The First Slice for Tuesday, January 16, 2024
Prepare for an eventful week ahead as we dive into the intriguing world of business, finance, and government affairs! While the markets took a breather on Monday for Martin Luther King Jr. Day, global business and political leaders will converge at the World Economic Forum meeting in Davos, Switzerland, from January 15 to January 19.
When markets reopen today, Tuesday, January 16, 2024, all eyes will be on bank earnings reports. Morgan Stanley (MS) and Goldman Sachs (GS) are kicking off the week, aiming to bounce back from challenging quarters. Goldman Sachs saw its profits shrink by a third, while Morgan Stanley faced smaller profits due to a slowdown in mergers and initial public offerings.
The rest of the week is packed with financial updates, including earnings reports from Charles Schwab (SCHW), Discover Financial Services (DFS), M&T Bank Corp. (MTB), Fifth Third Bancorp (FITB), and State Street Corp. (STT). These reports follow a tough session for banks on Friday, with Wells Fargo & Co. (WFC) and other institutions facing challenges.
On the government front, Congress is racing against the clock to reach spending agreements for various government agencies by Friday, January 19, to avert a potential partial government shutdown. Although there were reports of a deal on short-term funding, it had yet to be finalized as of Sunday. These developments will be closely watched as they unfold throughout the week……..
[read more]
☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!**
Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟
Share this content:
