CWEB, the American multinational media news company, has published its latest roundup of news for October 30, summarizing the important events and highlights from across industries and around the world.
The following are the main highlights as reported in the review:
As investors prepared for a busy week that would include a Federal Reserve rate decision, a jobs report, and Apple’s earnings report, U.S. equities climbed on Monday. With pricing increases helping to boost U.S. same-store sales in the third quarter, McDonald’s reported results that were beyond analyst forecasts, leading to a 2% premarket rise.
As investors seek safety from the ongoing violence between Israel and Hamas and the possibility of a wider crisis in the Middle East, gold and silver prices are higher in early U.S. trading on Monday. Currently, December gold is $5.60 higher at $2,004.10. The price for silver in December was $23.31, up $0.423. Overnight, stock prices in Asia and Europe were inconsistent. The U.S. stock markets are expected to open higher.
Matthew Perry, who starred in Friends, has passed away at the age of 54. On Saturday, the body of actor Matthew Perry was discovered in his home’s hot tub in the Los Angeles region. While playing the witty Chandler Bing on Friends from 1994 to 2004, the Emmy-nominated actor became a household name throughout the world.
Employees at CVS and Walgreens, two of the largest pharmacy chains in the country, will “walkout” again starting on Monday to demand improved working conditions.
Today, the Biden administration is expected to issue an executive order to govern artificial intelligence. The policy is meant to capitalize on the government’s position as a top technology buyer by mandating evaluations of cutting-edge AI models before they can be deployed by federal personnel.
Details on the October 30th online-only release of new Apple products. Many believe the firm will announce the brand-new M3 CPUs for its updated Macs during its “Scary Fast” event, but the company instead plans to surprise the market with something quite different. It has completed the distribution of its M2 chips and is moving on to M3 chips, supposedly constructed using TSMC’s 3nm process, which will result in a speedier and more efficient product.
The US and EU agreed to extend the timeframe for reaching an agreement to curb the production of carbon-heavy steel and aluminum. Tariffs on $3 billion or more in EU exports from the Trump era might be reinstated if an agreement is not reached.
X plans to compete with existing newswires. An internal all-hands meeting at X reveals Elon Musk’s company is planning to double down on the space with a new wire service named XWire, as Instagram Threads and other social media companies lean away from the news. The offering would compete with services like Cison’s PR Newswire, which distributes news releases.
The founder of Lululemon, who suffers from muscular dystrophy, has pledged $100 million to research a treatment. The objective is to overcome the financial “Valley of Death” that plagues many research projects in the pharmaceutical industry.
On Monday, McDonald’s (MCD.N) announced that its profit and sales for the third quarter had topped Wall Street’s expectations, thanks to the success of its new products and the continued demand for its lower-priced burgers and fries from customers who are still battling with rising food costs.
Ad-free Facebook and Instagram are now available via a new premium subscription service, launched today by Meta. The service is offered for €9.99 per month on the web and €12.99 per month on iOS and Android to cover the higher costs associated with those operating systems.
The likes of Denny’s, HSBC, McDonald’s, Pinterest, and SoFi are scheduled to report earnings on Monday.
Tonight is Halloween. The companies AB InBev, BP, Caesars Entertainment, Caterpillar, JetBlue, Match, Pfizer, Shutterstock, and Sonoco are anticipated to report earnings.
Native American Heritage Month officially kicks off on Wednesday. Policy decision by the Federal Reserve. Jobs available starting in September. Airbnb, Allstate, Avis, Cheesecake Factory, Coca-Cola, CVS, DoorDash, Electronic Arts, E.l.f., Estée Lauder, Eventbrite, Garmin, Kraft, MetLife, Mondelez, PayPal, Qualcomm, Roku, Toyota, Wayfair, Wingstop, Yum Brands, and Zillow are forecasted to report earnings.
Apple, Block, Cigna, Cloudflare, Coinbase, ConocoPhillips, Crocs, DraftKings, Dropbox, Expedia, Ferrari, Gannett, Hyatt, Live Nation, Marriott International, Moderna, Molson Coors, Palantir, Papa John’s, Redfin, Shake Shack, Shell, Shopify, Starbucks, Subaru, Sweetgreen, Wendy’s, and Yelp are scheduled to release their quarterly results on Thursday.
On Friday, we’ll learn October’s unemployment rate. In terms of profits, BMW and Cinemark are anticipated.
Stocks to watch with positive momentum and Buy Rating:
SNDL Group (SNDL), Groupon (GRPN), Chase Bank (JPM), Microsoft (MSFT), GOOGL, Apple (AAPL), Pay Pal (PYPL), Walmart (WMT), Amazon (AMZN), Facebook (META), Carnival Corporation (CCL), PepsiCo (PEP), Wells Fargo (WFC), Johnson & Johnson (JNJ), Philip Morris International (PM)SNAP INC (SNAP), Exxon Mobil (XOM), Chevron (CVX)
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Read the newsletter online: https://www.cweb.com/cweb-news-summarized-breaking-business-and-stock-newsletter-october-30-2023/
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