The latest market news & Insights
NVIDIA Shares Decline as Pledge to OpenAI Investment Undergoes Scrutiny
NVIDIA shares fell early Monday as investors considered the company’s plan to make a large investment in OpenAI, the maker of ChatGPT. The stock dropped 2.3% to $186.81 in morning trading. Focus has shifted to the relationship between Nvidia and OpenAI after a report on Friday said talks for Nvidia to invest up to $100 […]
Market Insights
American Airlines Delivers First Profit Since the Start of the Pandemic
Ticker Symbol: AAL American Airlines, the largest U.S. airline company, reported second-quarter results this morning that largely met consensus estimates. Airlines were one of the hardest hit industries during the COVID pandemic, with global lockdowns and quarantine having a significant impact on revenue and profitability. Most flights were grounded during the initial months of the […]
Netflix Shares Jump After Reporting Lower Subscriber Losses Than Expected
Ticker Symbol: NFLX Netflix shares are up 7% in after-hours trading after the company said it lost less than 1 million subscribers in the second quarter of fiscal 2022. Wall Street analysts on average had been expecting the company to lose 2 million subscribers during the quarter. Netflix is the largest subscription media company in […]
Bitcoin Jumps 2% to $24,000 Up 20% Over Past Week
Ticker Symbol: BTC, ETH The Bitcoin/USD exchange rate rose 2% in the morning trading session to take the cryptocurrency above the $24,000 level. Ethereum also rose 2% to last exchange hands at $1,600. Both cryptocurrencies have surged from a year-to-date bottom hit earlier in the year. Bitcoin prices are up 20%, while Ethereum prices are […]
Halliburton Shares Climb After Company Posts Biggest Profit Since 2018
Ticker Symbol: HAL Shares in oil services and drilling provider Halliburton are up almost 2% in the morning trading session after the company posted strong earnings in its second-quarter earnings report. Shares are up over 27.5% on a year-to-date basis, handily outperforming the 19% drop in the S&P 500. The quarterly results were also the […]
Citi Shares Pop as Bank Beats on Earnings
Ticker Symbol: C Citibank, one of the largest global banks, reported its second quarter financial report today. The results beat earnings expectations that bucked the trend across the large U.S. banks that have reported earnings so far. J.P. Morgan, Morgan Stanley, and Wells Fargo, the other large globally systemically important banks, all missed Wall Street’s […]
Morgan Stanley Misses on Revenue and Earnings, Shares Decline
Ticker Symbol: MS Morgan Stanley reported second-quarter earnings today that missed average analyst estimates in most categories. The large investment bank has faced challenges due to a global capital market slump that has impacted deal-making, sales and trading, and asset management. The company also booked a $200 million fine due to the unapproved use of […]
U.S. Inflation Exceeds Expectations Again in Blow to Markets
Inflation in the United States, as measured by the Consumer Price Index (CPI), advanced 9.1% from the year-earlier period in June. This was a new high after May’s reading of 8.6%. The number was more than analysts’ forecasts for the headline number to come in at 8.8%. Worryingly, core inflation, which is the headline number […]
PepsiCo Shares Up on Beat and Raised Outlook
Ticker Symbol: PEP Shares in carbonated drinks and snacks manufacturer PepsiCo are up slightly this morning after the company beat its revenue and earnings estimates for the second quarter and raised its outlook for the fiscal year. The company’s management also said that demand for its products remains robust despite rising prices and a broader […]
Twitter Shares Plunge as Elon Musk Reneges on Deal
Ticker Symbol: TWTR The shares of social media giant company Twitter are down over 7% in this morning’s trading session after the deal the company struck with the Chief Operating Officer of Tesla, Elon Musk, fell through. Musk had made a bid to purchase the company for approximately $44 billion, or $54.20 a share in […]
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