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Market News

Location American Market News for 15 July 2020
Plans to more aggressively tax homeowners with multiple expensive properties, and those flipping homes within the first two years of ownership, are the latest in a barrage of efforts to cool booming property markets.
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World's Oldest Stock Market Has New Tech Cluster

Wall Street Journal - 15 Jul 2020 11:58
Where is Europe's tech capital? Cynics that say nowhere haven't been watching Amsterdam.
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Promising Vaccine News From Moderna, Bumper Quarter At Goldman Cheer Wall Street The stock market rally is continuing this morning on help from promising potential-vaccine news from Moderna and an earnings report from Goldman Sachs that blew away expectations.
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Why Your Tax Refund May Be Late This Year

Wall Street Journal - 15 Jul 2020 13:00
Q&A for taxpayers who have filed but haven't gotten refunds or had their checks cashed.
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North India saw the highest increase in inquiries for credit reports, as they were up 31% in June compared with May..South India saw an increase of 28% and the West witnessed a 22% rise.
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Covid-19 Vaccine Progress Behind Wall Street's Latest Bull Run Vaccine potential has trumped the reimposition of lockdowns in several states. Market happy.
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Pompeo: China Will 'Pay A Price' For Coronavirus Pandemic Diplomatic relations with the global superpower are already chilly.
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Why Russian Companies Are Rediscovering Their Own Country Follow the money, they say.
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U.S. Cannabis Stocks: A Good Investment In A Bad Economy This may be the best industry-wide, long-term investment opportunity the market has seen since the crash of the dot-com bubble in the mid-1990s, and the subsequent explosion of operations-focused tech companies that came...
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Goldman Puts Capital Fears to Bed for Now, With Help From Fed

Wall Street Journal - 15 Jul 2020 20:02
The bank came into the earnings season seemingly at some risk from higher capital requirements. But its performance has put those concerns aside for now.
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The Cannabis Tax Experiment

Forbes - 15 Jul 2020 19:53
The Cannabis Tax Experiment As more state lawmakers across the country consider opening new, legal cannabis markets, new tax systems to support them must also be developed.
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Amazon Ranked Earnings and positive vaccine news boosted U.S. stocks this morning before big-tech caused a significant decline across all major indices. The markets are changing drastically by the hour. KLu, we have our deep learning ...
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Bank of New York Mellon reported a drop in net interest revenue in the second quarter and warned that the trend may continue, sending its shares lower.
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Covid-19 Could Short-Circuit U.S. Industry Bounce

Wall Street Journal - 15 Jul 2020 18:41
Factories had a big rebound last month, but the coronavirus's resurgence is threatening to cut the manufacturing recovery short.
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'GILDing' The Lilly: Vaccines, Treatments For Virus In Spotlight Ahead Of Health Care Q2 Earnings After a few years hanging out quietly on the sidelines, the Health Care sector roared back to prominence this year as Covid-19 ravaged the globe. Suddenly, vaccines and antibodies catapulted into the headlines, drawing a...
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Should you take a home loan from a bank or an NBFC?

livemint.com - 15 Jul 2020 18:28
A borrower buying a standard property will always benefit by taking a loan from a bank instead of an NBFC.Since interest rates by banks are linked to an external benchmark, they are more transparent and have a swifter tr...
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Sectoral funds are not a good fit for long-term portfolios and can be avoided
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How work from home policy will hit REITs

livemint.com - 15 Jul 2020 18:12
With demand for office and commercial spaces likely to reduce as companies consider permanent work from home, revenues for REITs may take a hit.The short-term outlook for REITs is not positive but experts don't write the...
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How much tax do you pay on your investment?

livemint.com - 15 Jul 2020 18:04
The Budget 2020 has not made too many changes to taxes, except the abolition of DDT. Here is a look at the various taxes that apply to some of these instruments under categories
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Zoom's Muted Hardware Call

Wall Street Journal - 15 Jul 2020 17:44
Zoom Video Communications introduced its first in a new line of dedicated video-calling devices on Wednesday, however, shares slipped more than 3% on the news.
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Oil Prices Rise on Vaccine Hopes, Falling Inventories

Wall Street Journal - 15 Jul 2020 17:36
Oil prices rose, trading around a 4½-month high with investors hoping for faster-than-expected coronavirus vaccine development and weighing a sizable drop in domestic crude stockpiles.
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Health Insurers' Coronavirus Boost Is Likely to Last

Wall Street Journal - 15 Jul 2020 17:20
Higher profits in the wake of the pandemic won't reverse quickly as elective surgeries return to normal.
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