This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, January 18, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Goldman Sachs’ (GS) quarterly results posted Tuesday served as the final marker of a year investment bankers won’t soon want to… Source link
Read More »As layoffs ripple across Wall Street, some banks stay in ‘hiring mode’
Some firms across the financial industry are giving workers the boot after dealmaking activity tumbled last year and as a potential recession looms. But the picture among Wall Street’s six biggest banks is mixed when it comes to the scale of these layoffs. And some firms are even adding staff in this environment — as JPMorgan chief Jamie Dimon said last week, his bank is in “hiring mode.” Along with financial results for the fourth quarter, Goldman Sachs (GS) and Morgan Stanley (MS) each… Source link
Read More »Google Says Supreme Court Ruling Could Potentially Upend the Internet – The Wall Street Journal
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Read More »US STOCKS-Nasdaq leads Wall St higher as interest rate worries ease
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Amazon up as Jefferies sees easing costs * Alibaba climbs as Ant Group’s Jack Ma to cede control * Macy’s, Lululemon drop on holiday-quarter warnings * Indexes up: Dow 0.39%, S&P 0.85%, Nasdaq 1.52% (Adds details, updates prices throughout) By Ankika Biswas and Amruta Khandekar Jan 9 (Reuters) – The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon… Source link
Read More »Wall Street reacts to a Goldilocks jobs report
The U.S. economy added 223,000 jobs in December, more than economists expected, while the unemployment rate fell to 3.5%. Job growth has slowed in recent months against a backdrop of higher interest rates, but the labor market remains tight despite the Federal Reserve’s efforts to cool demand for workers that has placed upward pressure on wages and driven up inflation. December’s report showed wage growth cooled slightly, a sign investors perceived may ease the pressure off of Fed officials to… Source link
Read More »Stocks close sharply higher as Nike, consumer sentiment spur Wall Street rebound
U.S. stocks rallied Wednesday as strong earnings from Nike and FedEx, along with upbeat consumer confidence data, lifted sentiment after a recent bout of selling. The S&P 500 (^GSPC) surged 1.5%, while the Dow Jones Industrial Average (^DJI) jumped more than 500 points, or 1.6%. The technology-heavy Nasdaq Composite (^IXIC) also advanced 1.5%. An upbeat gauge of consumer confidence helped raise the mood on Wednesday. The Conference Board’s Consumer Confidence Index rose to 108.3 this month… Source link
Read More »Google Downplays Microsoft Cloud Potential Versus Wall Street; Analyst Disagrees
Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has for years struggled to improve its position in the cloud market versus leaders like Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp (NASDAQ: MSFT). An internal estimate by Google, from a leaked Microsoft document and some extrapolation of other market statistics, indicated Google Cloud believes it’s closer to second place than analysts think, CNBC reports. Google estimated that Microsoft generated under $29 billion in Azure… Source link
Read More »NFL in Advanced Talks With Google's YouTube for 'Sunday Ticket' Rights Deal – WSJ – The Wall Street Journal
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Read More »Stocks rise as Wall Street aims to snap losing streak
U.S. stocks turned higher in volatile trading Tuesday as investors attempted to thwart losses from stretching into a fifth day. A hawkish move by the Bank of Japan to adjust the cap on its 10-year government bond yield rattled markets in early trading, with investors worried aggressive monetary tightening by central banks around the world may cause a global recession. Last week, the U.S. Federal Reserve, European Central Bank, and others raised interest rates. The S&P 500 (^GSPC) inched up… Source link
Read More »Tesla gets slapped with more cautious comments from Wall Street
A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link
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