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Market News

Location American Market News for 29 September 2022
Why Mirae's Global X ETFs is betting on metaverse, cannabis We didn't launch an India ETF because there are already multiple ETFs in the US market offering India-focused ETFs, says Luis Berruga, CEO, Global X ETFs
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Bed Bath & Beyond's results didn't reflect the struggling, debt-laden retailer's turnaround plan, which it announced in August.
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How the U.S. Is Making a Bottom-Up Recovery

Wall Street Journal - 29 Sep 2022 13:00
Households with the lowest incomes are bouncing back better from the Covid-19 crisis than more-affluent ones.
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Govt raises interest on 5 small savings schemes

livemint.com - 29 Sep 2022 20:53
Govt raises interest on 5 small savings schemes The department of economic affairs hiked the interest rates on three-year post office term deposit to 5.8% from 5.5% and on two-year term deposits to 5.7% from 5.5%. Interest payouts on SCSS and KVP were hiked by 20 bps ...
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Looking Into This Little-Known Energy Name

Forbes - 29 Sep 2022 20:45
Looking Into This Little-Known Energy Name Utilities name NextEra Energy (NEE) doesn't often come up when we talk about the green energy space, but maybe it should.
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Tesla: A History Of Innovation (and Headaches) Let's take a look at Tesla throughout the years--the innovations, the hiccups and more that have brought us to Tesla AI Day 2022.
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Stock Market Gloom 'Worse Than Ever' As Fed Signals It May Keep Tightening Until Recession Morgan Stanley's bear case scenario? Another 18% plunge.
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ICICI Bank revises bulk FD rates from 29 Sept. Check latest interest rates here These revised FD rates will be applicable for both new and renewed fixed deposits on ICICI Bank. The interest rates are the same for both the general category and senior citizens in these bulk FDs.
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Enhance risk-adjusted returns with factor investing

livemint.com - 29 Sep 2022 19:21
Enhance risk-adjusted returns with factor investing A single factor investing can only be part of a satellite portfolio of an investor
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What to consider while buying health insurance for family The underwriting for a home loan and life insurance is done independently
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Can home buyers bear another rate hike from RBI? Home loan EMIs may get costlier ahead With a 4th rate hike, overall housing demand is expected to take a short-term hit. Most likely long tenure loans like home loans and lease rental discounting may face a blow if RBI hikes the rate by 50 basis points.
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Pension Strategy Left Funds Vulnerable to Rate Increases

Wall Street Journal - 29 Sep 2022 18:33
A pension-fund strategy that aims to reduce volatility without lowering returns created the first crack in the financial system after one of the fastest interest-rate rises in decades.
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The Chinese affiliate of Big Four accounting firm Deloitte will pay $20 million to settle regulatory claims that it outsourced some audit work to companies whose financial statements it was hired to independently review.
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Bed Bath & Beyond Needs a Miracle

Wall Street Journal - 29 Sep 2022 17:55
This holiday season looks to be a make-or-break one for the besieged retailer.
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Apple Enters Oversold Territory

Forbes - 29 Sep 2022 17:38
Apple Enters Oversold Territory But making Apple Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAPL entered into oversold territory, changing hands as low as $142.73 per share.
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Gold Has Served As An Impressive Store Of Value During The Current Gold is down only around 9.5% for the year, despite surging bond yields, and despite the U.S. dollar being at its strongest level ever relative to other major currencies.
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Porsche IPO Blazes Trail for Other Auto Makers

Wall Street Journal - 29 Sep 2022 16:47
The German sports car brand has shown that investors are prepared to give car makers with good track records better valuations. Peers need to follow its lead.
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Interest rates on some small savings schemes hiked. Find new rates here Post Office small savings schemes: One of the major differences between small savings schemes and FDs is that the former is more cheaper and diverse. There are various Post Office small savings schemes catering right fro...
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Majority Indians falling behind when it comes to retirement planning, says study When it comes to retirement planning, all Indians must embrace 'earlier the better' philosophy and start planning at a young age, to ensure their retirement years provide them an opportunity to live a healthy and financi...
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Here's A Better Pick Over Lockheed Martin Stock There is more to the comparison, and in the sections below, we discuss why we believe BA stock will offer better returns than LMT stock in the next three years.
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Mortgage Rates Rise to 6.7%, Highest Since 2007

Wall Street Journal - 29 Sep 2022 16:00
Mortgage rates are more than double where they were a year ago, adding pressure to the already cooling U.S. housing market.
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What's Driving Vertex Pharmaceuticals Stock Higher? Vertex Pharmaceuticals stock (NASDAQ: VRTX) has seen a 33% rise this year, significantly outperforming the broader S&P500 index, down 23%.
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