The stock market

[longcast]

US futures steady as big banks kick off earnings season: Stock market news today

Eyes are on how hard Wall Street's biggest lenders are being hit by higher-for-longer interest rates.

finance.yahoo.com

 

[longcast]

Citigroup profit holds steady as investment banking fees jump

NEW YORK (Reuters) -Citigroup's profit was broadly steady in the third quarter as it benefited from rising interest payments and surging investment banking fees, sending its shares up 3% in premarket trading on Friday. The bank said its recently announced reorganization plan will result in a...

finance.yahoo.com

 

[longcast]

The Fed's next 'rate hike' has already arrived

The Federal Reserve is getting some key help from Treasury yields.

finance.yahoo.com

Another interest-rate increase is creeping its way through the economy. But this time it didn’t come from the Federal Reserve. Spooky season is upon us, and so is the phantom rate hike.

The recent surge in Treasury yields has unleashed an array of anxiety goblins, from fears of a stock market slump to worries about ballooning interest payments on government debt.

But policymakers also see rising yields as a way to slow the economy without having to go through the trouble of raising rates again.

 

[longcast]

‘As big as Saudi Arabia’: the Permian oilman who sold Pioneer to Exxon

Scott Sheffield built the oil company into the biggest producer in Texas

www.ft.com

“We took something people thought was uneconomical and turned it [into] probably the largest oil and gas basin in the world,” Sheffield, 71, told the Financial Times. “When you include all the natural gas and the natural gas liquids with the oil, it’s as big as Saudi Arabia.”

 

[longcast]

Nasdaq sinks, Dow edges up after healthy big bank earnings: Stock market news today

The Dow rose 40 points after JPMorgan and Wells Fargo kicked off earnings season with profit beats.

finance.yahoo.com

 

[longcast]

Netflix stock falls 2% after Wall Street downgrade on growth concerns

Netflix will report earnings on Oct. 18. Wolfe Research downgraded the stock to Peer Perform from Outperform.

finance.yahoo.com

 

[longcast]

Microsoft closes $69 billion takeover of Activision Blizzard

The deal closed Friday after Microsoft cleared a final hurdle from the UK’s Competition and Markets Authority (CMA).

finance.yahoo.com

 

[longcast]

Jamie Dimon warns the Israel-Hamas conflict may upend the economy: ‘This may be the most dangerous time the world has seen in decades’

“Last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships,” Dimon warned.

finance.yahoo.com

 

[longcast]

3 market implications from the Israel-Hamas war

The shocking new war in Israel could affect oil and gasoline prices in 2024, along with President Biden's reelection odds.

finance.yahoo.com

 

[longcast]

Warren Buffett Relies On 8 Stocks Now That Apple Is Crumbling

Warren Buffett's big-time faith in Apple is hurting Berkshire Hathaway now.

www.investors.com

 

[longcast]

Dow futures rise amid Middle-East tensions: Stock market news today

Efforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.

finance.yahoo.com

 

[longcast]

Tesla, Netflix, and banks highlight earnings rush: The week ahead

A slew of corporate earnings will provide investors with a check on the health of corporate America in the week ahead.

finance.yahoo.com

 

[longcast]

Rite Aid Files for Bankruptcy as Debt Load, Opioid Risk Rise

(Bloomberg) -- US pharmacy chain Rite Aid Corp. filed for bankruptcy in an effort to close unprofitable stores, address lawsuits over its role in the opioid pandemic and rework a debt load of roughly $4 billion. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000...

finance.yahoo.com

 

[longcast]

Stocks and Bonds Drift Before Biden’s Israel Visit: Markets Wrap

(Bloomberg) -- Stocks struggled for direction and bonds trimmed a decline as investors kept a close eye on diplomatic efforts to contain the Israel-Hamas war, including a visit to the region by US President Joe Biden planned for Wednesday. Most Read from BloombergIsrael Latest: Blinken Works on...

finance.yahoo.com

 

[longcast]

The Great Reset of Property Prices Is Underway. Brace for More Carnage.

The global financial crisis that began in 2007 reshaped the real estate market. Today, commercial real estate is facing a similar “Great Reset.” Property valuations are resetting, capital availability is restricted, and investment activity is curtailed.

finance.yahoo.com

 

[longcast]

Schwab's Net Interest Revenue Falls 24% After Clients Move Cash

(Bloomberg) -- Charles Schwab Corp. executives said its cash-sorting problems, with clients moving money from the bank into higher-yielding products, are beginning to abate despite persistently elevated interest rates.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over...

finance.yahoo.com

 

[longcast]

Rolls-Royce cutting up to 2,500 jobs to improve efficiency

Rolls-Royce is reducing its global staff by 2,000 to 2,500 employees to create a more agile business, the company, which employs 6,000 Americans, said on Tuesday.

www.foxbusiness.com

 

[wader]

well she had a good day for once - rest of the Market - not so much

 

[longcast]

well she had a good day for once - rest of the Market - not so much.

The market is all over the place. The world is unstable.

 

[longcast]

Nvidia Stock Pulls Back Further After AI Chip Curbs — Is It A Buy?

Nvidia, a giant in data centers and gaming, is supercharging investor interest in artificial intelligence. Is Nvidia stock a buy amid new AI chip curbs? Nvidia leads in artificial intelligence (AI) chips, but competition is rising.

finance.yahoo.com