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Market News

Location American Market News for 30 March 2021
The decision to sell early helped insulate the financial giants from losses that have hit others.
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Maker of NBA Top Shot Scores $305 Million in New Funding

Wall Street Journal - 30 Mar 2021 15:01
Michael Jordan and Kevin Durant are among those betting that the company behind NBA Top Shot is poised to build on the craze over digital collectibles, joining in a funding round that lifted Dapper Labs' valuation to $2....
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Lululemon offered an upbeat sales outlook for the current quarter and year, anticipating demand for its sweat-wicking leggings and sports bras will continue.
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Treasury Yields Whipsaw Ahead of Biden Spending Announcement

Wall Street Journal - 30 Mar 2021 20:38
U.S. government bond yields marked new territory on Tuesday before quickly retreating, as investors focused on President Biden's next big spending push and prepared for the end of the quarter.
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ALLY Poised For Record Highs, Says Bull Signal A bull signal flashing on the charts says consumer lending concern Ally Financial (ALLY) could soar to record highs
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IRS Will Begin Sending $1,400 Stimulus Payments To Social Security Recipients And Other Non-Filers This Week But money won't hit bank accounts until April 7.
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Academy Sports & Outdoors Deserves Some Badges

Wall Street Journal - 30 Mar 2021 19:38
The retailer lags behind Dick's Sporting Goods by some measures but its shares look cheap whichever way you spin it.
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The common Wall Street derivative has for years faced scrutiny from regulators and some well-known investors.
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GameStop's Executive Shakeup: Here Are The Amazon Veterans Tapped To Lead The Firm's Digital Transformation GameStop's C-suite now includes three former Amazon executives.
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Archegos Gives Investors Warning Signs

Wall Street Journal - 30 Mar 2021 19:03
The question is whether Archegos is just an accident on a lonely road or a pileup waiting to happen.
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Coinbase Hires Ex-SEC Director to Run Capital Markets Division

Wall Street Journal - 30 Mar 2021 18:50
Brett Redfearn, previously in charge of trading and markets at the SEC, will run a unit that includes Coinbase's exchange operations as the crytocurrency company prepares to go public.
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How does mean reversion affect investor returns?

livemint.com - 30 Mar 2021 18:33
How does mean reversion affect investor returns? Investment return expectations should factor in long-term returns, because of mean reversion
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Top Stocks To Short Today Amid Bond Headwinds As the major indices drop with fears of rising bond yields, Q.ai's Artificial Intelligence has assessed each firm to bring you today's best short plays.
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Free Markets And ESG Investing Won't Fix The Climate Crisis, Says Former Blackrock Sustainability Chief Forbes sat down with Tariq Fancy, former chief investment officer of sustainable investing at BlackRock to have him expand on his views of ESG investing, climate change and financial regulation.
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Europe's top markets regulator fined credit-ratings firm Moody's $4 million for breaching rules designed to prevent conflicts of interest with its largest shareholder, Warren Buffett's Berkshire Hathaway.
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Gold Miners Recorded Record High Margins Last Year The average all-in sustaining cost (AISC) margin, which is the gold price minus the cost to produce the metal, hit a record $828 per ounce, according to Metals Focus.
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A True This is a market that keeps climbing the proverbial "wall of worry." No one seems to love it, but it keeps going higher. Things are weaker this morning but it's nothing spectacular and it feels like it could be easy to m...
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Archegos Blowout Heaps Pressure on Credit Suisse

Wall Street Journal - 30 Mar 2021 14:43
Shareholders in the Swiss Bank are bracing for a multibillion-dollar hit from a fire sale of positions held by hedge fund Archegos.
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HDFC online and mobile banking outage: don't rely on one bank You can keep the existing bank account by maintaining the average quarterly balance and continue using it for loans and investments. The new bank account can be used for building new savings and investments
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Work From Home Stocks Have Underperformed, Time To Buy? Our theme of Work From Home Stocks has underperformed this year, declining by about 10% since early January, compared to the S&P 500 which is up by about 6% over the same period. The sell-off is likely driven by higher r...
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China's Big Banks Eked Out Higher Profits in Turbulent 2020

Wall Street Journal - 30 Mar 2021 14:30
China's four largest banks reported that annual net profit rose between 1.2% to 2.9%.
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Deliveroo priced its initial public offering at the bottom of its range, valuing the food-delivery startup at around $10.5 billion, after its profit outlook came under increasing scrutiny.
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