Here are the top 10 stock market news stories this week (October 18-24, 2023):
- Alibaba’s tech investments poised to pay off in 2024: Alibaba, the Chinese e-commerce giant, has been investing heavily in new technologies such as cloud computing, artificial intelligence, and logistics automation. These investments are expected to pay off in 2024, as Alibaba benefits from the continued growth of these markets and the synergies between its different businesses.
- Tesla earnings beat expectations: Tesla, the electric vehicle maker, reported earnings that beat expectations this week. The company’s revenue and earnings per share both came in above analyst estimates. Tesla’s earnings were driven by strong demand for its electric vehicles.
- Apple announces new iPhone 15: Apple announced its new iPhone 15 this week. The new iPhone features a number of upgrades, including a faster processor, a better camera system, and a longer-lasting battery. The iPhone 15 is expected to be a popular device, and it is likely to boost Apple’s revenue and profits in the coming year.
- Amazon announces new Prime benefits: Amazon announced new Prime benefits this week, including free grocery delivery and free music streaming. The new benefits are likely to make Amazon Prime even more attractive to consumers, and they could help Amazon boost its subscriber base.
- Microsoft announces new cloud computing services: Microsoft announced new cloud computing services this week, including a new artificial intelligence platform and a new data analytics platform. The new services are likely to make Microsoft Azure more attractive to businesses, and they could help Microsoft grow its cloud computing business.
- Google announces new Pixel 7 smartphone: Google announced its new Pixel 7 smartphone this week. The new Pixel phone features a number of upgrades, including a faster processor, a better camera system, and a longer-lasting battery. The Pixel 7 is expected to be a popular device, and it could help Google boost its smartphone market share.
- Meta announces new virtual reality headset: Meta, formerly known as Facebook, announced its new virtual reality headset this week. The new headset features a number of upgrades, including a higher resolution display and a more comfortable fit. The new headset is expected to be a popular device, and it could help Meta boost its virtual reality market share.
- Netflix announces new subscription plans: Netflix announced new subscription plans this week, including a new ad-supported plan. The new plan is likely to make Netflix more affordable for consumers, and it could help the company attract new subscribers.
- Fed raises interest rates by 0.75 percentage points: The Federal Reserve raised interest rates by 0.75 percentage points this week. The rate hike is part of the Fed’s effort to combat inflation. The rate hike is likely to have a negative impact on stock prices, but it is also likely to help reduce inflation.
- US GDP growth slows to 2.3%: US GDP growth slowed to 2.3% in the second quarter of 2023. The slowdown was driven by a number of factors, including rising inflation and supply chain disruptions. The slowdown in GDP growth is likely to have a negative impact on stock prices.
These are the top 10 stock market news stories this week. Investors should carefully consider these news stories when making investment decisions.