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Market News

Location American Market News for 4 October 2022

Elon Musk Proposes Closing Twitter Deal on Original Terms

Wall Street Journal - 4 Oct 2022 19:59
The two sides are discussing how the $44 billion deal can be closed, and the judge overseeing their court case requested they come back to her by the end of the day with a potential plan that would allow the litigation t...
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Is ArcelorMittal Stock Likely To Recover From The Recent Selloff? ArcelorMittal stock (NYSE: MT), the largest steel producer in Europe, declined by about 16% over the last month (about 21 trading days).
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What Do Bitcoin Investors Need To Know As October Begins? Bitcoin prices have been trading within a reasonably small range so far this month, showing little volatility. What crucial developments should investors watch in order to stay up-to-date on this innovative asset? Severa...
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Old workplaces could be redeveloped into residential property, but it will take time for the numbers to add up in many city centers.
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TechStars CEO On The Future Of FinTech

Forbes - 4 Oct 2022 13:45
TechStars CEO On The Future Of FinTech Meeting up with TechStars CEO Maƫlle Gavet at the Collision conference in Toronto. Here's what she is excited about in financial technology.
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Bad Time for Markets Has Been Good for Brokerages

Wall Street Journal - 4 Oct 2022 13:03
Firms such as Charles Schwab and Robinhood still have a lot to gain from rising interest rates, even if small investors aren't trading as much.
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EOG Resources A Top 25 Dividend Giant With 2.50% Yield EOG Resources has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a whopping $9.77B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.50% yield
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Kim Kardashian Fined For Cryptocurrency Promotion, Here's What It Means For Crypto The SEC announced that Kim Kardashian has agreed to pay a $1.26 million settlement for her involvement in illegally promoting EthereumMax to 250 million Instagram followers.
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In Twitter, Musk Buys the Walking Dead

Wall Street Journal - 4 Oct 2022 23:24
Amid the online ad market turmoil and legal drama, Elon Musk's path to reviving Twitter is uncertain.
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U.K. Regulator Pushed Pensions to Load Up on LDIs

Wall Street Journal - 4 Oct 2022 20:41
The rush into the derivatives-based investment strategies concentrated risks in the market, sparking a Bank of England bond-market rescue.
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Bridgewater Founder Ray Dalio Hands Over Control of Firm

Wall Street Journal - 4 Oct 2022 20:12
Bridgewater Associates founder Ray Dalio stepped down as co-investment chief of the largest U.S. hedge fund firm, nearly five decades after he started it in his Manhattan apartment.
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This Mumbai-based bank gives inflation-beating rates on bulk FDs, senior citizens get additional 0.5% The highest rate offered is 7.2% -- which is inflation-beating as CPI is currently at 7%. Overall, on these bulk FDs, the interest ranges from 4.9% to 7.20%. The new rates have come into effect from October 4, 2022.
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Tax implications of moonlighting you must know

livemint.com - 4 Oct 2022 19:47
Tax implications of moonlighting you must know Moonlighting income in form of professional fees is better from taxation perspective
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Job Market Gives Fed an Opening

Wall Street Journal - 4 Oct 2022 18:20
A decrease in job openings, if it is followed by other signs of cooling, could give the Fed reason to slow rate increases.
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Top 15 health plans

livemint.com - 4 Oct 2022 18:19
Top 15 health plans Check out health plans for different age groups
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Why AI Can't Be Fooled By Kim Kardashian's Crypto Blunder The crypto market deflated, leaving thousands of investors high and dry - and several celebrities in hot water. A is the answer.
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Messari's Mainnet Conference Two Weeks Later: Crypto Winter Has No End In Sight Mainnet attendees quietly bullish. Why to "Keep Calm and 'Hodl' On."
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More people are taking emergency withdrawals from retirement plans because of natural disasters, but it should be a last resort, financial advisers say.
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New Jobs Data Friday- How Is Employment Tied To A Recession (Does This Officially Tip Us In)? The U.S. unemployment rate went up in August for the first time since April 2020. The jump wasn't nearly as large, though. So what will Friday bring and what does this figure really mean to the Fed and a market that's su...
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Job Openings Post Biggest Drop In Two Years In 'Ominous Sign' For Labor Market The 1.2 million drop in job openings is the first official indicator to point "unambiguously" to a clear slowing in labor demand, says one economist.
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Markets Are Stuck In Overreaction Mode

Wall Street Journal - 4 Oct 2022 16:49
Investors are behaving like sugar-starved children offered a lollipop, grasping for it with delight only to scream when it is taken away again.
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Cathie Wood's Ark Splurged On $32 Million In Tesla Shares During $70 Billion Stock Plunge Morgan Stanley says Tesla is likely to struggle as recession fears intensify, but believes shares could surge 50% over the next year.
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