| | Good morning. | The Fast Five → UPS cuts 12,000 jobs, Judge voids Musk's $55 Billion pay package, Walmart announces 3-for-1 stock split, consumer confidence hits highest level in 2+ years, and PayPal to cut around 2,500 jobs… | Calendar: | Today, 1/31: Fed interest-rate decision, 2:00p ET Friday, 2/2: US unemployment rate, 8:30a ET
| | Your 5-minute briefing for Wednesday, January 31: | | BEFORE THE OPEN |  | As of market close 1/30/2024. |
| Pre-Market: | | | Market Recap: | S&P 500 ended flat; Dow notched seventh record. Eyes on Fed's policy meeting for statement changes. GM and F5 shares rose on strong earnings. Sanmina's stock surged on impressive results. Whirlpool outlook disappoints, shares drop. JetBlue forecasts limited growth, higher costs. Tech giants Microsoft and Alphabet to report. Strong earnings season with most companies beating estimates.
|
|
| | | What we're watching this week: | Today: Boeing (BA) Thursday: Atlassian (TEAM), Honeywell (HON), Meta Platforms (META) Friday: Chevron (CVX), Exxon (XOM)
| Full earnings calendar here |
|
| | | |  | UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs. |
| |  | Process used to grant Musk record $55 billion 'deeply flawed'. Musk says he wants bigger Tesla stake, funding to get to Mars. |
| IMF says global 'soft landing' in sight, lifts 2024 growth outlook (more) Fed in a trust-but-verify moment as inflation falls (more) US is shrinking T-Bill supply at just the right time for investors (more) Consumer confidence hits highest level since December 2021 (more) US home prices hit a new record high in November (more) Evergrande is finished. China's property woes aren't. (more) Walmart announces 3-for-1 stock split as shares hover below all-time high (more) United exec says loss of skills may have contributed to Boeing problems (more) Toyota issues 'do not drive' warning to owners of 50,000 vehicles (more) PayPal to cut around 2,500 jobs as rivals snag market (more) CEOs from Meta, TikTok, Snap, X and Discord head to Congress for kids' online safety hearing (more) Goldman executive departure exposes weak bench (more) 'Big Short' investor Steve Eisman shrugs off warnings on US Deficit, Stocks (more) Billionaire Sternlicht sees $1 trillion loss in office values (more) Scandal-hit trading desk turns into money spinner at Wells Fargo (more) Tom Brady is merging his nutrition and apparel brands with training company Nobull (more)
|
|
| | TOGETHER WITH IBD DIGITAL |
|
| Experience IBD for just $1 — | | Investor's Business Daily has been helping people like you invest better for over 35 years. They've learned what it takes to outperform the market and prosper in any market condition. IBD Digital gives you an edge with one-of-a-kind investing tools and analysis designed for investors at every level. | Try IBD Digital now for one full month and get… | ✅ Unlimited access to IBD Digital across platforms and devices
✅ Access 14 exclusive IBD stock lists
✅.Proprietary investing tools & IBD ratings for 5,000+ stocks
✅ Best-in-class training webinars, podcasts, videos and more | Don't miss out on this limited-time offer you won't find anywhere else. | | - please support our sponsors - |
|
| | | M+A | Investments | Nippon Steel says Japan's 3 megabanks plan $16 bln loan for U.S. Steel acquisition (more) AEI buys industrial facility in Alabama (more) BaseMap, Inc., a GPS hunting, outdoor planning and navigation app, acquired HuntScore, a provider of hunt planning tools and research analytics (more) Accenture (ACN) has completed its acquisition of Navisite, a digital transformation and managed services provider (more) Summit Partners acquires CollisionRight (more) LPFC acquires Northpoint (more) SER Capital Partners, an independent, middle-market private equity firm, received a strategic minority investment from Capricorn Investment Group's Sustainable Investors Fund (more) Arlington invests in Afton Scientific (more) CollisionRight, a provider of automotive collision repair shops in the United States, received an investment from Summit Partners (more)
| VC | Kore.ai, an enterprise conversational and generative AI platform technology company, raised $150M in funding (more) Cour Pharmaceuticals, a clinical-stage biotechnology company, raised approximately $105M Series A funding (more) Inari, a SEEDesign™ company, closed a $103M funding round (more) Portal, a company advancing financial self-sovereignty with technology for access to Bitcoin and diverse cryptocurrency markets, raised $34M in Seed funding (more) Sema4.ai, a startup that brings open-source powered AI to mission-critical enterprise work, raised $30.5M in funding (more) Boston Metal, a metals technology solutions company, raised $20M in Series C2 funding (more) Crux, a sustainable finance technology company, announced today that it has raised $18.2 million in Series A funding (more) Vital Interaction, a healthcare technology company, raised $15M in Series A funding (more) Cultivo, a public benefit corporation that provides an AI-driven science and technology platform, raised $14M in Series A funding (more) Wisedocs, a machine learning SaaS for medical record review, indexing, and summarization, raised $9.5M in Series A funding (more) Roofer.com, a technology company in the roofing industry, raised $7.5M in Seed funding (more) Haven Energy, a climate tech company providing home battery systems, raised $7M in Series A funding (more) Audience Town, a consumer intelligence platform that has advanced data analytics and insights for the real estate industry, raised an additional round of funding of undisclosed amount (more)
| IPO | | Fundraising | Acadian Ventures, an early-stage venture capital firm specializing in the future of work, closed its second fund, at $30M (more)
|
|
| | | | Ethereum ETF approval expected in May, standard chartered predicts (more) Jack Dorsey's Block Inc. begins layoffs under previously disclosed plan to cut staff by 10% (more) Vitalik Buterin says developers should 'tread carefully' mixing crypto and AI (more)
|
|
| | | | | | | | | DAILY SHARES |  | zerohedge @zerohedge |  |
| |
UPS workers approve massive new labor deal with big raises: Aug 23, 2023 UPS to cut 12,000 positions: Jan 30, 2024 |  | | | Jan 30, 2024 | | |  | | | 12.7K Likes 2.52K Retweets 421 Replies |
|
| |
| |
| | |
| Know someone who would enjoy this? |
|
| | | What did you think about today's briefing? | |
|
| | | Disclaimer: MarketBriefing is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the MarketBriefing team. |
|
Tidak ada komentar:
Posting Komentar