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Market News

Location American Market News for 29 March 2022
Singapore Billionaire Forrest Li's Sea Shuts Indian E-Commerce Unit Amid Global Market Uncertainties Sea Ltd.--controlled by Singapore billionaire Forrest Li--is shutting down its Shopee India unit as the loss making tech giant consolidates its e-commerce business following an aggressive global expansion in recent years...
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Why US Bancorp Is A Top 25 Dividend Giant

Forbes - 29 Mar 2022 15:13
Why US Bancorp Is A Top 25 Dividend Giant US Bancorp has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $4.99B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 3.24% yield
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How much tax do you pay on bond investments

livemint.com - 29 Mar 2022 22:30
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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What's the difference between Section 5 and Section 6 of MWPA? Section 6 of the MWPA pertains to the policy of insurance effected by any married man on his own life and to the benefit of his wife
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Is LRS a smart route to build global wealth?

livemint.com - 29 Mar 2022 21:31
Is LRS a smart route to build global wealth? HNIs are resorting to increased LRS where the limit is not on the fund
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FTC Sues Intuit Over TurboTax Ads Offering Free Tax Filing

Wall Street Journal - 29 Mar 2022 20:06
The agency is asking a court to stop Intuit from advertising that TurboTax users can file their taxes for free, alleging its marketing practices are deceptive.
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Second Biggest Crypto Hack Ever: $600 Million In Ethereum Stolen From NFT Gaming Blockchain The attack is the largest since a $600 million hack of blockchain-based platform Poly Network in August.
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A Bermuda court orders the bank to pay $555 million in damages to former Georgia Prime Minister Bidzina Ivanishvili.
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Mortgage Rates Approach 5% As Fed Tightens And Inflation Rattles Bond Markets Mortgage rates approached 5% on Friday, the highest daily average in more than four years, as inflation fears spooked financial markets and the Fed ended a two-year program that boosted demand for bonds containing home l...
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It Will Take a While for Hiring to Get Ground Down

Wall Street Journal - 29 Mar 2022 18:17
The need for workers is so intense that it could be a long time before interest-rate increases cool off hiring.
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Billionaire Saylor's MicroStrategy Takes On $205 Million Loan To Buy More Bitcoin As Experts Eye $50,000 Price MicroStrategy tacked on to its growing debt load as the price of bitcoin skyrockets from this month's lows.
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Robinhood Is Offering Extended Trading Hours, Eyes 24/7 Trading

Wall Street Journal - 29 Mar 2022 16:48
The brokerage is expanding its trading hours in an attempt to combat slowing growth tied to trading revenue.
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Biden Could Cancel Student Loans While Ending Student Loan Relief Student loan cancellation, but ending student loan relief.
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How This Dividend Strategy Can Save You In A Market Storm If you're like most investors I hear from these days, you're suffering from a serious case of market vertigo.
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India's Zomato Needs to Expand the Menu, Quickly

Wall Street Journal - 29 Mar 2022 15:44
Indian technology heavyweight Zomato has built a solid foundation in food delivery. But its competition is moving aggressively into adjacent areas like quick commerce.
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A Quality Exec Comp Plan Lowers The Risk Of Investing In Commercial Metals Company This Model Portfolio only includes stocks that earn an attractive or very attractive rating and align executive compensation with improving ROIC.
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Squarespace: Square Peg Meets Round Hole

Forbes - 29 Mar 2022 15:40
Squarespace: Square Peg Meets Round Hole The fundamentals of this business simply don't justify the expectations baked into its stock price.
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Billionaire Sun Hongbin's Sunac Delays Financial Results, Will Suspend Share Trading The troubled builder joins a wave of struggling property firms - including Sinic, China Evergrande, Kaisa Group and Shimao Group - in delaying their financial reports.
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10 Resource Sector Experts Shine A Light On Gold & Silver 10 resource specialists and contributors to MoneyShow.com highlight their favorite stocks and ETFs for investors seeking exposure to gold and silver.
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The American financial institution lost its role managing Hong Kong's largest exchange-traded fund, after being criticized last year for briefly following a U.S. investment ban on some Chinese shares.
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Saudis, U.A.E. Rebuff Calls to Sever Russian Oil Alliance

Wall Street Journal - 29 Mar 2022 14:38
The two influential OPEC member said the group had a long history of working together through armed conflicts.
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Nielsen Agrees to $16 Billion Private-Equity Sale

Wall Street Journal - 29 Mar 2022 13:59
A consortium led by Elliott Management's private-equity arm and Brookfield Asset Management agreed to pay $28 a share for the TV ratings company.
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