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Market News

Location American Market News for 9 July 2021
Are Bitcoin Prices Getting Ready To Break Free Of Their Current Malaise? Bitcoin prices have been trading primarily between $30,000 and $42,000 for several weeks, but a more-than two-month low in the Bollinger bandwidth points to a breakout to the upside or downside. When will the digital ass...
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Nvidia's Stock Up 35% Since Split Announcement, Are Intuit, Alphabet And Amazon Next? Nvidia stock rallied by a whopping 35% since May 21st when the company announced its first stock split in nearly two decades. While a part of the rally was driven by a strong set of Q1 earnings and some positive developm...
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Credit Suisse Adds Risk Role to Prevent Another Archegos

Wall Street Journal - 9 Jul 2021 15:18
The bank took fresh steps to tackle its risk management in the wake of the $5.5 billion loss from Archegos Capital, with the creation of a new role that will police the effect of market moves on clients' trading position...
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Strong earnings results might signal peak growth for corporate America but they could give the volatile market a temporary relief.
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The White House wants to make it easier for people to switch banks. The CFPB was given that power more than a decade ago.
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In late May, an obscure BlackRock commodities ETF took in more than $1 billion in new money in less than a week. One driver of the movement was the fund firm itself.
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Treasury Yields Rebound

Wall Street Journal - 9 Jul 2021 19:13
A break in a rally for government bonds is sending yields higher on Friday after sharp declines earlier in the week.
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Klarna Buys Online Commerce Startup Hero

Wall Street Journal - 9 Jul 2021 18:52
Klarna Bank AB, one of Europe's most valuable financial startups, said it struck a deal to buy e-commerce technology firm Hero Towers Ltd., a move that will expand its foothold in online shopping.
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An additional after-tax contribution to your 401(k)--now allowed in the plans of many large employers-- can grow tax free if it's moved to a Roth account.
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Vaccine Stocks Already Got Their Booster

Wall Street Journal - 9 Jul 2021 18:14
Highly enthusiastic Covid-19 vaccine stock investors aren't leaving themselves much wiggle room if booster-shot demand is lighter than expected.
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A new plan for "premier access" in Disneyland Paris will allow guests who pay extra to skip ride lines, and some see a potential preview of policy in the U.S.
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AI Identifies Carvana Co And Plug Power Inc As Top Shorts Again Today The Dow gained over 400 points as of this morning, while the S&P 500 traded higher just under 1% and the Nasdaq was up about 0.4%. Find opportunities in today's market with the best short plays from Q.ai's deep learning ...
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Mckesson Corp Ranked Among Today's Top Buys Markets shrugged off concerns this morning and rallied well into the green, with the Dow gaining over 400 points, the S&P 500 gaining just under 1%, and the Nasdaq also in the green. Make the most of it with today's Top ...
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Bond rally spreads to shorter-term treasurys

livemint.com - 9 Jul 2021 16:15
Bond rally spreads to shorter-term treasurys Decline in yields suggests investors think it could take longer for Fed to raise interest rates
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When Money Is No Object

Wall Street Journal - 9 Jul 2021 16:00
Sure, using a credit card is easy, but paying with invisible money makes saving harder and spending easier. People behaved differently when they saved, and spent, cold hard cash.
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Foreign Affairs: Worries About Global Slowdown, Delta Variant Still Dominate Even As Stocks Rise The market appears to be bouncing back today thanks in part to a pop in Treasury yields and crude. From a technical perspective, the SPX's ability to hold 4300 yesterday might also be playing a role in the early strength...
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Futures were mixed while U.S.-listed Chinese technology shares regained ground after a multi-day tumble
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Etsy, Amazon, EBay: Why E-Commerce Stocks Are Still A Buy Our theme of E-Commerce Stocks - which is comprised of U.S.-based e-commerce companies as well as logistics, and payment players - is up by 25% year-to-date, outperforming the broader Nasdaq-100 which is up by about 17% ...
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Is Velodyne Stock A Buy After Big Sell-Off? Velodyne Lidar, a company that produces lidar sensors used in autonomous vehicles, has seen its stock decline by about 15% over the last week (five trading days). The stock also remains down by over 50% year-to-date. The...
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Ways to beat impulse buying during online shopping festivals One can have a monthly budget for unplanned purchases or have one for upcoming online shopping festivals like Amazon Prime Day
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Should You Buy Overstock.com's Stock On Dips? Overstock.com, an American internet retailer, saw its stock fall by 8.1% to $86 in the last twenty-one trading days. In comparison, the broader S&P500 rose by 2.7% over the last twenty-one trading days. We believe in the...
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Fixing Climate Change Isn't the Central Bank's Job

Wall Street Journal - 9 Jul 2021 13:36
The ECB joins the fight against climate change, but there are problems posed by mixing environmental mandates with financial regulation enforced by unaccountable institutions.
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