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USO

Democratic presidential candidate Robert Kennedy Jr.'s proposal to ban fracking has been criticized by oil analyst Anas Alhajji, who warns that such a move could cause oil prices to spike to $200 per barrel, gasoline prices to $9 per gallon, and natural gas to $9 to $14. Alhajji also warns that a fracking ban could lead to the disappearance of U.S. oil exports, a doubling of oil imports, and a heavy reliance on foreign countries, including Russia and OPEC members. This could weaken the dollar and destroy the U.S. LNG industry.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 12:58 am

BUD

DIS

MAT

NXST

Drew Barrymore has announced that she will not continue with new episodes of her daytime talk show until the WGA and SAG-AFTRA strikes are resolved. This decision has been met with mixed reactions. Meanwhile, Barbie sales were up 25% in July and August, which could have implications for Mattel (NASDAQ:MAT). Discussions about a potential sale of ABC and its TV stations from Walt Disney (NYSE:DIS) to Nexstar Media Group Inc (NASDAQ:NXST) have begun. Bud Light (NYSE:BUD) is also mentioned in the context of a potential Super Bowl ad.

Portfolio Pulse from Anthony Noto

September 17, 2023 | 5:27 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has seen its revenue decline for three consecutive quarters, with a 1.4% drop in the recent quarter. iPhone sales, which account for nearly half of Apple's total earnings, fell by 2.4%. The Chinese government's decision to stop its workers from using iPhones could further impact sales, as nearly 19% of Apple's total sales come from Greater China. However, Apple's services revenue increased by 8% and iPhone sales in emerging markets like India have been strong. Apple plans to launch the Vision Pro virtual reality goggles in 2024.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 4:43 pm

F

GM

STLA

TSLA

The United Auto Workers union has begun a strike against Detroit’s Big Three automakers, demanding a 40% increase in hourly pay over four years, among other benefits. Tesla's CEO Elon Musk and SPAC king Chamath Palihapitiya commented on the situation, suggesting that automation could be a solution. Palihapitiya also noted that hyper-automated and non-unionized competitors like Tesla could benefit from the situation by lowering prices.

Portfolio Pulse from Shanthi Rexaline

September 17, 2023 | 3:07 pm

AAPL

DISH

T

Apple Inc. (AAPL) made several announcements last week, including the launch of iPhone 15 and new products. US wireless carriers AT&T Inc. (T), T-Mobile US Inc., and DISH Network Corp. (DISH) are offering promotions for the new iPhone. Apple also introduced a new USB-C to Lightning Adapter and a discounted MacBook Pro. However, there are concerns about potential damage to the iPhone 15 if charged with an incompatible charger.

Portfolio Pulse from Benzinga Neuro

September 17, 2023 | 2:28 pm

TM

TSLA

Tesla, Inc. (NASDAQ:TSLA) has produced its five-millionth car, a Model 3 manufactured at the Giga Shanghai facility. This milestone was achieved just over six months after the production of the four-millionth vehicle. Tesla is leading the electric vehicle market and aims to deliver 1.8 million units this year. Despite uncertain economic conditions, Tesla has been reducing prices to drive volume, which has triggered a series of price cuts in the industry. Tesla's production efficiency and vertically integrated business allow it to lower prices without significantly impacting margins.

Portfolio Pulse from Shanthi Rexaline

September 17, 2023 | 1:00 pm

F

GM

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

F

GM

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

F

FLWS

GM

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