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Market News

Location American Market News for 28 February 2021
Geode Capital Management's largest private fund lost about $250 million after its bets on stock-market volatility turned sour last year, people familiar with the matter said.
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This past week, bond yields jumped and stocks fell. The trouble was that yields jumped for reasons other than economic optimism, and stocks didn't like it.
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New CEO Hits Refresh at Citigroup

Wall Street Journal - 28 Feb 2021 12:30
Jane Fraser wants to simplify Citigroup, the original megabank. That won't be easy.
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Herbalife to Name Three New Directors as Icahn Era Ends

Wall Street Journal - 28 Feb 2021 19:00
Herbalife Nutrition plans to overhaul its board as Carl Icahn winds down his eight-year involvement with the company and it looks to burnish its standing with other investors.
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Goldman Consumer Head Is Leaving to Run Walmart Fintech

Wall Street Journal - 28 Feb 2021 19:00
Omer Ismail, who helped build Goldman's consumer-banking business from scratch, will take on a similar task at Walmart.
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Biden Open To Lower Income Threshold For New Stimulus Checks As $1.9 Trillion Proposal Heads To Senate There is bipartisan support to reduce the income threshold for new checks, White House Press Secretary Jen Psaki said Sunday.
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Go East, Young Man: China Needs to Set its Labor Force Free

Wall Street Journal - 28 Feb 2021 16:00
Fixing the breadth of China's wasted and frustrated talent will be essential to maintain growth, especially if Beijing continues to alienate major trading partners in the years ahead.
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Priced Out: Liquidity Is Also Causing Global Real Estate Prices To Rip It's not just low interest rates and low inventory, it's global liquidity that's pushing housing prices up everywhere.
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Apple Commits To Yearly Dividend Increases

Forbes - 28 Feb 2021 15:30
Apple Commits To Yearly Dividend Increases Apple is set to increase its dividend in April, which gets it almost one-third of the way to becoming a "Dividend Aristocrat."
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This Stock Market Bubble May Not Be So Bad

Forbes - 28 Feb 2021 15:00
This Stock Market Bubble May Not Be So Bad As someone who follows the markets with great intensity, and has since the 1980s, when the mainstream indexes get overshadowed every day by the level of excitement and attention being paid to the most speculative ends of...
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Bond-Market Tumult Puts 'Lower for Longer' in the Crosshairs

Wall Street Journal - 28 Feb 2021 15:00
A wave of selling during the past two weeks drove up the yield on the benchmark 10-year Treasury note, which helps set borrowing costs on everything from corporate debt to mortgages, to its highest level since the pandem...
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Sovereign gold bond opens for subscription tomorrow. Maturity period to benefits-- 10 things to know The Reserve Bank of India, on behalf of government of India, fixed the issue price of Sovereign Gold Bond at ₹4,662 per gram.If you are considering to invest in gold, then Sovereign Gold Bonds are a far better option t...
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SBI cites 6 big reasons to invest in Sovereign Gold Bonds SBI tweets: 'Get returns and safety together! 6 golden reasons to invest in Sovereign Gold Bonds'.The issue price for Sovereign Gold Bonds 2020-21 (Series XII) has been fixed at ₹4,662 per gram
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The Rate Spike Will Damage The Recovery: Fed Intervention Needed There was a spike in interest rates in the last week of February. It is naive to think that the inflation narrative drove the spike. Will the Fed step in with new rounds of QE?
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