Sunday Outlook: Wagner Group Invades Russia + Next Week's Events.
Starting next week, we'll shift to creating helpful videos instead of daily recaps. Follow us on Twitter @Econrecaps for daily recaps. Prigozhin ordered the Wagner Group to take over Russian military bases due to tensions, alleged strikes, and conflicts. Earnings reports next week include Carnival, Jefferies, General Mills, Micron, Mccormick, Paychex, Walgreens, Rite Aid, Nike, and Constellation Brands. Economic reports include durable goods orders, consumer confidence, bank stress testing, jobless claims, GDP growth, PCE index, and Michigan Consumer Sentiment. Watch for our video on finance terms every investor should know. Thanks for listening!
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6/21 Recap: Elon and Zuckerberg FIGHT, Amazon PUMP, Tesla DUMP... what you need to know.
The S&P500 gained 0.37%, led by Amazon's 4.25% rise after investing $100 million in an AI center. Regional banks declined, and Tesla's rating was downgraded. Elon Musk and Mark Zuckerberg joked about a potential cage fight. Short interest on equities exceeded $1 trillion, raising concerns. OceanGate shifted from rescue to recovery in the search for the Titanic submarine. Ford secured a $9.2 billion loan for battery factories. Lucid Motors hit a new all-time low. Citigroup will reprimand non-compliant staff. Jerome Powell hinted at rate hikes and increased capital requirements for big banks.
In this Econ Recaps video, we cover the market's decline, driven by Federal Reserve Chairman Jerome Powell's hawkish testimony. Tech stocks like AMD, Intel, Salesforce, and Qualcomm suffered losses, while Tesla shares plummeted due to waning sales optimism and a downgrade by Barclays. The UK's CPI remained unchanged, raising chances of a rate hike. The FTC filed a complaint against Amazon, and Logitech announced a $1 billion share buyback. Student loan payments will resume in October, potentially impacting discretionary spending. CEOs from major tech companies attend India's Prime Minister's White House dinner. Winnebago's revenues beat expectations. Stay tuned for earnings reports from Accenture, Factset, and Smith & Wesson. Don't forget to watch the previous episode discussing Opengate's missing submarine and subscribe to Econ Recaps for more updates.
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6/20 Recap: Tesla Soars on Rivian Deal, OceanGate's Lost Submarine, Spotify Drops Meghan Markle!
In today's episode, we'll dive into the latest updates that rocked the financial world. Hold on tight as we discuss the S&P 500 taking a dip, but fear not, because Tesla is on fire with a game-changing deal with Rivian! We'll also explore Intel's bold move in Germany and the unfortunate incident involving OceanGate's lost submarine. And that's not all! We'll cover the Johnsonville recall, the leadership shake-up at Alibaba, Paypal's lucrative loan sale, Spotify's surprising decision about Meghan Markle, FedEx's revenue miss, and La Z Boy's impressive earnings beat. Oh, and let's not forget to peek into the upcoming earnings report of Winnebago. Buckle up, folks, because this episode is jam-packed with all the market buzz you need to stay in the know! Don't forget to hit that like button and subscribe to Econ Recaps for more thrilling updates. Let's get started! Cheers!
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6/17 Recap: Meta Platforms JUMPS, COVID Challenges Hotels | Latest News and Earnings Analysis
Good evening investors! Today's market recap: S&P 500 gained 1.2% to $4,425.84. Meta Platforms received a boost, positioned to benefit from AI. Hotel chains faced COVID challenges. Initial jobless claims came in at 262K. Intel set to receive $11B in subsidies. Oracle announced layoffs. Disney CFO stepped down. Kroger beat earnings estimates, but stock declined. Adobe surpassed revenue expectations. Stay tuned for more updates!
Introducing "Econ Recaps," the podcast that delivers quick and informative recaps of the latest economic news and events. Hosted by industry experts, this podcast provides a concise and insightful overview of the most important economic developments of the day.In each episode, we cover the latest economic data releases, policy announcements, and global economic trends, and break down what they mean for businesses, consumers, and investors alike. Whether you're interested in macroeconomic trends or want to stay up-to-date on the latest business news, Econ Recaps has you covered.Our team of experts brings years of experience in economics, finance, and business to provide insightful analysis and commentary on the latest economic developments. Join us every weekday for a quick and informative update on the latest economic news and trends with Econ Recaps
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