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Market News

Location American Market News for 9 August 2022
What's Next For Shopify Stock After Tough Q2 Report? Shopify stock (NYSE: SHOP) has gained almost 17% over the last week (five trading days) as investors embraced technology and growth stocks once again, following strong results from tech majors like Alphabet and also anti...
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Sweetgreen said it will lay off 5% of its workforce and downsize to a smaller office building to lower its operating expenses.
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Coinbase Posts Steep Second-Quarter Loss Amid Crypto Meltdown

Wall Street Journal - 9 Aug 2022 23:22
The largest U.S. crypto exchange reported its second consecutive quarter of losses.
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Roblox reported second-quarter results on Tuesday that missed analyst estimates on the top and bottom lines.
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The company reported second-quarter results that lagged pre-pandemic levels and warned of persistent volatility ahead.
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Some Experts Are Warning Of A 'Bear Market Rally'--Here's Why Stocks Could Hit New Lows Recent optimism about a market rebound may be "overdone," analysts caution.
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Micron Rains on Government's Chip Parade

Wall Street Journal - 9 Aug 2022 19:53
President Biden's signing of the Chips Act is greeted with a broad warning of demand slowdown by the memory-chip maker.
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What's lifestyle stagnation - and how a techie got over it Compartmentalising and assigning existing savings to different goals helped Rao make most of his investments.
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Tax on your gold and real estate investments

livemint.com - 9 Aug 2022 19:09
Tax on your gold and real estate investments Real estate and gold have traditionally formed a large chunk of Indian investors' portfolios
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What should investors in China and Taiwan funds do now? Investors should look at a horizon of 6-7 years while investing in the funds focused on the Greater China region
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Is MF exposure to IndoStar Capital a cause for concern? MF exposure to the company's debt instruments amounts to ₹482 crore (as of July 2022), as per data from Ace MF
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Inflation Reduction Act Could Supercharge Grid Energy Storage

Wall Street Journal - 9 Aug 2022 18:20
The Inflation Reduction Act includes a tax credit for stand-alone energy storage for the first time, a potential game-changer for the technology.
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ELSS mutual fund inflows drop over 48% in July: Should you invest? According to monthly data issued by the Association of Mutual Funds in India, net positive inflows to equity mutual funds decreased by 42% in July to ₹8,898.25 crore from ₹15,497.76 crore in June 2022.
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What To Expect From REX American Resources Stock After Stock Split? REX American Resources stock (NYSE: REX) has lost 1.9% in the last week, underperforming the S&P 500 (up 0.4%).
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The Inflation Reduction Act includes money for green banks that help funnel funds into renewable projects, giving a boost to private lenders that can invest alongside them.
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Russian oil has stopped flowing through a pipeline that supplies Slovakia, Hungary and the Czech Republic, blaming payment difficulties caused by Western sanctions on Moscow.
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3 I'm always shocked when dividend investors ignore tech stocks.
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BHP's OZ Bid Could Signal a New Dawn for Mining M&A

Wall Street Journal - 9 Aug 2022 16:13
Miners have been hesitant to splurge on big acquisitions since the last big commodity bust. But recent events suggest that may be about to change again.
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Should You Buy Electronic Arts Stock At $130? Electronic Arts stock (NYSE: EA) reported its Q1 FY23 results last week, with revenue and earnings comfortably above ours and the street estimates.
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AMC Stock, Meet APE Stock: AMC's New Shares Spark Controversy The meme stock craze hit, and AMC (alongside other meme giants like GME) saw its shares soar - and promptly crater when the rush ended.
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Cathie Wood's Ark Invest Buys $60 Million In Nvidia Stock After Chipmaker's $40 Billion Plunge The high-profile investor has warned that the economy has fallen into a recession--and her latest splurge comes after Nvidia warned that macroeconomic headwinds led to a revenue shortfall last quarter.
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Ujjivan Small Finance Bank revises interest rates on savings accounts Ujjivan Small Finance Bank has revised its interest rates on savings accounts.
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