Daily Synopsis 11/16/2022
Market RecapUS Markets: DOW -0.12%, S&P -0.83%, NASDAQ -1.54%.Walmart shares rose after revenue beat expectations, however, earnings fell short as the company paid ~$3.1B in opioid settlement to respective municipalities.Berkshire Hathaway acquired $4.1B stake in chipmaker TSMC, position falls into Buffet’s top 10 largest holdings.Household debt has reached a record $16.5T.Mortgage balances are largest contributor.Credit card debt is up 15% y/y.Auto loans 5.6% y/y.Big Tech companies are cutti...
Daily Synopsis 11/16/2022
Market RecapUS Markets: DOW -0.12%, S&P -0.83%, NASDAQ -1.54%.Walmart shares rose after revenue beat expectations, however, earnings fell short as the company paid ~$3.1B in opioid settlement to respective municipalities.Berkshire Hathaway acquired $4.1B stake in chipmaker TSMC, position falls into Buffet’s top 10 largest holdings.Household debt has reached a record $16.5T.Mortgage balances are largest contributor.Credit card debt is up 15% y/y.Auto loans 5.6% y/y.Big Tech companies are cutti...
