The stock market

[longcast]

Former Home Depot CEO sounds alarm on 'tremendous shift' in labor market

The U.S. economy may be riding out an inflation and job layoff wave, according to former Chrysler and Home Depot CEO Bob Nardelli, who shifted blame away from corporate America.

www.foxbusiness.com

 

[longcast]

Stock market today: US futures point to bounce-back from inflation hit

Calm is returning after hotter-than-expected inflation spooked the market, upending bets on interest-rate cuts.

finance.yahoo.com

 

[longcast]

Stock momentum slams into a wall in S&P 500’s worst CPI day in years

(Bloomberg) -- The S&P 500 Index blew past a series of troubling markers in its relentless rally to 5,000. Now, after Tuesday’s rout, investors are staring at a potentially long way down before they find support.

finance.yahoo.com

 

[longcast]

Hot inflation reading reinforces the Fed's cautious approach to rate cuts in 2024

Fed officials have been warning that more time is needed before rate cuts can begin. Investors are finally listening following a hotter-than-expected inflation reading Tuesday.

finance.yahoo.com

 

[longcast]

US wholesale inflation accelerated in January in latest sign that prices picked up last month

Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated. Should inflation return to the Fed's 2% target, high borrowing rates would likely no longer be deemed necessary.

finance.yahoo.com

 

[longcast]

Stock market today: Stocks wobble after another hot inflation report

Investors are bracing for a potential producer price inflation surprise after the CPI report spooked markets.

finance.yahoo.com

 

[longcast]

Nike to cut about 2% jobs to lower costs as demand weakens

(Reuters) -Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under pressure. Higher rental and interest rates have led customers to cut back spending on high-priced...

finance.yahoo.com

 

[longcast]

January economic data challenges soft landing narrative

Softer-than-expected economic data has provided the first gut check for investors since consensus began embracing a soft landing for the US economy in December.

finance.yahoo.com

 

[longcast]

Stocks Pause Near Record as Traders Await Catalyst: Markets Wrap

(Bloomberg) -- Stocks and US equity futures paused as investors awaited fresh catalysts after a week that saw the S&P 500 breach new records and European equities falling just short of that mark.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsTrump Keeps...

finance.yahoo.com

 

[longcast]

First Paramount, now Apple. Warren Buffett's Berkshire sells shares of tech giant

Berkshire Hathaway dumped a small portion of its Apple shares. The fourth-quarter selloff involved 10 million of the tech giant's stocks, an SEC filing showed.

www.foxbusiness.com

 

[longcast]

They should. Plenty of states willing to host a manufacturing plant. Well, "friendly" at least.

Ford CEO says company will 'think carefully' about where it builds vehicles after UAW strike

Ford CEO Jim Farley says the company is thinking carefully about where it will build future vehicles after it was the first to have a plant shut down as a result of the United Auto Workers strike.

www.foxbusiness.com

 

[longcast]

Wall Street prep shows investors preparing for red wave on Election Day

Wall Street investors say a red wave of President Trump taking the White House and Republicans taking Congress is more likely than a blue wave in November.

www.foxbusiness.com

Wall Street investors are spending the most time preparing for a potential red wave on Election Day, the outcome they see as most likely to cause major changes in the economy.

A blue wave, meanwhile is seen as "less likely," according to investors. Wall Street nevertheless predicts that a widespread Democratic victory could result in more government spending and higher borrowing costs, according to the Times. DUH!

A red wave is seen to be the option that is by far most likely to cause major changes in financial markets, however. The third option, a divided Congress and White House of any combination, is not expected to cause many changes to the market at all.

 

[longcast]

Walmart to acquire Vizio for $2.3B, sales outlook, dividend lift shares

Walmart proposed to buy Vizio for $11.50 per share, a premium of 47% to the company's closing price of $7.82 as of Feb. 12, the day before reports about deal talks emerged.

www.foxbusiness.com

 

[longcast]

Capital One to acquire Discover Financial

Capital One is planning to buy Discover Financial Services that would bring the two large credit card issuers and lenders together, the company announced Monday.

www.foxbusiness.com

 

[longcast]

Stock market today: US futures slide as earnings take center stage

Investors are looking to Walmart earnings to provide insight into consumer resilience, while Nvidia's results loom large.

finance.yahoo.com

 

[longcast]

Nvidia earnings highlight shortened trading week: What to know this week

Nvidia earnings are set to be the next big test for the market rally.

finance.yahoo.com

 

[longcast]

Stock market today: US stocks slip in countdown to Nvidia earnings

Expectations are running high for Nvidia's earnings, seen both as a barometer for the AI trade and as a potential turning point for stocks.

finance.yahoo.com

 

[longcast]

Why Tesla may need 'new blood' on its board to pull off a Delaware exit

A Delaware judge found Tesla’s board wasn't independent enough from Elon Musk. That could make it more difficult to give the CEO what he wants: a new legal home in Texas.

finance.yahoo.com

 

[longcast]

US inflation data for January made Fed's job 'harder,' Barkin says

Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions, Richmond Federal Reserve President Thomas Barkin said on Wednesday. The reports released last week "underline the challenge we have had in...

finance.yahoo.com

 

[longcast]

Nvidia clobbers earnings expectations as AI demand hits ‘tipping point’; stock up 6%

Nvidia’s stock inched higher as the chip company beat expectations with its forecast.

www.marketwatch.com