What to watch this week — Tesla price cuts, JetBlue-Spirit merger, Fed Chair Pow...
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What to watch this week — Tesla price cuts, JetBlue-Spirit merger, Fed Chair Powell’s testimony
What to watch this week — Tesla price cuts, JetBlue-Spirit merger, Fed Chair Powell’s testimony
Yahoo Finance Live co-hosts Seana Smith and Dave Briggs break down the top headlines from today and what to pay attention to throughout the rest of the week.
Yahoo Finance Live co-hosts Seana Smith and Dave Briggs break down the top headlines from today and what to pay attention to throughout the rest of the week.
BloombergUS Jobs Report and Powell Testimony Take Center Stage
(Bloomberg) -- US job growth probably moderated last month after a blistering January pace, while the unemployment rate likely held at a 53-year low, illustrating a labor market that’s proved mostly impervious to the Federal Reserve’s massive interest-rate hikes.Most Read from BloombergMortgage Lenders Are Selling Homebuyers a LieHolding Cash Will Be a Winning Strategy in 2023, Investors SayWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceChina’s Cautious Growth Target Limits Help
1d ago
ZacksWhy Kroger (KR) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kroger (KR) have what it takes? Let's find out.
10h ago
MarketWatchWhat stock-market investors want to hear when Fed’s Powell testifies before Congress this week
A modest U.S. stock-market recovery from last year’s carnage will be again put to the test this week, as investors closely watch Powell’s testimony to Congress for clues to whether the recent market discussion of interest rates going “higher for longer” is justified.
7h ago
Barrons.comFed’s Powell Faces Congress. The Questions Investors Need Answered.
Federal Reserve Chairman Jerome Powell prepares to face questions on Capitol Hill this week—and investors want answers. Stocks rallied from October through January on hopes that rate hikes would soon pause or even reverse this year. If stock traders could get a crack at Powell, here is what they would probably ask.
16h ago
ReutersJetBlue, Spirit deal faces 'high likelihood' of U.S. lawsuit
WASHINGTON (Reuters) -JetBlue Airways Corp said on Monday it believes there is a "high likelihood" the U.S. Justice Department will file an antitrust lawsuit this week to block its $3.8 billion takeover of low-cost rival Spirit Airlines Inc. JetBlue said in a statement that it accounted for the possibility of a lawsuit when it provided a timeline to close the deal in the first half of 2024. The extended timeline gives the companies time to fight the government in court.The Transportation Department, which is also reviewing the deal, is expected to take parallel action to stop the planned transaction, Bloomberg News reported.
9h ago
Barrons.comSell Intel Stock. The Chip Maker’s Business Model Makes No Sense, Says Analyst.
The company's plan to to turn itself around by building up its third-party chip-manufacturing business faces serious obstacles, BofA Global Research says.
6h ago
TheStreet.comBoeing's CEO Forfeited $7 Million in 2022 — And Earned This Much Instead
As a recession looms, exorbitant executive salaries can generate both public resentment and strife between investors and the company -- the nearly $18 million that Bath & Body Works paid board chair Sarah Nash when she stepped in as interim CEO last year was called out by Third Point chief executive Dan Loeb in a shareholder letter demanding corporate overhaul to avoid a proxy fight. When Disney CEO Bob Iger came back to lead the company in a takeover from Bob Chapek, the first question many fans and shareholder had was "what is the pay package?" The answer to that is $1 million annual salary, $1 million bonus and $25 million in stock options annually for the two-year contract ending at the end of 2024. According to forms filed with the Securities and Exchange Commission on Friday, Boeing CEO David Calhoun earned $22.5 million in his role for 2022 but did not receive the $7 million bonus that was conditional on certain goals: including getting the new 777X planes running by the end of 2023.
7h ago
Yahoo FinanceTesla slashes prices of high-end Model S and Model X EVs
Tesla is bringing out its price chopper again, this time at the higher end.
11h ago
BloombergSingapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs
(Bloomberg) -- Singapore police said they have begun a probe linked to Terraform Labs Pte, the company co-founded by crypto fugitive Do Kwon.Most Read from BloombergHolding Cash Will Be a Winning Strategy in 2023, Investors SayTesla Slashes Model S and X Prices for the Second Time This YearWorld’s Riskiest Markets Stumble Into Crisis With Dollars ScarceMortgage Lenders Are Selling Homebuyers a LieCredit Suisse Loses One of Its Biggest BackersIn an emailed statement on Monday, the force said “inv
18h ago
AP FinanceTesla price cuts: Flagging demand or tactic to boost sales?
