Benzinga started a new show on his YouTube channel one week ago. The presentation includes the ten most important events of the previous trading week.
Here are the ten most influential headlines in the stock markets over the past week.
10. Declining Retail Sales: Markets traded lower for the week following a 1.9% drop in retail sales in December. Sales excluding cars and gas fell 2.5% in the last month of last year, the biggest drop since February 2021.
9. Big Banks Report: Friday was an important day for quarterly earnings in the world of banking c. B. Morgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and City Group Company (NYSE: C) All reports. The Big Three banks shifted revenue figures that beat analyst estimates. banking giant American bank (NYSE: BAC) reports quarterly earnings next week, which may continue to draw attention to banking stocks.
8. Fall of Virgin Galactic Shares: space tourism company Virgo Galaxy (NYSE: SPCE) saw its shares fall on news of a proposed convertible bond offering. The company announced that it intends to provide $425 million in convertible bonds maturing in 2027. The special offer will raise funds to help with the company’s working capital while accelerating its spacecraft fleet.
7. AMC CEO Sells Shares: was selling AMC Entertainment Holdings (NYSE: AMC) by CEO Adam Aaron. The sale is marked with an asterisk because it was part of a pre-approved 10b5-1 trading plan.
6. Risks are rising: CPI (Consumer Price Index) Inflation was announced at 7% this week. This represents the highest CPI inflation since 1982 and continues to discuss what can be done to combat the high inflation that the United States is experiencing.
5. Nancy Pelosi ETF: Although it is not an official ETF that investors can buy and sell in the market, there are now Nancy Pelosi ETF. Created by the famous fintwit account unusual whalesThe Nancy Pelosi ETF tracks the transactions of one of the most prominent members of the US Congress. Find out more about why Unusual Whales created the ETF and how Pelosi’s picks performed in an exclusive interview with Benzinga.
4. Tesla accepts Dogecoin: In a move widely expected and begged for, Tesla Corporation (NASDAQ: TSLA) in admissions Dogecoin (CRYPTO: DOGE) as a form of payment for goods on its website. Items included include the Giga Texas Belt Buckle, Cyberquad for Kids, and Cyberwhistle. Items sold out quickly and DOGE shot higher on Friday.
Related Link: How to Buy Dogecoin
3. Tilray Earnings: The cannabis company Tilray Brands, Inc. (NASDAQ: TLRY) reported second-quarter earnings for the week. The company generated $155 million in revenue for the quarter, up 20% year over year. Tilray has stated that it will change its name to Tilray Brands to reflect the transition to a group of cannabis and lifestyle brands. For more information on Tilray’s earnings, check out Benzinga’s exclusive interview with Tilray CEO Erwin Simon.
2. Bitcoin drops: One of the big stories to start the week was the price Bitcoin (CRYPTO: BTC) fell below the $40,000 level on Monday. Bitcoin prices rose later in the week and were trading at $42,930.88 at the time of writing.
1. Zynga acquired by Take-Two: The biggest video game deal ever was announced on Monday Take-Two Interactive. interactive (NASDAQ: TTWO) announced the acquisition of a mobile gaming company Zynga Corporation (NASDAQ: ZNGA). Take-Two will pay $12.7 billion for Zynga, with the deal consisting of $6.36 in TTWO stock and $3.50 in cash. The deal will make Take-Two one of the largest video game companies in the world, with net bookings expected to grow 14% annually over the next three years.
Disclosure: The author is SPCE Stock Long.