World market news that moved the markets from September to December 2022.
Amazon (AMZN) plans a stand-alone sports streaming app – The Information
Facebook parent Meta META to pay $725 mln to settle lawsuit relating to Cambridge Analytica – Reuters
FTX founder Bankman-Fried released on $250 mln bond
These analysts revised price targets on Nike (NKE) Following third-quarter financial results
Alvotech (ALVO) is 20% higher after FDA granted a new biosimilar user fee amendment for its original biologics license application for AVTO2
Cleveland-Cliffs Inc. (CLF) is trading 10% higher after the announcement of price increases on fixed-priced contracts
United Kingdom Gross Domestic Product (YoY) came in at 1.9%, below the forecasts of 2.4% in third quarter 2022
Germany Gfk Consumer Confidence Survey came in at -37.8 beating the forecasts of -38 in January
Tuesday’s earnings reports: BB FDX FDS GIS NKE
Apple (AAPL) has been fined 1 million by the French Commercial Court in Paris over abusive app store practices
Monday’s earnings reports: HEI CCL VALU VERY AVYA STAB
Citi is bullish on Gold for 2023 and especially in the 2nd half of 2023, now expects average of $1,900/oz by the end of the year
Musk’s Twitter poll says he should step down from Twitter. Tesla (TSLA) stock rallies
Germany IFO – Business Climate registered at 88.6 beating the expectations of 87.2 in December
Tuesday’s earnings reports: BHP LEGN BRZE HEXO GTH ABM
Boeing (BA), and United Airlines (UAL) Finalize 737 MAX and 787 Order, Including Record Purchase for 100 Dreamliners
Monday’s earnings reports: ORCL STCN VALU BLBD GTH SIF
United States Michigan Consumer Sentiment Index registered at 59.1 above expectations (53.3) in December
Friday’s earnings reports: CBRL GCO LI AZRE SIF
Credit Suisse Cuts Apple (AAPL) Q1 Estimates
Bank of England Survey: UK public inflation expectations for the coming year ease to 4.8% in November
Tesla (TSLA) To Suspend Model Y Output In Shanghai In Last Week Of December – RTRS
Thursday’s earnings reports: ORCL AVGO COST LULU DOCU CIEN MOMO FIZZ
Tesla (TSLA) sold 100,291 China-made cars in November – RTRS
Shanghai will remove Covid test requirement for dine-in and entertainment venues
GameStop (GME) Third Quarter Earnings
Coinbase (COIN) CEO in a Bloomberg interview indicated that he expects Coinbase FY2022 revenue to be less than half of FY2021 revenue
Putin: “Russia considers nuclear weapons a response to an attack”
Putin: ‘Threat Of Nuclear War Is On The Rise’
Bank of Canada hikes interest rate by 50 bps to 4.25%
Morgan Stanley cuts quarterly (AAPL) iPhone production estimates by 3MM to 75.5MM
Here is why Smith & Wesson Brands (SWBI) is down 7% in pre-market trading
Wednesday’s earnings reports: GME CPB DSGX KFY THO UNFI
European Monetary Union Gross Domestic Product s.a. came in at 0.3% (QoQ) beating the expectations of 0.2% in the third quarter
Tuesday’s earnings reports: AZO FERG MDB SWBI TOL
US ISM Services PMI came at 56.5 in November above the expectations of 53.1. Previous reading at 54.4
Apple Inc. (AAPL) is looking to reduce its iPhone production exposure to China. – Wall Street Journal
Monday earnings reports: GTLB SUMO SAIC
Tesla (TSLA) Delivers First Semi Trucks to PepsiCo
United States ISM Manufacturing PMI came in at 49 below the expectations of 50.0 in November
Thursday’s earnings reports: BIG DG KR AOUT CHPT
November ISM Manufacturing PMI will be released today. Expectations at 50; the previous reading was at 50.2
Germany Retail Sales came in at -5% well below the expectations of -2.8% in October
Mark Zuckerberg (META) Says Apple (AAPL) Holds Too Much Control Over App Ecosystem – WSJ
Kraken Crypto Exchange to lay off 1100 employees – 30% of its workforce
Amazon (AMZN) announced record sales over the shopping period that began Thanksgiving Day and ended on Cyber Monday
Elon Musk says Fed must cut rates immediately to avoid a severe recession
Elon Musk: Apple has threatened to withhold Twitter from its App Store
BlockFi files for Chapter 11 bankruptcy in New Jersey
Apple (AAPL) is down 1.80% in premarket trading after unrest at China factory
Monday’s earnings reports: LYFT UBER FVRR
Tesla recalls more than 80,000vehocles in China over software and seatbelt issues
Russia’s Justice Ministry adds META Platforms to register of extremist organisations – Kommersant
Beijing orders six million people into lockdown – Daily Mail Online
Beijing is going into lockdown – CGTN
