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Market News

Location American Market News for 16 June 2021

Meet the New Chinese Economy, Same as the Old Chinese Economy

Wall Street Journal - 16 Jun 2021 13:30
China's recovery from the pandemic relies on the same drivers of growth that powered the country before the pandemic, with the same underlying risks.
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Fed's Shift More About Covid-19 Than Inflation

Wall Street Journal - 16 Jun 2021 22:45
Easing of the pandemic, rather than a transitory rise in inflation, caused the Federal Reserve to shift its forecasts.
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The increased costs include a greater-than-expected impact from the parts shortage as well as rising commodity inflation costs of up to $2 billion.
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Focus on variables to plan finances better

livemint.com - 16 Jun 2021 22:17
Focus on variables to plan finances better DIY investors must keep tweaking their plans as economic trends change
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Will PFRDA's new NPS entry, exit norms benefit investors? The Pension Fund Regulatory and Development Authority (PFRDA) has now increased the age limit for joining the National Pension System (NPS) from 65 years to 70 years with no cap on the maximum investment limit
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It pays to diversify investment portfolio

livemint.com - 16 Jun 2021 21:59
It pays to diversify investment portfolio If you are interested in investing internationally, a fund such as Parag Parikh Flexi Cap Fund would be a good choice
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Corning Enters Oversold Territory

Forbes - 16 Jun 2021 21:59
Corning Enters Oversold Territory But making Corning an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of GLW entered into oversold territory, changing hands as low as $40.205 per share.
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Change Of Tone: Fed's More Hawkish Views On Inflation, Future Rates, Bring Pressure On Stocks It looks like the easy money environment might be coming to an end just a bit sooner after today's Fed meeting. This is a change of tone from what we've been hearing, and the Fed's hotter inflation projection may have ca...
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Earnings Preview: What To Expect From Adobe On Thursday Adobe Inc. is scheduled to report earnings after Thursday's close. Here's a closer look.
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The CFTC Is Too Important To Go Without A Leader The CFTC is a small agency, but it has a big mandate - regulating commodity trades and the global swaps market. Until President Biden nominates a permanent CFTC chair, the agency is hobbled.
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U.S. Government Bond Yields Slip Ahead of Fed Decision

Wall Street Journal - 16 Jun 2021 19:22
U.S. government bond yields edged lower, with investors awaiting details from the Federal Reserve's policy meeting.
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What's Next For Nintendo Stock After A 6% Drop And E3 Showcase? The stock price of Nintendo has seen a 6% drop over the last five trading days. The company, yesterday, at the E3 video game showcase, gave fans a lot to cheer about, with the announcement of Metroid Dread..
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What To Expect From The Fed This Afternoon

Forbes - 16 Jun 2021 18:32
What To Expect From The Fed This Afternoon The conclusion of a big Fed meeting comes this afternoon.
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Wall Street Banks Warn Their Trading Boom Is Over

Wall Street Journal - 16 Jun 2021 18:04
The biggest U.S. banks, which have posted blockbuster results through the pandemic, are warning that their market revenue is falling, at least compared with the past year.
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American Express Company Ranked 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 American Express Company among others.
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Oracle's Cloud Bill Is Finally Coming Due

Wall Street Journal - 16 Jun 2021 17:47
The software giant plans to double capital expenditures in a very expensive race to provide cloud computing.
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Want to control your spending? Try the 30-Day Rule

livemint.com - 16 Jun 2021 17:35
Want to control your spending? Try the 30-Day Rule A solution to curb impulsive purchases is the 30-Day Rule. It can not only help you come over the habit of spending without thinking, but it will also help with budgeting and inculcating discipline and better decision-ma...
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AI Ranks Pbf Energy Inc Among Today's Top Shorts As Major Indices Climb Stocks traded mildly higher today, with the Dow Jones up 20 points, the S&P 500 rising 0.1%, and the Nasdaq ticking up 0.2%. Find opportunities with today's best short plays from Q.ai's deep learning algorithms.
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Artificial Intelligence Identifies Danaher Corp Among Today's Top Buys The Dow Jones ticked up 20 points, the S&P 500 rose 0.1%, and the Nasdaq gained 0.2%. Make the most of today's market with the Top Buys from Q.ai's artificial intelligence.
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Is Prudential Financial Stock Undervalued?

Forbes - 16 Jun 2021 16:00
Is Prudential Financial Stock Undervalued? Prudential Financial stock has gained around 34% YTD, increasing from about $78 at the beginning of 2021 to around $104 currently, significantly ahead of the S&P500, which grew 13% over the same period. Trefis estimates ...
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The Most Overstated And Understated FCF In The S&P 500 Post 1Q21 Earnings Traditional FCF for the S&P 500 understates True FCF by more than $105 billion, or 22% of Traditional FCF, over the trailing-twelve-months (TTM) for non-financial firms.
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Fed, Fed, Fed: Inflation Worries Likely To Take Center Stage As Meeting Ends, Powell Takes Podium The Fed has been sticking to the "inflation is transitory" script, but Chairman Powell might get challenged to defend that today after some respected economic pundits challenged the theory recently.
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