for driving features in mass-market vehicles
Take-Two Interactive TTWO plans to cut 5% of its workforce, to save $165M yearly
ASML sales in the 1Q came in at 5.3 billion euros, lower than the 7.2 billion euros from the 4Q
ASML bookings slumped to 3.6 billion euros, a sharp decline from the 9.2 billion euros reported in the 4Q
Stocks reporting earnings this week: GS, SCHW, BAC, ASML, TSM, NFLX, DHI, AXP, SLB, UNH
Apple AAPL produced $14B worth of iPhones in India in 2024
Meta Platforms META reveals “Artemis” AI chip to reduce Nvidia NVDA reliance
Shanghai futures exchange (SHFE) to impose trading limits on gold and copper
Biden And Kishida Enlist Amazon AMZN and Nvidia NVDA To Fund AI Research – BBG
Fitch ratings revises its outlook for China’s sovereign rating to negative
Amazon AMZN invests $25 mln in a 10-year research collaboration to advance AI
Intel INTC unveiled Gaudi 3 AI chip, faster & more efficient than Nvidia’s H100 GPU
Boeing BA deliveries in Q1 fell to 83 planes from 157
Microsoft MSFT invests $3.16B in UK for AI hub in London
Tesla TSLA settles lawsuit over 2018 Autopilot crash that killed Apple engineer
JP Morgan CEO Dimon : Inflation may be stickier, rates higher than expected.
63 stocks will report earnings this week: JPM, C, WFC, DAL, TLRY, STZ, FAST, KMX, PGR
Apple AAPL challenges ban on certain Apple Watches by Masimo in patent dispute
FAA investigates Boeing BA after engine incident. U.S. lawmakers probe Southwest Airlines LUV & Boeing for safety incidents
4-7-2024
Nvidia NVDA plans to build a $200 million AI center in Indonesia
Apple AAPL Lays Off 600 Employees In California As It Ends Car Projects
Microsoft and OpenAI are planning Stargate AI Supercomputer project that could cost as much as $100 billion
Powell: Fed Doesn’t Need to Be In Hurry to Cut Rates
The U.S. House has set a strict ban on congressional staffers’ use of Microsoft’s Copilot AI assistant
ARK Investment bought 80K shares of Tesla TSLA yesterday
BYD to launch new EV model for Japan market every year through 2026
Microsoft MSFT names Mustafa Suleyman as CEO of Microsoft AI
China plans to replace U.S. processors in government systems with local tech, affecting Intel INTC, AMD and Microsoft
Apple AAPL to launch Vision Pro headset in China
Goldman Sachs raises 2024 FTSE 100 target to 8200 from 7900
Earnings this week: SMTI, GME, PAYX, RUM, BZFD, WBA, MKC, CCL, ALT, XXI
3-24-2024
ISIS claims responsibility for the terror attack in Moscow
Apple AAPL Scraps Plan To Design Display For Watch In-House
Robinhood Markets, HOOD Co-Founder Baiju Bhatt To Step Down as Chief Creative Officer
The Department of Justice is expected to file an antitrust lawsuit against Apple (AAPL), challenging Apple’s practices related to the iPhone, hardware, App Store, Apple Watch, and services like iTunes
Tomorrow’s earnings releases: ACN, Nike NKE, FDX, LULU, DRI, ASO
Powell: Need to assess if recent inflation represents more than bumps in the road
Powell: January and February #inflation numbers did not add to our confidence
Regulators investigating fatal Ford F Mustang Mach-E crash in Texas with ‘partial automation’
Apple AAPL is reportedly in talks to license Google’s Gemini for generative AI on iPhones
Earnings this week: FDX, NKE, LULU, BTBT, KBH, MU, PDD, LUNR, TIGR,
3-16-2024
Elon Musk warns of AI chip demand causing electricity shortages.
