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Stock Trading Market Observation for September 22nd

September 23, 2021 9:37 am
Today the most market-expected event is the FOMC statement with insights on inflation, economic growth and a breakdown fo individual FOMC member’s interest rate forecasts. In recent previous statements the Fed has expected a below 3.5% PCE increase by the end of the year, despite the “temporary” surge of 3.9%. The S&P500 index just reached […] Read more

Macy’s shares close higher on Wednesday, company to hire 76,000 workers ahead of holiday season

September 23, 2021 7:27 am
Macy’s Inc (M) said earlier this week that it intended to hire nearly 76,000 full-time and part-time workers at its stores, call centers and warehouses ahead of the busy holiday shopping season. The announcement indicated a return to hiring levels from before the coronavirus pandemic. Seasonal hiring plans also indicate retailers’ sales expectations for the […] Read more

J.P. Morgan shares close lower on Friday, banking giant to launch digital bank Chase in the UK this week

September 20, 2021 7:25 am
J.P. Morgan (JPM) intends to launch its long-planned digital retail bank Chase in the United Kingdom this week, according to reports in the media. “This is a very big strategic commitment from the firm’s standpoint,” Sanoke Viswanathan, head of J.P. Morgan’s international consumer division, said in an interview with the Financial Times. “We will spend […] Read more

Skoda to halt Czech production for a week because of chip shortage

September 16, 2021 9:04 pm
Skoda Auto, which is part of the Volkswagen group, plans to stop production at its facilities across the Czech Republic for one week at the end of September because of chip shortages, according to the head of Skoda’s union. Jaroslav Povsik, the head of the company’s union, said in a union newsletter that cancelled shifts […] Read more

AutoNation opens first of two AutoNation USA stores in Denver

September 15, 2021 9:07 pm
AutoNation Inc (AN), the largest automotive retailer in the United States, said earlier this week that it had opened the AutoNation USA Denver 104 store. The latter is the first out of two AutoNation stores in Denver, which the company plans to open this year, and is located at 759 W 104th Avenue, Northglenn, CO […] Read more

Hibbett announces the opening of first Orange County store in Fullerton

September 15, 2021 8:42 am
US premium athleisure and footwear retailer Hibbett Sports, which operates more than 1,000 stores across the country, said earlier this week it had opened the first Orange County, California store in Fullerton. The 6,300 square foot store is located at 1365 S. Harbor Blvd., in the Fullerton Metro Center, while the Grand Opening celebration will […] Read more

Fox Entertainment purchases TMZ from AT&T’s WarnerMedia

September 14, 2021 9:05 pm
According to a report by Reuters, Fox Entertainment has purchased the TMZ entertainment platform and its media assets from AT&T Inc’s WarnerMedia. According to Variety, the deal was valued at about $50 million. As part of the agreement, Fox will own and operate all TMZ-branded media assets, including the syndicated TV shows ‘TMZ’ and ‘TMZ […] Read more

Toyota slashes annual production target due to parts and chips shortages

September 13, 2021 6:38 am
Toyota Motor Corp (7203) said last week that it had revised down its annual production target by 300,000 vehicles due to coronavirus-related output slowdown at parts facilities in Vietnam and Malaysia as well as because of a global shortage of auto chips. The largest auto maker worldwide now projects to manufacture 9 million vehicles during […] Read more