The stock market

[longcast]

Why Venezuela Is About to Lose Its Oil Crown Jewel

(Bloomberg) -- Venezuela is entering the final stage of a long legal battle in which its most valuable foreign asset, Citgo Petroleum Corp., will be auctioned off to settle claims against the government and its oil company. Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest...

finance.yahoo.com

 

[longcast]

JPMorgan CEO Jamie Dimon: Central banks have been 'dead wrong'

JPMorgan Chase CEO Jamie Dimon slammed central banks like the Federal Reserve for being "100% dead wrong" when they tried to paint inflation as "transitory" 18 months ago.

www.foxbusiness.com

"I want to point out the central banks 18 months ago were 100% dead wrong," he continued, according to the outlet. "I would be quite cautious about what might happen next year."

The head of the largest bank in the U.S. went on to criticize "this omnipotent feeling that central banks and governments can manage through all this stuff," adding, "I'm cautious."

For much of 2021 and into 2022, the Fed and the ------- administration insisted the surge in prices would be "transitory," but that proved to not be the case. - Yeah HAH?????
He wrote, "This may be the most dangerous time the world has seen in decades."

 

[longcast]

Stock market news today: S&P 500, Nasdaq tumble as Google slides

The Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.

finance.yahoo.com

 

[longcast]

Exxon, Chevron Profits Disappoint on Weak Refining, Chemical Results

(Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. posted disappointing profits amid weak performances by their oil-refining and chemical businesses.Most Read from BloombergChina’s Ex-Premier Li Keqiang, a Reformer Sidelined by Xi, DiesHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s...

finance.yahoo.com

 

[longcast]

Amazon beats earning estimates, touts AI as the future of its financials

Amazon reported its Q3 earnings after the bell. Here's how the e-commerce giant fared.

finance.yahoo.com

 

[longcast]

Mortgage rates continue to climb toward 8%, home purchases now at 'virtual standstill': Freddie Mac

The average interest rate for a 30-year fixed-rate mortgage rose to 7.79% this week, continuing an upward trend that is putting further pressure on the housing market.

www.foxbusiness.com

 

[longcast]

Battery maker warns demand could slow for EVs as GM-Honda partnership falls apart

Global market conditions are contributing to slowed demand for electric vehicles. Automakers, including GM and Honda, have responded by scrapping plans to produce affordable EVs.

www.foxbusiness.com

While EV sales remains strong, exceeding 300,000 units in the U.S. for the first time in the third quarter, according to a Cox Automotive report, investors appear pessimistic about long-term demand. Over the last three months, the iShares Self-Driving EV and Tech exchange-traded fund has plunged more than 24%, far more than the 8.3% fall for the MSCI All-World Index, a proxy for global equities, according to Reuters.

 

[longcast]

Very smart

With mortgage rates soaring, taking over existing mortgages is gaining steam

Mortgage rates have been steadily climbing to highs not seen in over 20 years, and now a trend from the 1980s as reemerged. More buyers are seeking assumable loans.

www.foxbusiness.com

 

[longcast]

EV market could become the 'next big flop': Economist

Car companies falling victim to "EV mania" could see their market values be the "next big flop" to hit Wall Street – and thus, Americans' wallets, says Steve Moore.

www.foxbusiness.com

 

[longcast]

Stock market news today: US stocks rise as investors await Fed decision, Apple earnings

Investors are bracing for the Federal Reserve decision and Apple earnings later in the week.

finance.yahoo.com

 

[longcast]

Tesla falls as production cut by battery supplier Panasonic fans EV demand fears

Panasonic said its production suffered from slowing uptake for high-end EVs in North America, echoing Tesla CEO Elon Musk's comments from earlier this month that higher-for-longer borrowing costs would take a toll on vehicle demand. "Panasonic's warning of soft demand for Tesla's Model S and...

finance.yahoo.com

 

[longcast]

Stock market news today: US stocks look to keep up rally in countdown to Fed

Investors are weighing events in the bond market for any fallout for stocks, as the Fed's meeting begins.

finance.yahoo.com

 

[longcast]

Brewer AB InBev's shares rise on $1 billion buyback

AB InBev built itself into the behemoth it is today via a series of blockbuster acquisitions that saw several major brewers internationally merged into one global giant. But the acquisition of Africa's SABMiller in 2016 left the maker of Stella Artois, Corona and Budweiser with a more than $100...

finance.yahoo.com

 

[longcast]

It's not just the Fed driving the stock market anymore

With markets largely in agreement that the Fed is near the end of its hiking cycle, other events are becoming meaningful again to stock investors.

finance.yahoo.com

 

[Chinacat]

Brewer AB InBev's shares rise on $1 billion buyback

AB InBev built itself into the behemoth it is today via a series of blockbuster acquisitions that saw several major brewers internationally merged into one global giant. But the acquisition of Africa's SABMiller in 2016 left the maker of Stella Artois, Corona and Budweiser with a more than $100...

finance.yahoo.com

Cool, so the company that makes Bud and Bud Light is indeed profitable!!!

 

[longcast]

Cool, so the company that makes Bud and Bud Light is indeed profitable!!!

As a parent yes, they do not just make Bud Light.

 

[longcast]

US Futures Slip Before Fed’s Likely ‘Hawkish’ Hold: Markets Wrap

(Bloomberg) -- US stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government’s new borrowing plan. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee...

finance.yahoo.com

 

[longcast]

Estee Lauder eyes weak annual results on slow recovery in Asia travel retail

Major global companies including European peer L’Oreal have flagged ongoing challenges to their travel retail businesses in Asia, particularly China, as the world's second-largest economy struggles to revive domestic demand post-pandemic. Last quarter, Estee had said the recovery in Asia travel...

finance.yahoo.com

 

[longcast]

Paycom's stock plummets after weak revenue forecast

Paycom, one of the top percentage losers among NYSE-listed stocks in premarket hours, was last down nearly 36% at $155.89.

finance.yahoo.com

 

[longcast]

Pfizer quarterly results hit by soft demand for COVID-19 products

Sales of the company's coronavirus vaccine Comirnaty dropped 70% during the third quarter compared with the same period a year earlier, Pfizer reported on Tuesday.

www.foxbusiness.com