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Market News

Location American Market News for 23 June 2022

Fed Stress Test Finds Big Banks Can Weather Severe Recession

Wall Street Journal - 23 Jun 2022 22:30
The ability to lend and maintain capital levels in a hypothetical downturn is measured by the central bank in an annual test.
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Markets should brace themselves: A crisis with the Japanese yen is coming, and the results won't be pretty.
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More Than a Hammer: Producing Our Way Out Of Inflation If all you have is a hammer, it's said, everything looks like a nail. And inflation, it's also said, is strictly a monetary phenomenon. Both these cliches are just silly right now. Our inflation problem is a PRODUCTION p...
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Mortgage Layoffs Surge As Rising Rates Crush Lending Activity "We don't have enough work for our agents and support staff," noted Glenn Kelman, CEO of Redfin which cut 8 percent of its workforce this month.
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Sectoral funds: Tread with care

livemint.com - 23 Jun 2022 21:01
Sectoral funds: Tread with care Top performers in the category have given good returns but investors need to be cautious
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Warren Buffett Adds To Massive Stake In Occidental Petroleum, Buying The Dip After Oil Prices Drop The famed investor now owns nearly one fifth of the energy giant.
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Some viewed Klarna as the next PayPal or Block Inc., companies that have grown by stealing business traditionally dominated by banks.
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Compare your bank FD rates

livemint.com - 23 Jun 2022 19:56
Compare your bank FD rates Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures
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It's time to start the prep work for filing your tax returns An assessee gets four months to prepare for filing tax returns. Here is a tax-preparation checklist
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Why A Strong Dollar And Retail Inventory Blunders Could Help Push Inflation Down By Next Year A wave of looming discounts at big-box retailers, and potentially even lower gas prices, could help inflation fall faster than markets suggest.
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Norms for TDS on business perquisites/benefits: A mix of clarity, uncertainty The value of benefits/perquisites should be based on FMV, subject to exceptions
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Education Department Cancels $6 Billion Of Student Loans For 200,000 Borrowers Biden administration agrees to $6 billion of student loan forgiveness.
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Gun Stocks Surge Higher As Supreme Court Rejects New York's Concealed Carry Law Gun and ammunition stocks rallied after the Supreme Court's biggest Second Amendment ruling in over a decade.
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Daily Dividend Report: Kroger, S&P Global, Lockheed Martin, Pfizer, Matson
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Billionaire Ken Griffin is relocating his big hedge-fund firm Citadel from Chicago to Miami, the third major employer to announce the move of a corporate headquarters from Illinois in the past two months.
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Market Resilience

Forbes - 23 Jun 2022 16:02
Market Resilience By the time we closed; however, markets were largely flat for the day.
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When Will The Stock Market Bottom In 2022?

Forbes - 23 Jun 2022 16:00
When Will The Stock Market Bottom In 2022? Have we seen the lows yet?
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Mortgage Rates Continue to Rise, Hitting 5.81%

Wall Street Journal - 23 Jun 2022 16:00
Some lenders are already quoting rates of 6% or more as rates reached the highest level in more than 13 years for a second straight week.
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America's Cash Hoard Could Cushion a Downturn

Wall Street Journal - 23 Jun 2022 15:30
For all the ominous signs on where the economy is heading, many Americans have something that they usually lack heading into a recession: A lot of cash.
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Japan Faces Its Moment of Truth on Inflation

Wall Street Journal - 23 Jun 2022 15:25
The central bank is holding the line on low rates, but the market is betting a plunging yen and rising inflation will eventually force it to capitulate.
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Europe Prepares to Go Cold Turkey on Russian Gas

Wall Street Journal - 23 Jun 2022 15:24
The odds of Russia cutting off Europe's gas have changed dramatically. Europe's energy options haven't.
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What's Behind Microchip Technology Stock's Stellar Outperformance Since 2018? Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.3x from $18 in 2018 end, to almost $60 currently, primarily due to favorable changes in its P/S multiple.
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