Market News
Fight the Bear-Market Blues With Roth IRA Conversion
Wall Street Journal - 24 Jun 2022 11:30
Roth IRAs are the best retirement plans to have, and this year's market declines have put them on sale.
EY Grapples With Partner Pay, Bear Market in Breakup
Wall Street Journal - 24 Jun 2022 11:30
The Big Four accounting firm has made changes to its earlier plan to split the firm, including agreeing to offer some payout to partners who retire this year or next, before the deal closes, according to an internal webc...
Exceptionally Good Conditions For Stock Bull Market Launch In July
Forbes - 24 Jun 2022 23:38
A remarkable combination of indicators foretells the next bull market
Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease
Forbes - 24 Jun 2022 22:10
"It seems Wall Street is starting to believe that even if the economy has a recession, it will be a short one," one analyst says.
West Virginia Gov. Jim Justice Strikes Deal Over Greensill Debt
Wall Street Journal - 24 Jun 2022 19:32
The agreement with Credit Suisse will remove a debt overhang for the governor, who personally guaranteed $850 million in loans.
Why are attractive FD interest rates vital in high inflation scenario
livemint.com - 24 Jun 2022 19:14
Inflation continues to stay above RBI's comfort zone for the fifth consecutive month. In May, the consumer price index stood at 7.04%, although, it moderated from the 95-month high of 7.79% witnessed in April this year.
Inflation Expectations Matter Less Than Actual Inflation
Wall Street Journal - 24 Jun 2022 18:44
Stocks rally after a softer-than-expected reading on inflation expectations, but the Federal Reserve will be eyeing actual prices.
Political Ads Targeting Inflation Ahead Of Midterm Elections Could Force The Fed To Keep Hiking Rates: Goldman Sachs
Forbes - 24 Jun 2022 18:42
With high prices a key issue for voters this fall, rising inflation expectations could lead to further monetary policy tightening from the Federal Reserve, analysts predict.
Used-Car Sellers Not Running Out of Gas Just Yet
Wall Street Journal - 24 Jun 2022 18:32
CarMax is thriving despite sky-high used-car prices and rock-bottom consumer sentiment.
This private bank revises savings account rates and now offers higher than SBI, HDFC, ICICI & Axis Bank
livemint.com - 24 Jun 2022 17:57
The private sector lender South Indian Bank revised its savings account rates on 21st June 2022. In accordance with the revised, the bank now provides interest rates ranging from 2.50 per cent to 4.50 per cent annually.
New Home Sales Unexpectedly Rise But Housing Market Still 'Cratering'--Here's When Experts Predict Prices Will Fall
Forbes - 24 Jun 2022 17:36
"Don't be deceived," says one expert about the surprise bounce in sales last month: The market is "rolling over" and "prices are under pressure."
Passing Grades Aren't Enough on Banks' Stress Test
Wall Street Journal - 24 Jun 2022 17:35
Banks again proved their soundness in the Federal Reserve's annual exam, but higher capital requirements may still squeeze them.
Crypto Exchange FTX in Talks to Acquire BlockFi Stake
Wall Street Journal - 24 Jun 2022 17:06
Sam Bankman-Fried's crypto exchange is in talks to acquire a stake in BlockFi, a crypto lender that FTX gave a $250 million credit line this week.
$100 Million in Cryptocurrency Stolen by Hackers
Wall Street Journal - 24 Jun 2022 16:29
Tech company Harmony says it is working to retrieve funds and identify who is behind the theft on one of its blockchain bridges
What's New With T-Mobile Stock?
Forbes - 24 Jun 2022 16:00
While wireless carrier stocks, in general, have outperformed this year as investors seek the stability of the sector's consistent cash flows and lower valuations as the U.S. enters a tighter monetary policy environment, ...
Cash Burn: Stocks That Could Go To $0 As Fed Raises Rates: Carvana
Forbes - 24 Jun 2022 15:49
Time is running out for cash-burning companies kept afloat with easy/cheap access to capital.
Biggest Valuation Disconnects In The S&P 500
Forbes - 24 Jun 2022 15:47
40 companies, or just 8% of companies in the S&P 500, account for 50% of the Core Earnings for the entire S&P 500
With Aluminum Prices On The Decline, What Next For Alcoa?
Forbes - 24 Jun 2022 15:30
The shares of Alcoa (NYSE: AA) - a leading producer of aluminum products and alumina - remain down by about 19% year-to-date and are off by around 49% from highs seen in March.
Markets Looking For A Winning Week
Forbes - 24 Jun 2022 15:05
It has been a relatively quiet week for economic news; however, later this morning will bring the latest Consumer Confidence Index as well as a reading on new home sales for May.
Low Bitcoin Price Weighs on Crypto Mining Stocks
Wall Street Journal - 24 Jun 2022 15:00
Worried about falling profits and high fixed costs, investors have been dumping publicly traded bitcoin miners like Riot Blockchain and TeraWulf amid the cryptocurrency selloff.
What To Expect From Discover Financial Stock?
Forbes - 24 Jun 2022 15:00
Discover Financial stock (NYSE: DFS) has lost roughly 21% YTD, as compared to the 22% drop in the S&P500 over the same period.
Are Politics A Problem For The Markets?
Forbes - 24 Jun 2022 14:51
Does Washington have the power to derail the economy or the markets? Not so much, says Commonwealth CIO Brad McMillan.