Market News
U.K. Markets Are On Sale. Nobody Wants to Buy.
Wall Street Journal - 17 Oct 2022 10:45
Valuations on U.K. stocks and bonds are at historical lows, but investors are wary over government borrowing plans and the end to the BOE's bond buying.
Goldman Plans Sweeping Reorganization
Wall Street Journal - 17 Oct 2022 04:22
Goldman Sachs Group Inc. plans to fold its biggest businesses into three divisions, undertaking one of biggest reshuffles in the Wall Street firm's history.
Earnings Preview: What To Expect From Netflix On Tuesday
Forbes - 17 Oct 2022 19:18
Earnings Preview: What To Expect From Netflix On Tuesday. Here's a closer look.
Intel Eyes Significantly Lower Valuation in IPO of Mobileye Unit
Wall Street Journal - 17 Oct 2022 22:20
Mobileye, originally expected to land a roughly $50 billion valuation, is now set to target one of under $20 billion and sell a smaller number of shares than originally planned, according to people familiar with the matt...
Funding Worries Hit Some Banks More Than Others
Wall Street Journal - 17 Oct 2022 21:25
Earnings have revealed a divide between lenders on deposit pressures, though maybe not as much as the market thinks.
JPMorgan Investment Banking Chair Carlos Hernandez to Retire
Wall Street Journal - 17 Oct 2022 21:00
JPMorgan Chase executive Carlos Hernandez, the leader of the bank's investment banking staff and a member of Jamie Dimon's inner management circle, will retire next year.
CEO of Anti-Woke Bank Startup GloriFi Resigns
Wall Street Journal - 17 Oct 2022 19:45
Toby Neugebauer stepped down as CEO following a Wall Street Journal article detailing the company's turbulent start.
Visa, Mastercard Draw New Government Scrutiny
Wall Street Journal - 17 Oct 2022 19:25
The FTC is examining whether the companies' security tokens prevent online debit-card payments from going over other networks.
How much will your monthly expense cost after a year due to inflation?
livemint.com - 17 Oct 2022 19:11
The costs of your financial goals increase at a faster rate, lowering the benefits that you get from investments
Bank of America CEO Says Consumers Are in Good Shape
Wall Street Journal - 17 Oct 2022 19:03
Bank of America Corp. Chief Executive Brian Moynihan said high inflation and rising interest rates haven't done much to weaken the health of the American consumer.
Outperformance of Indian equities set to continue
livemint.com - 17 Oct 2022 19:02Earnings Preview: What To Expect From Goldman Sachs On Tuesday
Forbes - 17 Oct 2022 18:57
Goldman Sachs Group Inc. is scheduled to report earnings before Tuesday's open. Here's a closer look.
How is my UAE investment taxed in India?
livemint.com - 17 Oct 2022 18:53
Making an investment in Dubai will not have any income tax implication as such. However, certain compliances will have to be met for rules laid out by the Reserve Bank of India and FEMA
Xi's Contradictory Vision for China
Wall Street Journal - 17 Oct 2022 18:39
The Chinese leader's speech on Sunday put workforce development and innovation at the heart of the economy, but his policies have blocked foreign students and hurt employment at home.
SBI slashes interest rate on savings accounts by 5 bps to 2.70%. Details here
livemint.com - 17 Oct 2022 17:59Want to invest using your Diwali bonus? FDs, equities, or mutual funds, which is better
livemint.com - 17 Oct 2022 17:18
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "It makes sense to invest in fixed income assets like FDs during a rising interest rate environment like now. But ideally, the Diwali bon...
PayPal, Kanye And CBDCs
Forbes - 17 Oct 2022 17:02
These cases represent what I believe are legitimate and mounting concerns surrounding centralized finance.
Mastercard Is Bringing Crypto Trading To Your Bank
Forbes - 17 Oct 2022 16:55
The program will see Mastercard act as a middleman between banks and crypto trading platform Paxos.
European Natural-Gas Prices Slide as EU Mulls Cap
Wall Street Journal - 17 Oct 2022 16:47
Traders braced for a European Commission proposal to place a price cap on wholesale markets if the continent's energy crisis spirals into an emergency.
State Street Stock To Edge Past The Consensus In Q3?
Forbes - 17 Oct 2022 16:45
State Street (NYSE: STT) is scheduled to report its fiscal Q3 2022 results on Tuesday, October 18, 2022.
British U-Turn Shows Central Banks Still Rule (and That's Not Always Good)
Wall Street Journal - 17 Oct 2022 16:28
The U.K. government rolling back its tax cuts brings short-term relief, but also dashes hopes of thoughtful policy coordination between governments and central banks.
Yet Another Rollercoaster Week For Stocks On Deck: Dow Jumps 550 Points Thanks To Optimism Across The Pond
Forbes - 17 Oct 2022 15:57
It's a historically volatile stretch for stocks, with the Dow moving by 1.5% or more about half of the trading days over the last month, far exceeding its 10% historic rate for that threshold.