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Market News

Location American Market News for 30 September 2022
Burberry's new creative designer Daniel Lee could lure new shoppers--and perhaps a deep-pocketed buyer too.
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Down 74% This Year, What's Next For Xpeng Stock? Over the last month, the stock has declined by about 26% amid concerns about interest rate hikes, continued high inflation, and signs of a weakening global economy.
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Is Citigroup Stock Attractive At The Current Levels? Citigroup's stock (NYSE: C) has lost 28% YTD, as compared to the 22% decline in the S&P500 over the same period.
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What's Happening With FedEx Stock?

Forbes - 30 Sep 2022 14:00
What's Happening With FedEx Stock? FedEx stock (NYSE: FDX) has plunged 31% in a month, underperforming its peers, with UPS, XPO, and CHRW stocks down between 13 and 15% and the broader S&P500 index down 8%.
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Barclays to Pay $200 Million SEC Fine Over Debt-Sale Snafu

Wall Street Journal - 30 Sep 2022 00:22
The flub involved the sale of structured notes, or debt instruments linked to an underlying reference such as the S&P 500 index, and exchange-traded notes.
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Hoping For A Fed Rescue Plan?

Forbes - 30 Sep 2022 22:21
Hoping For A Fed Rescue Plan? Another record-breaking month has left many strategists confused as well as frustrated. One well-known strategist thinks the Fed could stabilize the market and the Viper Report's Tom Aspray addresses their concerns.
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Two senators are pushing to include proposed credit-card routing rules in a defense-spending bill.
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ESG Investors Should Support Big Oil

Forbes - 30 Sep 2022 21:37
ESG Investors Should Support Big Oil ESG investors should consider investing in well regulated big oil and gas if they want to get us safely to a renewable future.
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Rates To Blame For Recent Market Volatility? What's driving recent market volatility? Commonwealth CIO Brad McMillan says it's all about interest rates.
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Société Générale Names Slawomir Krupa as New CEO

Wall Street Journal - 30 Sep 2022 19:04
The French lender named its investment-banking head as its next chief executive, replacing Frédéric Oudéa.
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Atal Pension Yojana (APY) to end for taxpayers from today: What's now for them? The Government of India's Atal Pension Yojana (APY), a pension programme, is targeted at employees in the unorganized sector.
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What Nintendo's Stock Split Means For Investors The company hopes that the move will make Nintendo shares more affordable for homegrown investors.
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Higher Rates Will Put the Kibosh on Consumption Growth

Wall Street Journal - 30 Sep 2022 17:23
Americans consumers are coping with inflation, but higher rates could be a different story.
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United Airlines Holdings Stock Looks Set For A Come Back United Airlines Holdings Inc. stock (NASDAQ: UAL) is down 6.1% in the past week, strongly underperforming the S&P 500 which was down 1.8% over this period.
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U.S. Wage Growth Fails To Keep Up With Rising Prices For 17 Consecutive Months While CEOs have seen a real hourly wage increase in recent years, American workers have seen a decrease when you factor in inflation -- it's bad for the economy and investors, here's why.
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Carnival Stock Plunges 20% To 30-Year Low After Worse Than Expected Loss Morgan Staley has warned shares of the debt-loaded cruise liner could plunge to $0 in a worst-case scenario.
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How RBI's repo rate hike will impact the economy and your personal finance? On September 30, the Monetary Policy Committee (MPC) increased interest rates by 50 basis points, as anticipated, to 5.90% while maintaining its FY23 inflation prediction of 6.7 percent.
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What's Happening With Roche (RHHBY) Stock?

Forbes - 30 Sep 2022 16:00
What's Happening With Roche (RHHBY) Stock? This can be attributed to Biogen's success with its Alzheimer's treatment - Lecanemab - in late-stage clinical trials.
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More Trouble for China's Export Juggernaut

Wall Street Journal - 30 Sep 2022 15:07
China is more dependent on exports for growth than it has been in years. But the export boom is starting to lose steam.
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HDFC hikes lending rate by 50 bps; EMIs to go up

livemint.com - 30 Sep 2022 15:01
HDFC hikes lending rate by 50 bps; EMIs to go up HDFC hikes lending rate by 50 bps
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This E-Commerce Giant Is A Better Pick Over Walgreens Stock There is more to the comparison, and in the sections below, we discuss why we believe AMZN stock will offer better returns than WBA stock in the next three years.
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Wary Investors Struggling to Find Places to Hide

Wall Street Journal - 30 Sep 2022 15:00
Nervous investors are questioning how to evade further pain in this year's widespread market tumult.
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