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Market News

Location American Market News for 16 September 2020
Dow Jumps 100 Points After Federal Reserve Pledges To Keep Interest Rates Near Zero Until 2023 The central bank expects the economic recovery to continue at a "reasonable pace" over the next few years.
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Trump Wants Republicans To Make A Deal On Stimulus, Slams 'Heartless' Democrats For Delay In a Twitter post, the president urged Republicans to "go for the much higher numbers" in the next federal relief plan. Democrats ignored the insult and applauded the higher number.
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The economy is in better shape than the Federal Reserve thought it would be. Its policy makers aren't celebrating.
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Market Seems Optimistic About Fed's Accommodative Stance, Inflation Averaging While investors may be in a bit of a holding pattern ahead of Fed commentary this afternoon, the market does seem optimistic that the central bank will continue its ultra-accommodative stance while also being willing to ...
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Prosecutors at a Critical Juncture in Anti-Spoofing Effort

Wall Street Journal - 16 Sep 2020 23:44
Trial of two former Deutsche Bank traders requires prosecutors to explain to jurors a type of trading deception known as spoofing.
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Federal Reserve Says It Will Keep Interest Rates Near Zero Until 2023 The Fed pledged to hold rates steady until inflation begins to consistently rise.
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The Pandemic Is No Longer An Issue For Cyprus, The Economy Is Most people in Cyprus are now worried about the country's economy, than public health.
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Three-Year Plan? Fed Keeps Rates Unchanged And Hints At No Hikes Through 2023 The Fed hints that it wants to keep rates low for the next three years, but as we know, markets change quickly and this might not be feasible in the long run. Financial stocks actually went up on the news.
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The data-management company's strong revenue growth and well-known backers have helped to make it the biggest tech IPO of the year.
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Dow Jumps 100 Points Ahead Of Federal Reserve Announcement Investors are closely watching for economic updates from the Federal Reserve.
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Should You Buy Stocks Because Interest Rates Are Low?

Wall Street Journal - 16 Sep 2020 15:41
Don't fight the Fed...or the ECB, the BOJ, etc. Central banks have cast a spell over stocks this year, but their magic alone isn't what keeps the rally going.
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How to Keep the Lights on in California

Wall Street Journal - 16 Sep 2020 13:00
The state's energy policies aren't entirely to blame for its power woes, but a nuanced approach to a solution can help avoid future blackouts.
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$330 Million Of Student Loan Forgiveness--Here's Why Does this affect your student loans?
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The German bank recognized New York's "success in containing Covid" but added that workers have "understandable concerns about public transportation, cleanliness, security and other quality of life issues."
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The Fed's Final Farewell To Tight Inflation Control In the press conference following today's FOMC meeting, the shift in policy is an admission that there was more labor market slack than models or policy makers imagined over the last few years. The Fed will now tolerate ...
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The Bus No One Is Watching: The Federal Deficit Investors are worried about the dollar and inflation, but Commonwealth CIO Brad McMillan says the deficit is the bus we should all be watching.
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Is The Rally Over For DexCom Near $400?

Forbes - 16 Sep 2020 13:30
Is The Rally Over For DexCom Near $400? DexCom's stock trades at $397 currently and it has gained 80% in value so far this year. It traded at a pre-Covid high of $302 in February, and it is currently 30% higher than that level. Also, DXCM stock has gained 87% ...
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Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three New Billionaires Cloud database company Snowflake opened trading at more than double its list price, making CEO Frank Slootman, ex-CEO Bob Muglia and cofounder Benoit Dageville billionaires.
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Best Stocks To Buy Today As Dow Rises Leading Up To Fed Announcement Investors are eagerly anticipating the Fed's announcement - and extending gains. The Nasdaq, however, showed some signs of cooling off from its strong recovery after last week's rout. For investors looking to make sense ...
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The last date for filing ITR for AY 2019-20 was extended three times in the wake of the covid-19 pandemic
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One can always work out your savings accordingly or push forward your retirement date by a few years
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Here's Why Delayed Election Results Might Not Lead To A Market Sell-Off Like In 2000 Stock market volatility "usually stems from an economic shock as opposed to politically related issues," DataTrek argued.
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