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Market News

Location American Market News for 7 December 2021
Bitcoin Just Surpassed $50,00, But Will These Latest Gains Last? Bitcoin prices have bounced back after their weekend decline. Will the digital currency stay above $50,000? Market experts emphasize key considerations for the cryptocurrency.
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Congresswoman Pushes Student Loan Cancellation, But Gets Push Back For High Salary Student loan cancellation for her student loans, but she doesn't qualify.
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Is Bitcoin Heading For A Santa Claus Rally As The Year Winds Down? Bitcoin prices have experienced some notable volatility. Is the digital currency headed for a rally in the coming weeks? Market experts weigh in.
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Biden's Nominee to Oversee National Banks Withdraws

Wall Street Journal - 7 Dec 2021 23:23
Saule Omarova, President Biden's nominee to oversee large national banks, withdrew from consideration, amid opposition from Republicans and moderate Democrats who had sought to block her nomination.
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No, Biden Won't Extend Student Loan Relief Again No, President Joe Biden won't extend student loan relief beyond January 31, 2022.
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EPA Cuts Ethanol Requirement for Gasoline

Wall Street Journal - 7 Dec 2021 22:30
Refiners say ethanol requirement contributes to high gas prices.
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What works and what does not in silver exchange-traded funds Since silver is bulky in nature and difficult to store, the ETF model is one of the preferred ways for investors
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What happens to the FD account if the deposit holder dies? In India, the law relating to gifts is broadly governed by the provisions of the Transfer of Property Act, 1882, and the Indian Contact Act, 1872
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Here is how to save long-term capital gains tax on real estate If a taxpayer sells a property and reinvests the proceeds in specified assets within the specified time frame, he can claim capital gains exemption
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How much tax do you pay on bond investments?

livemint.com - 7 Dec 2021 20:33
How much tax do you pay on bond investments? Among debt instruments in India, there are various types of bonds available, with different features-duration, tax benefits, coupon rates and lock-ins
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The cryptocurrency's recent volatility points to the crypto market's growing connection to traditional asset classes.
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Intel Will Race to Cash In Its Car Chips

Wall Street Journal - 7 Dec 2021 19:30
Spinning Mobileye into a hot auto tech market makes sense--if it can be done in time.
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Earnings Preview: What To Expect From Dave & Buster's Today Dave & Buster's Entertainment Inc. is scheduled to report earnings after Tuesday's close. Here's a closer look.
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Earnings Preview: What To Expect From Toll Brothers Today Toll Brothers Inc. is scheduled to report earnings after Tuesday's close. Here's a closer look.
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Merck Enters Oversold Territory

Forbes - 7 Dec 2021 18:47
Merck Enters Oversold Territory But making Merck an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of MRK entered into oversold territory, changing hands as low as $71.50 per share.
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Intel Plans Potential $50 Billion IPO For Its Israeli Self-Driving Car Unit, Shares Rise Intel shares have largely struggled this year but rose more than 4% on Tuesday.
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Time limit for submission of life certificate by pensioners has been extended to December 31 In a reform meant for the elderly population considering the Covid-19 situation, the government announced the decision to extend the time limit to December 31 from the earlier November 30 submission date.
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AMC Is Still Not Worth Buying At Any Price

Forbes - 7 Dec 2021 17:01
AMC Is Still Not Worth Buying At Any Price With little recovery of its pre-pandemic business, this meme-favorite looks more dangerous than ever.
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VIX Drops Ahead Of The Open As Investor Uncertainty Falls On Omicron News Equity index futures rally across the board. Technology stocks look to join the rally as Intel, Nvidia, and Apple rally ahead of the open. Stocks rally on news that Omicron may not be as bad as earlier variants. VIX fall...
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The flood of everyday Americans into options trading has drawn a skeptical eye from U.S. regulators, who are considering possible rule changes for the era of smartphone brokerage apps.
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Crypto stocks were up as bitcoin prices recovered; Intel will list shares in its Mobileye self-driving-car unit.
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The failure to make payments due on some U.S. dollar bonds Monday, according to people familiar with the matter, potentially sets the stage for a massive default and one of the China's biggest debt restructurings.
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