Palantir PLTR CEO says short sellers bet against great companies ‘so they can pay for their coke’
Production started again at Tesla’s European gigafactory in Gruenheide, Germany
Coinbase Global Plans to Offer $1 Billion in Convertible Notes
Ark Invest bought 36,571 shares of Roku Inc ROKU for ARKK and 8,260 shares for ARKW
Ark Invest bought 89,602 shares of SoFi Technologies Inc SOFI for ARKF and 636,269 shares for ARKK
Ark Invest bought 19,749 shares of Palantir PLTR worth $522,558
Cathie Wood’s Ark Invest sold 54,215 Coinbase COIN shares
3-7-2024
Tesla’s TSLA plant in Germany halts production after arson
Apple AAPL iPhone Sales Plunge 24% In China’s Mobile Market
Fubo FUBO reported Q4 adjusted loss of 0.17 / share, narrower than the loss of 0.24
FuboTV FUBO beat quarterly revenue expectations, reporting $410.2 million in revenue
NIO (NIO) Cumulative deliveries of vehicles reached 467,781 as of February 29, 2024
NIO (NIO) delivered 18,187 vehicles year-to-date in 2024
NIO (NIO) delivered 8,132 vehicles in February 2024
Tesla TSLA raised prices of certain Model Y vehicles in the United States by $1,000
Dell DELL Q4 EPS came at $2.20 topping the expectations of $1.72 – Revenue at $22.32B beating the consensus of $22.15B
BestBuy BBY Q4 Earnings: Beat on earnings and Revenue. EPS $2.72 topping the expectations of $2.52. Revenue at $14.65B beating the forecasts of 14.55B
Alibaba Cloud BABA slashes prices by up to 55% on more than 100 products to boost AI in China
Salesforce CRM Q4 revenue was $9.29 billion, an increase of 11% Y/Y and 10% CC. Subscription and support revenues were $8.75 billion, an increase of 12% Y/Y. Professional services and other revenues were $0.54 billion, a decrease of (9)% Y/Y
Salesforce CRM announced a dividend of 40 cents and a $10 billion stock buyback program
AMC Entertainment AMC reported revenue of $1.104 billion, beating the consensus of $1.058 billion
Netflix NFLX Hires Producer Dan Lin as Chairman of the Film Unit
Apple AAPL ends electric car project το focus on core business
Beyond Meat BYND Q4 revenue ($73.7M) beat expectations with strong international demand. but reported larger losses (-$155M) than expected
Musk says Tesla TSLA aims to ship roadster cars next year
2-25-2024
Nvidia NVDA Expects Q1 Revenue of $24B Plus Or Minus 2% above the expectations of 21.9B
Nvidia NVDA: Data Centre Revenue: $18.4B (expectations $17.21B)
Nvidia NVDA: Generative AI Has ‘Hit The Tipping Point’
Nvidia NVDA: Generative AI Has ‘Hit The Tipping Point’
Nvidia NVDA: “. Data Center sales to China declined in Q4 due to U.S. government licensing requirements”
Nvidia NVDA Adj EPS: $5.16 (expectations $4.60) Revenue: $22.1B (expectations $20.41B)
BBG: Rivian RIVN To Cut 10% Of Salaried Staff, Citing Economic Uncertainty
Temenos TEMN down 28.9% after Hindenburg Research report
UK economy enters technical recession
At least 10 people including children injured in shooting near Super Bowl parade in Kansas City
Cloudflare NET stock up 26% to 113.90 in premarket trading after better earnings and revenue expectations
FuboTV FUBO stock down 23% as Disney Announces Sports Streaming Partnership with ESPN, Fox, WBD
Carvana CVNA Brings Same Day Vehicle Delivery to Oklahoma City
Tesla TSLA exported around 32,000 China-made vehicles in January
Reserve Bank of Australia (RBA) kept its cash rates unchanged at 4.35% as expected
Earnings this week: McDonald’s MCD Ford Motor F Walt Disney DIS
Nayib Bukele re-elected as President of El Salvador
2-4-2024
Spotify SPOT signs new multiyear deal with Joe Rogan, worth $250M
Meta, META, adds today more than $205 billion in market cap making it the biggest single-day gain in history
Intel INTC is down 1.72% amid delays in $20B Ohio factory due to tough market conditions & slow incentives
Jeff Bezos plans to sell 50 millions of Amazon AMZN shares over the next 12 months
Meta META Q4 earnings beat expectations with a positive outlook
Tesla TSLA settles lawsuit for $1.5M alleging mishandling of hazardous waste in California
Tesla TSLA upgrades Model Y in China with Hardware 4.0 for Full Self-Driving Beta
BOE keeps interest rate unchanged at 5.25%.
Tesla TSLA CEO plans shareholder vote for incorporation move to Texas
Riksbank leaves interest rate unchanged at 4% as expected
NVIDIA NVDA has started taking pre-orders for a new China-specific AI H20 chip – RTRS
Delaware judge voids Elon Musk’s $56B compensation package at Tesla TSLA.
