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Market News

Location American Market News for 16 November 2022

Crypto Lender Genesis Suspends Withdrawals After FTX Collapse

Wall Street Journal - 16 Nov 2022 16:11
The swift demise of FTX created unprecedented turmoil for Genesis, causing the company's lending arm to be unable to meet all withdrawal requests, the company told clients.
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Is Goldman Sachs Stock Attractive At The Current Levels? Goldman Sachs' stock (NYSE: GS) has lost roughly 3% YTD as compared to the 17% drop in the S&P500 index over the same period.
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FTSE 100 Stocks: Sage Group Rises 6% Following News Of Soaring Cloud Sales Organic sales, operating profits and margins all rose in the year to September 2022.
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Dick's Sporting Goods Stock Hit With Retail Headwinds Before Earnings Dick's Sporting Goods (DKS) stock is breaking below support at the $100-$101 region today, as well as its 200-day moving average, though the 150-day trendline appears to be keeping losses in check.
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Why Are Tech Companies Laying Off So Many Workers? The widespread downsizing has been driven by a hiring spree during the pandemic lockdowns and the concerning economic headwinds ahead.
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How a Delhi couple bought first home for ₹37 lakh

livemint.com - 16 Nov 2022 20:52
How a Delhi couple bought first home for ₹37 lakh From zeroing in on the locality to shifting to their new home, here's their interesting journey
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Bitcoin Technical Analysis: Is The Digital Currency Headed Toward The $13,000 Range? Morgan Stanley recently warned that bitcoin could fall to the highs it set in 2019 and 2020 after breaking through key support in the $18,000 range. Several market observers weigh in, offering technical analysis and mark...
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How is carpet, built-up and super built-up area calculated? Carpet area is the area of a flat that can be covered by a carpet
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Should I invest in existing or new funds for long-term goals? Your investments have the potential to generate good long-term returns. However, having SIPs in 16 equity funds is over-diversification and could sometimes be counterproductive
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How to position your portfolio for the coming decade

livemint.com - 16 Nov 2022 19:50
How to position your portfolio for the coming decade Traditional debt funds can significantly lower risk and add stability to your portfolio
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Will Gap Stock Trade Lower Post Q3 Results?

Forbes - 16 Nov 2022 19:00
Will Gap Stock Trade Lower Post Q3 Results? Gap Inc. stock (NYSE: GPS), a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children under the Gap, Old Navy, and Banana Republic brands, is scheduled to report it...
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America's Spending Boom Might Get Less Top Heavy

Wall Street Journal - 16 Nov 2022 18:42
Recent shifts in the economy could mean high-end retail is in for a less luxe holiday season.
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Amazon Is Next In The Onslaught Of Tech Layoffs Amazon plans to lay off around 10,000 employees beginning as soon as this week.
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Well Done Is Better Than Well Said - The Mutual Benefit Of Integrating ESG With Compliance: Part One This is the first of a two-part series highlighting how companies and other organizations can execute their ESG strategies successfully by integrating compliance as a value-added function, so that their ESG actions match...
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Crypto Lender Genesis Suspends Withdrawals: FTX Collapse Created 'Unprecedented Market Turmoil' The crypto firm with some $3 billion in loan volume is the latest to suspend customer withdrawals.
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2 Bargain Stocks Set To Hike Payouts Into 2023 Now is the best time to roll out our favorite dividend "hack."
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Target Stock Tanks After Warning Of Stingy Holiday Season--Even As Retail Sales Rise The latest retail data reveals the "precipitous decline" in consumer spending seen by Target may not mean a painful holiday season for all retailers.
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A Tale Of Two Retailers

Forbes - 16 Nov 2022 16:19
A Tale Of Two Retailers On the earnings front, yesterday both Home Depot and Walmart reported better than expected earnings.
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Verisign Stock Has Underperformed Despite Steady Sales Growth - Here's Why Verisign Inc. (NASDAQ: VRSN) stock price has gained 31% from around $148 at 2018 end to $193 currently, primarily due to favorable changes in its revenues and P/S multiple.
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How a part-time job can affect a retiree's finances

livemint.com - 16 Nov 2022 15:47
How a part-time job can affect a retiree's finances Getting a side job to earn some money can have a surprising impact on taxes and Social Security benefits
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Pfizer A Top 25 Dividend Giant With 3.29% Yield Pfizer has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $34.47B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 3.29% yield
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Singapore's Sea Is Passing Through the Storm

Wall Street Journal - 16 Nov 2022 15:33
The tech company's shares could see some further upside as it accelerates its path to profitability and if it succeeds in reversing its cash burn.
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