The golden state of California has been drenched in severe floods and heavy snow, resulting in Moody estimating economic losses of around $5-7 billion. The implications extend across sectors, encompassing residential, commercial, industrial, automobile, and infrastructure assets, but the damage is still coming on. On top of economic implications, Moody predicts that insured losses [...]
In 2023, major strikes and protests against companies were prevalent, followed by significant layoffs at the start of 2024. Significant staff reductions can currently be seen across various industries in the US, including technology, finance, and retail, with giant companies such as Google, Meta, Goldman Sachs, and Dow announcing layoffs in 2023. All the [...]
Treasury yields were supported by another positive US bill auction with the Jan 23rd results. After a tumultuous year, the bond market consistently shows strength with the results of the 52-week bill auction and the 2-year note auction. Although it’s not hitting every news headline, bond auctions are a low-risk investment, so no news [...]
Despite the positive reports from Morgan Stanley and Goldman Sachs, Tuesday was a damp day following Fed Christopher Waller’s comments to approach rate cuts slowly. Rate cuts are always good news, but his speech was not what hopeful investors wanted to hear. After anticipating six cuts in 2024 starting in March, the speech contradicted [...]
Johnson & Johnson (JNJ) is known for baby products and the single-shot COVID-19 vaccine, making it a significant booster if you invested before the pandemic. However, following recent lawsuits, JNJ settled to pay $700 million following an investigation over its baby powder, while the COVID-19 vaccine was discontinued in the US, leading to an [...]
Sticks and stones may break my bones, while an analyst’s rating will move a company, as can be witnessed by Verizon Communication’s (VZ) 2% uptick following Keybanc’s upgrade. Verizon made initial gains at the start of the year after Keybanc upgraded the company to ‘overweight,’ with a bright outlook for the fiscal year of [...]
Apple’s accolades are endless, but its recent legal trouble hurt the stock’s performance despite its far-reaching influence. The company is the first to hit a $3 trillion valuation, it provides endless tech options for consumers, and also owns the title of 2023’s largest company globally. But success didn’t stop the company’s stock (AAPL) from [...]
In a crushing quarter 2 report released yesterday, FedEx (FDX) cut its full-year revenue to $22.2 billion in 2024 from $22.8 billion in 2023. The report caused FedEx to fall 9.8% in the stocks, ruining months of gains. Despite the market’s adverse reaction, nobody can blame a company for cutting costs during high interest [...]
Not even the wildly successful Taylor Swift partnership could lift AMC Entertainment Holdings Inc. from a continual downturn. The most recent event was noted on Tuesday, December 12th, as the company dropped 5% in shares following the completion of its latest equity offering. The offering raised $350 million by selling around 48 million shares [...]
Campbell Soup (CPB) is more than America’s staple soup brand or a famous Andy Warhol painting; The Campbell Soup Company is a potential stock pick. The recent rate hikes and food inflation felt nationwide have made brands such as Campbell Soup a popular alternative for American families, but is that popularity transferring over into [...]