PayPal PYPL to cut 9% of workforce about 2,500 jobs
APPLE $AAPL shares drop 2% after analyst expects iPhone shipments to decline by about 15%
Calix CALX is down 27% after it reported a loss of $4.1 million, or 6 cents per share
Reed Hastings, Netflix NFLX co-founder gifts 2M shares, valued at over $1.1B
Xreal, backed by Alibaba BABA, raises $60M, valuing the AR glasses company at $1B+
FanDuel parent Flutter FLUT lists on NYSE, expects to give DraftKings DKNG competition
MOODY’S: Global debt outstanding increased by over $10T to $307T in the third quarter of 2023
Baidu BIDU partners with Samsung to integrate Ernie chatbot into Galaxy S24 smartphones
Ford F recalls nearly 200K US cars due to software bug
Needham downgrades Intel INTC from Buy to Hold
Salesforce CRM cuts 700 jobs as part of cost reduction efforts
German GfK Consumer Confidence dropped to -29.7 in February well below the expectations of -24.5
Bitcoin miner Core Scientific CORZQ relists on Nasdaq
Netflix NFLX adjusted earnings per share of $2.11 came below estimates of $2.22 Revenues of $8.83 billion top estimates Total memberships of 260.8 million beat estimates
China’s central bank will cut the amount of cash that banks must hold as reserves from February 5
Russian Regulator Says Apple AAPL Paid $13.6 Million Fine
SolarEdge Technologies SEDG to cut 900 jobs
NIKKEI 225 close above 36,000 making fresh 34 years high
1-19-2024
Altman seeks to raise billions for a network of AI chip factories. Project will involve working with major chipmakers
Apple AAPL Offers To Open Mobile Payments To Third Parties Amid EU Antitrust Case
Meta Platforms META plans significant investment in Nvidia NVDA GPUs to support AI roadmap
Walmart WMT boosts salaries for US store managers
India may cut import taxes by 15% on EVs to benefit Tesla TSLA
Tesla TSLA cuts Model Y prices in Germany
Inflation Rate in Germany jumped to 3.70% in December from 3.20% in November of 2023
Vodafone, Microsoft MSFT agree to 10 year deal across AI payments
Elon Musk aims for 25% voting control in Tesla TSLA
China delays Boeing BA 737 MAX deliveries due to safety concerns
McDonald’s MCD plans aggressive expansion with 9,000 new restaurants by 2027
Germany’s economy contracted by 0.3% in 2023
Citigroup C plans to cut 10% of its workforce to boost results
1-11-2024
Earnings Tomorrow: BAC JPM C DAL BK BLK UNH
The Times: US and UK are set to carry out airstrikes against Houthis as early as tonight
Bitcoin ETF: SEC “THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SRCboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR-CboeBZX-2023- 044; SR-CboeBZX-2023-072) be, and hereby are, approved on an accelerated basis”
Fed’s Williams: interest rates need to stay high ‘for some time’ to ensure inflation is tamed
Hewlett Packard Enterprise HPE is in talks to acquire Juniper Networks JNPR for $13B
Tesla TSLA exported 18,334 China-made vehicles in December 2023
Tiger Woods announced that he will part ways with Nike NKE ending a 27-year partnership with the brand
Boeing BA down -7.63% in premarket trading
Nvidia NVDA plans to begin mass production in the 2Q of 2024 of an AI chip it designed for China to comply with U.S. export rules
Boeing BA: “Safety is our top priority and we deeply regret the impact this event has had on our customers and their passengers. We agree with and fully support the FAA’s decision to require immediate inspections of 737-9 airplanes with the same configuration as the affected airplane. In addition, a Boeing technical team is supporting the NTSB’s investigation into last night’s event. We will remain in close contact with our regulator and customers.”
FAA grounds select Boeing BA 737 MAX 9 planes following Alaska Airlines emergency landing
Tesla TSLA recalls a total of 1.62 mln vehicles including model S, model X, model 3 and model Y. China Market Regulator
Mobileye Global MBLY warns of revenue impact from pullback in orders
Peloton PTON teams up with TikTok to expand customer base & increase subscribers
Tesla’s TSLA China-made EV sales grow 68.7% y/y in December
Nvidia NVDA Performance:
1-Month +2.65%
3-Month +16.36
YTD +238.15%
Microsoft MSFT partners with Inworld AI to enhance video game NPCs using generative AI.
UBS is expecting the S&P 500 to trade down to 4280 in March. Sees lower levels in the first quarter of 2024. Current setup is a bull trap.
