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Market News

Location American Market News for 11 May 2022
Coinbase earnings missed analyst estimates and shares fell as much as 19% in extended trading.
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Cryptocurrency TerraUSD Plunges as Investors Bail

Wall Street Journal - 11 May 2022 10:07
The so-called algorithmic stablecoin nosedived to less than a quarter of its original $1 value.
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Where Are Bitcoin Prices Heading Next After Falling Below $30,000? Bitcoin prices fell to their lowest since July yesterday. What's next for the digital currency? Several experts offer their input.
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Beyond Meat reported a wider-than-expected loss for its first quarter as it offered steeper discounts and cheaper prices to international consumers.
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Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it's still on track to build 25,000 vehicles this year.
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The SEC is investigating the Tesla CEO for tardy notification after he bought 5% of Twitter's stock, say people familiar with matter. The FTC has a separate probe under way of purchase reporting.
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Wall Street Thinks These Stocks--Including McDonald's, Dollar General And Visa--Can Weather Market Volatility Wall Street experts still see opportunities in the healthcare, financial and consumer sectors.
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Dow Falls 300 Points As Red-Hot Inflation Report And Sinking Tech Stocks Drag Markets Lower Consumer prices fell for the first time in eight months--but remain elevated.
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The importance of emergency funds, understanding from an Arjuna awardee The family dipped into its personal debt investments and business reserves during covid
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Bullish Trendline Could Help Bunge Stock Resume Rally The shares of Bunge (BG) are staging a bounce off the $107 level, an area that coincides with a historically bullish trendline.
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Kohl's Proxy Fight Victory Is Only the Beginning

Wall Street Journal - 11 May 2022 19:34
Kohl's won against the activist investor in Wednesday's proxy fight, but more daunting tasks remain ahead.
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Retail investors catch falling knives, don't chase momentum The mentality of retail investors is essentially driven by anchoring
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How should you plan monthly withdrawals after retirement? It is always better to plan for your post-retirement monthly withdrawal as it ensures your independence and also reduces the possibility of outliving your savings
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Musk's Twitter Deal Is No Sure Thing

Wall Street Journal - 11 May 2022 18:42
If you believe in Elon Musk, then here is a pot of free money that Wall Street is ignoring.
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Earnings Beat In The Cards For Tapestry's Stock? Tapestry (NYSE: TPR), a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, is scheduled to report its fiscal third-quarter results on Thursday, May 12.
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Why Did Freeport-McMoRan Stock Lose 30% In Value? Despite the Russia-Ukraine war causing volatility in the energy markets and hurting discretionary spending, Freeport maintained its full-year sales and cash flow projections.
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Portfolio Protection: 5 Strategies To Preserve Your Capital Here are seven ways to protect your portfolio--and four moves to avoid altogether.
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'Crypto Winter' Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater Coinbase stock hit a record low after management revealed the firm's first net loss as a publicly traded company.
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Crypto Winter May Be Harsh for Coinbase

Wall Street Journal - 11 May 2022 17:34
The company plans to invest even if crypto activity continues to fall, but investors may not have the same patience.
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Duke Realty called the unsolicited offer insufficient. Prologis on Tuesday made its all-stock offer for Duke Realty public following more than five months of private overtures.
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Inflation Has a Long Way to Fall to Stop Being a Problem

Wall Street Journal - 11 May 2022 17:04
Even if inflation eases in the months ahead, the Federal Reserve might not offer much to investors in the way of relief.
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Is Goldman Sachs Stock Fairly Priced?

Forbes - 11 May 2022 17:00
Is Goldman Sachs Stock Fairly Priced? The asset management division suffered due to net losses in equity investments and lower lending and debt investments revenues.
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