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Market News

Location American Market News for 2 August 2022
Labcorp To Spin Off Clinical Development Business LH, $257.94; Market Capitalization: $23.3 billion), a leading global life sciences company, announced that its Board of Directors authorized a plan to spin-off Clinical Development business into an independent, publicly ...
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Student Loan Forgiveness Must Be Extended, Attorneys General Warn Biden Will student loan forgiveness get extended?
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Prudential Financial Stock To Edge Past The Consensus In Q2? Prudential Financial (NYSE: PRU) is scheduled to report its fiscal Q2 2022 results on Tuesday, August 2 (after market close).
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American Household Debt Hits Record $16.2 Trillion As Mortgages, Credit Card Spending Swell--Delinquencies Creep Up Credit card spending posted its biggest quarterly increase in 20 years as high inflation forces consumers to spend more or get less.
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Ferrari increased its full-year guidance after a quarter that set records for revenue, profit and new orders.
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PayPal stock has been cut in half in 2022, but it's getting a vote of confidence from hedge fund Elliott Management, which is also a big Pinterest investor.
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Airbnb's revenue jumped 58% year-over-year to $2.1 billion helping to drive the company's most profitable second quarter to date.
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Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.
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Robinhood Lays Off 23% of Staff

Wall Street Journal - 2 Aug 2022 22:10
The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic.
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Can you contest for any changes in a will made by your father? India has 'testamentary' freedom--people making their will have compete freedom to give any personal property owned by them to whomsoever they may wish
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How to build an equity portfolio that can address climate-related risks There is a huge investment opportunity now in low carbon technologies
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Inflation Bill's Got a Perk for Some Oil Companies

Wall Street Journal - 2 Aug 2022 18:59
The inflation bill, if passed, would help oil-and-gas companies that are making big bets on carbon-capture projects.
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SoftBank Emerges as a Big Loser of the Tech Downturn. Again.

Wall Street Journal - 2 Aug 2022 18:28
CEO Masayoshi Son pledged to curb his aggressive investment bets yet plunged into startups last year at the market top. He will have to engineer his next comeback without key lieutenants.
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Uber's Results Gas Up Rivals

Wall Street Journal - 2 Aug 2022 17:26
The ride-share company's strong second-quarter commentary drove up competitors' stocks on Tuesday, perhaps prematurely.
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Texas Instruments Stock Up 1.7x On The Back Of Strong Sales Growth Texas Instruments Incorporated (NASDAQ: TXN) stock price rose more than 1.7x from $104 in 2017 end to around $179 currently, primarily due to favorable changes in its sales and P/S multiple.
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How Dhirendra Kumar of Value Research invests

livemint.com - 2 Aug 2022 16:32
How Dhirendra Kumar of Value Research invests Kumar says 90% of his money is invested in equity through shares as well as equity funds
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Why AI Can't Be Fooled By Tesla's Stock Split Shareholders will vote for the proposed 3-for-1 Tesla stock split this Thursday.
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BP Splashes Out on Shareholders

Wall Street Journal - 2 Aug 2022 16:23
Unlike its peers, the oil giant raised its dividend after a banner quarter, but it doesn't look like a return to the bad old days of chasing high prices.
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India's Haste Toward 5G Adoption Seems Dicey

Wall Street Journal - 2 Aug 2022 16:17
Take-up has often been slower than for 4G, and many consumers may not be ready to pay more for it.
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Up 13% Last Week, Arista Networks Stock Looks Set To Continue Its Streak Arista Networks Inc. stock (NYSE: ANET) is up 13% in the past week (five trading days), performing better than the S&P 500 which was up 4.2% over this period.
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Earnings Preview: What To Expect From Starbucks Today Starbucks Corp. is scheduled to report earnings after Tuesday's close. Here's what Wall Street expects.
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Earnings Preview: What To Expect From PayPal Today PayPal Inc. is scheduled to report earnings after Tuesday's close. Here's a closer look.
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