Italian tax claim against Meta (META) goes to EU VAT committee
UK’s economy shrank 0.1% in the Q3 of 2023
Tesla TSLA sees delays in cybertruck battery production
Nike NKE unveiled plans to cut costs by about $2 billion over the next three years
Apple AAPL Halts Online Sales Of Its Apple Watch Series 9 And Apple Watch Ultra 2
Rudy Giuliani has declared bankruptcy following a $148 million defamation lawsuit judgment against him.
Norway’s traffic safety regulator investigating potential Tesla TSLA recall due to suspension failures
Apple AAPL loses bid to delay Apple Watch import ban, potential sales pause in the US
20-12-2023
Earnings reports today: Micron MU General Mills GIS BlackBerry BB
On December 15, the S&P 500 ETF, $SPY, saw its biggest single-day inflow at $20.8 billion an all-time high
Goldman Sachs GS raises S&P 500 forecast to 5100 from 4700 on expected Fed interest rate cuts
Alphabet GOOGL to pay $700m settlement
Tesla TSLA raises pay rates for Nevada battery factory workers to prevent union formation.
Nikola founder found guilty of fraud, NKLA stock down 6% at 0.8531
Apple AAPL halts sales of Apple Watch Series 9 & Apple Watch Ultra 2 due to IP dispute with Masimo on Blood Oxygen feature.
Spanish workers at Amazon AMZN logistics center in northern Spain plan a 3-day strike from Jan. 3-5, demanding higher wages
IBM acquires €2.13bn ($2.33bn) worth of divisions from Software AG to boost its data capabilities for WatsonX AI platform
Earnings this week: PEP FDX MU BB GIS KMX PAYX NKE
Tesla recalls 2 million US vehicles to modify Autosteer feature
Moderna’s MRNA Chief Commercial Officer resigns
Apple AAPL introduces Stolen Device Protection with FaceID for iPhones
Google, GOOGL defeated in antitrust case filed by Epic Games
Meta launched second-generation Ray-Ban smart glasses
Labor strike at DHL Express in the US may impact holiday shipping for DHL, FedEx, & UPS
Tesla TSLA defends “Autopilot” labels against false advertising accusation
DraftKings DKNG hit by a class-action suit alleging that advertising for the sportsbook’s $1,000 bonus bet offer is unfair and deceptive
Apple is aiming to build more than 50 million iPhones in India annually within the next two to three years
Boeing BA in talks to sell 80 Dreamliner jets to Thai Airways
Palantir Technologies PLTR offers jobs to 180 students feeling unsafe on college campuses
Lululemon posts strong Q3 results, Q4 guidance below the expectations
Amazon AMZN drops Venmo as payment option for Prime users, might affect PayPal’s PYPL partnerships
AMD trades 7% higher after positive feedback on AI event and adoption by tech giants
Elon Musk says Bob Iger DIS should be fired immediately
Nikola Corporation (NKLA) announced its intention to offer $100,000,000 of common stock and $200,000,000 aggregate principal amount of Green Convertible Senior Notes due 2026
GameStop GME trades 1.7% higher as revenue decline raises turnaround worries
MicroAlgo MLGO trades 19% higher following the news it had developed a knowledge-enhanced backtracking search algorithm
Meta Platforms has encrypted Facebook and Messenger messages by default for safer service, with Instagram messaging to follow
Danish pension fund sells Tesla TSLA shares over refusal to sign union agreements
Robinhood Markets HOOD is launching commission-free crypto trading in the EU, days after making its international debut with stock-broking services in the UK
Google launches advanced AI software, Gemini
JPMorgan CEO Jamie Dimon and Senator Elizabeth Warren call for action against cryptocurrencies due to concerns about illegal activities
Apple AAPL Moves Towards India-Made iPhone Batteries In Push Away From China – FT
EV Maker NIO To Spin Off Its Battery Production Unit
For the fourth quarter of 2023, NIO expects: Deliveries of vehicles to be between 47,000 and 49,000 vehicles
Amazon and Google accuse Microsoft of anti-competitive cloud computing practices
Denmark’s 3F union backs Swedish mechanics striking Tesla TSLA. They won’t deliver or transport Tesla cars in Sweden
IBM and Meta create AI Alliance with 50+ companies, research groups & institutions.
