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Market News

Location American Market News for 20 April 2021
Repealing The Cap On State And Local Tax Deductions Would Widen The Racial Wealth Gap, New Study Shows Democrats from high tax states pushing for full SALT deductions face opposition from their left flank--as well as from Republicans.
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How Market Disincentives Are Again Squeezing The Texas Power Grid ERCOT and the Public Utility Commission of Texas justify the transient high prices on the basis that they are needed to provide incentives for new investment. This is a lie. It takes years to add new build new generators...
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Apple's iPad and Mac Moment Should Linger

Wall Street Journal - 20 Apr 2021 23:51
The company's tablet and PC sales got a strong boost from the Covid-19 pandemic. Changes in work habits should keep demand elevated.
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VPF scheme still a good option for employees

livemint.com - 20 Apr 2021 21:51
VPF scheme still a good option for employees Through VPF, an employee can contribute a sum higher than the mandatory 12% from one's salary under EPF
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Behind the Mysterious Demise of a $1.7 Billion Mutual Fund

Wall Street Journal - 20 Apr 2021 11:30
A U.S. mutual fund that suffered nearly $500 million of losses appears to have misvalued its large derivatives portfolio, according to an analysis of the fund's disclosures by The Wall Street Journal, academics and trade...
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Netflix reported earnings for the first quarter of 2021 after the bell on Tuesday.
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Biden's American Families Plan Expected Next Week--Here's Who Might Be Taxed More To Pay For It The president wants to hike the top individual tax rate and raise more money from the wealthiest Americans through capital gains, estate and other tax changes.
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'I will invest core portfolio in ETFs, satellite in active funds' Mirae Asset CEO is betting big on passive funds with some active ones, global funds and gold
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Withdrawing PF money due to covid? Know these tax rules Funds withdrawn from the EPF for reasons other than covid before the completion of five years of service attract tax
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Plenty of issues hinder faceless tax assessment

livemint.com - 20 Apr 2021 21:35
Plenty of issues hinder faceless tax assessment Many did not receive draft assessment orders as contemplated by the scheme
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Earnings Preview: What To Expect From Verizon On Wednesday Verizon Inc. is scheduled to report earnings after Wednesday's close.
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Regulator Bars Former Goldman Analyst for Insider Trading

Wall Street Journal - 20 Apr 2021 18:21
Finra says Brian Maguire bought shares in two companies after finding out about another analyst's upgrade.
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The stock sales could result in additional losses that go beyond the $4.7 billion hit Credit Suisse disclosed earlier this month from the meltdown of Archegos Capital Management.
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Dealers Are Selling Cars So Fast They Don't Need to Borrow

Wall Street Journal - 20 Apr 2021 17:57
The snarled supply chain for new cars is slowing banks' loans to dealers, but surging used-car prices are still a driving force for auto lenders.
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A bidding duel for Kansas City Southern, possibly the only major U.S. railroad available, highlights the sector's unique attractions.
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Microsoft Announces Acquisition Of Nuance; Targets Completion In 2021 cash transaction valued at $19.7 billion, inclusive of Nuance's net debt.
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China's Buying Spree Helps Push Corn Futures To 8 Year Price Highs China's record corn imports due to crop failures and inadequate state reserves have diminished available global corn supplies and pushed prices higher.
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Johnson & Johnson Shows Health Economy Is Nearing Full Strength

Wall Street Journal - 20 Apr 2021 17:10
Covid-19 vaccine hiccups are marginal as the healthcare giant benefits in many ways from recovery.
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Today's Top Shorts Since Good News May Already Be Priced In The Dow Jones fell 120 points, the S&P 500 lost 0.3%, and the Nasdaq dipped 0.3%. But investors can find opportunities with today's best short plays.
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Top Stocks To Buy Today As Market Slips Again There's no single catalyst for the market's second red day in a row. But investors can make the most of this market with today's top buys.
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Bonds Reflect Hope That U.S. Recovery Will Spread to Europe

Wall Street Journal - 20 Apr 2021 16:39
The gap between U.S. and European 10-year government bond yields has tightened to its narrowest in more than a month as Treasurys rallied and German bunds sold off in recent days.
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Biden Administration Resparks Danger for Cigarette Stocks

Wall Street Journal - 20 Apr 2021 16:37
U.S. authorities may lower nicotine levels and ban menthol cigarettes. The companies most exposed have made little progress since the threat came into focus almost four years ago.
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