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Market News

Location American Market News for 1 July 2021
What's Happening With Intellia Therapeutics Stock? The stock price of Intellia Therapeutics, a biotechnology company developing treatments using a CRISPR gene-editing system, has seen a stellar 70% rise in just two trading days, after the company announced positive data ...
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Nevro Stock Is Likely To See Higher Levels After A 7% Drop This Week The stock price of Nevro, a medical devices company, has seen a 7% drop over the last five trading days, despite the company announcing positive findings from its spinal cord stimulation clinical trials for painful diabe...
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Why Gold's Long-Term Trend Is Still Up

Forbes - 1 Jul 2021 05:15
Why Gold's Long-Term Trend Is Still Up Despite its lackluster performance over the past year, gold's monthly chart shows that a long-term uptrend that began in the early-2000s is still very much alive.
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Alicia Reyes, who led the bank's European investment bank, said the lender swept regulatory problems under the carpet, according to evidence in a U.K. court.
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Tax implications for individuals working from India due to covid pandemic A non-resident or NOR individual is taxable only on his/her India-sourced income
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Interest paid on student loans is eligible for tax deduction The deduction can be claimed for eight years from the date of repayment
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Banks can deduct higher TDS for these customers

livemint.com - 1 Jul 2021 21:24
Banks can deduct higher TDS for these customers Under the new provisions, higher TDS is applicable even in cases where an assessee has filed tax returns late
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Credit risk funds are shying away from credit risk

livemint.com - 1 Jul 2021 21:11
Credit risk funds are shying away from credit risk The stance could cause investors to shift focus to fintechs and alternative investment funds
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Robinhood IPO Filing Shows Power of Meme-Stock Boom

Wall Street Journal - 1 Jul 2021 21:03
The trading app, which is set to be the buzziest company to tap the U.S. IPO market this summer, generated $522 million of revenue in the first quarter, more than quadruple its level from a year earlier.
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Robinhood Reveals $80 Billion In Assets And $1.4 Billion Quarterly Loss Ahead Of IPO The buzzy online brokerage's long-awaited public-market debut is reportedly being held up by regulators.
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Robinhood Filing Shows Cofounders Tenev And Bhatt Stand To Make Billions In IPO Robinhood has filed for an IPO amid its mixture surging growth and deep problems with customers and regulators. As part of the IPO, Cofounders Vlad Tenet and Baidu Bhatt stand to make billions in incentive awards, Forbes...
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GM reported sales of 688,236 vehicles during the second quarter, up 39.7% from a year earlier when the coronavirus pandemic caused buyers to shelter in place.
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Krispy Kreme Shares Rise in Return to Public Markets

Wall Street Journal - 1 Jul 2021 19:37
Shares of Krispy Kreme Inc. rose more than 8% in their debut trading day, as the doughnut chain returned to the public markets.
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130 Countries Agree To Biden-Backed 15% Global Minimum Tax The Biden Administration wants to prevent the world's largest companies from avoiding taxes by shifting profits abroad.
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Rising Inflation: Shock Or Trend?

Forbes - 1 Jul 2021 19:12
Rising Inflation: Shock Or Trend? Does the recent spike in inflation signal a change in the inflation trend? Not necessarily, according to Commonwealth CIO Brad McMillan.
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Gold Is The Ultimate Contrarian Investment Right Now Legendary global investor John Templeton once said that the best time to buy was when there was "maximum pessimism," and the best time to sell was when there was "maximum optimism."
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If These Two Charts Break It Could Be Rocket Fuel For Nasdaq The resurgent growth-stock rally may be one step away from getting another major tailwind.
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After Five Winning Quarters In A Row, Q3 Starts Off With A Wobble As Jobs Report Awaited Micron and Walgreens Boots Alliance both came in with solid earnings and outlooks overnight and this morning, which might help set the tone. Jobless claims also looked good, but the real number comes tomorrow.
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Ask Encore: Among the suggestions: Auctions that use play money, and taking turns choosing.
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Walgreens Is Healthier Than Wall Street Thinks

Wall Street Journal - 1 Jul 2021 17:43
The pharmacy giant's health is clearly improving. Despite Thursday's selloff, it is a good bet that investor attitudes will soon follow.
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Will Nio Stock Continue To Rally After Gaining 14% Last Week? Nio stock is up by almost 14% over the last week (five trading days) and currently trades at just above the $50 per share mark. The gains are driven by a couple of factors. Firstly, EV stocks appear to be back in favor w...
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Mid-Year Top Stock Picks For 2021: Biotech, Crypto, EVs & Space Exploration Each January, MoneyShow.com asks the nation's leading newsletter advisors for the favorite investment ideas for the coming year. Now at mid-year, we review some of the top performing picks and ask the experts for their l...
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