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Market News

Location American Market News for 10 June 2022

Coinbase CEO Blasts Employee Petition Against Executives

Wall Street Journal - 10 Jun 2022 23:55
An online petition, purportedly from employees, complained about the crypto exchange's performance and sought the removal of senior executives.
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Tesla Files For Another Stock Split--Reveals Billionaire Larry Ellison To Leave Board Tesla said it believes the split will "help reset the market price" of shares and help make them more accessible to retail investors.
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Inflation Soars To Highest Level In 40 Years As Recession Risk Rises Inflation hits highest level since December 1981. Why is inflation so high? What will it take to bring it down? Will the U.S. enter a recession?
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Board Directors Who Do Too Much: Overcommitted And Under Available To fully understand the commitments of a board director, private company board membership must be considered in addition to public companies.
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Cannabis Lobby Days: Marijuana Banking Within Reach, But Not Assured Two weeks ago, the push for Congressional action on cannabis banking reform heated up as members of the National Cannabis Business Association descended on Congress for four days of lobby meetings. Here are a few takeawa...
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Inflation May Soon Ease, but Not Enough

Wall Street Journal - 10 Jun 2022 17:21
Excess inventories at retailers might soon take a bite out of inflation, but it remains far too high for the Federal Reserve to ease off tightening.
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Ethereum's Big Day: What The Merge Means For Investors Ethereum completed its first successful test merger for a long-awaited software transition on Wednesday.
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What funds to invest in for a long-term goal such as child's education? Expert suggested a four-fund portfolio with equal allocations to UTI Nifty Index Fund, Parag Parikh Flexi Cap Fund, SBI Small Cap Fund, and ICICI Prudential Balanced Advantage Fund 
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DBS Bank hikes FD rates by 10-50 bps

livemint.com - 10 Jun 2022 16:19
DBS Bank hikes FD rates by 10-50 bps Short tenure FDs have seen a greater increase in rate. For instance, interest rate on 7-days FDs below ₹2 crore saw the greatest increase of 50 bps 
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Didi Ends Tumultuous Run as a New York-Listed Company

Wall Street Journal - 10 Jun 2022 16:14
The ride-hailing company's ill-fated debut helped turn it into a poster child for China's tech crackdown.
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Street Earnings Overstated For 67% Of S&P 500 Companies In 1Q22 Five S&P 500 companies with understated Street Earnings and a Very Attractive Stock Rating.
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How To Find The Best Style Mutual Funds 2Q22 How can you pick the best mutual funds with so many to choose from?
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Inflation

Forbes - 10 Jun 2022 15:20
Inflation At the beginning of this week I wrote about how a week such as this, with little economic data, can sometimes lull investors to sleep before surprising them with an unexpected large move.
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ECB Fuels Market Jitters Over Italy's Debt

Wall Street Journal - 10 Jun 2022 15:00
The European Central Bank's plans to increase interest rates for the first time in more than a decade face a hurdle in southern Europe, where borrowing costs are surging.
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Oracle Stock To Beat The Consensus In Q4?

Forbes - 10 Jun 2022 14:00
Oracle Stock To Beat The Consensus In Q4? It reported total revenues of $10.5 billion - up 4% y-o-y, primarily driven by a 5% increase in the cloud and license revenues and a 7% rise in the services segment.
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Federal Bank hikes interest rates on savings account: Check new rates here Federal Bank, a private sector lender, has raised interest rates on savings bank accounts.
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Will Medtronic Stock See Higher Levels?

Forbes - 10 Jun 2022 13:00
Will Medtronic Stock See Higher Levels? Medtronic's revenue of $8.1 billion was down 1% y-o-y and fell short of the $8.4 billion consensus estimate.
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The central bank found issues that could make orderly failures more difficult in a crisis, but also said banks are no longer too big to fail.
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Stock Futures Waver Ahead of Inflation Data

Wall Street Journal - 10 Jun 2022 12:40
U.S. stock futures wavered as investors awaited the last major inflation reading before the Federal Reserve's meeting next week.
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Central Bank of India revises fixed deposit (FD) interest rates: Check new rates The public sector lender Central Bank of India has revised interest rates on domestic term deposits of less than ₹2 Cr. The bank revised its interest rates today, June 10, 2022, and currently offers an interest rate of...
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Why Is Baidu Stock Rallying?

Forbes - 10 Jun 2022 12:00
Why Is Baidu Stock Rallying? Chinese search engine behemoth Baidu's stock (NASDAQ: BIDU) has witnessed a solid rally over the last month, gaining over 40%, compared to the broader S&P 500 which was up about 4% over the same period.
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It's been a brutal year for markets. The good news: Selling your losers can pay off at tax time. Here's what to know about tax-loss harvesting.
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