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Market News

Location American Market News for 13 May 2021
Futures point to further declines for U.S. stocks a day after the S&P 500 posted its biggest three-day drop since October.
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This 4.6% Dividend Is A Smart Buy Now (and It's About To Get Even Better) Despite worries about rising interest rates, the Federal Reserve is likely to keep its key lending rate near zero.
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The alternative cryptocurrency used in the contribution is piggybacking off the popularity of dogecoin.
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DoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a shortage of delivery drivers as consumers ordered more than forecast.
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Sanders Urges Biden Administration To Block Red States From Cutting Some Federal Unemployment Benefits--Even If Governors Want To States must continue to pay special federal benefits to gig workers, freelancers and the self-employed, and those who have left jobs because of Covid-19 safety concerns, Sanders argues.
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Elon Musk Is $20 Billion Poorer Since Hosting 'Saturday Night Live' Tesla's stock is down 15% so far this week, lowering the fortune of its billionaire cofounder.
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Depreciation on goodwill - caution!

livemint.com - 13 May 2021 22:47
Depreciation on goodwill - caution! The Income Tax Act, 1961 contains provisions relating to depreciation on tangible as well as intangible assets. Rate of depreciation for different categories of assets, called the 'block of assets', are also prescribed
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Its first-quarter top and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S.
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Canadian National Expected to Sweeten Kansas City Southern Bid

Wall Street Journal - 13 May 2021 22:08
The revised proposal could include a pledge to cover the $700 million breakup fee, according to people familiar with the matter.
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Dow Adds Back 400 Points Despite Another Inflation Reading Blowing Past Expectations Stocks are fending off the worst stretch of losses in more than six months.
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Senior citizens should update their signatures with banks and brokers Some people are unable to hold pens, which results in signature differences
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Term insurance is not needed for people with no dependents Term insurance carries no survival benefits, so it's not a must-buy product for someone with no dependents
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Gold comes in varied avatars to add shine to your portfolio Do you want to invest in gold or save it for a wedding? There are options for each purpose
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Note To Elon: Crypto Miners Are Part Of The Solution To Curbing Greenhouse Gas Emissions Musk's tweet comes a week after a new bill in New York was introduced that proposes a halt to operations at all cryptocurrency mining facilities in the state for up to three years while an environmental impact study is c...
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Earnings Preview: What To Expect From Disney After The Close Disney Inc. is set to report earnings after the close. Here is a closer look.
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Cardano Surges During $300 Billion Crypto Crash As Musk Eyes Sustainable Bitcoin Alternatives Cardano's ada, the world's fourth-largest cryptocurrency, is the most valuable token that analysts are homing in on after the eccentric billionaire's big bitcoin pivot.
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Hear.com Postpones IPO Because of Choppy Stock Market

Wall Street Journal - 13 May 2021 18:43
The hearing-care services provider postponed its initial public offering over market volatility concerns, according to people familiar with the matter, the latest company to delay a planned debut.
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Aflac Among Today's Top Buys As Investors Overlook Disappointing Inflation Data The Dow Jones rose 220 points, the S&P 500 jumped 0.8%, and the Nasdaq popped 1.2%. Make the most of this market with today's top buys from Q.ai's artificial intelligence.
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Crocs And Electronic Arts Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. This time, our artificial intelligence systems have identified Crocs and Electronic Arts among other trending stocks.
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Ceva Among Top Shorts As Indices Pop Amid Low Jobless Claims The major indices have all jumped as jobless claims fell to a fresh pandemic low. If you're looking for a way to play this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of top shor...
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Ethereum Never Felt So Comfortable

Wall Street Journal - 13 May 2021 17:16
Furniture company Ethan Allen Interiors has seen a surge of retail-investor interest recently, as its ticker symbol is the same as the one used for the red-hot cryptocurrency.
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Transitory Inflation? Like CPI Yesterday, PPI Comes In Above Consensus But Market Stable In Early Going This morning, investors seem to be relieved that producer prices didn't increase more than they did in April, although they were higher than expected. Yesterday's hot CPI number may have cushioned the blow.
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