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Market News

Location American Market News for 3 June 2022
Tesla Stock Plunge Erases $65 Billion In Value After Elon Musk Flags 'Super Bad Feeling' About Economy Experts have warned recession fears are likely overblown, but Musk reportedly wants to lay off 10% of Tesla's nearly 100,000 workers.
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Tesla Stock Plunge Erases $75 Billion In Value After Elon Musk Flags 'Super Bad Feeling' About Economy Experts have warned that recession fears are likely overblown, but Musk reportedly wants to lay off 10% of Tesla's nearly 100,000 workers.
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The New Math of Reverse Mortgages for Retirees

Wall Street Journal - 3 Jun 2022 16:00
Many of the negatives have been addressed with federal insurance and oversight. At the least, they're worth considering for people who are cash poor and house rich.
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The bank is reportedly facing about $50 million in losses after the May trading error.
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OPEC Bows To Global Pressure To Increase Oil Supply The price of crude oil continues to rise and hit new highs on the back of significant demand post-Covid19.
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The Best Retirement Spending Advice From Our Readers

Wall Street Journal - 3 Jun 2022 18:00
In this month's Ask Encore: Plan to be surprised by retirement bills, because you will be.
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Jobs Aren't Slowing Enough to Slow Down the Fed

Wall Street Journal - 3 Jun 2022 17:09
Friday's employment report showed slower growth, but not nearly enough to stave off interest rate increases this summer.
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Why Johnson & Johnson Is A Top 25 Dividend Giant Johnson & Johnson has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a whopping $58.1B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.55% yield
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Why Regulators Are Worried About Stablecoins

Wall Street Journal - 3 Jun 2022 16:26
The recent collapse of a cryptocurrency from its $1 level has heightened regulators' concerns that other dollar-pegged assets could crumble.
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Analog Devices Stock Has Outperformed The S&P Since 2018- Here's Why Analog Devices Inc. (NASDAQ: ADI) stock price has jumped 1.9x from around $85 in 2018 end to $165 currently, primarily due to favorable changes in its P/S multiple.
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The BLS jobs report for May indicates a solid labor market - one where employment stayed steady and payroll growth cooled a bit - which likely will please the economists at the Federal Reserve bank.
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It's the Economy

Forbes - 3 Jun 2022 15:17
Heading into Friday, markets were on pace to put together consecutive winning weeks. After surviving a deluge of economic data and a profit warning from Microsoft on Thursday, stocks entered Friday with small gains on th...
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S&P 500 & Sectors: ROIC Hits New Peak, But Can It Last? Trailing-twelve-month (TTM) return on invested capital (ROIC) spiked to a new high for the S&P 500 in 1Q22.
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Why Did Newmont Corporation Stock Lose 20% In Value? The shares of Newmont Corporation (NYSE: NEM) have lost 20% in value since mid-April as gold prices declined from $2,000/ounce in March to $1,800 at present.
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Labor Market Added 390,000 Jobs In May--Beating Expectations Despite Looming Recession Concerns Economists have become increasingly concerned that prolonged inflation could be spurring a wave of layoffs.
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The Political Sunset Of Argentina's Cristina Kirchner Once all-powerful, Argentina's Cristina Kirchner has slowly slid from the political Olympus to a position where she can't control her handpicked successor, a frivolous lawyer that is president only because she picked him...
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Should You Buy Union Pacific Stock At $220? Union Pacific stock (NYSE: UNP), which currently trades at $221 per share, looks like a good investment opportunity.
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Stores Are Stocked Like We're All Still Working From Home

Wall Street Journal - 3 Jun 2022 13:40
With offices reopening and restaurants filling up again, the economy is struggling to adjust anew.
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Is U.S. Bancorp Stock Attractive At The Current Levels? At its current price of $52 per share, it is trading 18% below its fair value of $63 - Trefis' estimate for U.S. Bancorp's valuation.
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Keurig Dr Pepper Stock Appears To Be A Better Pick Over This Travel Company We think that Keurig Dr Pepper stock (NYSE: KDP) currently is a better pick compared to Booking Holdings stock (NASDAQ: BKNG), given its better prospects and a comparatively lower valuation.
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The Stark Warning To All World Governments

Forbes - 3 Jun 2022 12:00
The Stark Warning To All World Governments Colombia's presidential election is a stark warning to governments everywhere--including ours.
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Will Caesars Entertainment Stock Stage A Quick Recovery? Five Days: CZR 6.9%, vs. S&P 500 4.6%; Outperformed market (15% event probability).
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