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Market News

Location American Market News for 7 June 2021

Inside Credit Suisse's $5.5 Billion Breakdown

Wall Street Journal - 7 Jun 2021 15:33
The fallout from the Archegos collapse shows the Swiss bank's creaky risk-management systems didn't do their job, leaving the bank vulnerable with out-of-date trading data and big exposure to single stocks, according to ...
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S&P 500 & Sectors: Free Cash Flow Yield Through 1Q21 This report analyzes free cash flow, enterprise value, and the FCF yield for the S&P 500 and each of its sectors.
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Employment Shortages, Spiking Wages, And The New (Toilet Paper) Hoarding Syndrome The unemployment data continue to disappoint. Despite higher-than-expected wage data, most of the outsized wage gains were in the low wage Leisure/Hospitality sector, the sector hardest hit by the shutdowns.
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Reddit Trading Frenzy Makes 'SPAC King' Chamath Palihapitiya A Billionaire--Again Shares of heavily shorted Clover Health surged Monday alongside a slew of so-called meme stocks.
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The Sad End Of Jack Ma Inc.

Forbes - 7 Jun 2021 22:43
The Sad End Of Jack Ma Inc. The Chinese government is now doling out some of the best pieces of Ma's business to new "partners" of its choosing, including one of the most corrupt and financially shaky companies in all of China - the notorious and s...
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MicroStrategy to Sell New Bitcoin Bond

Wall Street Journal - 7 Jun 2021 21:38
The software provider is doubling down on its bet that digital assets will outperform cash.
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IRS Releases Child Tax Credit Payment Dates--Here's When Families Can Expect Relief Advance payments of the newly expanded and fully refundable credit of up to $3,000 per qualifying child will hit bank accounts once a month between July and December.
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Pros and cons of Will vs Trust in estate planning

livemint.com - 7 Jun 2021 20:34
Pros and cons of Will vs Trust in estate planning It is important to take legal and tax advice before succession planning
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When can a subscriber withdraw from NPS?

livemint.com - 7 Jun 2021 20:22
When can a subscriber withdraw from NPS? When an NPS subscriber reaches the age of superannuation, i.e., he/she attains the age of 60, he/she can withdraw 60% of the accumulated corpus as a lump sum tax-free
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Invesco QQQ Trust And Vanguard Growth ETF Among Top ETFs This Week If you're looking for something a little less risky than individual stocks, this week's Top Buy ETFs can help you diversify and gain exposure across the market.
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New tenancy law creates a level playing field for all stakeholders The Model Tenancy Act looks good on paper, but the big question is whether the states will implement it as it is
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IShares Russell 2000 ETF And Vanguard Mid-Cap ETF Ranked Top Smart Beta ETFs Q.ai's deep learning algorithms have identified several top US SMID Cap Smart Beta ETFs based on fund flows. Diversify your portfolio with these.
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Biogen's Alzheimer's Drug is a Wall Street Winner

Wall Street Journal - 7 Jun 2021 19:17
U.S. health regulators approved the biotech company's drug. And all of a sudden, a plodding value stock has a compelling growth story.
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The combination between Victory Park Capital's blank-check company and the banking app Dave is expected to be complete by the third or fourth quarter.
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Did Student Loan Cancellation Get Cancelled? What happened to student loan cancellation?
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How to close HUF with the income tax department?

livemint.com - 7 Jun 2021 17:38
How to close HUF with the income tax department? The income-tax department treats HUF as a separate assessee
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Employees Are Working Longer Hours Because Employers Can't Fill Job Openings These two charts tell the story ...
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Carvana Co And Hexcel Corp Among Today's Top Shorts The S&P is currently sitting just about 0.2% from its record high, with all indices experiencing a very positive week. Find opportunities with today's top shorts from Q.ai's deep learning algorithms.
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Acco Brands Corp And Malibu Boats Inc Among Today's Top Buys The Dow Jones rose 40 points, while both the S&P 500 and Nasdaq traded flat. Make the most of this market with today's top buys from Q.ai's artificial intelligence.
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Brokerage Billionaire Warns Against Shorting AMC, Meme Stocks: Prices Could Hit 'Unimaginable Highs' "Unless you have huge liquid resources, please try to resist the temptation," Interactive Brokers Chair Thomas Peterffy said Monday.
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Why you should open a PPF for your minor child

livemint.com - 7 Jun 2021 17:01
Why you should open a PPF for your minor child Only one of the parents can open a PPF account on behalf of a minor, and they need to be resident Indians
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Dell And Fidelity Among This Week's Thematic Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. For this week, our deep-learning algorithms have identified Dell and Fidelity among other thematic stocks.
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