German IFO Business Climate for November came at 86.3 above the estimates of 85.0. The previous reading was at 84.3
Swedish Central Bank, Riksbank Hike Rates by 75 Bps To 2.5% From 1.75% As Expected
Amazon plans to invest $1 billion annually on theater movies
United States S&P Global Manufacturing PMI came at 47.6 below the expectations of 50 in November
Credit Suisse (CSGN) shareholders approved a CHF 4 billion capital raise
Deere’s (DE) third-quarter sales came at $15.54 billion beating the expectations of $13.44 billion. Deere EPS came at $7.44 well above the forecasts of $7.11
Wednesday’s earnings reports: DE RADA STG CHEK
Sequoia Capital apologizes to investors and says they lost over $150 million on FTX investment
Dollar Tree (DLTR) sales came at $6.94 billion beating the consensus estimate of $6.84 billion, the EPS reported at $1.20 beating the forecasts of $1.18
Dick’s Sporting Goods (DKS) reported adjusted EPS of $2.60 topping the forecasts of $2.27, sales came at $2.959 billion above the expectations of $2.702 billion
Medtronic (MDT) sales came at $7.59 billion below the expectations of $7.70 billion, adjusted EPS came at $1.30, above the expectations of $1.28
Best Buy’s (BBY) Earnings per share reported at $1.38 topping the expectations of $1.03. Best Buy Revenue came at $10.59 billion beating the expectations of $10.31 billion
Analog Devices’ (ADI) revenue came at $3.248 billion beating the expectations of $3.150 billion
Binance turns down investment in crypto lender Genesis which faces the threat of bankruptcy: Bloomberg
Goldman Sachs Research see EURUSD at 0.94 in 3 months and 0.97 in 6-months
Tuesday’s earnings reports: BHP MDT ADI VMW ADSK DLTR BIDU HPQ BBY WMG DKS JWN ANF
Genesis Crypto says it may have to declare bankruptcy without new funding
Today’s earnings reports: A DELL ZM SJM URBN
Disney DIS Jumps premarket as Bob Iger returns as CEO for two years
Goldman Sachs: sees Fed hiking another 125bp to a peak of 5-5.25% – don’t expect cuts in 2023.
Tesla recalls 321,000 U.S. vehicles over rear light issue – RTRS
FED’S Collins: 75 Basis Points remain on the table
Tesla recalls nearly 30K vehicles due to airbag issue
Friday’s earnings reports: JD FL ACER SPB TWST
Amazon CEO Andy Jassy said that the job cuts are expected to extend into 2023 – CNBC
Genesis Crypto lender seeks $1 billion emergency loan by Monday
Tesla reports two new fatal crashes involving driver assistance systems – RTRS
BlockFi is preparing for imminent bankruptcy, after the FTX collapse
Amazon reportedly extends voluntary buyout offers to some employees
Crypto Lender Genesis Suspends Withdrawals
US Retail Sales rose by 1.3% in October above the expectations of 1%
Peloton expands relationship with Amazon in the UK and Germany
Wednesday’s earnings report: NVDA CSCO LOW TJX TGT GRAB HP
United Kingdom Consumer Price Index (YoY) registered at 11.1% above the expectations of 10.7% in October, The highest in 40 years
Ukrainian President Zelenskiy: Russian Missiles Have Struck Poland – RTRS
Russian Defence Ministry: No Strikes Against Targets Near Ukraine-Poland Border Have Been Carried Out By Russian Weapons
Russian missiles crossed into Poland killing 2 – AP
Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York – Reuters
United States Producer Price Index came in at 8% (YoY) below the expectations of 8.3% in October
UK ILO Unemployment Rate rises to 3.6% in September above the expectations of 3.5%
Warren Buffet takes $5 billion stake in $TSMC, sparking rally in shares – BBG
Google $GOOGL has agreed to pay $391.5 million to dozens of states over the company’s location-tracking practices – Sources
Monday’s earnings reports: TSN NU MNDY
Crypto com CEO Marszalek says having a very strong balance sheet, and will prove people wrong
Binance to Start Recovery Fund For Crypto Projects Facing Liquidity Crisis
AAX crypto exchange is suspending withdrawals for up to 10 days due to a system upgrade
CryptoCom token CRO is down 17% at a fresh historical low
United States Michigan Consumer Sentiment Index came at 54.7, below the expectations of 59.5 in November
Tesla (TSLA) adds 43 Supercharger stations in the Chinese mainland in October
Earnings today: STET DICE VIVO HGEN CRKN
Amazon Has Launched A Cost-Cutting Review Focused On Unprofitable Business Units – WSJ
United States Consumer Price Index came in at 7.7% (YoY) below the expectations of 8% in October
Thursday’s earnings reports: AZN NIO TOST RL WIX
Bitcoin Below 17,000!
