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Market News

Location American Market News for 27 July 2022

The Hail Mary for Investors

Wall Street Journal - 27 Jul 2022 10:09
Stocks are trying for a desperate recovery, and for that to work out, everything has to go just right. The basic requirement is that a deep recession is avoided, but the important follow-on is that the Federal Reserve ha...
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Traveling-Nurse Bubble Bursts

Wall Street Journal - 27 Jul 2022 13:03
Making as much as $10,000 weekly at the height of the pandemic, temporary nurses' average salaries are falling as Covid hospitalizations decline.
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AT&T Falls 9% In A Month. Will It Recover?

Forbes - 27 Jul 2022 14:00
AT&T Falls 9% In A Month. Will It Recover? AT&T stock has declined by around 9% over the last month, underperforming the S&P 500 which has gained about 5% over the same period.
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Meta's second-quarter earnings report comes after a 50% plunge in the company's stock price this year.
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Qualcomm reported third-quarter earnings after the bell on Wednesday.
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Ford reported second-quarter results that beat Wall Street's estimates for revenue and profit.
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Etsy shares jumped more than 15% in after-hours trading on Wednesday after the company's second quarter earnings beat on top and bottom lines.
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Facebook Parent Meta Shares Fall After Company Warns Of 'Weak Advertising Demand' Some analysts warn that Meta faces an "Everest-like uphill battle ahead."
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How the Fed Could Lose Its Nerve

Wall Street Journal - 27 Jul 2022 22:48
The case for raising rates could be weaker when Federal Reserve policy makers next meet in September than it is now.
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Earnings Numbers Aren't Great--But Are They Good Enough? The latest earnings season data was underwhelming, but Commonwealth CIO Brad McMillan says things may be better than they look.
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How to accumulate ₹1 crore for higher education in 7 years Many advisors recommend a 'bucket-based' approach for a post-retirement life. So, when a person has more money than they need for the next three-five years, they can invest the excess money in riskier assets to gain from...
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Why Sebi has sounded alarm over online bond platforms Online platforms are splitting these bonds into smaller units and selling to retail investors
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Fed Raises Interest Rates By 75 Basis Points Again As Investors Brace For Recession The Fed appears willing to "accept at least some pain" as it works to unravel inflation with the most aggressive economic tightening campaign in nearly three decades, Bank of America economists say.
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Senate Bill Takes Aim at Visa, Mastercard Credit-Card Fees

Wall Street Journal - 27 Jul 2022 19:06
Two U.S. senators are preparing legislation that would give merchants power to process many Visa and Mastercard credit cards over different networks.
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The Justice Department says Trident Mortgage would pay $24.4 million to resolve allegations of lending discrimination against minority residents of neighborhoods in the Philadelphia metropolitan area.
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Credit Suisse Tries to Turn the Page---Again

Wall Street Journal - 27 Jul 2022 18:08
Credit Suisse is still struggling to get its house in order. A new leader will help, but the job is getting harder.
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Claims That DeFi Is Unraveling Or Structurally Flawed Are Unfounded The notion that DeFi is somehow to blame for the current problems in Crypto originates from a lack of fundamental understanding of the differences between traditional finance, CeFi, and DeFi, and how DeFi actually works....
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Treasurys Little Changed Ahead of Fed Meeting

Wall Street Journal - 27 Jul 2022 17:20
U.S. government-bond yields held steady Wednesday morning as investors prepared for the Federal Reserve to raise interest rates by a widely expected 0.75 percentage point.
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Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates A surge in borrowing costs has continued to hurt home-buying demand.
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Shopify Didn't Deliverr

Wall Street Journal - 27 Jul 2022 16:50
Even after Shopify's big bet on post-pandemic e-commerce failed, Wall Street seems willing to give it another shot--on sale--with its acquisition in May of fulfillment company Deliverr Inc. in mind.
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Microsoft's Future Outweighs Its Present

Wall Street Journal - 27 Jul 2022 16:31
The software giant's growth slows after strong run, but affirming double-digit target brings relief.
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Bullish Logic Is Already Cracking

Forbes - 27 Jul 2022 16:14
Bullish Logic Is Already Cracking Bullish Logic Is Already Cracking
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