Daily Shocker Recap of Today Business News September 19, 2023

Daily Shocker Recap of Today Business News September 19, 2023

The US government’s debt has officially reached $33 trillion as lawmakers work to avert a shutdown at the month’s end.
On Monday, the Treasury Department reported that the national debt had reached $33.04 trillion, a rise of $1.58 trillion since the debt ceiling was raised in early June.

Stocks dropped on Tuesday as investors awaited the result of the Federal Reserve’s policy meeting this week. The Dow Jones Industrial Average dropped 297 points (0.9%). The S&P 500 index dropped 0.7%, while the Nasdaq composite index dropped 0.8%.

FTX is suing Sam Bankman-Fried’s parents, who are both professors at Stanford Law School, for alleged theft of company cash.

Over the next decade, The Walt Disney Company will spend $60 billion expanding its theme park, merchandise, and cruise line businesses.

You should update your iPhone. If you don’t feel like shelling out $15 right now, you can still update to iOS 17 on your iPhone. Both real-time voicemail transcription for sorting incoming calls and a new safety feature called Check In were introduced in yesterday’s operating system update.

Peter Oppenheimer, head of macro research for EMEA and chief global equities strategist at Goldman Sachs, claims that Germany is at a worldwide crossroads in terms of problems as the country experiences an economic slump.

The killing of a Sikh activist is being blamed on India in Canada. Canada is investigating “credible allegations” that Indian government agents killed Canadian Sikh separatist activist Hardeep Singh Nijjar in British Columbia in June, as revealed by Prime Minister Justin Trudeau. Trudeau said he and Narendra Modi, his Indian counterpart, talked about it at the G20 summit.

On Monday, Carlyle-backed company Litmus song confirmed months of rumor’s by announcing that Katy Perry has sold her song rights to them for $225 million. Perry’s five studio albums issued between 2008 and 2020 are covered by the agreement, as are the master recordings and publication rights for those albums.

Organic Greek Vitamin Bottles and Multivitamin Gummies

CEO of X, SpaceX, and Tesla Elon Musk recently revealed that starting in June, the firm would charge a membership fee to all users of the service. At a meeting with Israeli Prime Minister Benjamin Netanyahu that was shown live online, Musk said, “We’re moving to having a small monthly payment for use of the system.”

It has been suggested by Mark Cuban that hackers stole $870k worth of cryptocurrency from him because he downloaded a rogue copy of the MetaMask wallet. Despite a number of recent high-profile attacks, crypto-related crime declined in the first half of this year.

The international company Foxconn has recently expanded its operations in India. The Apple supplier is increasing its workforce and investment in the United States by the end of the year as part of its ambitious diversification away from China.

Morgan Stanley is pioneering the use of generative AI on Wall Street. An internal document obtained by CNBC indicates that the bank plans to announce on Monday that the generative AI assistant it built using OpenAI’s newest software is “fully live” for all financial advisors and their support staff.

Prime members can once again take advantage of the massive Amazon (AMZN) sale. On October 10 and 11, 2023, the megastore will hold Amazon Prime Big Deal Days, the second annual sale for Prime members. As is customary, the service’s paying customers get first dibs on the greatest deals. The July Amazon Prime Day served as inspiration for this event.

The world’s largest retailer by sales, Walmart, has said it will be experimenting with ways to merge its customers’ in-store and online interactions. In the metaverse, users can create avatars and interact with one another, travel to new places, learn new things, and take part in a wide variety of activities.

Starbucks has been sued for false advertising related to their Mango Refreshers, the latest fast-food case to hit the courts. U.S. District Judge John Cronan of Manhattan refused Starbucks’ petition to dismiss nine of the eleven claims in the proposed class action because “a significant portion of reasonable consumers” would expect their drinks to contain fruit specified in the names.

Alyssa Henry, CEO of Jack Dorsey’s financial services firm Block, will be leaving at the end of this month. Block said in a regulatory statement on Monday that after more than nine years at Square, CEO Henry will be stepping down on October 2.

Profits due out this week AutoZone (AZO), Endava (DAVA), and Steelcase (SCS) on Tuesday, September 19, 2023.

On September 20, 2023, General Mills (GIS), FedEx (FDX), and KB Home (KBH) will all report their earnings.

Investments in Darden Restaurants (DRI), Flux Power Holdings (FLUX), and Scholastic (SCHL) on September 21, 2023.

DYNT and NTWK are two stocks to watch on September 22, 2023.

Stocks to watch with positive momentum this week and Buy Rating:

Sundial (SNDL), Tesla (TSLA), Groupon (GRPN), Chase Bank (JPM), Microsoft (MSFT)GOOGLeBay, Apple (AAPL), Pay Pal (PYPL)UBS, Walmart (WMT), Amazon (AMZN), Facebook (META), FED EX (FDX), UPS (UPS)

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