The Brutalist Report

MarketWatch

• The Ratings Game: Foot Locker cuts staff and another exec departs: ‘Every executive from the 2019 analyst day is now gone,’ analyst says [1201d]
• Chuck Jaffe: ‘Don’t just sit there, do something.’ The stock market is telling you to make some hard decisions with your money now. [1201d]
• Market Extra: Gas prices jump to $3.50 a gallon in January, pose threat to Fed’s inflation fight [1201d]
• The Wall Street Journal: Spotify recovers after second outage this month [1201d]
• : Hasbro plans to lay off 15% of workforce and warns of holiday-season loss [1201d]
• : Marqeta promotes Simon Khalaf from chief product officer to CEO [1201d]
• Earnings Results: Intel stock drops after earnings miss, execs predict quarterly loss to start the year [1201d]
• Earnings Results: Visa rides a wave of spending to an earnings beat [1201d]
• Earnings Results: KLA Corp. stock sinks as outlook disappoints following drop in chip demand [1201d]
• : What investors need to know about Pfizer’s latest downgrade [1202d]
• ETF Wrap: QQQ is bleeding assets, but are ETF investors ‘finally bailing’ on growth stocks just as tech stocks jump in 2023? [1202d]
• Lawrence G. McMillan: The S&P 500 is trying to top 4100, and the odds favor that happening by the end of January. [1202d]
• : Bed Bath & Beyond stock plunges, halted after filing shows default on loans [1202d]
• Personal Finance Daily: The housing market is ‘thawing’ from a ‘months-long freeze,’ Freddie Mac says, as mortgage rates continue their downward trek and Fannie Mae chief economist sees house prices dropping in 2023 and 2024 [1202d]
• Earnings Results: Sherwin-Williams issues big profit and sales warnings, will ‘prepare for the worst’ in 2023 [1202d]
• : LendingClub stock is on track for its biggest percentage drop in a year, as 2023 outlook gets cloudier [1202d]
• Distributed Ledger: Why bitcoin is up 40% in January despite crypto industry carnage. Can the rally continue? [1202d]
• Market Extra: Hedge funds hit with $111 billion in outflows in 2022 as Fed rate hikes rattle investors [1202d]
• : Southwest losses deeper than Wall Street’s dialed-down hopes, marring bright Q4 for airlines [1202d]
• Key Words: Marie Kondo admits she’s ‘kind of given up’ on tidying up after having 3 kids [1202d]
• The Ratings Game: TikTok’s digital ad market share is growing. How will Google and Facebook react? [1202d]
• : AMC CEO Adam Aron touts ‘vote of confidence’ in the company by its bank lenders [1202d]
• The Ratings Game: IBM’s ‘mixed blessing’ of focus on cash flow ‘overshadowed’ revenue gain [1202d]
• Cannabis Watch: FDA says it will not regulate CBD and calls on Congress to act [1202d]
• Earnings Results: McCormick is cutting jobs, starting with ‘voluntary’ retirement followed by ‘involuntary’ layoffs [1202d]
• : This state wants its residents to pay less in retirement tax [1202d]
• Key Words: Actress Julia Fox calls flaunting wealth ‘icky’ in viral tour of her mousy NYC apartment — and fans love it [1202d]
• The Ratings Game: Walmart is making smart moves with Sam’s Club expansion, wage increases, analyst says [1202d]
• Key Words: James Dolan defends facial recognition policy against lawyers who are suing MSG: ‘Please don’t come’ [1202d]
• Cannabis Watch: New York opens new cannabis stores, issues more licenses as illicit stores thrive [1202d]
• Key Words: Inflation will go negative by mid-year, but risk remains as the Fed may keep raising rates, billionaire investor Barry Sternlicht says [1202d]
• The Margin: Food delivery taken to the max or a college prank? Delivery guy interrupts college basketball game [1202d]
• The Ratings Game: SAP plans to lay off 3,000 workers amid tech layoff wave [1202d]
• Economic Report: The housing market is ‘thawing’ from a ‘months-long freeze,’ Freddie Mac says, as mortgage rates continue their downward trek [1202d]
• Financial Crime: Ex-federal investigator lost job after baseball-card addiction led him to moonlight as Amazon and Uber driver [1202d]
• Key Words: Jane Fonda says climate crisis can be blamed on racism: ‘Where would they put the s—? Not Bel Air’ [1202d]
• : Biden to talk about U.S. economy as slowdown in growth expected [1202d]
• : Chipotle to hire 15,000 employees to beef up staff for burrito season [1202d]
• Futures Movers: Oil higher as traders focus on China; natural-gas prices eye lowest finish since April 2021 [1202d]
• Economic Report: Fannie Mae’s chief economist sees house prices falling by 6.7% over the next 2 years. These are the warning signs. [1202d]
