What to watch in the markets: Friday, November 8
In this article:
Yahoo Finance's Myles Udland with a look-ahead of what will be making headlines tomorrow.
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Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
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Fortune•Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. CEO Robert Jordan said the airline was reacting quickly “to address our financial underperformance," including by slowing down hiring and asking employees to take time off.
Associated Press Finance•$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•Stock market today: US stocks tumble after Meta's reality check, soft GDP print
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
Yahoo Finance•The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
This growth ETF has nicely outperformed the S&P 500 since its inception.
Motley Fool•Here Are My Top 5 Dividend Kings to Buy Right Now
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Motley Fool•Southwest to Exit Four Airports as Boeing’s Problems Ripple Through Industry
Its adjusted quarterly loss was worse than expected despite record operating revenue fueled by strong travel demand.
The Wall Street Journal•China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
Motley Fool•Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap
(Bloomberg) -- Wall Street was rattled by data that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to
Bloomberg•