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Market News

Location American Market News for 3 October 2022
Aditya Birla Health Insurance launches Activ Fit health insurance policy. Check details Targeted at consumers who are health aware and active, this new product by ABHICL looks at rewarding them for their good health behaviour.
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Vodafone Speeds Up Talks To Merge With Rival Three Vodafone plans to merge with its competitor to help with the UK's 5G rollout, it says.
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Credit Suisse Has No Time to Lose

Wall Street Journal - 3 Oct 2022 14:36
The bank risks getting caught in a doom loop as worries flood into a strategic vacuum while investors wait for a new turnaround plan. Management needs to act quickly to break the cycle.
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Crypto Could Threaten Financial System, Panel Warns

Wall Street Journal - 3 Oct 2022 23:41
Risks tied to cryptocurrencies could grow rapidly and eventually threaten the broader financial system, a panel of senior U.S. officials warned Monday.
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Concerns About Credit Suisse Mount After Debt Slide

Wall Street Journal - 3 Oct 2022 21:20
Investors and analysts called on the Swiss banking giant to move faster with cost savings and fresh investor capital.
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Do you use Amazon Pay? Here's how to shop for mutual funds One can invest in direct plans of MFs, and select FDs via Kuvera's Wealth account on Amazon Pay
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What Does A Recession Mean For Me? And What Are The Best Places To Invest Money Right Now? It's difficult to prepare your investment portfolio for a recession, but keeping an eye on the long term is a good place to start.
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Should you invest in 'grandfather' debt funds

livemint.com - 3 Oct 2022 19:44
Should you invest in 'grandfather' debt funds The MF industry is seeing a new crop of target maturity funds being launched or awaiting approval from the Sebi
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Which Industries Benefit The Most After A Hurricane? Hurricane Ian is already believed to be among the costliest hurricanes in U.S. history, with the upper range forecast at $70 billion in damages. That would put it in at least the top 10 costliest storms, adjusted for inf...
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How To Avoid Phantom Income From Wash Sale Loss Adjustments Take a loss on a security, repurchase it within 30 days (after or before), and that creates a wash sale loss. Take specific steps to avoid phantom income and taxes.
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Tax deduction on perquisites or benefits received

livemint.com - 3 Oct 2022 19:29
Tax deduction on perquisites or benefits received Under the new provision, CBDT guidelines are binding on taxpayers too
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Home loan EMIs rise at SBI, ICICI Bank, HDFC, others to follow. How RBI's rate hike impacts Although home loan rates have scaled further up in some banks and NBFCs, the overall impact of the latest repo rate hike is expected to be gradual in the housing sector. But if RBI continues to aggressively hike the key ...
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Shortages, Gluts, Deflation: The Bottlenecks In The Economy Are Breaking "Lumber prices have fallen to their lowest level in more than two years, back to what they cost before the pandemic." - Similar deflationary trends are apparent across the entire spectrum of commodities.
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Economic Turmoil Separates Manufacturing's Haves, Have Nots

Wall Street Journal - 3 Oct 2022 18:29
U.S. factories have been weathering the effects of rising rates, a strong dollar and a slowing global economy remarkably well. For some of them, that probably can't continue.
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37% of Paisabazaar's credit score consumers are from Tier-3 cities and towns Ease of access to credit score along with continuous brand investments for the last 6 years and several industry-first initiatives have resulted in consumers from varied segments visiting Paisabazaar for their free credi...
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Bluebird Bio has received a lot of attention for pricing two FDA-approved gene therapies at around $3 million, but its financial future remains uncertain.
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Credit Suisse Shares Tank As Capital Concerns Spark Reminders Of Lehman Brothers Failure: Here's What We Know Credit Suisse shares cratered to an all-time low Monday as some feared the worst about the bank's future.
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Sebi cautions public against unregistered PMS

livemint.com - 3 Oct 2022 16:05
Sebi cautions public against unregistered PMS This comes after Sebi noticed that some entities are collecting money from the public to provide PMS. This is being done by luring the public, with an assurance of high returns through pamphlets and some social media pla...
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JetBlue Stock Looks Unlikely To Bounce Soon After 17% Fall Last Month JetBlue Airways Corporation stock (NASDAQ: JBLU) is down 17% in the past month, strongly underperforming the S&P 500 which was down 8.9% over this period.
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A Wild Week In Energy Markets And The British Pound Takes A Tumble: Forbes AI Newsletter - October 1st 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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Southwest Airlines Stock Has Lost More Than 50% Since 2017- Here's Why Southwest Airlines Co (NYSE: LUV) stock price lost more than 50% from $65 in 2017 end to around $31 currently, primarily due to unfavorable changes in its P/S multiple.
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Does October Bring Further Tricks?

Forbes - 3 Oct 2022 14:56
Does October Bring Further Tricks? Heading into the first week of October, the unmistakable signs of Fall are abundant.
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