Politico: EU to hit Meta with new antitrust charges
Wednesday’s earnings reports: RIVN RBLX TTD BMBL OLPX BYND
Meta platforms to cut over 11,000 employees (13% of total) and is set to extend the hiring freeze
Elon Musk sells Tesla shares worth $3.95 bln days after Twitter deal – RTRS
Crypto sell-off continues amid FTX collapse. Bitcoin -3.20% Ethereum -5.67% $FTT -20%
AMC Entertainment (AMC) trades higher after the deal with Zoom Video Communications Inc. (ZM) to turn some of the movie-theater chain’s locations into so-called Zoom Rooms
There are reports that FTX may have halted withdrawals according to on-chain data
Tesla Recalls 40,000 U.S. vehicles over potential loss of power steering assist
BoE Chief Economist Pill: UK Economy Is Heading Into Recession
Tuesday’s earnings report: DIS OXY CEG DD AKAM PLUG RCM and AMC
Palantir (PLTR) Third Quarter Earnings
Goldman Sachs cuts EURUSD forecast to 0.94 (3-month horizon), previous forecast was at 0.97
Netflix announces ‘Gears of War’ movie and animated series
DraftKings DKNG rebounds today after Friday’s sell-off
Apple down 1.09% at $136.90 in premarket
National Health Commission: China still faces a complex and severe Covid situation, and the government will keep the dynamic zero Covid policy
United Kingdom Halifax House Prices (MoM) came in at -0.4% below the expectations of 1.2% in October
Germany’s Industrial Production s.a. came in at 0.6% (MoM) topping the expectations of -0.8% in September
Monday earnings reports: PLTR TTM BNTX ATVI TTWO LYFT
Meta Is Preparing to Notify Employees of Large-Scale Layoffs Latter This Week – WSJ
Apple Trims New iPhone Output by 3 Million Units as Demand Cools
National Health Commission: China still faces a complex and severe Covid situation, will stick with dynamic zero Covid policy
Friday’s earnings reports: BRK.A DUK D HSY CBOE DKNG FUBO
Chinese stocks rally amid speculation on easing Covid restrictions BABA NIO TCEHY JD
Italy October services PMI came in at 46.4 well below the forecasts of 48.5
Spain S&P Global Services PMI came at 49.7 topping the expectations of 48.3 in October
France’s Industrial Output (MoM) came in at -0.8%, beating the expectations of -1% in September
Germany Factory Orders n.s.a. came in at -10.8% (YoY) well below the expectations of -8.8% in September
Block $SQ reported earnings of $0.42 per share beating the expectations of $0.23. Revenue came at $4.52 billion, also topping the expectations of $4.49 billion
Coinbase Global (COIN) reported Q3 earnings: The company missed estimates on revenue and earnings. Revenue came at $590.3 million well below the estimates of $649.15 million. Earnings per share came at -$2.43 below the expectations of -$2.12
Today’s earnings reports: AMGN PYPL SBUX CI MRNA MSI EXC SQ WBD GOLD DDOG K COIN NET DASH TWLO TEVA DISH CROX.
Norges Bank raised Interest Rate by 25 Bps at 2.5% below the expectations for a 50 Bps rise to 2.75%
Morgan Stanley (MS) to start lay offs from next week – RTRS
Switzerland Consumer Price Index came in at 3% (YoY) below the forecasts of 3.2% in October
Turkey’s Consumer Price Index came in at 85.51% (YoY) below the expectations of 85.6% in October
Powell: ‘I don’t think we have overtightened’
Swiss National Bank’s Jordan: Cannot Rule Out More Rate Hikes To Ensure Price Stability
Elizabeth Warren says Amazon’s (AMZN) and Apple’s (AAPL) roles in the auto industry raise concerns
Today’s earnings reports: QCOM CVS HUM YUM ROK EBAY Z LUMN ROKU BKNG CLR CPK SAND HOOD
European Monetary Union S&P Global Manufacturing PMI came at 46.4 below the expectations of 46.6 in October
Spain S&P Global Manufacturing PMI came in at 44.7, well below the forecasts of 47.5 in October
Credit Suisse’s long-term rating was downgraded to BBB- from BBB, with a stable outlook by S&P Global Ratings
Tesla shuts former flagship store in Beijing in retail strategy shift – RTRS
Amazon freezes hiring levels in profitable advertising business
Amazon $AMZN hits the lowest level since April 3, 2020, as the earnings disappointment weighs on sentiment
Reserve Bank of Australia (RBA) hiked its policy rate by 25 basis points to 2.85% from 2.6% as expected
Apple’s (AAPL) Online Store And Information Systems Chiefs Are Leaving
Today’s Earnings Reports: SYK ANET GPN ON AWK HOLX CAR
Eurozone Preliminary Inflation jumps to 10.7% ( YoY) in October well above the expectations of 9.8%
Eurozone Preliminary GDP expands 0.2% (QoQ) for the third quarter in line with expectations.
