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Market News

Location American Market News for 5 May 2022
Nikola reported a Q1 loss per share that was narrower than Wall Street expected and confirmed that its fuel cell truck is on track for a 2023 launch.
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Shopify announced it would buy Deliverr, which provides fulfillment services for online merchants, for $2.1 billion, the largest acquisition in its history.
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Relative Strength Alert For Amazon.com

Forbes - 5 May 2022 20:20
Relative Strength Alert For Amazon.com In trading on Thursday, shares of Amazon.com entered into oversold territory, hitting an RSI reading of 25.6, after changing hands as low as $2315 per share.
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Sweetgreen sales jumped 67%, fueled by more customer transactions and menu price hikes.
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Peloton Seeks Minority Investment to Shore Up Business

Wall Street Journal - 5 May 2022 22:41
The fitness company is targeting potential investors including industry players and private-equity firms that could take a stake of around 15% to 20%, according to people familiar with the matter.
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Bond Slide Intensifies, Rattling Other Markets

Wall Street Journal - 5 May 2022 22:26
The yield on the benchmark 10-year U.S. Treasury settled at 3.066%, its highest close since November 2018.
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The Stock Market Panic Is Here

Forbes - 5 May 2022 22:01
The Stock Market Panic Is Here The "safety first" rush is on, and it is a powerful move
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Bitcoin Slides Below $37,000 as Investors Unwind Risky Bets

Wall Street Journal - 5 May 2022 20:53
Cryptocurrencies have traded more in line with other risk assets, like growth and tech stocks.
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How affluent investors are battling rising interest rates Rich investors, particularly HNIs, had braced for potential rate hikes six-nine months back
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How to invest if you want to earn a corpus of ₹75 lakh in 6 years? The allocation to the equity holdings can be started small via debt hybrid funds as well as balanced advantage funds with the total equity holding not exceeding 10% to start with
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What borrowers can do to tackle the rising interest rates on loans A one-time lump-sum pre-payment erases the added interest from the rate rise
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The eye-care company, a spinoff of Bausch Health, is set to test the beleaguered new-issue market on Friday.
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Shopify's Pain Comes Long Before Gain

Wall Street Journal - 5 May 2022 18:39
Canadian e-commerce upstart Shopify unveiled its $2.1 billion acquisition of fulfillment technology provider Deliverr just in time for the marketwide e-commerce slump.
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Policies--and prices--vary. So make sure you know what you're buying, and whether you want to do it on your own.
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Wayfair Loses Its Way

Wall Street Journal - 5 May 2022 17:30
The online furniture seller is contending with tough conditions for both e-commerce and furniture sales.
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Shell's Foggy Outlook Sways Investors but Not Politicians

Wall Street Journal - 5 May 2022 16:42
Record profits have raised the risk of a U.K. windfall tax, even though investors don't expect the good times to last.
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Private sector banks hike their fixed deposit rates

livemint.com - 5 May 2022 16:21
Private sector banks hike their fixed deposit rates Kotak Mahindra Bank said the rate of interest on the popular, 390-day (12 months and 25 days) deposit has been raised by 30 bps to 5.5% and that on the 23-month deposit by 35 bps to 5.6%
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Wayfair Stock 78% From Peak, As Active Customer Count Falls 23.4% Wayfair's active customer count is decelerating and its stock has lost 78% of its value. How long before it grows again?
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Will Paramount's Streaming Push Help Or Hurt Its Stock? The year-over-year revenue decline was largely due to the impact of the company's TV Media division not airing the Super Bowl, which moved to Comcast this year, resulting in lower advertising sales.
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The payout is hard to resist for many people. But they should resist anyway.
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Don't Fight The Fed: Sell These Stocks Now

Forbes - 5 May 2022 15:39
Don't Fight The Fed: Sell These Stocks Now In bull markets, we buy the dips. In bear markets, we sell the rips.
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Beer Shows Pricing Muscle Despite Its Underdog Status

Wall Street Journal - 5 May 2022 15:08
Global brewers Anheuser-Busch InBev and Heineken managed to charge drinkers more than liquor-obsessed investors expected.
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