Market News
The Fine Print Cost a Widow a $464,000 Tax Deduction
Wall Street Journal - 22 Jul 2022 11:30
A large gift of American Indian artifacts went awry when the donor didn't have 'magic language' from the museum she gave it to
Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid
CNBC - 22 Jul 2022 15:54
Twitter blamed the revenue miss on ad industry headwinds and "uncertainty" tied to the pending acquisition of the company by Elon Musk.
A New Bull Market Can't Start Until Investors Give Up
Wall Street Journal - 22 Jul 2022 11:30
For a new cycle to begin, people who bet on the market need to capitulate
Former Coinbase Employee Charged in Alleged Insider-Trading Scheme
Wall Street Journal - 22 Jul 2022 01:34
The first-ever cryptocurrency insider-trading case could have broad ramifications for the industry.
China Billionaire Cuts Stake In Outperforming Nike Rival Xtep
Forbes - 22 Jul 2022 01:16
Xtep has thrived on growth in China consumer market
Stock Market Breaks Winning Streak After Data Reveals 'Worrying Deterioration' In Economy
Forbes - 22 Jul 2022 22:15
Meanwhile, Bank of America economists doubled down on a projection that would mean the U.S. has already fallen into a technical recession.
Inflation, Rate Hikes And JPMorgan Earnings: Forbes AI Newsletter - July 16th
Forbes - 22 Jul 2022 21:05
Subscribe to the Forbes AI newsletter to stay in the loop and get AI-backed investing insights, the latest news and more delivered directly to your inbox every weekend.
Wheat Prices Fall After Russia-Ukraine Deal
Wall Street Journal - 22 Jul 2022 20:53
Wheat prices in Chicago are now at their lowest levels since February, after surging to records at the beginning of Russia's invasion of Ukraine.
Dollar Maintains Its Currency Crown As Inflation Takes Bigger Bites Everywhere Else
Forbes - 22 Jul 2022 19:43
U.S. consumers and travelers gain while manufacturers suffer as Federal Reserve rachets up U.S. rates.
Oil Doesn't Have to Boom for These Companies to Thrive
Wall Street Journal - 22 Jul 2022 18:18
Oilfield-service-company stocks are in the hole after demand concerns started pummeling oil prices. The reaction seems overdone.
Snap Stock Tumbles as Digital-Advertising Concerns Spread
Wall Street Journal - 22 Jul 2022 18:11
Social-media companies warn that a slowing economy is weighing on their growth as the Snapchat parent's stock falls more than 30%.
ITR Filing: Who Are Mandatory & Who Are Exempted To File ITR for AY 2022-23?
livemint.com - 22 Jul 2022 18:08
Individual taxpayers whose accounts do not need to be audited have until July 31, 2022, to file their ITR for the fiscal year 2021-22 (AY 2022-23).
Twitter Has No Right to Remain Silent
Wall Street Journal - 22 Jul 2022 17:22
The social-media company's shareholders seem overly fixated on Elon Musk as the company's fundamentals worsen.
Even With a Ukraine Deal, World Grain Supplies Are Tight
Wall Street Journal - 22 Jul 2022 17:10
A deal to restart the war-torn country's agricultural exports was struck, but prices for staples like wheat and corn are set to remain high.
Amazon Makes Moves In Healthcare With Plans To Acquire One Medical
Forbes - 22 Jul 2022 16:11
Amazon plans to acquire healthcare provider One Medical for $18 per share in a deal valued at $3.9 billion. Here's what it means for tech investors.
Can Markets Close Out July Strong?
Forbes - 22 Jul 2022 14:47
With one trading week left for July, the S&P 500 is on pace to notch its biggest monthly gain since October of 2021.
Verizon shares fall after company cuts full-year forecast
CNBC - 22 Jul 2022 14:44
Verizon shares fell nearly 5% after the company released its second quarter earnings report.
Does Draghi's Departure Means The End Of Italy's Recovery?
Forbes - 22 Jul 2022 14:43
Italy's populists have rejected Mario Draghi - perhaps the most credible and competent prime minister the country has had. Does this mean chaos for Italian assets and for the euro.
Twitter Posts $270 Million Loss In First Earnings Report Since Elon Musk 'Terminated' $44 Billion Takeover Deal
Forbes - 22 Jul 2022 14:40
The company blamed broader economic headwinds and uncertainty around the Musk deal for its disappointing second-quarter performance.
California Town Ravaged by Wildfire Warns of Municipal Bond Default
Wall Street Journal - 22 Jul 2022 14:39
Paradise, the town destroyed by the 2018 Camp Fire, says it is near a debt default, heightening municipal bond investors' concerns over how a warming planet is adding risk to their $4 trillion market.
American Express Revenue Up 31% as Spending Remains Robust
Wall Street Journal - 22 Jul 2022 14:21
The credit-card company says travel and entertainment spending are back to prepandemic levels.
Will GM Deliver An Earnings Beat?
Forbes - 22 Jul 2022 14:00
General Motors (NYSE:GM) is expected to publish its Q2 2022 results on Tuesday, July 26. We expect GM's revenue for the quarter to come in at about $35.8 billion, marking an increase of about 5% year-over-year. This woul...