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Market News

Location American Market News for 5 August 2022

Got Hidden Income? The IRS May Get More Money to Find You

Wall Street Journal - 5 Aug 2022 11:30
The agency could get billions of extra dollars to go after high-earning tax cheats. Here are the areas auditors may focus on if they get more resources.
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Student Loan Forgiveness: New Blockbuster Plan To Cancel Student Loans Check out this blockbuster new plan for student loan forgiveness.
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Falling GDP And Missed Earnings Expectations From Alphabet, Microsoft And Meta: Forbes AI Newsletter - August 5th 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.
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Home Sellers Cut Prices as Housing Market Cools

Wall Street Journal - 5 Aug 2022 11:30
How higher mortgage rates--and frustration--are changing the playbook for sellers.
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Tesla's 3:1 Stock Split Wins Shareholder Approval--Here's What It Means For Investors Tesla's stock has risen over 30% since announcing the proposed stock split in June.
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Zillow Reopens the Door to iBuying

Wall Street Journal - 5 Aug 2022 00:47
Zillow says it will team up with Opendoor to help fight the impending downturn of the real-estate market.
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Robinhood, Carvana And More--These Stocks Are Surging After Announcing Cost Cuts Analysts largely cheered the cost cuts amid ongoing fears a recession is imminent.
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Amazon's Roomba Deal Has Shades of Fitbit

Wall Street Journal - 5 Aug 2022 20:51
An acquisition of iRobot won't make a dent financially, but a commanding market share could draw Washington's gaze.
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RBI policy: How a 50 bps rate hike will impact homebuyers, home loan EMIs In August policy, RBI hiked the repo rate by 50 basis points - taking the rate to 5.40%. Also, the standing deposit facility (SDF) rate is at 5.15% and marginal standing facility (MSF) rate, and the Bank Rate are at 5.65...
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Jobs Are Back, Baby, but Maybe Not Your Job

Wall Street Journal - 5 Aug 2022 17:31
The surprise addition of 528,000 jobs in July erased pandemic losses, but a lower share of Americans are employed and a million former service positions vanished.
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Coinbase's Rapid Rise Left It Exposed in Crypto's Collapse

Wall Street Journal - 5 Aug 2022 17:23
Fast expansion made Coinbase the biggest U.S. exchange for digital currency. Now it faces high expenses, dwindling cash and a challenge from regulators.
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Helen Of Troy Stock Has Lost 27% Since Late 2019- Here's Why Helen of Troy (NASDAQ: HELE) stock price lost 27% from $180 in 2019 end to around $131 currently, primarily due to unfavorable changes in its P/S multiple.
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Warner Gets Really Real With Streaming Plan

Wall Street Journal - 5 Aug 2022 16:48
Canceled movies and a modest long-term subscriber target show new HBO Max owner is serious about playing smart.
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Before the Fed Acts, It Pays to Buy Stocks

Wall Street Journal - 5 Aug 2022 16:20
Buying equities the day before a Fed announcement and selling the day after can boost returns. Bonds, though, are a different matter.
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Stocks Fall Despite Strong Jobs Report As Investors Fear Bigger Fed Rate Hikes A blowout jobs report helped ease recession fears but raised concerns about more aggressive rate hikes from the Federal Reserve.
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What's Next For Kohl's Stock?

Forbes - 5 Aug 2022 16:00
What's Next For Kohl's Stock? Kohl's stock (NYSE: KSS), a department store that features apparel, footwear, accessories, soft home products, and housewares targeted to middle-income customers, has increased by 15% over the last five trading days (one...
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Reddit's WallStreetBets Has Nothing To Do With AMTD Digital's 30,000% Pump AMTD Digital's stock price increased from $7.80 at its IPO on July 15th to $2,555 less than three weeks later.
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Coinbase And BlackRock Cozy Up On Bitcoin Bandwagon Coinbase and BlackRock announced a new partnership Thursday to allow BlackRock clients to trade and manage crypto in-house.
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Monthly SIP of ₹10,000 turns to up to ₹7 lakh in 3 years in 4 equity funds In order to reduce the risk associated with equity mutual funds, it is preferable to invest over the long term through a systematic investment plan (SIP).
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After A Boom On Employment Can Stocks Carry The Momentum? With another week in the books, it feels like we've largely managed to make it to the other side unscathed and walking with confidence.
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What's Next For Boeing Stock After A 20% Rise In A Month? BA stock has rallied around 7% in a week, while it's up 21% in a month, partly due to positive news for its 787 airplanes.
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The US labor market remained very strong in July.
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