Tuesday, January 24, 2023

WEEK 1 2023 Important Financial News

January 4 2023: 

  • Rivian Says Produced 10,020 Vehicles In Q4 2022
  • GM GENERAL MOTORS TO ADD 5,000 JOBS IN NORTHERN MEXICO
  • MSFT Microsoft And OpenAI Working On ChatGPT-Powered Bing In Challenge To Google
  • Chinese regulators have said e-commerce giant Alibaba’s (BABA) finance affiliate Ant Group can raise $1.5B for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure.
  • CRM Salesforce Inc - On January 4, 2023, Announced A Restructuring Plan salesforce Inc - Estimates That It Will Incur Approximately $1.4 BLN To $2.1 BLN In Charges In Connection With Plan- PLAN INCLUDES A REDUCTION OF CURRENT WORKFORCE BY ABOUT 10%
  • BMW More Than Doubles Fully-Electric Vehicle Sales In 2022
  • MSFT Microsoft to invest in autonomous trucking startup Gatik
  • Qualcomm launches auto chip to handle both assisted driving and entertainment
January 5 2023: 

  • US WEEKLY JOBLESS CLAIMS AT 204,000 LAST WEEK; EST. 225,000
  • ADP RESEARCH INSTITUTE SAYS U.S. ADDED 235,000 JOBS IN DEC.
  • TSLA Tesla Dec China sales 55,796 units vs 100,291 units in Nov.
  • US Mortgage demand slumps 13% as home-loan rates turned higher at the end of a tough 2022
  • U.S. auto sales totaled 13.7 million vehicles in 2022, the lowest figure since 2011 and an 8% decrease from the prior year
  • AMZN Amazon to Lay Off Over 17,000 Workers,
  • T-Mobile Delivers Record Customer Growth, Adding an Expected Industry-Best 6.4 Million Postpaid Customers and 2.0 Million Broadband Customers in 2022
  • Shanghai Disneyland Increasing Ticket Prices Beginning in June 2023
January 6 2023: 

  • US DEC. AVERAGE HOURLY EARNINGS RISE 0.3% M/M; EST. 0.4%
  • US DEC. PAYROLLS INCREASE 223,000; EST. 203,000
  • LUV SOUTHWEST AIRLINES CO - EXPECTS TO REPORT A NET LOSS IN Q4 2022
  • LMT Lockheed Martin secures $139.7M contract and $130.7M modification contract for US Navy
  • RTX Raytheon bags $208.7M Naval Sea Systems contract
  • TESLA MOTORS JAPAN TO CUT PRICES OF MODEL 3, MODEL Y BY AS MUCH AS 9.9%
  • ChargePoint and Mercedes-Benz enhance driver experience with fast charging network in North America
  • COST: today reported net sales of $23.80 billion for the retail month of December, the five weeks ended January 1, 2023, an increase of 7.0 percent from $22.24 billion last year.
  • Iridium, Qualcomm Collaborate to Support Satellite Messaging
  • Buffett-Backed BYD Trounces Tesla as China Reopens; BYD new-energy vehicle deliveries surpassed Tesla’s in 2022
  • Salesforce Inc. division Tableau was hit harder than other units in the company’s largest-ever round of jobs cuts this week.
WEEK 1 2023