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Market News

Location American Market News for 2 April 2021

Inside Archegos's Epic Meltdown

Wall Street Journal - 2 Apr 2021 02:32
Bill Hwang's appetite for risk and big, debt-fueled bets backfired spectacularly. Banks loved the fees they earned from the former hedge-fund manager, and were stunned to learn the extent of his leverage.
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BlackRock's Larry Fink Gets 18% Pay Raise

Wall Street Journal - 2 Apr 2021 00:27
The CEO earned $29.85 million last year as the world's largest asset manager gained ground over rivals during the Covid-19 pandemic.
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Is Bitcoin Building Up Support Near $60,000? Bitcoin has been trading close to $60,000 lately. Will the digital currency build up enough strength to break through this level convincingly in the coming days?
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Taxpayers can now revise audit reports

livemint.com - 2 Apr 2021 20:05
Taxpayers can now revise audit reports The Income Tax Act disallows certain spending such as interest, royalty, or fee for technical services as a deduction while computing the taxable income of an assessee if the tax is not deducted at source and paid to the...
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Flight to Value Stocks Hits ESG Funds

Wall Street Journal - 2 Apr 2021 20:00
Unfolding market conditions could lead to more value-oriented funds focused on environmental, social and governance issues.
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Bullish Jobs Prediction: Bank Of America Says Employment Will Return To Pre-Pandemic Levels By Year's End The prediction came as President Biden celebrated a blockbuster March jobs report.
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No, Biden Isn't Actively Considering $50,000 Of Student Loan Cancellation Will your student loans get cancelled?
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Jobs Report Might Shift Thinking on Inflation, Yields

Wall Street Journal - 2 Apr 2021 17:30
Economists were caught off guard by March's strong labor market gains and might need to play catch-up on bond yield forecasts.
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Nike Ranks Attractive In April Despite Controversies Despite controversial China relations, recent legal cases, and other dilemmas, Q.ai still ranks Nike up there on April's list. Here's why.
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Netflix Nets Top Buy For Flix-Fueled April

Forbes - 2 Apr 2021 16:55
Netflix Nets Top Buy For Flix-Fueled April Q.ai's deep learning algorithms are seeing potential opportunities for long-term gains in Netflix. Here's why.
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Three new ETFs are playing the rush to use shell-company acquisitions in lieu of IPOs.
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Treasury Yields Rise After Strong Jobs Report

Wall Street Journal - 2 Apr 2021 16:04
Expectations for a strong economic recovery have been the major force behind a sharp increase in U.S. Treasury yields this year.
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Time to Stream the Last Blockbuster

Wall Street Journal - 2 Apr 2021 15:50
Netflix has breathed new life into the last outpost of once-dominant Blockbuster by airing a documentary about the store.
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The BLS jobs report released this morning is stronger than expected, and signals that the labor market recovery that flatlined during the late fall and winter has rebounded and gained substantial strength.
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The U.S. Added 916,000 Jobs In March As Labor Market Comes Roaring Back The unemployment rate ticked down to 6%.
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Can investors seek compensation if brokers or exchanges face outage? If investors seek compensation, they will need to prove that the technical glitch was beyond the control of the broker or exchanges, but establishing it is an uphill task
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Know when you should invest in PPF to maximise returns It is always advisable to invest in the PPF at the beginning of the year. This way you will be earning interest on the deposits for the entire year.One can claim a tax deduction of up to ₹1.5 lakh on investments made i...
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Macri's Return Signals More Division Ahead Of Argentine Midterm Elections This Year Macri's disguised political rally illustrated some level of self-criticism, but it also revealed he still puts the blame for the failure of his administration on others, along the same lines as the populist Kirchnerites ...
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Want to get a mortgage? It might be harder than you think. Lenders, facing a flood of loan applications, are tightening their approval standards.
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Archegos Stock Fallout: How Banks Went From Safe to Sorry

Wall Street Journal - 2 Apr 2021 11:30
Banks underestimated the risks of the fund's holdings and their ability to exit the trades.
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Food-delivery platform Deliveroo is doubling down on renting delivery-only kitchen space to restaurateurs. U.S. delivery platforms could follow suit.
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Know the change in eligibility criteria of newly notified ITR1, ITR 4 ITR 1 can be filed by a person whose salaried income doesn't exceed Rs50 lakh and has only one house property and agriculture income is below Rs5,000. ITR 4 can be filed by taxpayers who have opted for presumptive tax re...
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