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Market News

Location American Market News for 3 May 2022
Restaurant Brands International reported results that beat expectations, fueled by strong same-store sales growth from Burger King's overseas restaurants.
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SEC to Hire More Cryptocurrency Cops to Fight Digital Frauds

Wall Street Journal - 3 May 2022 11:00
The Securities and Exchange Commission intends to add 20 investigators and litigators as it urges more oversight of the unregulated $1.7 trillion market.
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Pfizer said it sold $13.2 billion of its Covid vaccine and $1.5 billion of its antiviral treatment Paxlovid.
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It's Howard Schultz's first earnings report since taking back the top job at Starbucks in early April.
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AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue.
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Airbnb said it's seen substantial growth in bookings despite pandemic concerns, "macroeconomic headwinds" and the war in Ukraine.
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Musk Plans to Take Twitter Public a Few Years After Buyout

Wall Street Journal - 3 May 2022 22:40
Tesla CEO Elon Musk says he could stage an initial public offering for the social-media company within three years of its acquisition.
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Student Loan Cancellation Could Be Limited To Borrowers Who Earn $125,000 Expect student loan forgiveness to be limited based on your income.
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Why Weekend Investing founder's portfolio has 30% gold exposure Jain invests through sovereign gold bonds, gold exchange-traded funds, and physical gold
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Don't Fight The Fed

Forbes - 3 May 2022 19:47
Don't Fight The Fed To support the economy after COVID, the Federal Reserve massively increased their holdings of mortgages and bonds, totaling $9 trillion by the end of first quarter 2022.
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Tax on your gold and real estate investments

livemint.com - 3 May 2022 19:35
Tax on your gold and real estate investments Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes
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How to calculate HRA exemption

livemint.com - 3 May 2022 19:31
How to calculate HRA exemption The HRA component can be claimed only when the taxpayers has actually paid rent for the residential accommodation
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Does a second wife have rights to her husband's property? The Hindu Succession Act (HSA) lays down how the estate of a Hindu male will pass in such circumstances
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The anomaly in India's interest rate structure

livemint.com - 3 May 2022 19:03
The anomaly in India's interest rate structure When RBI commences a hike in interest rates, the anomaly will start reducing
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Tariff Case Darkens Prospects for U.S. Solar

Wall Street Journal - 3 May 2022 18:48
The latest solar tariff case highlights just how much uncertainty can slow growth in the renewable-energy industry.
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The best protection from this volatility is to have a long-term financial plan and stick with it, advisers say.
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What To Watch For In NY Times' Stock Post Q1? New York Times' stock (NYSE: NYT), a diversified media company that includes newspapers, internet businesses, television, and radio stations, is scheduled to report its Q1 2022 results on Wednesday, May 4.
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4 Reasons Your Student Loans May Not Get Canceled You may not get student loan cancellation.
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How To Get $4,417 Of Monthly Dividend Income With Just $450K Saved Today I want to show you how to do the unthinkable and retire in seven years--starting with a $0 nest egg.
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Starbucks Stock To Trade Higher Post Fiscal Q2 Results? Overall, Starbucks Rewards accounts for 53% of total store spending in its stores, which is the highest level ever and is an increase of three points from fiscal Q1 2021.
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Morgan Stanley's Frankfurt Offices Searched Over Tax Case

Wall Street Journal - 3 May 2022 16:20
The bank's offices were searched in connection with a yearslong tax-fraud probe that has embroiled several financial companies across Europe.
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Welltower Made All-Cash Offer for Healthcare Realty Trust

Wall Street Journal - 3 May 2022 16:11
The big healthcare-focused real-estate investment trust made a nearly $5 billion all-cash bid for Healthcare Realty shortly after the smaller REIT agreed to merge with a rival earlier this year.
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