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Business News

Location American Business News for 20 September 2022

Is corporate bond fund better than bank FD?

livemint.com - 20 Sep 2022 09:13
Is corporate bond fund better than bank FD? If you can wait for three years or longer in that case the investment in Corporate Bond funds will give you better after-tax returns
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Judge Rejects Antitrust Challenge to UnitedHealth Acquisition

Wall Street Journal - 20 Sep 2022 03:33
Judge Rejects Antitrust Challenge to UnitedHealth Acquisition The ruling deals a blow to Biden administration antitrust enforcement, and it clears the health giant to buy health-technology firm Change Healthcare.
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Parts shortage forces Ford to cut its 3Q earnings forecast A global shortage of computer chips has hobbled automakers' ability to fully assemble vehicles and meet high buyer demand.
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Mark Zuckerberg's net worth slashed by $71B -- more than half -- this year alone The Meta CEO's net worth is estimated to be $55.9 billion.
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Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, where it is expected that the Federal Reserve will increase interest rates. As inflation continues to remain at elevated levels, ma...
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Bath & Body Works Stock Down 46% This Year, What's Next? After a huge 46% decline so far this year, at the current price of around $38 per share, we believe Bath & Body Works stock (NYSE: BBWI), the largest specialty home fragrance & body care product retailer in the U. S, for...
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Warren Buffett's granddaughter-in-law takes up role at JPMorgan's wealth management division "I couldn't be prouder for Lili to grow as a wealth advisor and fellow working mother alongside me," Liz Weikes, managing director at JPMorgan, said.
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JPMorgan Chase's Jamie Dimon, Citi's Jane Fraser, Bank of America's Brain Moynihan and Charlie Scharf of Wells Fargo scheduled at House Financial Services Committee.
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Morgan Stanley will pay $35 million to settle allegations that it scrapped computer servers and hard drives without ensuring they no longer held sensitive customer information, regulators said.
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Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs. Insider has identified the key folks behind the retailer's secretive endeavor to upend consumer banking. ONE has around 300 employees, including people from Goldman Sachs, Lyft, and Apple.
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Do Higher Interest Rates Hurt The Stock Market? Here's How Strategic Investors Adjust As Rates Go Up Higher interest rates have a negative impact on stocks. Here are the factors that investors must consider when deciding on an investment strategy built to withstand high interest rates.
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Meta Platforms Stock Is Down 57% YTD, Is It Attractive At The Current Levels? Meta Platforms' stock (NASDAQ: META) has lost 57% YTD, while the S&P500 is down 19% over the same period.
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Multiplex revenue to triple this fiscal, occupancies to fall short: Crisil Multiplexes' revenue is seen rising to an all-time high of over ₹6,000 crore, or 13-15% above the levels seen in fiscal 2020.
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Japan's overall consumer inflation rose 3% from a year earlier in August, exceeding the Bank of Japan's 2% target for fifth straight months, government data showed Tuesday.
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The chancellor will unveil tax cuts on Friday as part of a bid to boost the UK economy.
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Ford Warns Parts Shortages, Higher Costs Expected to Affect Earnings The car maker predicts it would have about 40,000 to 45,000 unfinished vehicles in inventory at the end of the quarter, a number that is higher than expected.
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Zhejiang Leapmotor Technology Co. is planning to raise over 8.11 billion Hong Kong dollars ($1.03 billion) in an initial public offering to join a list of other Chinese electric vehicle makers tapping the Hong Kong marke...
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Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their sta...
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Ford Says It Will Spend $1 Billion More in Third Quarter Because of Supply Chain Problems The automaker said shortages of parts are continuing to hurt its ability to make and sell vehicles.
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Rents for single-family homes are still higher than they were a year ago, but increases are slowing down.
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Apple Readies iOS 16 Bug Fix for Next Week

Wall Street Journal - 20 Sep 2022 03:00
Apple Readies iOS 16 Bug Fix for Next Week Some people who bought Apple's new iPhone 14 Pro are experiencing strange camera behavior when filming with social-media apps. Apple has plans to fix it and other bugs.
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Mining Giant Fortescue to Spend Billions to Eliminate Fossil Fuels Australian iron-ore producer says clean-energy spending will lower long-term costs and push the industry toward making green steel for car makers and other customers.
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