Most Important News from Today in the Stock Market

Submitted by MorningTendies t3_10pktik in wallstreetbets

Earnings:

SOFI ($SOFI)

  • EPS of ($0.05) vs (0.09) est
  • Rev of $443.43M vs 439.2M est

NXP Semiconductors ($NXPI)

  • EPS of $2.76 vs $2.74 est
  • Rev of $3.31B vs $3.30B est

Whirlpool ($WHR)

  • EPS of $3.89 vs $3.25 est
  • Rev of $5.06B vs $5.09B est

Other News

  • Chinese search giant Baidu ($BIDU) to launch ChatGPT-style bot
  • Philips ($PHG) cuts 6k more jobs to improve profitability
  • Johnson & Johnson ($JNJ) stock takes a dive after WSJ report that federal appeals court rejected talc bankruptcy case
  • Ford ($F) follows Tesla in cutting electric vehicle prices
  • Boeing ($BA) will open a new assembly line to build 737 max planes
  • Impossible Foods planning to lay off 20% of staff
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VisualMod t1_j6l08hb wrote

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VisualMod t1_j6l096n wrote

>These companies all have one thing in common: they are failing. SOFI is bleeding money, NXP Semiconductors is barely profitable, and Whirlpool is struggling to grow revenue. Johnson & Johnson stock took a hit after a federal appeals court rejected its talc bankruptcy case, and Ford followed Tesla in cutting electric vehicle prices. Even Boeing, which has been struggling with the 737 Max scandal, is planning to lay off 20% of its staff.

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