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Passport to Wall Street

Passport to Wall Street is a news and educational website reporting on the U.S. markets.

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01/13/2023

McDonald's (NYSE: MCD) announced last Friday that it would trim corporate staff, shift priorities and accelerate new store openings as part of a revamped s...

01/12/2023

Typically in times of uncertainty, investors flock to dividend stocks as they offer steady returns with lower risk. These stocks tend to have more resilien...

01/11/2023

The Food and Drug Administration (FDA) announced accelerated approval for lecanemab which showed evidence that it was able to slow cognitive decline in peo...

01/10/2023

In 2022, Elon Musk broke yet another record by becoming the first to lose $200 billion in wealth.Shares of Tesla (NASDAQ: TSLA) have plummeted since the be...

01/09/2023

For all the promises of the bright future and disruption that crypto would bring, the reality is that we seem to be hitting all the usual notes that are se...

01/06/2023

For many, 2022 was the year of the labor union. Now, just a few days into 2023...

01/05/2023

2022 has been a rough year for nearly every asset class. It's actually quite rare for stocks and bonds to be down more than 10%, but it's also a reflection...

01/04/2023

There are some eerie similarities between the housing bubble that popped in the mid-2000s and the current state of the used car market. In both instances,...

01/03/2023

Much like its billionaire CEO Elon Musk, Tesla (NASDAQ: TSLA) has been having...

12/30/2022

Southwest Airlines (NYSE: LUV) was forced to cancel nearly 70% of its flights and warned that disruptions are likely to continue due to a combination of se...

12/23/2022

U.S. Securities and Exchange Commission (SEC) filings show that Elon Musk has sold over $23 bill...

12/22/2022

With inflation shrinking present budgets for families across the United States, adult toy enthusiasts ar...

12/21/2022

The Bank of Japan (BoJ) is considered to be a central bank that is on the leading edge in many respects as it's been the most innovative and aggressive in...

12/19/2022

The ubiquitous e-commerce platform for buying and selling used cars, Carvana (NYSE: CVNA), has been going through a particularly tough time. After missing...

12/14/2022

India is on track to overtake both Germany and Japan as the world's third-largest economy by decades end, according to analysts at S&P Global and Morgan St...

12/13/2022

On Thursday, December 8, the Federal Trade Commission (FTC) filed an an...

12/12/2022

Apple (Nasdaq: AAPL) CEO Tim Cook spoke at an event to commemorate the launch of a new Taiwan Semiconductor (Nasdaq: TSMC) in Arizona, where he made news b...

12/09/2022

While the complexity of the situation at FTX has so far allowed Sam Bankman-Fried to

12/08/2022

Morgan Stanley (NYSE: MS),

12/07/2022

There seem to be two camps developing about cryptocurrencies following the fallout from the FTX blowup and other systemic tremors through the sphere. In es...

12/05/2022

Netflix (Nasdaq: NFLX) founder and co-CEO Reed Hastings said that the company had been too slow into moving into advertising and offering customers an opti...

12/01/2022

After its debut on Wednesday, November 23, Disney's (NYSE: DIS) new animated film, "Strange Worlds" had

11/29/2022

Since Elon Musk's takeover of Twitter, the Company has been experiencing a mass exodus - of employees, managers, and users. became a trending h...

11/28/2022

Amazon (NASDAQ: AMZN) has made history many times over the years; however, this time it is for a less than favorable reasons - it has become the first publ...

11/23/2022

The cryptocurrency market continues to leak lower as the crypto winter is being hit with the combination of an ice storm and a deep freeze following the im...

11/22/2022

On November 17, a coalition of more than 20 prominent groups advocating for children, privacy, and healt...

11/21/2022

In an internal meeting, Apple (Nasdaq: AAPL) CEO Tim Cook mentioned that the company is looking to expand its supply of chips and will be a buyer out of th...

11/14/2022

In its latest FYE'23 earnings release, Nintendo (OTC: NTDOY) announced plans to establish a joint venture, Nintendo Systems, in pa...

11/10/2022

Elon Musk, the world's wealthiest man, has been struggling to find ways to increase profits for his

11/09/2022

From mid-October to the end of the month, stocks embarked on a nearly 10%+ bear market rally. Since then, we've traded in a choppy manner due to a combinat...

11/08/2022

At a tech conference on November 2, Uber (NYSE: UBER) Whistleblower Mark McGann said that, while Uber seems to be making an effort to improve its workplace...

11/07/2022

Meta Platforms (NASDAQ: META) has been awarded the undesirable title of worst performer in the S&P 500 (NYSE: SPY) this year as of Friday as investors grow...

11/04/2022

If all goes as expected, by late Saturday night, workers in a Philadelphia Home Depot (NYSE: HD) will know whether or not their store has successfully vote...

11/03/2022

President Joe Biden spoke to reporters on Monday about a potential windfall tax on energy company profits un...

11/02/2022

One challenge for the Federal Reserve is that its policy has an immediate and significant impact on financial markets but a much more limited and delayed i...

10/17/2022

Kim Kardashian has made headlines again, but this time the reason is a little more unexpected. A Media and lifestyle personality, fashion model, entreprene...

09/26/2022

Kia and Hyundai (OTC: HYMTF) are facing class action...

08/18/2022

The $430 billion Inflation Reduction Act signed this week by President Joe Biden includes a $7,500

08/17/2022

Michael Burry is one of the most successful and eccentric investors of our time. Of course, he first came to the public's awareness through Michael Lewis'...

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