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Market News

Location American Market News for 21 June 2022

America Faces a Housing Bust

Wall Street Journal - 21 Jun 2022 17:45
All the ingredients seemed to be in place at the start of 2022 for a continued housing boom, but now the market has priced itself for a sharp reversal.
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Mondelez to Acquire Clif Bar for $2.9 Billion

Wall Street Journal - 21 Jun 2022 00:05
The deal adds the brands Clif Bar, Luna and Clif Kid to the global snack maker's food business.
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Bitcoin's Price Bounces Above $21,000, Reversing Weekend Slide

Wall Street Journal - 21 Jun 2022 20:14
The price of the most widely used cryptocurrency remains down 69% from last November's high.
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Stock Market Could Crash Another 20% If U.S. Plunges Into Recession--These Industries Are Most At Risk "The bear market will not be over until recession arrives--or the risk of one is extinguished," Morgan Stanley has warned clients.
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Energy Stocks Jump As Oil Surges Again--Prices Will Remain Elevated Through Summer Some analysts say oil and gas prices will moderate by early next year.
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Tax on your gold and real estate investments

livemint.com - 21 Jun 2022 20:53
Tax on your gold and real estate investments Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes
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Are market-neutral funds the answer to a bear market in India? These alternative investment funds, which have a minimum ticket size of ₹1 crore, seek to eliminate market risks
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Kellogg Outgrows Frosted Flakes

Wall Street Journal - 21 Jun 2022 20:31
Kellogg wants to spin off its cereal business to focus on faster-growing snacks, but investors could be left holding the bag.
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FTX Extends $250 Million Credit Line to BlockFi

Wall Street Journal - 21 Jun 2022 19:47
BlockFi said the crypto exchange's credit facility would provide the lender with access to capital that further bolsters its balance sheet.
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Tricky times for those investing in the stock market

livemint.com - 21 Jun 2022 19:10
Tricky times for those investing in the stock market Focus on structural stories where leverage is low, return ratios are high
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Lawyers said a billionaire former client can only collect damages from his own account under Bermuda company law.
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Mutual fund calculator: ₹10,000 monthly SIP turns to ₹17.52 lakh in 7 years Mutual fund calculator: If an investor had started ₹10,000 monthly SIP in this mutual fund plan 3 years ago, it would have grown to ₹6.44 lakh today
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Gold Has Held Up Nicely Against A Strong Dollar And Surging Bond Yields The yellow metal has managed to stay positive since the start of the year, skirting pressure from surging yields and a strong U.S. dollar. Meanwhile, nearly every other asset class has fallen into either correction or be...
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Existing Home Prices Hit Record $402,000--But Sales Fall As Housing Market 'Painfully' Adjusts To Rising Rates Home sales have "essentially returned" to pre-pandemic levels seen in 2019 "after two years of gangbuster performance," but prices keep skyrocketing amid still-low inventory and lingering supply chain constraints.
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Mutual funds allowed to invest in global stocks. How it will impact MF investors Mutual funds: After this new SEBI guideline, fund managers will be able to invest in global equities that are available at discounted price these days after the recent sell-off triggered by the Russia-Ukraine war, believ...
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Is Hartford Financial Stock Attractive At The Current Levels? Hartford Financial's stock (NYSE: HIG) has lost approximately 7% YTD as compared to the 24% drop in the S&P500 index over the same period.
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Ride Out The Crash With These 11.8% Dividends I know this inflation-panicked market is frustrating, but despite the endless doomsaying from the pundits, there is good news...
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Assets under NPS jump 21.54% YoY till May 2022: PFRDA The number of subscribers in various schemes under the NPS rose to 531.73 lakh by end-May 2022 from 428.56 lakh in February 2021 showing a year- on- year (Y-o-Y) increase of 24.07%
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Recession Fears Persist

Forbes - 21 Jun 2022 15:25
Recession Fears Persist Growing concerns about a recession probably won't help ease market anxiety either.
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What A Recession Would Mean For Caterpillar Stock? Caterpillar stock (NYSE: CAT) has seen a fall of 9% over the last month, due to fears of recession and its impact on the company's business, after a solid financial performance over the last few quarters, driven by surgi...
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Should You Buy, Sell, Or Hold Intuitive Surgical Stock Around $200? Intuitive Surgical (NASDAQ: ISRG), a fast-growing robotic surgical platform company, has seen a sharp decline of 15% in a month, while it is down a significant 47% year-to-date.
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Green Energy's Big Looming Problem Is Red Tape

Wall Street Journal - 21 Jun 2022 13:03
Declining technology costs and low interest rates helped solar and wind take off, but going forward, physical constraints could be what hampers growth.
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