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Market News

Location American Market News for 29 January 2020

Goldman Sachs Talks to Its Critics in Effort to Make Friends

Wall Street Journal - 29 Jan 2020 17:07
Goldman Sachs Group set higher financial targets in an effort to turn a skeptical shareholder base into believers in Chief Executive David Solomon's turnaround plan.
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Mastercard topped earnings estimates as consumers spent more during the U.S. holiday season, causing the company's gross dollar volume, the dollar of transactions processed, to rise 12% in the fourth quarter.
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Goldman Sachs Isn't Done With Wall Street

Wall Street Journal - 29 Jan 2020 23:27
The story for Goldman Sachs a decade from now might be about its shift into boring old banking businesses. But trading is still a big thing.
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Just How Good Were Apple's Earnings?

Forbes - 29 Jan 2020 22:49
Just How Good Were Apple's Earnings? Apple reported its earnings yesterday, and the numbers wowed its investors. It reported revenue of $91.8 billion for the fiscal quarter, which was up nearly 9% from the previous year.
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Sustainable Assets Investment Sees Biggest Inflow There is an urge among investors to be more responsible towards the environment, and this particular pulse has popularized "Impact Investing".
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Fed Stands Pat On Rates, Says It Will Continue Treasury Purchases Through Q2 The Fed didn't offer up much in the way of surprises, keeping its key rate unchanged and not tinkering too much with the wording of the press release.
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February Outlook: Volatility In View As Virus Fears, Impeachment, And Earnings Season Loom If you've raised kids, you're probably familiar with the expression, "The odd years are even and the even years are odd." Well, that's also been true lately for stocks in February, and this one might be no exception.
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Coronavirus Could Send Stocks Down Another 10% Or More, History Shows Before the crisis is over, it could be far worse than that.
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Apple Can't Afford Many Sick Days

Wall Street Journal - 29 Jan 2020 20:39
Apple's revenue-forecast range for the current quarter is "wider than usual" due to uncertainty over the situation in China. But even the range's low end could be a challenge.
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California Tax Increase Only Helps The Illicit Market Cannabis consumers in California -- whether using the plant for medical or recreational purposes -- are having to reach deeper into their pockets this month following a major tax hike.
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As Coronavirus Fears Spread, What's The Breaking Point For Markets? Death tolls need to rise to SARS level before markets start to panic again. Or the WHO has to declare a global public health emergency on Thursday.
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Oil Swings as Investors Grapple With Coronavirus Uncertainty

Wall Street Journal - 29 Jan 2020 19:37
Crude prices fell amid worry that the virus would dent demand from China and the report of a larger-than-expected build in domestic stockpiles.
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More people need to come under tax net

livemint.com - 29 Jan 2020 19:17
Did you know less than 3% of Indians paid income tax in AY19?
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Will Gold Top In February?

Forbes - 29 Jan 2020 18:46
Will Gold Top In February? The gold market has been getting more attention in the last few months with the increased global tensions. Using data back to 1977 there are some clear seasonal patterns for gold that investors and traders may find to be...
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Over-exposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.Here is a list of banks that offer the highest FD rates for deposits up to 1 crore...
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Will Upbeat Mass Market Gaming Activity Drive A Revenue Beat For Las Vegas Sands? Las Vegas Sands will release its full-year 2019 results on Wednesday, January 29. Trefis details expectations from the casino company in an interactive dashboard, parts of which we highlight below. We believe that Las Ve...
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Penn National Gaming to Buy Stake in Barstool Sports

Wall Street Journal - 29 Jan 2020 18:19
The casino operator plans to take a 36% stake in Barstool Sports for $135 million in cash and $28 million of its stock.
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What If The Key To Performance Psychology Is Spirituality? New perspectives in psychology are finding value in the study of spirituality.
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This can do away with a large number of ills that afflict the Indian tax system
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U.S. Treasury Yields Fall Ahead of Fed Decision

Wall Street Journal - 29 Jan 2020 18:04
U.S. government-bond prices climbed ahead of the conclusion of the Fed's two-day policy meeting, suggesting some investors think the central bank could open the door to interest-rate cuts in the coming months.
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How Much Earnings Growth Can Roche Deliver?

Forbes - 29 Jan 2020 18:00
How Much Earnings Growth Can Roche Deliver? Roche will release its Q4 and full-year 2019 results on Thursday, January 30, and it will likely deliver 6% earnings growth for the full year, according to our estimates. For the full year 2019, Trefis estimates that the...
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Why GE Could Be Finally Turning The Corner

Forbes - 29 Jan 2020 17:47
Why GE Could Be Finally Turning The Corner After GE beat and raised, its shares popped nearly 8%. I am betting that someday it can enjoy double-digit revenue growth.
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