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STLA

Last week's economic events included potential policy shifts, looming labor strikes, and mounting inflation concerns. Speculations arose about the Federal Reserve's inflation target, potential repercussions from a United Auto Workers strike, a surge in producer prices, massive losses for the Federal Reserve, and falling US incomes. A potential strike by the United Auto Workers against General Motors Co., Ford Motor Co., and Stellantis NV could cost the US economy billions. The Federal Reserve has reportedly incurred over $100 billion in losses.

Portfolio Pulse from Benzinga Neuro

September 17, 2023 | 9:02 am

STLA

The United Auto Workers (UAW) strike has led to temporary layoffs of non-striking employees at Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM). The strike, initiated by UAW against GM, Ford, and Stellantis NV (NYSE:STLA), saw nearly 13,000 workers leaving their positions. Ford and GM have announced plans for layoffs, while Stellantis has yet to announce any layoffs.

Portfolio Pulse from Benzinga Neuro

September 17, 2023 | 5:18 am

ARM

FLWS

STLA

Barron's has covered several stories over the weekend, including the United Auto Workers' strike against Ford Motor Co, General Motors Co, and Stellantis NV, the trajectory of chipmaker Arm Holdings Plc, and the stock purchases by executives of 1-800-FLOWERS.COM Inc. Additionally, Goldman Sachs' chief investment officer of wealth management discussed the U.S.' recession outlook, China's struggling economy, and why the S&P 500 Index is still a solid choice for investors.

Portfolio Pulse from Justin Chan

September 17, 2023 | 2:17 am

TIP

Nobel laureate Paul Krugman has reiterated his stance that the U.S. is experiencing disinflation, using a video clip of Donald Trump's speech as an example. Krugman also criticized 'disinflation deniers' who refuse to believe inflation is decreasing. He shared a St. Louis Federal Reserve’s inflation chart based on data from the U.S. Bureau of Labor Statistics to support his argument. The iShares TIPS Bond ETF (NYSE:TIP) ended Friday’s session down 0.25% at $105.11.

Portfolio Pulse from Shanthi Rexaline

September 16, 2023 | 9:46 pm

STLA

TSLA

Chamath Palihapitiya, known as the SPAC King, has commented on the ongoing United Auto Workers’ union strike affecting Ford Motor Co., General Motors Corp., and Stellantis N.V. He believes that if the labor deal goes through, it will 'destroy the legacy OEM automakers'. He predicts that the automakers will 'bleed money' and face difficulties raising long-term capital. He also suggests that Tesla could benefit from this situation by aggressively lowering prices.

Portfolio Pulse from Shanthi Rexaline

September 16, 2023 | 8:22 pm

LEN

First-time homebuyers accounted for 32% of homebuilders' net sales this year, despite a turbulent housing market and high mortgage rates, according to John Burns Research & Consulting. Many are opting for smaller spaces, fixer-uppers, or new single-family homes. The tiny-home movement is also gaining traction, with the Global Tiny Homes Market experiencing significant growth. Additionally, intergenerational financial support is increasing. This news comes as Lennar Corporation (NYSE:LEN), a leading homebuilder, reported Q3 beats on earnings and revenue, with a 37% gain in new home orders.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 7:12 pm

USO

Economist Peter Schiff warns that inflationary pressure is not yet contained and is likely to continue due to high US national debt and increasing energy consumption. He notes that bond yields and oil prices are likely to continue rising. The US national debt is about $33 trillion and the country has been living beyond its means since 2001. High oil prices could push up inflation. The United States Oil Fund, LP (NYSE:USO) ended Friday’s session up 0.21% at $81.29.

Portfolio Pulse from Shanthi Rexaline

September 16, 2023 | 5:45 pm

AMZN

WMT

TikTok, owned by ByteDance, is launching a month-long discount spree on its newly launched marketplace Shop, offering up to 50% discounts to compete with Amazon and Walmart during the holiday season. The company aims to achieve $20 billion in global merchandise sales this year. TikTok's marketplace allows select users to tag and sell products directly through their videos. Amazon's and Walmart's Black Friday sales are expected to kick off on Thanksgiving Day and run through Nov. 24.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 4:53 pm

ADAUSD

BTCUSD

DOGEUSD

ETHUSD

August was the worst month for Bitcoin (BTC) since November 2022, with over $1 billion erased from the crypto market. Bitcoin and Ethereum (ETH) saw a 9.3% and 11% drop respectively in the past 30 days. Venture Capital investments also narrowed by 42.7% in August from July levels. Despite this, September has seen Bitcoin trading at positive levels, with analysts predicting a bullish run if U.S. regulators approve a Bitcoin spot price ETF in the upcoming months.

Portfolio Pulse from Khyathi Dalal

September 16, 2023 | 4:17 pm

DIA

SPY

The article reflects on the 15th anniversary of Lehman Brothers' bankruptcy and its impact on the stock market. It also discusses the performance of investments in SPDR S&P 500 ETF Trust (SPY) and SPDR Dow Jones Industrial Average ETF Trust (DIA) since the bankruptcy. A $1,000 investment in SPY in 2008 would be worth $4,944.69 today, a return of +394.5%. Similarly, a $1,000 investment in DIA would be worth $4,458.52 today, a return of +345.9%.

Portfolio Pulse from Chris Katje

September 16, 2023 | 1:57 pm