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Market News

Location American Market News for 22 March 2018

Durex-Maker Reckitt Avoids $20 Billion Headache

Wall Street Journal - 22 Mar 2018 15:37
Turning down Pfizer's $20 billion consumer-health business shows discipline, but leaves U.K. giant Reckitt Benckiser with plenty of work.
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U.S. Trade Leverage With China Is Weakening

Wall Street Journal - 22 Mar 2018 15:25
Chinese workers are less dependent on labor-intensive export industries than they used to be. But U.S. farmers are more dependent on China.
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Sebi to focus on big bang market reforms at board meeting Sebi  to consider proposals such as making algorithmic trading cheaper and more accessible, and reducing fees charged by mutual funds to unit holders
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Nike reported earnings that beat analysts' expectations, fueled by international growth and continued momentum within China.
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Dow Jones plunges over 500 points on Trump China tariff order S&P 500 Index slumped the most since early February and Dow Jones lost over 500 points after US President Donald Trump announced $50 billion in China tariffs
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SEC's Ability To Assess Accuracy Of Climate Risk Disclosures Limited, Says GAO SEC's ability to determine the accuracy of climate risk disclosures is limited, the GAO said in a new report
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Market volatility seen affecting IPO plans of smaller companies With small-cap and mid-cap stocks declining in recent months, IPOs of small companies may attract lower valuations, say analysts
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A Look At Booking Holdings' Projected Growth Booking Holdings (NASDAQ: BKNG) has seen impressive growth in recent years. The company's revenue grew by 17% and its stock price jumped 19% in 2017.
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The Factors Driving Our $52 Price Estimate For Verizon Verizon, the largest U.S. wireless carrier, has been performing well over the last few quarters, driven by its unlimited data plans, which have allowed it to post strong postpaid phone net additions.
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ICICI Securities IPO sees 29% subscription on Day 1

livemint.com - 22 Mar 2018 18:18
ICICI Securities IPO sees 29% subscription on Day 1 The ICICI Securities IPO received bids for 13,000,792 shares against the total issue size of 44,225,343 shares on Day 1, NSE data showed
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Consulting services firm Accenture trimmed its yearly forecast for profit margins, driving its stock down 6 percent on Thursday.
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Tencent, and the Tech Sector, Get a Shock From South Africa

Wall Street Journal - 22 Mar 2018 16:02
Naspers is selling down its 33% holding in Tencent, a day after the Chinese tech giant's disappointing earnings. It's another blow for a sector suddenly looking shaky.
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Sorry, But The Fed Will Be Safe Not Sorry

Wall Street Journal - 22 Mar 2018 15:49
The Federal Reserve isn't ready to adopt the idea that the economy can run faster without running hotter.
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The Fed Is Now A 'Wet Blanket' For Stocks

Forbes - 22 Mar 2018 15:02
The Fed Is Now A 'Wet Blanket' For Stocks Rates are going higher, even if the economy underperforms. That was the message by Fed chairman Powell on Wednesday.
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Conagra reported third-quarter profit above market estimates and raised its full-year profit forecast.
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66% Of Working Millennials Have Nothing Saved For Retirement When it comes to retirement, Millennials have a lot of catching up to do.
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Bitcoin falls after report that Binance faces warning in Japan Japan, one of the most active markets for cryptocurrencies globally, introduced a licensing system for virtual currency exchanges last year
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Dropbox May Get a Little Help From Its Friends

Wall Street Journal - 22 Mar 2018 13:05
Dropbox has a big valuation to live up to. But other richly valued cloud stocks--and the huge premium Salesforce.com just paid for MuleSoft--could help sell the latest big tech IPO.
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U.S. Trade Leverage With China Is Weakening

Wall Street Journal - 22 Mar 2018 12:24
Chinese workers are less dependent on labor-intensive export industries than they used to be. But U.S. farmers are more dependent on China.
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Global gold prices hover near 2-week high on weaker dollar after Fed rate view Gold prices are steady, hovering near two-week highs hit in the previous session on a weaker dollar after the US Federal Reserve disappoints investors
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The Federal Reserve's decision to raise rates on Wednesday signaled that the yield curve could flatten further, which is bad news for a money-making force known as rolldown.
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Govt paves way for tax-free gratuity of up to Rs20 lakh The Rajya Sabha on Thursday passed the amended Payment of Gratuity Bill, 2018, paving the way for doubling the limit of tax-free gratuity to Rs20 lakh
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