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Market News

Location American Market News for 10 February 2022
How Parents Can Get Student Loan Forgiveness Will your student loans get cancelled?
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Why Today's Gift Giver May Hurt You Tomorrow

Wall Street Journal - 10 Feb 2022 19:00
A new study suggests that the giver of gifts may feel entitled to behave badly in the future.
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Inflation Spiked 7.5% In January--Hitting Nearly 40-Year High For the third month straight, inflation is rising at the quickest rate in nearly 40 years.
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The report is the first under new CEO Parag Agrawal after Jack Dorsey stepped down from the role in November.
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Coca-Cola earnings topped Wall Street's estimates, but the company's 2022 forecast was weaker than expected.
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More Unwelcome Surprises at Credit Suisse

Wall Street Journal - 10 Feb 2022 14:55
After a profit warning only last month, Credit Suisse's full-year results should have been boring. Instead, the beleaguered Swiss bank had more bad news.
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European food delivery firm Delivery Hero saw its share price plunge Thursday after announcing earnings guidance that disappointed traders.
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Shareholders Reign Supreme Despite CEO Promises to Society

Wall Street Journal - 10 Feb 2022 14:40
Stakeholder capitalism has turned out to be standard shareholder capitalism, with a smiley face.
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Down 7% In A Month, Will Old Dominion Freight Line Stock (ODFL) Rebound? Earlier this month, ODFL reported its Q4 results, which topped the street estimates, resulting in higher levels for its stock.
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The stress test will feature a scenario in which markets seize up and unemployment jumps to 10%.
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Zendesk Receives Takeover Approaches From Private-Equity Firms

Wall Street Journal - 10 Feb 2022 23:03
Thoma Bravo and other firms have made takeover approaches to Zendesk, which is also facing a proxy fight from an activist investor seeking to scuttle a proposed acquisition of SurveyMonkey's parent company.
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Dow Plunges 500 Points As 'Market Anxiety' Returns After Latest Inflation Surge Investors may be in for a "rough ride" until surging inflation levels moderate.
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How much a house costs in Kolkata

livemint.com - 10 Feb 2022 22:30
How much a house costs in Kolkata Our compilation of property prices of prominent localities in major cities and surrounding areas across India may help you compare and make an informed decision
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Can insurance companies' mergers affect claims?

livemint.com - 10 Feb 2022 20:46
Can insurance companies' mergers affect claims? Health insurance policy sold by insurance company remains intact after merger with another company
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Will budget suck the life out of crypto trading?

livemint.com - 10 Feb 2022 20:45
Will budget suck the life out of crypto trading? 30% tax, 1% TDS and no provision for loss set-off and carry forward set to impact investors
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Wynn Resorts Stock Extends Climb Before Earnings The shares of Wynn Resorts (WYNN) were last seen up 1.3% to trade at $95.02, recently toppling pressure at the 140-day moving average.
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The Securities and Exchange Commission proposed to shorten the window for shareholders to alert the market when they build an ownership stake of more than 5% of a company's stock, a likely setback to activist investors.
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'Significant Resolutions' Of Foreign Bribery Cases Expected This Year International business can expect tougher FCPA enforcement, based on a jump in SEC whistleblower submissions and steps the Biden administration is taking.
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Why does capital gains tax regime need a relook?

livemint.com - 10 Feb 2022 19:40
Why does capital gains tax regime need a relook? The capital gains tax structure in India is complicated, and it is time for a relook, revenue secretary Tarun Bajaj told business leaders in a post-budget interaction on Wednesday. Mint shows what the current structure l...
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Keep investing in equity linked savings scheme even after lock-in period ELSS are open ended fund, i.e, investors can redeem on any day of their choice
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What should be the retirement corpus we ought to look at? You should plan to increase your monthly savings in mutual funds along with your increase in your monthly income
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Will Under Armour Stock See Higher Levels Following Its Q4? We expect Under Armour stock to trade higher post-fiscal Q4 2021 results with revenues and earnings likely beating consensus.
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