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Location American Market News for 23 November 2021
The group plans next year to begin delineating how banks can legally get involved in the growing field.
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Semiconductors - The CHIPS Act: Why It Is, What It Is (Part 1) The CHIPS Act may become the biggest government intervention of its kind ever - 3 times bigger than Operation Warp Speed that fostered the Covid-19 vaccines. But is it fundamentally ill-conceived?
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Dick's Sporting Goods on Tuesday reported fiscal third-quarter earnings and sales that outpaced analysts' expectations.
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JPMorgan, Goldman Sachs Told to Boost Capital Buffers

Wall Street Journal - 23 Nov 2021 14:10
Global financial regulators told JPMorgan, Goldman Sachs and BNP Paribas to boost their capital buffers under rules intended to help avoid a repeat of the 2008 global financial crisis.
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Down 7% Last Week, What's Next For Western Digital Stock? Western Digital stock is down more than 7% in the past week (five trading days), completely underperforming the S&P 500 which was up just around 0.3%. If you look at the change over the last ten days and one month, too, ...
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Up 10% Last Week, Is Tesla Stock Poised To Rise Further? Tesla stock rallied by a solid 10% over the last week (five trading days) outperforming the S&P 500 which remained roughly flat over the same period. So what's driving the recent gains? On Friday, the U.S. House of Repre...
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Samsung Orders U.S. Chips, With a Side of Geopolitics

Wall Street Journal - 23 Nov 2021 13:20
Samsung's $17 billion Texas investment will buy it goodwill with U.S. politicians. But rising tensions over advanced-chip supply chains will remain a headache for the company.
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Turkish Lira Tumbles After Erdogan Defends Rate Cuts

Wall Street Journal - 23 Nov 2021 13:04
The country's currency crisis intensified after President Recep Tayyip Erdogan defended an unorthodox policy of cutting interest rates to fight soaring inflation.
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Covid Cases Are Rising Again. Buy Moderna Stock? Moderna stock rallied by about 12% over the last week (five trading days) outperforming the S&P 500 which remained roughly flat over the same period. The recent gains come as the U.S. authorized booster vaccine shots for...
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DocuSign, Zoom: With Covid Cases On The Rise, Should You Buy Work From Home Stocks? Our theme of Work From Home Stocks - which includes companies that provide software focused on connectivity, collaboration, and cybersecurity - has underperformed considerably, returning just about 1% year-to-date, compa...
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El Salvador to Issue 'Bitcoin Bond' Next Year

Wall Street Journal - 23 Nov 2021 01:59
The Central American country, the first to adopt bitcoin as a national currency, aims to raise $1 billion to buy bitcoin and invest in bitcoin-related infrastructure.
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Zoom indicated that revenue growth will slow to 19% in the current quarter, compared with over 300% growth last year following the onset of the coronavirus.
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Bitcoin Prices Fall To Their Lowest In Almost 6 Weeks Bitcoin prices suffered some losses today, declining to a multiweek low. What caused this latest drop? Several analysts weigh in.
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Don't miss these benefits while filing your income-tax returns If you are planning to file your tax return under the old regime, it would pay to look deeper into your finances
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'India is moving in right direction on financial planning' Our vision is to have financial planning recognized as a professional practice that benefits consumers around the world, says Noel Maye, CEO, FPSB
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How is tax on rent on multiple house properties determined? When a taxpayer owns multiple properties, the income tax (IT) rules allow him/her to claim any two house properties as self-occupied, subject to some conditions
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If my brother-in-law died intestate, who will be the legal heir? Note that the property of the deceased is distributed among the Class II heirs only in the absence of surviving Class I heirs
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Best Buy Looks Like a Black Friday Deal

Wall Street Journal - 23 Nov 2021 20:15
The retailer beat expectations, but nervous investors were hoping for more as they fret about how sustainable growth can be.
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How much tax do you pay on equity investments?

livemint.com - 23 Nov 2021 19:44
How much tax do you pay on equity investments? Given that different equity assets have different tax rules, an investor must take a careful look at the suitability of an investment in terms of taxes too
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How To Afford The Costly Care Of Your Aging Parents Life happens, your parents age and, often, caretaker roles reverse. But can you afford to care for your parents?
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Yields Rise As Fed Chair Gets Nod From President Biden Markets appeared to be factoring the possibility of a more dovish Lael Brainard getting the Fed Chair nomination because Powell's renomination prompted a rally in yields.
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Sprouts Farmers Market Is Improving Profits And Creating Shareholder Value Despite missing top-line estimates in 3Q21 and giving back some of the pandemic-induced sales of 2020, this company is more profitable than it was pre-pandemic and is expanding its reach.
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