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Market News

Location American Market News for 12 August 2022
Now, contribute to your NPS account via UPI. Here's how to do The Pension Fund Regulatory and Development Authority (PFRDA) has launched a UPI handle for depositing contributions through D-Remit for the benefit of subscribers. Currently, the contributions were carried out using oth...
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GST on rent: Govt clarifies on the new rule on residential properties New GST rule: The government said renting of residential unit taxable only when it is rented to business entity️
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LIC to allow policyholders to revive their lapsed policies with late fees concessions The campaign is introduced to help those policyholders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed.
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A $470 Billion Error? What's Driving AMTD (HKD), GameStop (GME), AMC And Other Meme Stocks The rally in AMTD, GameStop, AMC and other meme stocks is just one big misunderstanding, and there's one sound theory that may explain it.
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MDU Resources To Spin-Off Its Construction Materials Business Knife River Corp MDU, $30.82, Market Capitalization: $6.3 billion) announced that its Board of Directors unanimously approved a plan to separate its wholly owned construction material business, Knife River Corp.
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What Industries Do Well In An L-Shaped Recession? Some analysts see the U.S. economy potentially diving into an L-shaped recession before inflation eases. Here's what that means.
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Student Loan Forgiveness: How Major Proposals Compare Here are the details are two major plans for student loan forgiveness.
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Is Disney Stock Poised To Rally Further After Strong Earnings? Disney reported a stronger than expected set of Q3 2022 results on Wednesday, sending the stock up by about 8% in pre-market trading on Thursday.
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Q2 Productivity Down 4.6% -- Will U.S. Standard Of Living Follow? While markets celebrate "zero inflation" in July 2022, I was stunned to discover how much productivity plunged in the first and second quarter.
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What's Next For CVS Health Stock After An Upbeat Q2? CVS Health stock (NYSE: CVS) reported its Q2 results last week, with revenue and earnings comfortably above ours and the street estimates.
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Stocks Look To Put Together A String Of Wins 4222 is a level being talked about as a key technical level for the market and worth watching.
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Premium Consumer Gadgets Rocked by Slowdown

Wall Street Journal - 12 Aug 2022 13:03
Sonos, GoPro, iRobot and game hardware makers show inflation, retail caution and travel pinching sales.
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China Tourism Group Duty Free is planning to raise around $2 billion from a Hong Kong initial public offering, returning to the market after pulling a deal at the end of last year.
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S&P 500 Heads for Fourth Weekly Gain

Wall Street Journal - 12 Aug 2022 12:21
Stocks were poised to close out a fourth weekly advance, extending a rally driven by signs of a slowdown in inflation.
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Japan's Yen Embraced by Speculators

Wall Street Journal - 12 Aug 2022 11:30
Recent gains against the dollar mark a turnaround from earlier this year, when it fell to its weakest level in two decades.
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Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.
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Electric vehicle maker Rivian maintained its full-year guidance for deliveries, but trimmed its full-year financial outlook.
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The country is contending with its worst nuclear outages in decades, putting it at greater risk of blackouts this winter than big neighbors experiencing their own energy headaches.
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Meta Platforms Stock Missed The Consensus In Q2, Where Is It Headed? Meta Platforms' stock (NASDAQ: META) has lost 47% YTD, while the S&P500 is down 12% over the same period.
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What To Expect From Deere's Q3?

Forbes - 12 Aug 2022 13:00
What To Expect From Deere's Q3? Not only do we expect Deere to report an upbeat Q3, we find that DE stock has more room for growth, as discussed below.
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The Stock Market Is Crazy, and You Aren't a Psychologist

Wall Street Journal - 12 Aug 2022 11:30
The rapid rebound in some of last year's favorite stocks doesn't make much sense, but that's totally normal in a bear market. Make sure you don't start "anchoring" on what those pandemic darlings did before.
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