• Coronavirus Update: WHO now has data on COVID strain that is dominant in U.S. — and it still seems no more dangerous than other ones [1202d]
• Real Retirement: We retired early and split our lives between Mexico, California and a van — and never looked back [1202d]
• Economic Report: U.S. new home sales rise by 2.3%, despite broader sector weakness [1202d]
• Economic Report: U.S. durable-goods orders jump 5.6% — but the details paint a more dismal picture [1202d]
• Economic Report: U.S. economy grew a sturdy 2.9% at the end of 2022, GDP shows — but don’t look for a repeat soon [1202d]
• The Ratings Game: Tesla stock ready to soar on Thursday, as analysts say latest results may quiet the bears for now [1202d]
• The Moneyist: ‘This has bugged me all my life’: My estranged father gave me $1,000 a month to buy a house in California. My brother said it was unfair, and told me to stop. What would you do? [1202d]
• Economic Report: U.S. trade deficit in goods rebounds in December after narrowing sharply in prior month [1202d]
• Economic Report: U.S. weekly jobless claims fall to lowest level since April [1202d]
• Medill News Service: Debt-limit standoff: Here are the Washington players you need to know about [1202d]
• Cannabis Watch: Curaleaf cutting 10% of staff as it exits three U.S. states [1202d]
• : Google’s U.S. layoffs affect nearly 3,000 employees on both coasts, from data scientists to massage therapists [1202d]
• Earnings Results: Mastercard earnings top expectations amid ‘remarkably resilient’ spending [1202d]
• Market Extra: Charles Schwab blasts NYSE over stock-trading glitch [1202d]
• Metals Stocks: Gold pulls back from 9-month high ahead of GDP report [1202d]
• Need to Know: Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says [1202d]
• Beth Pinsker: ‘It’s driving them crazy’: Trying to get divorced today is a financial mess [1202d]
• Bond Report: Treasury yields rise ahead of big economic data dump [1202d]
• Brett Arends's ROI: Central banks are buying gold at the fastest rate in half a century [1202d]
• NerdWallet: Off-season travel can save you money, but there’s more than just weather data to consider [1202d]
• Next Avenue: This 82-year-old woman ended up traveling alone in France for 3 weeks, and it turned out pretty great [1202d]
• Market Snapshot: U.S. stock futures mostly steady as traders await GDP data, while tech set to rise on Tesla bounce [1202d]
• The Ratings Game: Supply-chain issues will weigh on Airbus and Boeing deliveries this year. Rolls-Royce will benefit, says Deutsche Bank [1202d]
• The Human Cost: Millions of working parents, especially women, are unpaid caregivers. Why doesn’t government data account for their labor? [1202d]
• Dow Jones Newswires: Wizz Air swung to 3Q pretax profit as passenger numbers rose [1202d]
• Dow Jones Newswires: Diageo sees 9.4% jump in organic net sales for first half as prices rise [1202d]
• Dow Jones Newswires: Xiaomi Shares Rise After EV Plans Leak [1202d]
• Dow Jones Newswires: Tate & Lyle sees full-year adjusted profit rising in line with views after revenue boost [1202d]
• Dow Jones Newswires: Volvo Q4 net profit dips to $648.5 million as costs jump. [1202d]
• Dow Jones Newswires: Toyota Motor: Chief Branding Officer Koji Sato to become new chief executive [1202d]
• Dow Jones Newswires: Nokia posts forecast-beating profit of $1.02 billion, expects ‘another year of growth’ [1202d]
• : Apple couldn’t save the smartphone industry from its worst year since 2013 [1202d]
• Dow Jones Newswires: SAP Q4 revenue hits $9.22 billion but job losses loom [1202d]
• Dow Jones Newswires: STMicroelectronics revenue, profit jump on automotive, microcontrollers strength [1202d]
• : GoFundMe campaigns are raising money to help older Walmart workers retire. ‘This is not a feel-good story, this is about the failure of our retirement system.’ [1202d]
• Dow Jones Newswires: South Korea’s economy contracts sequentially in Q4 for first time in 2 years [1202d]
• Outside the Box: An absurd issue needs an absurd solution: Let’s mint a bazillion-dollar coin to end forever the Republicans’ farcical political theater over the debt ceiling [1202d]
• The Wall Street Journal: Meta pays Buzzfeed nearly $10 million to generate content for Facebook, Instagram [1202d]
• Key Words: Suze Orman says ‘most of America today has absolutely no money.’ Here’s where the guru is putting her funds. [1202d]
• Your Digital Self: Bitcoin and crypto are moving past FTX’s collapse, but the road back will be rough [1202d]