The stock market

[longcast]

U.S. holiday hiring could fall to 15-year low this season, expert explains

Amazon (AMZN) announced it will be hiring 250,000 seasonal workers — 30,000 of which will be in California. Retailers, in general, are forecasted to only hire around 410,000 employees over the coming holiday season, a 15-year low.Challenger, Gray & Christmas, Inc. SVP and Head of Sales Andrew...

finance.yahoo.com

 

[Matts]

I sure hope everyone is enjoying this!

The Dow increase from 28,000 to 34,000 or the ARM Holdings IPO?

 

[longcast]

Tesla could be a winner in the UAW strike against Detroit's Big Three

The ongoing United Auto Workers strike against Detroit's Big Three automakers could help non-union Tesla improve its cost advantage over its rivals in the EV space.

www.foxbusiness.com

EV-maker Tesla has long enjoyed a cost advantage over the Big Three – Ford, General Motors, Stellantis – in part because it lacks the overhead that comes from the wages and benefits paid to unionized workers.

A note from analysts at Wedbush Securities published on Friday, when the strike began, highlighted the predicament facing Ford CEO Jim Farley and GM CEO Mary Barra in particular.

"Our worry is this could be a long and nasty strike which would be an absolute debacle for the Detroit Three. Take this UAW deal on the table and the business models in Detroit are not sustainable/profitable… a very frustrating quagmire situation as Barra and Farley have done a good job transforming the stalwarts" to compete in the EV space, the analysts wrote.

 

[longcast]

Fed likely to skip an interest rate hike, but high mortgage rates could be here to stay

The Federal Reserve is expected to hold interest rates steady on Wednesday, but the decision may have minimal impact on bringing down high mortgage rates.

www.foxbusiness.com

 

[longcast]

No worries, transitory. Now they are starting to talk about 2026?

Interest rates staying 'higher for longer' means at least through 2026 for the Fed

The Fed kept rates steady on Wednesday but suggested a less friendly outlook for investors betting on the central bank starting to back off its efforts to bring inflation down.

finance.yahoo.com

 

[longcast]

Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news today

US stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.

finance.yahoo.com

 

[longcast]

European Stocks Slip as Worries Over Rates Linger: Markets Wrap

(Bloomberg) -- European stocks declined and US equity futures pared gains as the prospect that central banks will keep interest rates high to fight inflation hurt sentiment.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls...

finance.yahoo.com

 

[longcast]

Activision nears Microsoft offer price as UK approval in sight

As the $69 billion deal between Microsoft Corp. and Activision Blizzard Inc. looks ever more likely to win approval in the UK, the gap between the video-game maker’s stock price and takeover offer is narrowing.

finance.yahoo.com

 

[longcast]

Stocks Are Nosediving. Here’s How Far They Could Fall.

The S&P 500's monthslong drop turned into a nosedive in the past week. The index could tumble 7% to 4075.

finance.yahoo.com

 

[Snapprhead27]

Was thinking of buying some VOO stock

 

[longcast]

Bank of America lifts S&P 500 2023-end target by 7%, led by 'old economy' stocks

BofA Global Research said on Wednesday it expects the S&P 500 to end 2023 nearly 7% higher than it previously forecast, and that "old economy" stocks on the blue-chip index could benefit as much, if not more, over their new-age tech peers.

www.reuters.com

 

[cany]

Was thinking of buying some VOO stock

Pricey one

 

[Snapprhead27]

Pricey one

Yes. But it invests in the S&P.

 

[longcast]

Rite Aid to close hundreds of stores in bankruptcy: report

Retail pharmacy Rite Aid is reportedly in talks to close as many as 500 stores as the Philadelphia-based company plans to file for Chapter 11 bankruptcy, according to a report.

www.foxbusiness.com

 

[wader]

Rite Aid to close hundreds of stores in bankruptcy: report

Retail pharmacy Rite Aid is reportedly in talks to close as many as 500 stores as the Philadelphia-based company plans to file for Chapter 11 bankruptcy, according to a report.

www.foxbusiness.com

they've been slowly withering on the vine for quite awhile now................

 

[longcast]

they've been slowly withering on the vine for quite awhile now................

Actually its the lawsuits. Smart move.

 

[longcast]

Fed’s Wall of Worry: Government shutdown, UAW strike, student loan repayments and $90 oil

While the Federal Reserve has been busy battling inflation, a new crop of headwinds have emerged that could spell trouble for the U.S. economy

www.foxbusiness.com

 

[longcast]

Stocks struggle to shake off Fed rate worries: Stock market news today

Wall Street stocks struggled to advance on Monday, as the Federal Reserve's "higher for longer" interest rate strategy continued to pile on pressure as a US government shutdown loomed.

finance.yahoo.com

 

[longcast]

Labor strikes, inflation, and Nike earnings: What to know this week

A stacked calendar with inflation data and updates on several macro economic headwinds awaits investors in the week ahead.

finance.yahoo.com

After a hawkish outlook from the Federal Reserve sent stocks tumbling last week, the news onslaught is expected to continue in the week ahead.

Updates on labor strikes, a fresh read on the Fed's preferred inflation gauge and earnings from Costco (COST) and Nike (NKE) await investors.

The Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation indicator, out Friday morning will be the week's biggest economic data release. Tuesday and Friday will bring consumer sentiment checks from the Conference Board and the University of Michigan, respectively, while housing data and an update on quarterly economic growth also dot the schedule.

On the earnings side, along with results from Nike, Carnival (CCL), Costco, and Micron (MU) will be key highlights.

Elsewhere in corporate news, two labor disputes are ongoing as the United Auto Workers (UAW) strike enters its third week without a deal, and talks have heated up between Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) amid a four-month long work stoppage.

 

[longcast]

Stocks Flash Recession Warning as Trouble Spreads to Industrials

(Bloomberg) -- US small-cap and industrial stocks are dropping, typically signals of a recession, but in a year where equities have already beaten expectations some investors are dismissing the moves as little more than noise — for now.Most Read from BloombergIndians Have Five Days to Deposit $3...

finance.yahoo.com