Tuesday, February 21, 2023

The job market is making traders' heads explode

The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street's expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon.
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The job market is making traders' heads explode
The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street's expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon. Read more »
 
World Bank President David Malpass to step down early
World Bank President David Malpass plans to step down a year before his term is set to end, the organization announced Wednesday. Read more »
 
Stanford scholars co-signed Sam Bankman-Fried's $250 million bond
A federal judge released the names of two people who co-signed Sam Bankman-Fried's $250 million bond, which allowed him to be released on house arrest while he awaits trial on federal fraud and conspiracy charges. Read more »
 
Charlie Munger still likes big banks and hates crypto
Charlie Munger, the 99-year-old vice chairman of Berkshire Hathaway and longtime friend and business associate of Warren Buffett, said that he's still a fan of many big bank stocks, even as Berkshire Hathaway has trimmed its top financial holdings. He also stepped up his long-time criticism of cryptocurrencies. Read more »
 
Elon Musk donated $1.9 billion of Tesla stock to charity last year
Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares worth about $1.9 billion at the time they were donated. Read more »
 
Barclays shares plunge 10% as profit falls
Shares of Barclays tumbled nearly 10% Wednesday after the British bank reported a sharp drop in profit, driven by increased provisions for bad debts and huge fines for wrongly sold securities in the United States. Read more »
 
 
 
 
Dow Nasdaq S&P
-697.10   -294.97   -81.75
33,129.59   11,492.30   3,997.34
-2.06%   -2.50%   -2.00%
YTD -0.05%   YTD +9.80%   YTD +4.11%
 
Biggest Winners
General Mills Inc +4.42%
 
Organon & Co +3.92%
 
Molson Coors Beverage Co +3.13%
 
Freeport-McMoRan Inc +2.20%
Biggest Losers
Generac Holdings Inc -8.68%
 
Lumen Technologies Inc -7.12%
 
Home Depot Inc -7.06%
 
Lincoln National Corp -6.33%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $76.15 -0.40 / -0.52%
Gold $1,844.00 -6.20 / -0.34%
10-yr 3.95% +0.13
Euro $1.06 -0.00 / -0.31%
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