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Market News

Location American Market News for 22 June 2020
What's Next For Bausch Health Stock After 50% Rally? Comparing the trend in Bausch Health Companies' stock, best known for its contact lenses and branded generic drugs, over recent months with its trajectory during and after the Great Recession of 2008, we believe that the...
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Jack Ma's Fintech Giant Ant to Drop 'Financial' From Its Name

Wall Street Journal - 22 Jun 2020 12:49
China's largest financial-technology company is rebranding itself to emphasize the tech rather than the finance, after earlier drawing scrutiny from regulators.
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Top Buys By Directors: Paliwal's $500K Bet On BMY So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $500K by Dinesh C. Paliwal, Director at Bristol-Myers Squibb.
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U.S. Stock Futures Climb at Start to the Week

Wall Street Journal - 22 Jun 2020 13:32
Dow futures suggest blue chips will gain after opening bell, marking an upbeat start to the week as investors cheer signs of the economic recovery despite rising infection levels.
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Wirecard Scandal Makes Tech Investing Even More Expensive

Wall Street Journal - 22 Jun 2020 13:05
The implosion of Wirecard doesn't mean there is reason to doubt the accounting of other European fintech companies, but there is reason to doubt some frothy valuations.
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The current rally in stock markets around the world has been fueled by central banks' liquidity infusion rather than fundamentals, as moratoriums have reduced the need to use the liquidity to pay interest.
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Facebook, Apple, Amazon: Hot Stocks With Underlying Issues What's the case, if there is one, for a bearish take on these 3 hot big name tech firms?
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Billionaire Bill Ackman Hires Minority-Owned Investment Banks To Co-Lead $4 Billion Deal Billionaire Bill Ackman has hired mostly Black and minority-owned investment banks to handle what could be one of the biggest deals in 2020. The offering is aimed at setting a new bar of inclusiveness on Wall Street.
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Apple Finally Closes Its Circle

Wall Street Journal - 22 Jun 2020 22:56
The Mac is essentially the company's last product line to rely on central processors designed by others. But now it is destined to be weaned off Intel processors.
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These Are The 3 Narratives Driving Markets

Forbes - 22 Jun 2020 21:45
These Are The 3 Narratives Driving Markets How long will these three narratives hold? Time may be running out on the "coronavirus trade."
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Justice Department Announces Another PPP Fraud Charge The CEO of a Massachusetts-based IT company was arrested after fraudulently applying for $13 million in Paycheck Protection Program loans, the DOJ said.
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Omnicom Group Crosses Above 5% Yield Territory In trading on Monday, shares of Omnicom Group, were yielding above the 5% mark based on its quarterly dividend (annualized to $2.6), with the stock changing hands as low as $51.77 on the day.
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The Supreme Court upheld the Securities and Exchange Commission's ability to recover ill-gotten gains from those who commit financial fraud, but said there were limits to how far the government could go.
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The pandemic has contributed to consumer behaviour increasingly veering towards digital payments, says T.R. Ramachandran, group country manager, India and South Asia, Visa
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NRIs returning for good must inform bank

livemint.com - 22 Jun 2020 19:42
When your deposit accounts are converted to resident accounts, interest earned on them shall be fully taxable in India
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Top Stocks To Short Today As Markets Move Between Gains And Losses Stock markets are looking increasingly expensive and earnings are expected to drop in 2020 by a large amount. To help protect your portfolio, we've used our AI technology to identify several Top Shorts for today.
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Refinitiv-LSE Deal Faces EU Antitrust Probe

Wall Street Journal - 22 Jun 2020 19:09
Europe's antitrust watchdog opened an investigation into London Stock Exchange Group's planned $15 billion deal to acquire financial-data giant Refinitiv Holdings.
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Top Stocks To Buy Now As Existing Home Sales Plummet Despite the low numbers shown in the Existing Home Sales data the went out today, June is expected to be an improvement with the economy reopened and people comfortable with seeing houses. All optimism aside, our deep le...
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New York City Offices Reopen Today--Here's What That Looks Like Plus: how the subway might adapt.
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S&P 500 Rated Last week was a wild one, ending on a "quadruple witching" event Friday, as stock index options, stock index futures, stock options, and single stock futures expired.
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NVIDIA Stock Rated Higher Than Advanced Micro Devices This Week To help investors make sense of the topsy-turvy market, our AI has compiled a list of the trending stocks for the week, from chip giants to everyone's favorite mermaid logo. With ratings covering the essential markers, o...
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Hey, Now! It's Another All-Star Product You Probably Can't Have

Wall Street Journal - 22 Jun 2020 17:50
Basecamp's Hey is vying to transform email, but its market looks more niche than mass.
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