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Market News

Location American Market News for 28 June 2021
Tycoon Tony Tan Caktiong's Jollibee Earmarks $251 Million To Accelerate Expansion Plans As Earnings Recover Jollibee Foods will spend $251 million this year, its largest ever annual capital expenditure.
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Burberry's CEO Exit Points to Talent War, Not Takeovers

Wall Street Journal - 28 Jun 2021 15:31
A top-level poaching incident could take two of the most commonly cited listed takeover targets off the industry shopping list for a while.
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China's Lufax Teams Up With Schroders As Part Of Push Into Wealth Management In Singapore Lufax unit obtained permission to sell two China funds in Singapore earlier this month
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At $225, Coinbase Stock Is A Solid Bet On The Crypto Future Coinbase, the largest U.S. cryptocurrency exchange, has seen its stock price decline by over 30% since its mid-April IPO, trading at just about $225 per share. There are two broad factors that drove the sell-off. Firstly...
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After Popping 115% Since Its IPO, Doximity Stock Could Keep Rising Some 10,000 physicians in its network are betting an average of $24,000 apiece on Doximity stock. If it can sustain expectations-beating growth, those MDs are making a smart bet.
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Why Freeport-McMoRan Lost 11% Of Its Value In A Month? Freeport-McMoRan stock has dropped almost 11% in the last one month and currently trades at $37 per share. The decline in the stock was mainly due to weakness in commodity prices. Faster economic recovery expectations, l...
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Time For A Stock Market Correction?

Forbes - 28 Jun 2021 13:26
Time For A Stock Market Correction? Its been last October since we last had a market correction and sentiment now looks very complacent. Time for investors to dial back risk.
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S&P 500, Nasdaq Notch Record Closes

Wall Street Journal - 28 Jun 2021 23:34
The S&P 500 and Nasdaq advanced, with investors awaiting the June jobs report, a meeting of OPEC members and their allies, and eurozone inflation data later this week.
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Broad gauges of market performance are surging together in a way few on Wall Street have ever seen, masking volatility under the surface.
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Ricardo Salinas Pliego said his bank was working toward becoming the first Mexican lender to accept the cryptocurrency.
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So Long, Cryptopians - Greet the New Digital Greenback Cryptopian dreams of a 'self-sovereign' money, always a contradiction in terms, are now drawing to an end. Wildcat crypto is going the way of the 19th century's wildcat paper currencies. Replacing them will be a digital ...
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Industry needs to raise the bar for ethical conduct

livemint.com - 28 Jun 2021 22:30
Industry needs to raise the bar for ethical conduct Senior leaders have a huge influence on ethical conduct in the rest of the organization
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China's Crackdown On Bitcoin Mining Is Good News For North American Crypto Miners Bitcoin erased its 2021 gains last week as China ramped up its crackdown on mining of the cryptocurrency, a move that's expected to help shift the industry's center of gravity from Asia to North America.
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Investment in gold can be more than a hedge against inflation Data suggest that gold has been able to deliver inflation- beating returns
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South African cryptocurrency entrepreneur Raees Cajee said less than $5 million is missing.
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South African cryptocurrency entrepreneur, pursued says that less than $5 million is missing.
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What you should know about your life insurance nominee Registering a nominee helps insurers quickly process claims and deliver death benefits
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FCF To Debt: Unscrubbed Data Creates Misleading Credit Ratings This report compares my "Adjusted" Free Cash Flow (FCF) to Debt ratio to the "Traditional" ratio based on unscrubbed financial data.
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Nvidia Gets Just a Little Help From Its Friends

Wall Street Journal - 28 Jun 2021 20:42
The chip maker's stock jumps on support from Broadcom, MediaTek and Marvell, but the fate of Nivida's deal for Arm Holdings is still a question mark.
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July Outlook: Fun In The Sun As Earnings Season Dawns And Corporate Forecasts Loom July is the dawn of Q2 earnings season, and corporate forecasts for the second half of the year likely loom large. One question is whether companies sense inflation being a big factor, and that's also something the July ...
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Economy Minister Martín Guzmán, Fighting To Survive In Argentina There's always a tension regarding the relative power of the head of the portfolio, whether he has any actual independence from the political project being led from the Casa Rosada and whether he has the technical and em...
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What's The Best Way To Pay Off Student Loans? New Research Says This Way This is the best way to pay off student loans, according to research.
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