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Market News

Location American Market News for 28 April 2022

The Case for Taking the 'G' Out of ESG

Wall Street Journal - 28 Apr 2022 17:00
Why governance isn't a good way to measure a company's commitment to stakeholders.
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Unilever's Activist Truce Should Hold for Now

Wall Street Journal - 28 Apr 2022 14:47
Activist investor Nelson Peltz has remained in the background so far and the company's latest results should help to keep it that way.
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'It's Deja Vu'--Legendary Trader Who Called 2018's Bitcoin Crash Issues Stark Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, And Dogecoin Sink A legendary analyst who called the 80% bitcoin crash in 2018 say the bitcoin price is in for another major shakedown. Meanwhile, the price of ethereum, BNB, XRP, solana, cardano, and dogecoin is mixed.
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Amazon gave a revenue forecast that trailed analysts' estimates and recorded a big loss on its Rivian investment.
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Intel called for weaker-than-expected second-quarter earnings and revenue as it plans exapansion through factories in the U.S. and Germany.
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Robinhood was up against some tough comparisons in the first quarter, when interest in so-called meme stocks in 2021 fueled its rapid growth.
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Robinhood Shares Crater After Dismal Earnings, Monthly Active Users Fall 10% From A Year Ago Robinhood's stock plunged amid a drop in users and shrinking revenue.
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With Russia moving to pinch natural gas supplies to parts of Europe, U.S. and European Union officials are indicating that they are more open to longer-term deals to ship American fuel across the Atlantic.
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Claiming dividend when demat nomination is missing

livemint.com - 28 Apr 2022 20:30
Claiming dividend when demat nomination is missing Legal heirs need to submit a succession certificate when shares value exceeds ₹5 lakh
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Is it mandatory to buy insurance cover for your property loan? RBI or the insurance regulator do not mandate that you buy insurance for the purpose of availing of a loan
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Faceless taxation regime: Are you being heard by the tax authorities? Consultation with taxpayers should happen round the year, not just during budget time
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Russia relies on exporters like discreet Swiss firm Trafigura to sell its crude supply, but Ukraine invasion tested even their legendary tolerance for risk.
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Cathie Wood's Ark Fund Plunges To Two-Year Low As Teladoc Stock Crashes, Tesla Slips Again After skyrocketing 150% in 2020, Ark's flagship fund has plunged nearly 70% from an all-time high last year.
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Natural-Gas Producers: In Thin Air

Wall Street Journal - 28 Apr 2022 19:09
Geopolitical risks are pushing natural-gas prices, and producer stocks, to the stratosphere.
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Why a hike in MCLR by banks may not affect you

livemint.com - 28 Apr 2022 18:59
Why a hike in MCLR by banks may not affect you Floating rate retail loans taken after 30 September 2019 will not be affected because they're not linked to the MCLR
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PayPal Hits the Reset Button

Wall Street Journal - 28 Apr 2022 17:36
The company made sharp cuts to its guidance for 2022, but its shares could now stabilize as investors look toward the next big things in digital finance.
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The GDP Mirage

Wall Street Journal - 28 Apr 2022 17:33
Gross domestic product contracted last quarter. What went on with the economy is a different story.
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GlaxoSmithKline Reports Robust 1Q22 Earnings; Beats Street Estimates GSK delivered a stellar result for 1Q22, with turnover increasing 32% YOY (32% YOY constant exchange rate or CER) to £9.8 billion (10.5% vs. consensus).
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Why Did VALE Stock Decline Sharply In Recent Weeks? Stock Has Underperformed Broader Markets VALE stock declined from levels of around $13.60 in February 2020 (pre-crisis peak) to levels of around $7 in March 2020 (as the markets bottomed out), implying VALE stock lost 50...
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Twitter Isn't Rid of Wall Street

Wall Street Journal - 28 Apr 2022 16:12
Its revenue growth is slowing, and even after going private Twitter won't be free of the need to grow given its debt to Wall Street banks.
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Is This Stock A Better Pick Over Occidental Petroleum? With rising production numbers and benchmark oil prices, both companies reported strong growth figures in 2021.
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The "4% Withdrawal" Fallacy Gets Worse

Forbes - 28 Apr 2022 15:36
The For decades, plain vanilla financial advisors have pitched a "4% withdrawal rate" as a retirement solution...
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