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Market News

Location American Market News for 9 April 2021
How Two Brothers Escaped How did the Collison brothers go from stab city to Silicon Valley billionaires?
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Southern California Water Price Jumps 48% In 3 Weeks As Rainy Season Disappoints Rapidly rising water prices illustrate the tightening supply/demand situation in what is undoubtedly California's - and the world's - most important commodity.
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How to check & verify TDS on EPF withdrawal

livemint.com - 9 Apr 2021 20:58
How to check & verify TDS on EPF withdrawal The PF withdrawal is fully taxable if one has not completed five years of continuous service
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Don't Be Fooled by This Stock Market's Newest Magic Trick

Wall Street Journal - 9 Apr 2021 16:30
A quirk in the calendar is doing some heavy lifting: The market declines from early last year just vanished from a key fund-manager benchmark.
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Top Stocks To Buy Today As April Keeps Up The Strength Although Friday is set for mixed trading, the indices are set to close the week with solid gains as the S&P continues hovering around a record high. Meanwhile, Q.ai's deep learning algorithms have brought you today's top...
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UBS Group About To Put More Money In Your Pocket On 4/13/21, UBS Group will trade ex-dividend, for its annual dividend of $0.185, payable on 4/15/21.
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SPX Appears Poised For Record Though Volume Expected To Be Light Ahead Of Bank Earnings Ahead of bank earnings next week, investors appear to be continuing to tread lightly. Still, expected low volume may not stop the SPX from hitting a new record.
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Mega Stocks Take Back Control of Market Rally

Wall Street Journal - 9 Apr 2021 15:44
For the past month, the "reflation trade" bet that a pumped-up economy would benefit riskiest assets the most has gone almost perfectly into reverse.
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Dollar Hits Rough Patch After Strong Start to 2021

Wall Street Journal - 9 Apr 2021 15:37
The dollar has slipped this month as the Federal Reserve stuck to its message that it won't raise interest rates soon despite forecasts that the U.S. economy will recover faster than its peers.
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Stock futures suggested the rally in tech shares would pause.
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Are Equity Investors More Keynesian Or Supply Side Oriented? One way of thinking about the policy shift that is occurring is as an opportunity to test the precepts of Keynesian economics that embrace the government's role in the economy versus supply side policies that favor tax c...
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Income tax, corporate tax mop up exceeds revised estimates at ₹9.45 lakh cr in FY21 CBDT Chairman P C Mody said his department has exceeded the revised estimate (RE) despite issuing substantial refunds in the 2020-21 fiscal (April 2020 to March 2021)
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All That Glitters Isn't Goldman

Wall Street Journal - 9 Apr 2021 13:33
A blockchain stock surges following the release of an analyst's report, but investors would be wise to read the fine print.
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The Improbable Dream of the Chinese Property Tax

Wall Street Journal - 9 Apr 2021 13:19
A Chinese property tax of any significance would undermine the overheated land market that both local governments and households increasingly rely on.
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Peloton Doesn't Need to Sweat So Much

Wall Street Journal - 9 Apr 2021 13:00
Investors have been backpedaling hard on the fitness-products maker's stock even as its delivery times have improved.
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Will Netflix Stock Become A Cash Generating Machine? While Netflix has consistently improved its profitability, with EPS rising 20x over the last five years, this came at the expense of deteriorating cash flows, as the company doubled down on content investments. Cash burn...
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Can mobile wallets turn dormant like bank accounts?

livemint.com - 9 Apr 2021 12:34
Can mobile wallets turn dormant like bank accounts? With RBI allowing mobile wallets to be interoperable, customers will now be able to transfer the balance to a bank account using their wallet in case they want to close it
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Barclays Stock Is Trading Near Its Fair Value Barclays stock has rallied 170% since the March 23 lows of the last year and at its current price of $10 per share, it is around 4% below its fair value of $11 - Trefis' estimate for Barclays' valuation. Barclays is a Lo...
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Here's Why Booking Holdings Stock Is Overpriced At $2400 Levels Booking Holdings' stock (NASDAQ: BKNG), the world's largest online travel agency that offers services from lodging to airline tickets to car rentals, has more than doubled from the March 2020 lows of around $1177 (when b...
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How will users withdraw money from mobile wallets at ATMs? Wallets will issue a prepaid card to their customers, using which they can withdraw money at ATMs and swipe the card at merchant stores
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Biden Tests Tech Giants' Support for Global Tax Reform

Wall Street Journal - 9 Apr 2021 11:35
For the world's largest companies, global tax policy is proving the adage that you should be careful what you wish for.
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Unprofitable Tech Firms Capitalize on New Type of Bonds

Wall Street Journal - 9 Apr 2021 11:30
Nonbank lenders have issued asset-backed bonds to help finance about $2 billion of loans to fast-growing, but still unprofitable, software enterprises.
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