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Market News

Location American Market News for 20 October 2021
The move is a major setback in the real-estate giant's attempts to ease its liquidity crunch.
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GOP SEC Commissioner Criticizes Agency's Approach to Crypto

Wall Street Journal - 20 Oct 2021 22:57
Hester Peirce says regulators should work with the cryptocurrency industry to build rules that it can comply with.
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Blackstone Buying Majority Stake in Spanx

Wall Street Journal - 20 Oct 2021 16:00
The deal values Spanx at $1.2 billion. Spanx founder Sara Blakely will maintain a significant stake in the company and continue to oversee operations.
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Student Loan Forgiveness Will Never Happen If This Continues To Be The Best Strategy Student loans won't get cancelled if this continues.
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Switzerland's top financial cop says bank's senior management knew about some of the surveillance; firm had blamed rogue employees.
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Netflix Finds Even 'Squid Game' Only Has So Much Reach

Wall Street Journal - 20 Oct 2021 00:26
The new blockbuster series is helping to lift subscriber growth, but the in-line forecast tempers the reaction following a major stock price surge.
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IBM expects to spin out its managed infrastructure services unit early next month, CEO Arvind Krishna said in a statement. The move should boost revenue growth.
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Tesla reported earnings after the bell. Here are the results.
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Elliott Has Large Position in Canadian National

Wall Street Journal - 20 Oct 2021 23:36
Activist investor Elliott Management has a big stake in Canadian National Railway, adding to pressure on the railroad after its CEO resigned following a failed bid for rival Kansas City Southern.
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PayPal Is in Talks to Buy Pinterest

Wall Street Journal - 20 Oct 2021 21:30
PayPal is in talks to buy social-media platform Pinterest, which has a market value of more than $35 billion. Such a move would take the payments giant's business in a new direction.
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Budgeting apps to help manage your finances better

livemint.com - 20 Oct 2021 20:32
Budgeting apps to help manage your finances better We often tend to overspend, which leaves us with less money for savings
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If you have a high-risk portfolio, prepare mentally for volatile market movements At the end of the day, it would be good to have an allocation that is 30% in debt instruments (post office, PPF and 25% of NPS allocation), 10% in alternative assets and the remaining in domestic equity linked instrument...
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Are Bitcoin Prices At Risk Of A Pullback After Reaching Their Latest High? Bitcoin prices hit a fresh high today, but some market observers have pointed to technical analysis as indicating the cryptocurrency may be overbought. Are these concerns legitimate, or is bitcoin positioned for further ...
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5 Ways The Wealthy Stay Wealthy

Forbes - 20 Oct 2021 19:12
5 Ways The Wealthy Stay Wealthy For one, they don't just leave their money sitting around in some savings account. Here's what they do instead...
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Why Options Bulls Should Keep An Eye On Carnival Stock The shares of Carnival Cruise (CCL) have taken a breather this month, alongside many travel and reopening names, already down 10.5% in October.
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Novavax Stock Plunges As Manufacturing Problems Reportedly Imperil The Firm's Covid-19 Vaccine Novavax said it remains confident in its ability to bring a Covid-19 vaccine to market after shares plunged 20% Wednesday morning.
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Restaurant Earnings Set To Take A Hit From Higher Labor And Food Costs Restaurant earnings so far show that a challenging labor environment and higher food costs are likely to hurt industry profits.
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Bitcoin Price Surges to Record High

Wall Street Journal - 20 Oct 2021 17:20
The cryptocurrency traded as high as $66,283, powered by a wave of buying after the first U.S. exchange-traded fund linked to it started trading.
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E-Commerce Stocks To Buy Ahead Of The Holiday Shopping Season Our theme of E-Commerce Stocks - which is comprised of U.S.-based e-commerce companies as well as logistics, and payment players, has returned about 16% year-to-date, slightly underperforming the S&P 500 which remains up...
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Bitcoin Prices Hit Fresh, All-Time High Above $66,000 Bitcoin prices rallied today, approaching the $67,000 level. What fueled these latest gains? Analysts offer their two cents.
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What's New With DoorDash Stock?

Forbes - 20 Oct 2021 16:45
What's New With DoorDash Stock? DoorDash stock has gained almost 10% over the last week (five trading days), significantly outperforming the S&P 500 which declined by about 3% over the same period. There are a couple of factors driving the recent gains...
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Biogen Shareholders Face the Waiting Game

Wall Street Journal - 20 Oct 2021 16:44
Investor enthusiasm for Biogen won't come back until key questions about its new Alzheimer's disease drug are resolved.
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