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Market News

Location American Market News for 18 August 2020
Homeowners across the country are rushing to refinance at record-low interest rates. Many are finding that lenders have reserved their best rates for buyers.
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The S&P 500 closed at its highest level ever Tuesday, capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world's ability to manage the coronavirus pandemic.
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CureVac Is Incredibly Overvalued And Perfectly Captures The Insanity Of The U.S. Stock Market In 2020 I describe that value as astonishing because the company recorded revenues of $3.1 million, down slightly year-on-year, in its most recently reported quarter, ending March 31st.
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Simon Property Group Shares Cross 8% Yield Mark In trading on Tuesday, shares of Simon Property Group, were yielding above the 8% mark based on its quarterly dividend (annualized to $5.2), with the stock changing hands as low as $63.88 on the day.
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Mnuchin Slams Democrats, But Says Stimulus Talks Could Resume This Week A new GOP bill might be even smaller than July's proposed HEALS Act.
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Bankrupt Stock Speculation Proves That Markets Aren't Always Rational One of the key assumptions behind modern financial theory is that investors behave rationally. But the assumption of rationality doesn't always hold true in the real world.
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Catching elusive taxpayers still a work in progress

livemint.com - 18 Aug 2020 18:50
The next few months will tell us how wily the non-taxpayer and the income tax dept can be
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Perhaps the worst decision we can all make is to die without leaving a valid Last Will & Testament. That is to die Intestate, if you own more wealth in the form of property, possessions and financial products than the de...
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The responsibility for offering these funds is not with the AMCs alone. Distributors who sold them must share the blame, the idea of closed-end funds itself is a questionable compromise on an investor's liquidity
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Welcome back to the Everything Bubble, which is firmly in the imagination of the many investors complaining about it. First, it isn't everything. Second, it isn't a bubble.
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Walmart Beats Back-to-School Blues with Stimulus Checks

Wall Street Journal - 18 Aug 2020 18:29
Walmart showed no signs of slowdown last quarter, but the expiration of stimulus measures could soon hit sales.
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These American Cannabis Operators Are On Track For $1 Billion Annual Revenue Soon A sub-sector delivering much stronger performance than the overall index has been the leading multi-state operators (MSOs).
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Best Stocks To Buy Today As Nasdaq Holds Onto Gains Following Record High Tech stocks continue to do well as the Nasdaq is up by 0.4%. Value sectors Finance and Energy are under pressure after catching a bid last week in a rotation trade, which has not appeared to follow through this week. Usi...
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Amid falling interest rates, here is one attractive investment options for those who are 60 or above the age of 60 -- Senior Citizens Savings Scheme. From interest rates to tax benefits, here are the details
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A growing distaste for the oil business among potential young employees, combined with the economic crisis of the pandemic, could make it harder to tackle competition from renewable energy and electric vehicles.
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Here's When $300 A Week Unemployment Benefits May Start When do the $300 enhanced weekly unemployment benefits start?
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Put Your Chips On The Table With Intel Corporation If you're willing to look beyond the short term, you'll find that the advantages of the firm's size and cash flow provide resources that will contribute to many more years of profit growth.
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Is Russia Moving Past The Coronavirus Pandemic? Better than Europe? So far, so good.
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Should You Buy, Or Avoid, These UK Shares Before The End Of August? Will these UK shares sink or surge in the coming sessions?
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Has Catalyst Arrived? Home Depot, Walmart Crush Earnings Expectations As Retail Sector Keeps Impressing Walmart and Home Depot earnings both looked very solid, especially on the U.S. same-store sales side. The market has been looking for a catalyst to get it over the hurdle of a new record-high SPX close, so maybe this is ...
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Chegg Ticks All the Right Boxes

Wall Street Journal - 18 Aug 2020 15:33
The sudden switch to remote learning has boosted prospects for Chegg, a company widely known for supplying textbooks but also deeply involved in services like online tutoring.
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Can General Motors Release Its Inner Tesla?

Wall Street Journal - 18 Aug 2020 15:08
Markets are wild for electric vehicles--unless they are made by companies that also make regular cars. Squaring this circle won't be easy for General Motors.
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