Crypto lender Hodlnaut lost $190 million in the Terra collapse – BBG
Spain’s Retail Sales came in at 0.1%, below the expectations of 1.1% in September
Missile strikes were reported across Ukraine including the capital Kyiv
Tesla CEO Elon Musk is set to complete his acquisition of Twitter today
SEC has charged KimKardashian for unlawfully touting EthereumMax without disclosing the payment she received.
Turkey Producer Price Index (YoY) increased to 151.5% in September from the previous 143.75%.
Tesla in the third quarter, produced over 365,000 vehicles and delivered over 343,000 vehicles. Tesla will post its financial results for the third quarter of 2022 after market close on Wednesday, October 19, 2022
UK Prime Minister Liz Truss: ‘I am confident our plan will deliver’
Coinbase says it is “currently unable to take payments or make withdrawals involving US bank accounts.”
Emergency Fed meeting announced for Monday
DBRS Morningstar Confirms France At AA, Stable Trend.
Biden says the US is prepared to defend “every single inch” of NATO territory.
Bowman (FED): US regulators need to coordinate on crypto oversight.
Apple’s offices in Korea reportedly raided by antitrust officials.
Porsche AG stock trades 0.92% higher at 83.26 in its second trading day.
Eurozone annual inflation hits 10% in September a record high.
United Kingdom Gross Domestic Product came at 4.4% (YoY) topping the expectations of 2.9% in 2Q.
Mark Zuckerberg says Meta will freeze hiring and cut costs.
Apple Down 4.8% VP of Procurement Leaves The Company.
President Biden: US Will Never Recognize Russia’s Claims On Ukraine’s Sovereign Territory.
Mexican Central Bank Hikes Key Rate By 75bps To 9.25%.
United States EIA Natural Gas Storage Change came in at 103B, beating the expectations of 94B in September 23.
Porsche AG stock trades slightly higher from the IPO price at 82.92 euros in its market debut. Daily high at 86.78.
U.S. Army Research Lab Extends Contract With Palantir (PLTR) to Deliver Leading AI/ML Capabilities Across Department of Defense.
President Erdogan: Turkey rate cuts should continue. I suggest rate cuts in coming monetary policy meetings.
Spain’s budget Minister: Government to increase tax on capital gains above 200,000 Euros.
Italy 10-y Bond Auction increased to 4.7% from previous 3.46%.
Italy’s Producer Price Index (YoY) climbed from the previous 36.9% to 40.1% in August.
Porsche AG stock rise 2.6% to 84.88 euros in its market debut.
Biden says Hurricane Ian should have a small, temporary impact on oil production.
Futures plunge in early morning trading.
EURUSD Hits fresh 20-year Lows at 0.9542.
IMF Says UK’s ‘Untargeted’ Fiscal Measures Will Likely Boost Inequality.
Sweden’s Premier said Nord Stream leaks were probably a deliberate act.
US September consumer confidence 108.0 vs 104.5 expected, previous reading at 103.6.
Strong Rebound for cryptocurrencies Today.
Medvedev: We have the right to use nuclear weapons if necessary.
Cryptocurrencies started the week on a positive foot: BTC: +1.20% at 19,073 – ETH: +1.44% at 1,312 – ADA: +0.94% at 0.43 – LTC: +0.38% at 52.30.
OECD: Global GDP is now projected to be at least USD 2.8 trillion lower in 2023.
Germany: IFO Business Climate Index drops to 84.3 in September well below the expectations of 87.1.
US Futures turn positive:Dow Jones +0.17% S$P 500: +0.14% Nasdaq: +0.25%.
Giorgia Meloni to become Italy’s prime minister as the center-right bloc heads for election victory.
EURUSD hits the lowest level in 20 years.
Goldman Sachs slashes its year-end target for the S&P 500 Index to 3,600 from 4,300.
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