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Market News

Location American Market News for 20 May 2022
Got a salary hike? Here is how to plan your investment in order to save taxes If the salary hike has put you in the taxable bracket, choose investments that qualify for the Section 80C tax deduction
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SEC Probe Looms Over Auditors' Fastest-Growing Businesses

Wall Street Journal - 20 May 2022 14:00
A conflict-of-interest investigation of accounting industry practices includes nonaudit services, such as those involving an electric-vehicle startup.
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The S&P 500 Just Printed A Rare Demark Buy Signal The S&P 500 Index is flirting with bear market territory. If you're thinking about selling down equity exposure now, though, you may want to push pause on that decision. One of the best technical indicators on the planet...
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Tesla Is Being Booted From The ESG Index

Forbes - 20 May 2022 19:48
Tesla Is Being Booted From The ESG Index Tesla was kicked out of the index within the S&P 500 that encompasses companies that prioritize environmental, social and governance (ESG) issues.
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China Covid Lockdowns Threaten To Fuel U.S. Inflation As Economic Pessimism Grows Months-long shutdowns prompted factory closures that have been an "epic disaster" for tech giants like Tesla and Apple.
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How to Donate Cryptocurrency to Charities

Wall Street Journal - 20 May 2022 18:00
As more people invest in digital currencies, they also are looking to use the asset as part of their annual giving.
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How to Face Up to Buying the Dips

Wall Street Journal - 20 May 2022 17:02
Buying stocks as they drop is harder than it sounds. Here's one strategy that might help keep you on course in turbulent times.
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Tech Rout May Take the Shine Off Cartier's Owner

Wall Street Journal - 20 May 2022 16:48
Investors would like Swiss luxury group Richemont to sell its loss-making online-fashion retailer. That is unlikely with technology stocks in the doldrums.
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Can Nokia Stock Continue Weathering The Storm In The Broader Markets? Nokia's most recent Q1 '22 earnings saw revenue rise to $5.66 billion, up from $5.38 billion in Q1 '21.
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Many retirees have blind spots that could prevent them from seeing why it might make sense to get back to work, at least part time
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Senior Executives Flee Russian Oil Giant Rosneft

Wall Street Journal - 20 May 2022 14:41
The Russian state oil giant is shedding senior executives and board members, a brain drain that stands to weaken a prime driver of the country's economy while Moscow wages war on Ukraine.
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Dave Ramsey: Student Loans Are What Dave Ramsey thinks about student loan cancellation.
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Time To Take Positions In Vail Resorts Stock? In 2021, Vail Resorts reported $1.9 billion of total revenues - just 16% lower than pre-pandemic levels.
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Housing Boom Is on Borrowed Time

Wall Street Journal - 20 May 2022 13:03
Hot housing sales cooled a bit after mortgage rates rose, but the number of homes on the market remains relatively low and prices are generally holding up. It could be just a matter of time.
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Should You Buy Tapestry's Stock Post Fiscal Q3? The retailer's stock jumped on beating both top and bottom lines in the recent fiscal third quarter in the face of a high inflationary environment.
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For U.S. Inflation, China's Slowdown Is a Double-Edged Sword

Wall Street Journal - 20 May 2022 12:03
China's manufacturing juggernaut is being punished by lockdowns in Shanghai and elsewhere. The impact on prices will spread.
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This Gene Sequencing Company Is A Better Pick Over Walgreens Stock We think that Illumina stock (NASDAQ: ILMN) currently is a better pick compared to the Walgreens stock (NYSE: WBA), despite it being the more expensive of the two, trading at 7.8x trailing revenues compared to 0.3x for W...
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The Recession Trade Is On

Wall Street Journal - 20 May 2022 11:33
Consumer-staples companies, which had been relatively shielded from the market turmoil, have taken a hit.
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Nine out of 10 callers can't get the Internal Revenue Service on the phone, and some are so desperate they'll wait in line for hours to get tax help. There has to be a better way.
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The New Top Gun Will Need Mighty Wings

Wall Street Journal - 20 May 2022 11:30
Paramount and theater operators are betting big on a sequel with 36-year time lapse that may not appeal to the superhero crowd
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Surging Dollar Raises Possibility of Euro Parity

Wall Street Journal - 20 May 2022 11:20
The euro's slide against the dollar is breathing new life into a two-decade old question: Will this be the year the currencies reach parity?
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U.S. Stock Futures Jump on China Rate Cut

Wall Street Journal - 20 May 2022 10:52
Global stocks and U.S. equity futures rose, recovering some ground after the S&P 500 came close to falling into a bear market and the Chinese central bank cut a key interest rate.
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