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Market News

Location American Market News for 21 September 2020

Activist Trian Fund Management Takes Stake in Comcast

Wall Street Journal - 21 Sep 2020 21:49
Trian Fund Management has taken a stake in Comcast in a bet that the cable giant's shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.
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Nikola's Troubles Raise Questions For Tesla And Elon Musk On Battery Day The SEC's investigation of EV company Nikola raises important questions for Tesla's Battery Day.
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Global Consumer Sentiment Barely Inches Up As Coronavirus Lockdowns Take Their Toll China is the stand out. It's the best of them all, based on consumer confidence.
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After Gaining 25% YTD, Is The Rally In Hannon Armstrong Stock Over? After a 25% rise since the beginning of this year, at the current price of $39 per share we believe Hannon Armstrong stock has reached its near-term potential. HASI stock has rallied from $31 in January to $39 at present...
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Employers who hire fixed term contract employees through third party agencies may also face also see higher bills from contractors as they would pass on the costs to principle employers
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HSBC Stock Hits 25-Year Low

Wall Street Journal - 21 Sep 2020 09:19
Shares in HSBC slumped after news articles detailed "suspicious activity reports" filed by it and other major banks to U.S. authorities, putting fresh pressure on a stock that has already dropped sharply this year.
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Republicans Oppose Democrats' Spending Bill As Government Shutdown Looms Congress has just nine days to pass a spending bill before the government shuts down.
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Crude Prices Fall as Libya Ramps Up Production

Wall Street Journal - 21 Sep 2020 14:16
Oil prices dropped on fears that some of Libya's long-blockaded crude would return to the market, adding to the global glut.
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Stock Futures Point to Acceleration in S&P 500's Losses

Wall Street Journal - 21 Sep 2020 13:38
The VIX, a closely watched measure of turbulence in U.S. stocks, jumped to its highest level in almost two weeks.
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Time's Up For TikTok: How The Deal Affects You And National Security Oracle and Walmart are poised to take on a minority stake in TikTok, which President Trump has expressed support over. Failure to properly account for the security risks will adversely affect consumers and national secur...
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Late Recovery In Tech Keeps A Bad Day From Getting Even Worse That was a tough way to start the week, but it could have been a lot worse. The amazing turnaround in Tech late in the day lifted spirits going into Tuesday. Investors might want to keep an eye on futures trading for hin...
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Surge in Wealth May Lead to Complacency on Economy

Wall Street Journal - 21 Sep 2020 22:56
A record level of wealth and America's biggest economic downturn on record make strange bedfellows. But that's just what we saw last quarter.
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The Stock-Split Anomaly: How Apple, Tesla Created Powerful Alpha Last Month Stock splits often create a pattern of above-market returns, real "alpha." It is easy to find, easy to exploit, and it is strong enough, and sufficiently long-lasting, to be profitable -- even if investors only make thei...
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Taxability depends on the source of income

livemint.com - 21 Sep 2020 18:46
The global income of an individual, who is an ROR is taxable and the individual is required to report all foreign assets
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Top Weekly Flows Into ETFs As Markets Continue To Tumble September has been a brutal month for the markets. So far this month, the S&P is down 7%, and Tech is down 11%. Amidst this pullback, our deep learning algorithms have identified a few ETFs based on the weekly flows this...
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Returns on my investments

livemint.com - 21 Sep 2020 18:44
A portfolio must have an ideal mix of financial products.Here's a look at how four commonly used asset types--equity, cash, gold and fixed income--have done in different periods
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Do not alter your investments due to inflation rate

livemint.com - 21 Sep 2020 18:43
Adding to your risk quotient by changing investments for more returns is not advisable
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The covid-19 pandemic has depleted the savings of many Indians. Of those surveyed, 70% reported saving more due to unexpected expenses
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Evaluate the net benefit and have a financial strategy to ensure you don't face problems in the future
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Stock Market Plummets As Government Stimulus Fades: Here's What To Expect With the November election just six weeks away, it appears that the positive effects of the stimulus are quickly fading, and a period of economic and market turmoil is imminent.
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The Recovery Stalls; Fed Pledges The economic rebound has lost its verve; and despite what will be a 30% growth reading for Q3 GDP, the fourth quarter is going to be a struggle.
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Top Stocks To Buy Today As Dow Tanks Hours After Markets Open Stocks opened the trading week largely where the last 3 trading weeks ended- down. There were many catalysts to the broad market sell-off today, and indexes opened firmly in the red.
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