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Market News

Location American Market News for 2 September 2022

Win an Income-Tax Trifecta With Charitable Donations

Wall Street Journal - 2 Sep 2022 11:30
There's a tax-smart way to make bequests by using assets from individual retirement accounts at death.
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Lower-income and minority households would be more likely to have their debt forgiven entirely under the Biden plan, the JPMorgan Chase Institute found.
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Top Meme Stocks And Meme Stock Rallies

Forbes - 2 Sep 2022 12:45
Top Meme Stocks And Meme Stock Rallies AMC stock closed at $9.12 on August 31 and had a 52-week range of $8.68 to $52.79. Are meme stocks here to stay? Right now, meme stock investing is a thing.
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UBS, Wealthfront Terminate Their Planned Merger

Wall Street Journal - 2 Sep 2022 23:55
The deal, announced in January, was for an all-cash transaction valued at $1.4 billion.
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RSI Alert: Dominos Pizza Now Oversold

Forbes - 2 Sep 2022 23:41
RSI Alert: Dominos Pizza Now Oversold In trading on Friday, shares of Dominos Pizza entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $364.51 per share.
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What Snapchat's Layoffs Mean For Investors

Forbes - 2 Sep 2022 23:16
What Snapchat's Layoffs Mean For Investors Snap plans to lay off around 20% of its global workforce, or nearly 1,300 out of 6,400 employees.
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'Pharma Bro' Shkreli Plots Post-Jail NYC Return--Seeks Home In 'Dope Building With Sick Views' The notorious investor is reemerging from his prison sentence and back on social media.
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These FDs, small saving schemes offer tax benefits up to ₹1.5 lakh Banks and other financial service providers do offer tax benefits in various investment pools that allow investors to minimise their taxable payments.
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The Pending Home Sales And Durable Goods Reports: Forbes AI Newsletter - August 27th 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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Halliburton About To Put More Money In Your Pocket On 9/6/22, Halliburton will trade ex-dividend, for its quarterly dividend of $0.12, payable on 9/28/22. As a percentage of HAL's recent stock price of $29.80, this dividend works out to approximately 0.40%.
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The Job Market Fights the Fed

Wall Street Journal - 2 Sep 2022 17:30
Economic growth since the pandemic struck has outpaced jobs growth, and many industries still have fewer workers than they used to. Slowing down the job market could be hard.
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The Stock Market's Real Inflation Fighters Might Surprise You

Wall Street Journal - 2 Sep 2022 17:00
The conventional wisdom says now's the time to invest in companies that have pricing power. But the last time the U.S. hit a prolonged period of stagflation, those stocks weren't the real stars.
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Stocks Rally As Labor Market Cools Slightly, Taking Some Pressure Off The Fed Stocks pared back losses for the week after the August jobs report showed an uptick in unemployment.
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Which Investments Do Best---and Worst---in a Recession

Wall Street Journal - 2 Sep 2022 16:00
We ran the numbers for seven recessions, and found a big difference between what fared well in the period leading up to recessions and during the recessions themselves
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Emerging-Market Currencies Face Different Degrees of Pain

Wall Street Journal - 2 Sep 2022 15:41
Some currencies look better placed for the months ahead--that could create opportunities for the stout-hearted.
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Recession Fears Could Send This 10% Dividend On A 400%+ Profit Run One of the market's smartest contrarian players just made a shocking move...
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Labor Day Relief

Forbes - 2 Sep 2022 15:22
Labor Day Relief Markets are on pace for a third consecutive week of losses and this week in particular has been brutal.
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Top banking executives who are interested in attending a high-level summit in November don't want exemptions from Hong Kong's strict travel rules, mainly because of the negative optics of being given special treatment.
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For months now, Jerome Powell and the Federal Reserve have been raising interest rates in the hope of slowing the job market.
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What's Happening With Union Pacific Stock?

Forbes - 2 Sep 2022 15:00
What's Happening With Union Pacific Stock? Union Pacific stock (NYSE: UNP) has seen an 11% fall this year, performing slightly better than the broader S&P500 index, which is down 17%.
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Unemployment Rate Unexpectedly Rose To 3.7% In August As Layoffs Continue To Spike Job gains in August fell short of the roughly 318,000 new jobs economists had forecast and were much lower than the 526,000 new jobs added in July.
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What's Next For Xpeng After A Mixed Q2?

Forbes - 2 Sep 2022 14:00
What's Next For Xpeng After A Mixed Q2? Xpeng stock posted a mixed set of Q2 2022 results last week, while also providing a weaker-than-expected delivery outlook for Q3.
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