The stock market

[longcast]

Levi's to cut up to 15% of global workforce

Levi Strauss & Co. is the latest in a growing number of companies to slash their workforce at the start of the new year. Their announcement follows those of Microsoft, Google and Amazon.

www.foxbusiness.com

 

[longcast]

Stock market today: US futures make muted start to earnings-packed week

Investors are bracing for a week packed with earnings from Magnificent Seven stalwarts, a Fed rate decision and the US jobs report.

finance.yahoo.com

 

[longcast]

The Fed will likely hold rates steady this week. Markets want to know when rate cuts will start.

The Fed is widely expected to hold interest rates steady this Wednesday at its first policy meeting of 2024. Investors will be looking for any clues about when cuts could begin.

finance.yahoo.com

 

[longcast]

Court orders China’s bankrupt Evergrande to liquidate

A judge in Hong Kong on Monday ordered the bankrupt China Evergrande Group to liquidate, saying the indebted real estate giant has failed to present a stable restructuring plan.

www.foxbusiness.com

 

[longcast]

Stock market today: Nasdaq futures sink after early Big Tech bust, with Fed on deck

The Federal Reserve takes center stage while Wall Street evaluates any lingering impact from the first batch of tech earnings.

finance.yahoo.com

 

[longcast]

Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

The Federal Reserve held interest rates in a range of 5.25%-5.50% on Wednesday and sought to temper expectations on when the central bank will begin cutting interest rates.

finance.yahoo.com

Still too much "money"
and spending out there.

 

[longcast]

I will put these two together.

Powell would like investors to treat good news as good news: Morning Brief

The US economy continues to do well. Jerome Powell wants investors to think that's a good thing.

finance.yahoo.com

US job cuts more than double in January

Job cut announcements in January increased to its highest level in 10 months as employers in the financial and technology sectors launched restructuring efforts, a report released Thursday showed. Announced layoffs reached 82,307 in January, a 136% surge from December’s 34,817, according to...

finance.yahoo.com

 

[longcast]

Stock market today: Stocks set for bounce back after Fed, with Big Tech round 2 on deck

US stocks are set for a rebound after investors received a wake-up call from the Fed on Wednesday.

finance.yahoo.com

 

[longcast]

Disney lawsuit against DeSantis dismissed by judge as company vows fight 'will not end here'

The ongoing political firestorm stems from what Disney characterizes as a politically targeted response over Disney's reaction to the so-called "Don't Say Gay" law.

finance.yahoo.com

How about keeping your mouth shut and doing your fiduciary duty? Stop wasting shareholder dollars on frivolous lawsuits. You "flubbed up" opening you big mouth. Now figure out how to bring shareholder value back.

 

[longcast]

It will take years for the oil and gas market to recover from the 'mother of all shocks,' Harvard economist says

"When there is an energy shock, it can take a huge price change to clear the market," the Harvard economist Ken Rogoff said.

finance.yahoo.com

 

[longcast]

Ahh, Delaware. The home to "business - friendly corporate laws and tax benefits." Obviously times have changed. Good for him moving the incorporation to Texas.

Tesla to Texas? Elon Musk announces major shareholder vote

Tesla shareholders will vote on whether to transfer the company's incorporation from Delaware to Texas after a judge voided CEO Elon Musk's $56 billion pay package.

www.foxbusiness.com

If this doesn't explain it, nothing will.

Reuters

Explainer: The case against Elon Musk's $56 billion pay package​

By Jody Godoy and Tom Hals
January 30, 20245:25 PM ESTUpdated 2 days ago

An investor named Richard Tornetta sued Musk and several Tesla directors in 2018, claiming Musk's pay package was unfair. While Tornetta held just nine Tesla shares, the deal had also been criticized by major pension fund California State Teachers’ Retirement System (CalSTRS) and proxy advisory firms, who viewed the deal as too large.

 

[longcast]

Layoffs skyrocketing in 2024: Here are the companies axing jobs

Layoffs surged in 2023, and so far, it appears that trend is not slowing down. In the first month of the new year, companies across multiple industries announced cuts.

www.foxbusiness.com

 

[longcast]

Stock market today: Stocks mostly rise after jobs report blowout, tech windfall

Friday marks the end of a jam-packed, topsy-turvy week on Wall Street.

finance.yahoo.com

 

[longcast]

Meta stock jumps 20% after earnings in biggest market-cap jump in stock market history

Shares of Meta soared Friday after the company reported a beat on earnings and guidance and announced new shareholder initiatives.

finance.yahoo.com

 

[longcast]

Cracks in the Commercial Property Market Are Widening to Apartments

(Bloomberg) -- The cracks in the commercial real estate market are widening from offices to apartment complexes, with more than $67 billion of the housing potentially distressed as borrowers struggle to repay loans extended during the height of the pandemic.Most Read from BloombergMeta’s $197...

finance.yahoo.com

 

[longcast]

China Gloom Spurs Record $2 Billion Rush Into Foreign Stock ETFs

(Bloomberg) -- A record amount of Chinese money is flowing into overseas equities as despondent investors seek a way out of the sagging local stock market. Most Read from BloombergMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryUS Hits Iran’s Militias in Syria, Iraq, Raising...

finance.yahoo.com

 

[longcast]

Interesting read.

Liquidation of China's Evergrande has 'a lot of similarities' to Lehman Brothers, analyst says

A Hong Kong court on Monday ordered Chinese real estate developer Evergrande Group — the world's most heavily indebted property developer — to liquidate its assets.

www.foxbusiness.com

 

[longcast]

Estee Lauder slashes annual profit forecast, lays out plan to cut jobs

The cosmetics giant expects to book up to $700 million in charges linked to a program aimed at cutting about £% to 5% of its workforce to cut costs.

finance.yahoo.com

 

[longcast]

Stock market today: US futures dip as Powell chills rate cut hopes

Hopes now rest on a jam-packed week of corporate earnings to keep the rally alive.

finance.yahoo.com

 

[wader]

WOW!!!!

Estée Lauder earnings 'better than feared' amid China woes

Estée Lauder (EL) stock is soaring Monday morning after topping fiscal second-quarter earnings estimates. The cosmetics company announced a restructuring plan that would impact between 3 and 5% of its workforce. Canaccord Genuity Managing Director Susan Anderson outlines what Estée Lauder and...

finance.yahoo.com

you go girl........................



she was up an additional $8 at one point this morning