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Market News

Location American Market News for 22 June 2022
Jerry Jones bought control of Comstock Resources at the depths of the gas bust, and now his stake is worth more than twice what he paid.
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The Fire Burning Beneath Crypto's Meltdown

Wall Street Journal - 22 Jun 2022 10:00
Are bitcoin and other crypto tokens crashing because of the usual excesses that accompany advances in finance? Or do they have the sort of fundamental flaws that will see them as historical relics?
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Oil Prices Extend Slide With Recession Fears Ramping Up

Wall Street Journal - 22 Jun 2022 22:50
Oil prices slipped, heading toward their lowest close in weeks as traders focused on the likelihood of a recession that will hurt demand for crude.
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Billionaire Enrique Razon's Prime Infra To Raise Up To $518 Million From Philippine IPO Prime Infrastructure Capital--controlled by billionaire Enrique Razon, Jr.--is raising as much as 28.2 billion pesos ($518 million) in an initial public offering on the Philippine Stock Exchange in October to bankroll in...
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Revlon Stock Surges After Bankruptcy Filing

Wall Street Journal - 22 Jun 2022 22:38
Cosmetics maker's shares up more than 30% in Wednesday trading .
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The FDA is preparing to remove the controversial e-cigarette brand from the U.S. market, complicating Altria's push into smoke-free products.
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How this salaried couple started their own ventures

livemint.com - 22 Jun 2022 20:03
How this salaried couple started their own ventures The couple set an annual savings target as monthly cash flows are unpredictable
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How you can create a ₹10 crore corpus in just 10 years For a monthly investment of ₹1 lakh, your corpus could reach ₹3.2 crore, and for a monthly investment of ₹2 lakh, you will be able to accumulate ₹5.43 crore at the end of 10 years
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Here's the art of selling your stocks at the right time Loss aversion prevents us from selling stocks that are below their buy price
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The ABC of floating rate FDs

livemint.com - 22 Jun 2022 19:34
The ABC of floating rate FDs In the current environment of rising interest rates, a floating rate FD is a good option
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The broker says it could issue a notice of default against the crypto hedge fund.
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Exxon Mobil Stock's Pullback Could Be Short-Lived Exxon Mobil (XOM) stock is taking a hit today as oil and energy stocks fall, following U.S. President Joe Biden's push to temporarily pause taxes on gasoline amid rising fuel costs.
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South Korean entrepreneur's cryptocurrency empire collapsed last month. Now, despite angry investors and government investigations, he is attempting a comeback.
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Why Biden's Federal Gas Tax Holiday Would Be Bad For America By removing that tax of 18.4 cents per gallon, and right before the July 4th peak of driving season, Biden hopes to be credited for saving you three or four bucks every time you fill up.
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Economists expect small savings schemes rate hike in June-end after 2 years An increase in small savings rates could lead to higher flows into such schemes, limiting the need for additional dated market borrowings to absorb any potential overshooting of the Government of India's fiscal deficit, ...
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India's Fintech Reckoning Arrives

Wall Street Journal - 22 Jun 2022 16:47
Regulators are cracking down on Indian financial technology firms--many of them backed by deep-pocketed foreign capital--that were flourishing in the gray areas. Investors, proceed with caution.
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How We're Trading This Mess: Cash Now, These 3 Big Dividends Later I so badly want to back up the truck, but ...
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Cash Dividend On The Way From FedEx

Forbes - 22 Jun 2022 16:28
Cash Dividend On The Way From FedEx On 6/24/22, FedEx will trade ex-dividend, for its quarterly dividend of $1.15, payable on 7/11/22. As a percentage of FDX's recent stock price of $229.99, this dividend works out to approximately 0.50%.
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Stock Down 93%, Affirm's BNPL Model Suffers As Funding Costs Rise With funding costs rising, bad loans increasing, and competition from Apple, Affirm stock has further to fall
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Powell Says Fed Will Continue Hiking Rates Until There Is 'Compelling Evidence' That Inflation Is Slowing "We are strongly committed to bringing inflation back down," Powell told Congress.
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Stocks Turn Positive As Powell Pledges More Big Rate Hikes To Combat Inflation Markets shook off growing recession fears and rebounded after Powell's comments.
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Mastercard Stock Lost 7% In One Week, What's Next? Mastercard's stock (NYSE: MA) has lost 7.2% in the last week, underperforming the S&P 500 (down 6.1%).
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