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Market News

Location American Market News for 30 June 2022
Indian Bank hikes MCLR by 15 bps, EMIs to go up. Check new rates here MCLR rates are hiked by 15 basis points on various tenures. The Treasury Bills Linked Lending Rates (TBLR) are hiked by 40-55 basis points on various tenures.
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Student Loan Forgiveness: Biden Could Extend Limited Waiver This could be huge for student loan forgiveness.
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How Motilal Oswal's Pratik Oswal makes his money grow Oswal swears by the 'invest and forget' mantra, invests close to 100% of his savings in equities
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JetBlue's willingness to pay a hefty premium for low-cost carrier Spirit Airlines is being punished by investors, with some wondering what it suggests about JetBlue's place in a future of high costs.
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Should Shopify And Amazon Be Worried About Pinterest's New CEO? Pinterest wants in on the e-commerce pie--and here's what that means for tech investors.
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The drugstore reiterated its forecast for the year after seeing online purchases jump and retail sales bounce back in the quarter.
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OPEC, Allies Agree to Boost Output Ahead of Biden's Saudi Visit

Wall Street Journal - 30 Jun 2022 15:11
OPEC and its allies agreed to boost oil production, endorsing a plan they announced earlier this month that has done little to alleviate concerns over supply ahead of President Biden's visit to Saudi Arabia in July.
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Should You Buy Johnson & Johnson Stock At $177? After a 3% rise year-to-date, at the current levels, we believe Johnson & Johnson stock (NYSE: JNJ) has only a little room left for growth.
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Bear Market Losers: The Worst Performing Mid-Cap Stocks Of The First Half Of 2022 Despite surging during the pandemic, Peloton shares are down a whopping 74% in 2022.
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Walgreens Boots Alliance Shares Cross 5% Yield Mark In trading on Thursday, shares of Walgreens Boots Alliance were yielding above the 5% mark based on its quarterly dividend (annualized to $1.91)
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Stocks Close Out Worst First Half Of A Year Since 1970 Markets closed out a dismal six-month stretch with another day of losses.
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SEC Rebuffs Grayscale on Turning Bitcoin Fund Into ETF

Wall Street Journal - 30 Jun 2022 21:25
The rejection of Grayscale Investments' petition marks a fresh setback to the cryptocurrency industry.
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Post office schemes rates unchanged. Are small savings schemes attractive than bank FDs The Indian government decides interest rates on these savings schemes every 3 months of a year. Small savings schemes rates were expected to be hiked amidst the bank fixed deposits that have gained traction due to RBI ra...
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Should investors resist temptation to exit equities now, reenter later? No one can predict markets in the short run; investors need to stick to their asset allocation
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The private-equity firm's former chief executive had accused Josh Harris of encouraging a woman to come forward with claims of rape and harassment.
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What investment strategy must you follow to retire in 15 years? It is a good idea to do SIPs in the same schemes that you are using for lumpsum investments
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Bajaj Finance hikes rates on deposits, yet again

livemint.com - 30 Jun 2022 19:35
Bajaj Finance hikes rates on deposits, yet again With this, rates on its FDs across different tenures are up by 30-45 basis from that announced in May.  The hike will apply to deposits, both new and those being renewed
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Big Fed Rate Hike Risks Policy Error That Could Lead To Recession Will the Fed's aggressive rate hike lead to a recession? Jeff Schulze of ClearBridge Investments discusses his views on recession risks and the evolution of our economy.
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Singapore's top financial regulator reprimanded cryptocurrency hedge fund Three Arrows Capital, saying it supplied false information to officials and managed more assets than allowed.
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The Fed Is Still Feeling the Inflation Heat

Wall Street Journal - 30 Jun 2022 18:49
Milder inflation probably isn't enough to stem interest-rate pressure.
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Shiploads of Russian Grain and Good Weather Temper Wheat Crisis

Wall Street Journal - 30 Jun 2022 15:34
Fine farm weather and a rush of Russian grain ships through the Black Sea have taken the sting out of global wheat prices, a welcome sign for vulnerable countries struggling with surging food costs.
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A Brutal Quarter

Forbes - 30 Jun 2022 15:24
A Brutal Quarter In pre-market trading, instead of a day of window dressing, it looks more like it's shaping up to be a day of window breaking.
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