Federal Reserve Board Chairman Jerome Powell raised questions after the Federal Reserve raised its target interest rate by three-quarters of a percent to halt a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee. (FOMC) in Washington, June 15, 2022.
Elizabeth Frantz | Reuters
Here are the most important news that investors need to start their trading day:
This will happen biggest week ever The current earnings season with about a third of the companies in the S&P 500 due for the report. Investors are also watching what the Fed says during its meeting on Tuesday and Wednesday. Markets are expecting another 75-basis-point increase from central bank policymakers as inflation remains high, while some observers think it may well peak. Here are some of the leading companies set to report quarterly results this week:
- Tuesday: McDonald’s, Coca-Cola, General Motors (before the bell); Alphabet, Microsoft (after the bell)
- Wednesday: Boeing (before the bell); Ford, Meta, Qualcomm (after the bell)
- Thursday: Comcast (before the bell); Apple, Amazon (after the bell)
- Friday: ExxonMobil, Chevron, Procter & Gamble (before the bell)
Traders on the floor of the NYSE, July 21, 2022.
american stock market positive open signal on monday, Last week, the S&P 500, the Nasdaq and the Dow all ended in the green, while Fridays were down in large parts. crackdisappointing earnings report. Investors are looking for a bottom after the first half for stocks, and earnings season, while it hasn’t been great, has been pretty good for investors. So far, nearly 70% of S&P 500 companies have reported earnings that topped analysts’ expectations, according to FactSet.
GM Chair and CEO Mary Barra addresses investors at GM Tech Center on October 6, 2021 in Warren, Michigan.
Photo by Steve Fetch for General Motors
General Motors is set to report earnings on Tuesday, and investors will be looking for signs that the Detroit automaker is making progress in its quest to go all-electric. So far, GM, like its legacy rivals, lags far behind Elon Musk’s Tesla. Yet while Tesla’s market share is expected to continue to decline in the US as competitors ramp up EV production, GM has lagged behind other rivals as well. Crosstown rival Ford expanded its share this year, as did South Korea’s Hyundai, while GM’s declined. CEO Mary Barra, however, is adamant, “Nobody will have as many vehicles as we have by 2025,” he told CNBC’s Michael Welland earlier this year.
A photo taken on July 15, 2022 shows a wheat field near Mariupol in the Donetsk region, amid ongoing Russian military action in Ukraine.
stringer | AFP | Getty Images
The world is concerned about the state of the wheat market after the Russian attack on Ukraine’s port city of Odessa cast doubt on an export deal between the two warring nations last week. The Kremlin said the attack targeted the Ukrainian military, but the timing of the attacks raised the alarm soon after the deal. Wheat futures prices edged higher on Monday morning as investors processed the news, but are overall down significantly since May. Follow live updates about the Russo-Ukraine War Here,
In an epic Friday news dump, Vince McMahon, the longtime head of world Wrestling Entertainmentannounced that he would retire as CEO and chairman of a company he had bought from his father nearly 40 years ago. He stepped away from the chief executive role weeks earlier, handing over the duties to his daughter Stephanie McMahon on an interim basis, as WWE’s board investigates the millions of dollars in payments he allegedly made over the years of sexual misconduct claims. Many women had paid. On Friday, he handed the reins over to Stephanie McMahon, who also became president, and WWE President Nick Khan, who will serve as co-CEO. But even at 76 years old, McMahon is still the largest shareholder in WWE – a point he made in his retirement announcement. Sports media experts see WWE as an acquisition target. Since McMahon wrestling is a central part of the company’s brand and content, it can signal to potential suitors that his distinctive taste of showmanship will be part of any package.
— CNBC’s Patti Dom, Peter Schacnow, Michael Wayland, Matt Clinch and Dan Mangan contributed to this report.