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Market News

Location American Market News for 14 June 2022
Stock futures rose, suggesting U.S. markets were poised for a slight recovery after a rout Monday that sent the S&P 500 into a bear market, while shares in Asia remained under pressure.
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Chinese Tech Stocks Will Struggle to Buck Global Blues

Wall Street Journal - 14 Jun 2022 14:45
A darkening global economy, China's efforts to maintain a zero-Covid policy and rising U.S. interest rates mean Chinese tech stocks will still struggle to regain their former lofty heights.
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China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10% Electric car maker NIO lost more than 11% of its value
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Here's How Markets Reacted Last Time The Fed Hiked Rates By 75 Basis Points Raising rates by less than 75 basis points will disappoint investors, and show that the Fed is "wedded to procedure rather than responding to the data."
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One of the biggest U.S. LNG exporters said fire damage will prevent it from returning to full capacity until late this year.
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Gilead Sciences Shares Cross 5% Yield Mark

Forbes - 14 Jun 2022 21:37
Gilead Sciences Shares Cross 5% Yield Mark In trading on Tuesday, shares of Gilead Sciences were yielding above the 5% mark based on its quarterly dividend (annualized to $2.92), with the stock changing hands as low as $57.16 on the day.
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Nikhil Kamath enters wealth management, launches PMS

livemint.com - 14 Jun 2022 21:11
Nikhil Kamath enters wealth management, launches PMS Kamath's True Beacon plans to actively use derivatives and government bonds to deliver outperformance
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Dezerv offers to manage your portfolio with hurdle rate of 15% It will not charge management or performance fees until the firm generates a CAGR of more than 15% over 3-4 years.
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Can my brother living in Bangladesh gift me land inherited here? A non-resident in India is eligible to transfer property acquired by way of inheritance, by way of sale or gift to Indian citizens permanently residing in India
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What is hurdle rate?

livemint.com - 14 Jun 2022 19:32
What is hurdle rate? The hurdle rate is the minimum acceptable return on investment (ROI) in a project, considering the risks associated with that project
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And they all fall down....

livemint.com - 14 Jun 2022 19:22
And they all fall down.... All large, mid, small and flexi cap funds are down from their 18 October 2021 peak
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Apple or Bitcoin, which is better investment option? Zerodha co-founder says this If an investor chooses Apple shares today versus Bitcoin as an asset class, Nikhil Kamath co-founder of Zerodha stated with Apple, an investor will have $100 billion in real-world income per year.
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A Tale Of Two Cities: Opportunities To Go Long And Short The government printed and spent so much money that the Fed is now struggling to unwind the $9 trillion currently on its balance sheet. Inflation and fears of recession leave investors wondering what to do.
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How much tax do you pay on debt investments?

livemint.com - 14 Jun 2022 18:30
How much tax do you pay on debt investments? Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier Here's a look at the tax rules that apply to some debt-related investment products
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Bank Of America Says Credit Data Doesn't Signify A Recession Bank of America's numbers suggest that an upcoming recession is, by no means, a certainty.
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Bitcoin Prices Slide Below $23,000

Wall Street Journal - 14 Jun 2022 18:02
The market value of the entire crypto sector has fallen to less than $1 trillion from about $3 trillion in November as the industry continues to struggle with fallout from an extended selloff.
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IDBI Bank raises rates on term deposits by 10-25 bps

livemint.com - 14 Jun 2022 17:40
IDBI Bank raises rates on term deposits by 10-25 bps Rates on deposits of tenure from 91 days to six months and between seven years and 10 years saw the highest hike of 25 bps to 4% and 5.75%, respectively
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What's Next For Sirius XM Stock?

Forbes - 14 Jun 2022 17:00
What's Next For Sirius XM Stock? Sirius XM stock (NASDAQ: SIRI), a leading provider of satellite radio, has a large number of outstanding shares of around 4 billion (in 2021) which makes its stock trade at a low price in the range of $6 to $7 levels.
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India logs second-highest jump in number of HNWIs in 2021: Report North America continued along its growth trajectory, boasting the highest increase in HNWI population at 13.2% to 7.46 million individuals in 2021
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Regulation Lies in Bitcoin's Future, Clouding Its Current Value

Wall Street Journal - 14 Jun 2022 16:28
Crypto's latest downturn may be more serious than past ones as Washington signals it intends to become more involved.
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Will Fed Tightening Make U.S. Consumer Bend - Or Break? Short-term damage from recent tightening of monetary policy is causing investors to ask: can the U.S. Federal Reserve steer the economy to a "softish" landing? Jeff Schulze of ClearBridge Investments discusses why he bel...
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My 12% Dividend Plan For The Rest Of 2022

Forbes - 14 Jun 2022 16:16
My 12% Dividend Plan For The Rest Of 2022 There's a glaring disconnect out there between the health of the economy (still strong) and the mood of investors (terrible).
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