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Market News

Location American Market News for 15 June 2021

Are The Apes Now Running Wall Street?

Forbes - 15 Jun 2021 14:58
Are The Apes Now Running Wall Street? Participating in equity markets has always entailed some risk, but historically, if one performed careful research, paying attention to fundamentals, a rational investment strategy could be devised. Not so with meme stoc...
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G7 Leaders Have Pivoted From 'Crisis Response' To 'Future Growth' We learned that the G7 leaders are all-in on the climate and equality movement.
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Fed Time: Market Mulling Key Retail Sales, Producer Prices As Central Bank Meeting Begins Producer prices came in higher than expected and retail sales came in lower. This could stir the pot a bit as the Fed meeting begins, because this combination would suggest that the Fed is right about inflation potential...
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Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo

Wall Street Journal - 15 Jun 2021 23:12
The deal for the textbook publisher and educational-technology company is valued at about $4.5 billion, including debt.
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What experts say on manual filing of remittance forms The snag on I-T e-filing portal has caused significant hardship for businesses that need to make payments abroad
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BAFs help first-time investors gain some experience in equity Investors should evaluate categories based on risk-return trade-off and not make past returns the sole criterion
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Registered power of attorney adequate to affirm property sale The relinquishment deed will require to be registered before the sub-registrar of assurances having appropriate jurisdiction
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Things to know about SBI's Kavach before availing it for covid In the case of SBI's Kavach personal loan, you don't need to pay EMIs for the first three months and can pay thereafter
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Here's What Plunging Lumber Prices Tell Us About Inflation The Fed says price spikes are transitory, but not everyone agrees.
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PFRDA permits withdrawal of pension corpus of ₹5 lakh without buying annuity The pension regulator also stated that the premature withdrawal limit on a lumpsum basis for NPS has been increased to ₹2.5 lakh from ₹1 lakh
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The European Union excluded some of the world's largest banks, including Bank of America and UniCredit, from working on a nearly $1 trillion coronavirus relief bond program, citing recent cases in which regulators punish...
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DraftKings Shares Fall After Hindenburg Unveils Short Position

Wall Street Journal - 15 Jun 2021 18:26
Research firm alleges that the sports-betting company's gambling-technology subsidiary SBTech operates in countries where gambling is banned, an allegation that DraftKings denies.
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America's Post-Covid-19 Shopping Spree Will Be Bumpy

Wall Street Journal - 15 Jun 2021 18:03
Retail sales figures sent a mixed message, but the general direction is likely more spending ahead.
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Fluor Corp Ranked Among Today's Top Shorts Amid Mixed Economic Data Stocks did not move much on Tuesday. However, a few reopening plays had a decent start to the day. Find opportunities in this market with today's best short plays from Q.ai's deep learning algorithms.
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Brightview Holdings Ranked Among Today's Top Buys As Major Indices Fall The Dow fell another 50 points, while both the S&P 500 and Nasdaq retreated from their record highs, falling 0.1% and 0.3%, respectively. Make the most of this market with today's Top Buys from Q.ai's artificial intellig...
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Know how to file ITR using the new tax filing portal

livemint.com - 15 Jun 2021 15:58
Know how to file ITR using the new tax filing portal As per a circular issued by the tax department the new portal will help in faster processing and quicker refunds
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Artificial Intelligence Identifies Novavax, Inc Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Novavax Inc and Salesforce.com among others.
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LIC-IDBI Bank launch Rupay prepaid gift card 'Shagun' The gift card comes with loading options ranging between ₹500 and ₹10,000 can be used for contactless transaction up to ₹5,000.The card will be available only to SBI LIC and its subsidiaries and associates; a publi...
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Futures suggested muted moves for major indexes after the open.
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The Labor Shortage May Be Permanent

Forbes - 15 Jun 2021 15:00
The Labor Shortage May Be Permanent According to some business owners and Wall Street pundits, US employers can't hire enough people because unemployment benefits are too high. We're paying people not to work, they say.
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End of Boeing-Airbus Spat Begins the Battle With China

Wall Street Journal - 15 Jun 2021 14:59
The agreement to end a 17-year-long trade war over commercial planes is a necessary step in the face-off against China's Comac.
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Copper prices fell to their lowest level in eight weeks on concerns that China may tamp down on rising commodity prices and that the metal's red-hot rally has gone too far.
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