India to leap to third largest economy by 2030

Beautiful and colorful aerial view of Mumbai skyline during twilight as seen from Currey Road on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India is set to overtake Japan and Germany to become the world’s third largest economy, according to S&P Global and Morgan Stanley. S&P’s forecast is … Read more

What were Elon Musk’s lenders thinking?

When Elon Musk sought funding for his bid to take over Twitter earlier this year, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks, including Bank of America and Barclays, which pledged to lend Musk $13 billion. The whole … Read more

After this week’s big market rally, here’s a quick update on all 32 stocks in our portfolio

After a historic stock market rally on Thursday, the best single-session gain in more than two years, we wanted to provide members with a quick update on our current thoughts on all 32 stocks held in Jim Cramer’s Charitable Trust, which we use as wallet of our Club. Apple (AAPL): own it, do not trade … Read more

Lyft, Tripadvisor, Take-Two Interactive, and more

Check out the companies making headlines in midday trading. Lyft – Lyft stock plunged 22.9% after the company’s earnings report showed mixed results last quarter. The rideshare company reported adjusted earnings per share of 10 cents, more than analysts’ expectations of 7 cents, but revenues fell short of Street’s forecast, coming in at $ 1.05 … Read more

The Twitter takeover of Elon Musk is close at hand as banks begin to turn over $ 13 billion in cash

Banks began sending $ 13 billion in cash in support of Elon Musk’s acquisition of Twitter Inc., TWTR 1.08% According to people familiar with the matter, the latest sign of the $ 44 billion deal for the social media company is on track to close by the end of the week after months of twists … Read more

JPMorgan President Daniel Pinto says recession is likely and markets could drop further as Fed hikes rates

Daniel Pinto, co-chair and chief operating officer of JPMorgan Chase & Co., speaks at the Institute of International Finance (IIF) annual meeting in Washington, DC, October 18, 2019. Al Drago | Bloomberg | Getty Images JPMorgan Chase President Daniel Pinto has vivid memories of what life is like when a country loses control of inflation. … Read more

Daily traders go back to their daily jobs as the stock market goes into slump

The pandemic day trading boom has failed. A fainting stock market and high inflation have undermined the enthusiasm of individual investors to buy and sell shares. This has been shown in earnings reports and financial information from some of the largest retail brokers over the past few weeks. The average daily number of retail operations … Read more

Elon Musk’s Twitter acquisition debt will be held by banks amid turbulent markets

Banks that pledged to finance Elon Musk’s acquisition of Twitter Inc. plan to hold all $ 13 billion of debt in support of the deal rather than syndicating it, according to people familiar with. the issue, in another blow to a market that serves as a crucial source of corporate finance. Twitter may have the … Read more

Wild stock market swings focus earnings as inflation crushes Fed “pivot” hopes

Unstoppable inflation has dashed hopes of a swift move away from the Federal Reserve’s aggressive interest rate hikes, which in turn is undermining U.S. corporate earnings prospects for 2023 and fueling debate over the impending major crisis. financial. The warmer-than-expected September Consumer Price Index report, which included the seventh consecutive annual inflation rate above 8%, … Read more

The week under review, the week ahead – October 14, 2022

It’s been another wild week of trading on Wall Street. Shares fell on Friday, with all three major averages returning gains from Thursday’s strong rally. The Nasdaq and S&P 500 ended the week lower, while the Dow Jones Industrial Average managed to rise slightly. The engine of the price action was the same as it … Read more