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Market News

Location American Market News for 14 October 2021

Citigroup Profit Jumps 48% After Releasing Rainy-Day Funds

Wall Street Journal - 14 Oct 2021 14:45
The bank, which reported a third-quarter profit of $4.64 billion, freed up $1.16 billion it had set aside for bad loans early in the pandemic. The quarterly result beat analyst expectations.
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People often focus on the actual amount of money they earn or spend, rather than its purchasing power.
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Earnings Preview: What To Expect From Goldman Sachs On Friday Goldman Sachs is scheduled to report earnings before Friday's open. Here is a closer look at what to expect.
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This Stock Is Likely A Better Bet Over Corning We think that 3M stock currently is a better pick compared to Corning stock, despite Corning's revenue growing at a faster pace over the recent years, and it trading at a slightly better valuation compared to MMM stock. ...
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Morgan Stanley is well positioned for the moment.
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Metals Prices Surge After Gas Crunch Crimps Output

Wall Street Journal - 14 Oct 2021 14:53
Prices reached multiyear highs after smelters, facing soaring energy bills and pressure to cut their carbon emissions, curtailed production.
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Peloton Stock Fell 22% Last Month, What Is Next? Peloton stock, a maker of connected fitness equipment, saw its stock decline by almost 22% over the last 21 trading days. In comparison, the broader S&P 500 remains down by about 3% over the same period. There have been ...
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Bank of America Quarterly Profit Rises 58%

Wall Street Journal - 14 Oct 2021 13:01
The bank earned $7.69 billion for the third quarter, topping analysts expectations.
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Bitcoin Rally Reaches Its Risky Level For October Bitcoin has been on the rise since trading as low as 29,283.97 on July 20. Here's how to trade it now.
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What Bank Earnings Tell Us About the Economy

Wall Street Journal - 14 Oct 2021 21:15
On Wall Street, M&A is on fire, but on Main Street, loan growth is muted. Here's what bank earnings reveal about the bigger picture.
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Compare your bank FD rates

livemint.com - 14 Oct 2021 20:57
Compare your bank FD rates Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures
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Jana Partners Takes Stake in Macy's, Urges E-Commerce Spinoff

Wall Street Journal - 14 Oct 2021 20:50
The activist investors said that a stand-alone e-commerce business would be worth a multiple of Macy's current market value, which stood at about $7 billion Thursday after a recent rally.
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Coinbase Pitches Blueprint for Special Crypto Regulator

Wall Street Journal - 14 Oct 2021 20:39
Trading platform Coinbase, which has feuded with U.S. regulators in recent months, plans to publicly release a document with proposals for crypto regulation.
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Consider buying an additional term plan to increase coverage Term plans are long-term contracts, where premium and coverage is fixed for the duration of the policy
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Cheap home loans aren't for everyone. Do you make the cut? Before determining final rate of interest, lenders assess the borrowers' repayment capacity
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The U.S. Economy May Be Facing Another Recession, New Research Suggests The U.S. economy may be heading for another downturn within the next six months if consumer expectations are any guide, according to new research from ex-Bank of England member David Blanchflower.
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The online sports equipment retailer has also brought in money from SoftBank and Mubadala in preparation for a U.S. listing through a Ron Burkle-led SPAC.
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Bank of America Stands Out From the Pack

Wall Street Journal - 14 Oct 2021 19:46
Strong interest revenue growth set against steady costs gave the bank a big boost this quarter.
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How One Refugee Story Demonstrates So Much Of What Is Wrong With The U.S. Immigration System A married Cuban couple--both doctors--arrived at a U.S. border crossing seeking asylum after they'd been jailed as dissidents by the Cuban government. Unfortunately, this wasn't the end of their hellish journey. They wou...
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Student Loan Forgiveness Still Alive

Forbes - 14 Oct 2021 18:14
Student Loan Forgiveness Still Alive Will your student loans get cancelled?
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Fed Officials' Favorite Dividends Have 56% Upside I'd really be tempted to "back up the truck" on key taper tantrum dividend stocks.
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Banks Releasing Pandemic Emergency Funds Suggest A Vote Of Confidence In The Recovery Financials were set to have a nice quarter and so far--they're delivering. But, will supply chain problems continue to aggravate the semiconductor shortage?
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