BYD is on track to sell 3 million cars in 2023, positioned to surpass Tesla as the largest battery-electric vehicle producer
JP Morgan upgrades Carvana CVNA from Underweight to Neutral and raises the price target from $25 to $40
Nvidia NVDA CEO pledges to boost AI processor supply to Japan
Tesla’s TSLA China EV sales fell 17.8% YoY in November
Spotify CEO slashes workforce by 17% to cut costs after overspending
Robinhood HOOD CEO defends payment for order flow (PFOF). PFOF controversial, banned in UK & EU
Cumulative deliveries of NIO vehicles reached 431,582 as of November 30, 2023
NIO delivered 142,026 vehicles year-to-date in 2023, increasing by 33.1% year-over-year
NIO delivered 15,959 vehicles in November 2023, increasing by 12.6% year-over-year
Texas AG has sued Pfizer PFE for misrepresenting COVID-19 vaccine efficacy and attempting to censor public discussion about the product.
Citigroup maintains NetApp at Neutral and raises the price target from $83 to $90
Canada and the United States have finalized a deal to buy up to 16 Boeing Poseidon BA aircraft as part of a $7.7 billion project
Cristiano Ronaldo hit with $1B lawsuit for touting Binance NFTs
Meta Platforms META sues FTC, alleging unconstitutionality in tightening consent agreement.
SoFi exits the crypto industry, customers can migrate to Blockchain .com
Tesla TSLA to deliver Cybertruck, aims to produce 250K/year by 2025
Apple AAPL unveils App Store Award winners, the best apps and games of 2023
Robinhood HOOD plans a third attempt at a U.K. launch. It will offer 6,000 U.S. stocks and 24-hour trading
Carvana CVNA Expands Same Day Delivery Offering to Central Florida Residents
Apple AAPL to end credit-card and savings account partnership with Goldman Sachs GS in 12-15 months
Berkshire Hathaway says Charlie Munger has died
Rivian (RIVN) offers leasing option in CA, NY, FL, & TX, hinting at improved production
Delta Air Lines DAL to reduce costs by cutting corporate jobs amid increasing fuel and labor expenses
Amazon AMZN introduces palm-scanning tech for businesses. It allows employees to access offices & data
Amazon AMZN workers strike across Europe during “Black” Friday to Monday
Tesla TSLA considers a $2 billion factory investment in India
Hackers steal $115M from crypto platforms linked to Justin Sun, assets moved to Ether
Coinbase COIN Chairman Armstrong sells over $480K in company shares
The volume of Apple AAPL sales underperforms Huawei, Xiaomi on China’s Singles Day
Macy’s M workers plan to strike during Black Friday-Sunday
General Motors’ GM self-driving division Cruise to re-launch in one city
Meta Platforms introduces AI-powered video editing tools, competes with Microsoft, Google, and Amazon in the AI space
Rivian RIVN CEO, Robert J. Scaringe, takes charge of product functions, potentially shaping future development and innovation.
Tesla TSLA raises price of Model Y long-range vehicle in China by 2,000 yuan to 304,400 yuan
Dell incorporates AI into software, aiming to boost sales of PCs & servers
Spanish union CCOO calls for strike by 20,000 Amazon AMZN workers in Spain on Nov 27 & 28
11-20-2023
Amazon AMZN to sell cars in 2024, starting with Hyundai
Alibaba cancels cloud business spin-off and postpones Freshippo IPO
Amazon AMZN says its first Project Kuiper internet satellites were fully successful in testing
Bill Holdings, BILL Director David Hornik bought 17,710 shares on November 13th at $56.49 per share
Apple’s $AAPL Cook calls Vietnam part of company’s strategy
Palo Alto Networks PANW Q1 2024 Earnings Beat Expectations
Nvidia NVDA Challenger Sapeon Unveils Latest AI Chip for Data Centers
Berkshire Hathaway makes portfolio changes, increases cash, sells General Motors GM and Procter & Gamble PG, cuts stake in Amazon AMZN
Salesforce CRM receives increased investment from Sachem Head Capital Management and Farallon
FDA warns Amazon AMZN about unapproved eye drops sold on its platform
Pfizer (PFE) cuts 500 jobs in UK, part of $3.5B cost-cutting
Apple (AAPL) supplier Foxconn sees 11% profit increase in Q3 beating the expectations
Amazon Games cuts jobs, focuses on Prime Gaming
Rivian plans to raise $15B in debt to build an EV plant in Georgia, creating jobs and producing 400k vehicles/year.
11-10-2023
EU sets deadline for Meta, Snap, YouTube, and TikTok to submit child content protection information, demands details to combat terrorism and hate speech.
Meta Platforms partners with Tencent Holdings to launch a low-cost VR headset in China
8-23-2023
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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