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Market News

Location American Market News for 27 May 2022

How to Weather This Stock Market Storm

Wall Street Journal - 27 May 2022 17:00
For some Main Street investors, this year's decline doesn't feel like a calamity. It feels like an opportunity.
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TerraUSD Crash Led to Vanished Savings, Shattered Dreams

Wall Street Journal - 27 May 2022 13:00
A surgeon in Massachusetts can't stop thinking about how he lost his family's nest egg. People who put their money in TerraUSD thought it would be safe.
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Is CSX Stock A Good Buy At $31?

Forbes - 27 May 2022 14:00
Is CSX Stock A Good Buy At $31? The current high inflationary environment, rising interest rates, and recession fears have weighed on railroad stocks.
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EY Split-Up Plan Exposes Accounting-Firm Rift

Wall Street Journal - 27 May 2022 18:46
Two rivals of Ernst & Young say they are not going along with its idea to divide auditing and consulting businesses.
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Broadcom Is Buying VMWare For $61 Billion

Forbes - 27 May 2022 18:41
Broadcom Is Buying VMWare For $61 Billion The deal would see shareholders receiving cash consideration of $142.50 per share or a swap of 0.252 Broadcom stock per VMWare share.
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As Long as Paychecks Keep Coming, Spending Can Hold up

Wall Street Journal - 27 May 2022 18:36
Americans might be in a funk, but unless they start getting concerned about the job market, don't worry too much about them cutting back on their spending.
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Ruble's Rally Stumbles After Interest-Rate Cut

Wall Street Journal - 27 May 2022 17:47
The Russian currency ranked as the best performing major currency this year, but it slipped after latest central bank intervention.
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White House Denies Report Of $10,000 Of Student Loan Forgiveness: The White House has denied a report that President Joe Biden will enact $10,000 of student loan cancellation.
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Looking Forward and Remembering

Forbes - 27 May 2022 16:02
Earnings season is coming to an end. Markets will now turn their attention to a slew of upcoming economic data.
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Will Las Vegas Sands Stock Climb The Ladder Again? Penn's sports betting application Barstool is also gaining popularity in the U.S. Given the low intensity of competitive rivalry faced by Las Vegas Sands, Trefis believes that it is a better pick to realize long-term gai...
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LIC unveils savings life insurance plan Bima Ratna. 10 key features LIC's Bima Ratna plan offers financial support for the family in case of the unfortunate death of the policyholder during the policy term and also provides for periodical payments for the survival of the policyholder at ...
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Big Oil Has a New Unknown: Taxes

Wall Street Journal - 27 May 2022 15:49
The new U.K. "energy profits levy" shows how easily policy can be usurped by politics, bringing more unpredictability to the energy transition.
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American Express Stock Topped The Street Expectations In Q1, Is It Fairly Priced? The credit card giant topped the consensus estimates of revenues and earnings in the first quarter.
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Japan's Small Banks Might Finally Show Investors the Money

Wall Street Journal - 27 May 2022 14:04
Investors have never been in much love with Japan's small banks. The prospect of a gradual move to clean up their balance sheets may change that.
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Coinbase Leaders Net $1.2 Billion in Share Sales

Wall Street Journal - 27 May 2022 14:00
The haul taken by two co-founders and two executives contrasts with the sharp decline in the shares since they became available to the public last year.
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What's Happening With Li Auto Stock?

Forbes - 27 May 2022 13:00
What's Happening With Li Auto Stock? For perspective, Li Auto has guided deliveries of between 21,000 and 24,000 vehicles for Q2, marking a decline of over 20% from Q1 levels, due to Covid-19 related disruptions.
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What Makes DexCom Stock A Better Pick Over This Insulin Pump Maker? We believe that this gap in the valuation of these two companies does not make sense, given that DexCom has demonstrated better revenue growth and profitability than Insulet.
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Stocks This Week: Sell Short Apple And PNC

Forbes - 27 May 2022 12:00
Stocks This Week: Sell Short Apple And PNC The decline is likely to resume in the coming week. Here are short sale candidates.
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China Tech Stocks Rally After Alibaba and Baidu Beat Forecasts

Wall Street Journal - 27 May 2022 11:42
The surge came after the internet companies reported better-than-expected results.
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Little-Known Commodity Traders Help Russia Sell Oil

Wall Street Journal - 27 May 2022 11:30
Under-the-radar commodity traders are cashing in on Russian oil, stepping in to buy and transport crude to customers as their bigger rivals retreat from the market.
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Investors Quit Tobacco. Why Not Alcohol?

Wall Street Journal - 27 May 2022 11:30
The capital markets treat booze stocks as less harmful than tobacco, even though producers of alcohol and cigarettes have more in common than investors like to admit
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Record high prices are pinching Americans' pockets ahead of what is usually peak summer driving season.
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