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Market News

Location American Market News for 12 October 2022
Should You Buy Bio-Rad Laboratories Stock After Its 50% Fall This Year? Bio-Rad Laboratories stock (NYSE: BIO), a life science research and clinical diagnostic products company, has seen a 48% fall this year, significantly underperforming the broader S&P500 index, down 24%.
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OPEC Returns Fire, Takes Aim At Biden's SPR Release With Clear Message The real message that came out of last week's OPEC meeting is clear: Saudi Arabia and OPEC are the world's crude oil swing producers; they are the ones who want to be in control, and in fact are largely in control, of sh...
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Will Abbott Stock Rise After Its Q3 Results? Supply chain disruptions, forex headwinds, and a decline in Covid-19-related demand will likely weigh on the company's performance.
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Tesla Is Set For A Record Q3. What Does This Mean For The Stock? Tesla is expected to publish its Q3 2022 earnings on October 19, reporting on a quarter that saw deliveries soar to record highs.
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Vista Nears $4.5 Billion Deal to Buy KnowBe4

Wall Street Journal - 12 Oct 2022 13:27
The private-equity firm is close to agreeing to pay almost $25 a share for the cybersecurity provider based in Clearwater, Fla., in a rare leveraged buyout
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What's Weighing Nio Stock Down?

Forbes - 12 Oct 2022 11:00
What's Weighing Nio Stock Down? Nio stock has declined by close to 40% over the last month (about 21 trading days) considerably underperforming the broader S&P 500 which remains down by about 12% over the same period.
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The two companies, along with institutional partners, are forming a strategic partnership to acquire the nuclear-services business.
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Still Room For Growth From PepsiCo's Q3?

Forbes - 12 Oct 2022 00:25
Still Room For Growth From PepsiCo's Q3? PepsiCo (NYSE: PEP) is scheduled to report its Q3 2022 results on Wednesday, October 12.
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DS Smith's Shares Soar 11% As Trading Beats Forecasts. Here's Why You Should Buy It Strong pricing and cost-saving measures mean that the packaging manufacturer is beating expectations.
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High Interest Rates Are Not Likely To Come Down Soon, FOMC Minutes Indicate The latest Federal Open Market Committee meeting minutes show that many central bank officials are willing to do what it takes to bring inflation under control, including using tighter monetary policy. This development c...
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S&P 500 And Nasdaq Post New 2-Year Lows After Fed Signals Higher Unemployment May Be Necessary To Tame Inflation The S&P has tumbled more than 25% this year.
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How the Fed Might Slow Down

Wall Street Journal - 12 Oct 2022 21:59
The Federal Reserve's big rate increases are raising the risks that it will overshoot.
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Fed Acknowledges Rate Hikes Will Fuel Unemployment--But Warns Inflation Could Cause 'Far Greater Economic Pain' Officials are facing a wave of growing criticism that their aggressive rate hikes will spark a recession--but they're not backing down as inflation remains near 40-year highs.
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Should you surrender a Ulip policy during the lock-in period? Surrendering a policy implies that the policyholder wants to exit the policy before its maturity
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This neo bank offers inflation-beating interest rate of 7.5% to senior citizens on FDs. Check rates here FDs are the most traditional investment schemes available in India giving guaranteed returns and eliminating risks. Elderlies who cannot bear the risk of market-related instruments generally choose FDs.
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How should I invest to create a corpus of ₹23 lakh in 3 years? If we assume a rate of 9%, then at the end of three years, you would have a corpus of ₹18.5 lakh
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Major life events that can affect estate planning goals The most sought-after routes for estate planning are writing a will or creating trusts
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Walgreens Boots Alliance Prepares For Quarterly Earnings Walgreens Boots Alliance (WBA) is gearing up for its fiscal fourth-quarter earnings report, due out before tomorrow's open, in which analysts expect profits of 77 cents per share.
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Fear of Looking Political Is Making Central Banks Mess Up

Wall Street Journal - 12 Oct 2022 17:53
The Bank of England is the latest central bank to shoot itself in the foot. It may be an opportunity for bond buyers.
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U.K. Pension Funds Rush to Raise Cash

Wall Street Journal - 12 Oct 2022 17:39
The funds are seeking to satisfy collateral calls triggered by rapid moves in government bonds. Many worry that the BOE's plan to end emergency bond buying could spark more volatility.
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Surging Yields Could Create Substantial Headwinds For Cryptocurrencies Yields have been pushing higher lately, a development that could entice investors, causing them to purchase interest-bearing assets. This development could reduce demand for risk assets like cryptocurrencies if market pa...
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Gambia Tragedy Threatens India's Play for Drug Dominance

Wall Street Journal - 12 Oct 2022 17:14
The deaths of over 60 children in Gambia, allegedly linked to cough syrup made in India, is a blot on the country's pharmaceuticals industry--a key global exporter of generic medicines.
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