In explaining why Tesla Inc. keeps cutting prices on its electric vehicles, the auto industry is pretty much divided into two camps. On one side are analysts who see an aggressive move by the leading manufacturer of EVs to gobble up sales and market share from its competitors just as they're beginning to bring more vehicles to market. On the other side are critics who argue that with demand for Tesla's older vehicles beginning to wane, the company feels forced to slash prices to attract buyers.
6h ago
ZacksIs Reliance Steel & Aluminum Co. (RS) Stock Outpacing Its Industrial Products Peers This Year?
Here is how Reliance Steel (RS) and Siemens AG (SIEGY) have performed compared to their sector so far this year.
12h ago
CoinDeskBitcoin Continues Trading Sideways at $22.4K as Silvergate Concerns Mount
BTC has traded in a narrow range since it dropped sharply last Thursday as Silvergate’s woes grew increasingly apparent.
4h ago
MarketWatchThe 6% CD has arrived. Should you bite?
Thanks to rapidly rising interest rates, many reputable banks and credit unions are now offering certificates of deposit with impressive rates above 4%. Security Plus Federal Credit Union offers an 11-month, 6% APY CD with a minimum $1,000 deposit and maximum $50,000 deposit to Baltimore City residents. Meanwhile, Frontwave Credit Union offers 6% on an 18-month CD for residents of Riverside, San Bernardino and San Diego Counties, California who can pony up a minimum deposit of $1,000.
16h ago
CoinDeskSEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme
The U.S. Securities and Exchange Commission (SEC) was granted emergency relief by a Florida court on Monday to freeze and appoint a receiver for the assets of Miami-based crypto hedge fund BKCoin and one of its co-founders, Kevin Kang.
9h ago
CoinDeskWhite House Is 'Aware of' Silvergate Situation, Spokeswoman Says
White House Press Secretary Karine Jean-Pierre said the presidential administration is monitoring Silvergate Bank's situation, and said Congress must act.
7h ago
TipRanksGoldman Sachs Sees Over 60% Upside in These 3 Lesser-Known Stocks — Here’s Why They Could Jump
Slow disinflation and a still-strong jobs market have sparked fears the Fed may be readying to pull the trigger on further aggressive rate hikes in an effort to cool off economic activity and bring inflation down. Nevertheless, the overall backdrop of continued growth momentum isn’t necessarily bad for stocks, according to Goldman Sachs strategist Kamakshya Trivedi. “Our overall view is still more consistent with slow disinflation amid some further improvement to global growth. That mix should m
2h ago
ReutersRivian plans to sell $1.3 billion in bonds to shore up capital, shares fall
Rivian Automotive plans to sell bonds worth $1.3 billion, it said on Monday, as weakening demand and lofty costs tighten a cash crunch around electrical vehicle makers. Initial investors will get an option to buy an additional $200 million of the bonds for settlement 13 days after the bonds are issued, Rivian said in a statement. The capital from this offering will help facilitate the launch of Rivian's smaller R2 vehicle family, a Rivian spokesperson told Reuters, adding that convertible debt was "optimal cost of capital versus selling equity at today's levels."
3h ago
BloombergA Nation's Heavily Indebted Consumers Face a Painful Margin Call
(Bloomberg) -- At the height of the Covid-19 pandemic, with his job as a delivery driver bringing plenty of overtime and the cost to borrow at record lows, James Kebe went on a spending spree. He leased a boat and an all-terrain vehicle, and when his bank offered him a bigger line of credit, he maxed it out.Then interest rates started rising at their fastest pace in generations. And because Kebe’s line of credit had a floating rate, his monthly payments soared, too. The cost of his debt has now
13h ago- Zacks
Is NIO Inc. (NIO) a Buy as Wall Street Analysts Look Optimistic?
The average brokerage recommendation (ABR) for NIO Inc. (NIO) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
13h ago 
ZacksTime to Buy Apple, Alphabet, or Amazon Stock for More Upside?
Investors may be wondering if big tech stocks like Apple (AAPL), Alphabet (GOOGL), and Amazon (AMZN) could have extended rallies. Let's see if it's time to buy these tech giants' stocks for 2023 and beyond.
3h ago
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