Market News
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.
"Markets Should Brace Themselves": Steve Forbes Warns Of "Several Major Crises"
Forbes - 23 Jun 2022 12:00
Markets should brace themselves: A crisis with the Japanese yen is coming, and the results won't be pretty.
More Than a Hammer: Producing Our Way Out Of Inflation
Forbes - 23 Jun 2022 22:42
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...
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity
Forbes - 23 Jun 2022 21:17
"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.
Sectoral funds: Tread with care
livemint.com - 23 Jun 2022 21:01
Top performers in the category have given good returns but investors need to be cautious
Warren Buffett Adds To Massive Stake In Occidental Petroleum, Buying The Dip After Oil Prices Drop
Forbes - 23 Jun 2022 20:48
The famed investor now owns nearly one fifth of the energy giant.
Klarna's Valuation Set to Slip, Bringing Fintech Star Down to Earth
Wall Street Journal - 23 Jun 2022 20:23
Some viewed Klarna as the next PayPal or Block Inc., companies that have grown by stealing business traditionally dominated by banks.
Compare your bank FD rates
livemint.com - 23 Jun 2022 19:56
Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures
It's time to start the prep work for filing your tax returns
livemint.com - 23 Jun 2022 19:39
An assessee gets four months to prepare for filing tax returns. Here is a tax-preparation checklist
Why A Strong Dollar And Retail Inventory Blunders Could Help Push Inflation Down By Next Year
Forbes - 23 Jun 2022 19:23
A wave of looming discounts at big-box retailers, and potentially even lower gas prices, could help inflation fall faster than markets suggest.
Norms for TDS on business perquisites/benefits: A mix of clarity, uncertainty
livemint.com - 23 Jun 2022 19:18
The value of benefits/perquisites should be based on FMV, subject to exceptions
Education Department Cancels $6 Billion Of Student Loans For 200,000 Borrowers
Forbes - 23 Jun 2022 18:07
Biden administration agrees to $6 billion of student loan forgiveness.
Gun Stocks Surge Higher As Supreme Court Rejects New York's Concealed Carry Law
Forbes - 23 Jun 2022 17:50
Gun and ammunition stocks rallied after the Supreme Court's biggest Second Amendment ruling in over a decade.
Daily Dividend Report: Kroger, S&P Global, Lockheed Martin, Pfizer, Matson
Forbes - 23 Jun 2022 17:25
Daily Dividend Report: Kroger, S&P Global, Lockheed Martin, Pfizer, Matson
Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints
Wall Street Journal - 23 Jun 2022 16:30
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.
Market Resilience
Forbes - 23 Jun 2022 16:02
By the time we closed; however, markets were largely flat for the day.
When Will The Stock Market Bottom In 2022?
Forbes - 23 Jun 2022 16:00
Have we seen the lows yet?
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.
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.
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.
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.
What's Behind Microchip Technology Stock's Stellar Outperformance Since 2018?
Forbes - 23 Jun 2022 15:00
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.