Market News
FTSE 100 Insurer Legal And General Rises After Reassuring Trading Update, News Of £10 Million Hit
Forbes - 18 Nov 2022 14:21
Legal And General reiterated its guidance for 2022 operating profits in end-of-week trading.
After Q3 Beat, Is JPMorgan Stock Fairly Priced?
Forbes - 18 Nov 2022 14:00
JPMorgan's stock (NYSE: JPM) has lost 16% YTD, as compared to the 17% decline in the S&P500 over the same period. Further, the stock is currently trading at $133 per share, which is 4% below its fair value of $138 - Tref...
FTX Didn't Name Names in Related-Party Transactions
Wall Street Journal - 18 Nov 2022 12:30
The lack of detail in financial statements echoes past scandals including Enron.
Taylor Swift Overwhelms Live Nation-Ticketmaster's 70% Monopoly
Forbes - 18 Nov 2022 23:26
Taylor Swift vs. Ticketmaster is a bilateral monopoly -- a big seller (Swift) grappling with a big buyer (Ticketmaster). Don't buy its stock unless you think Congress will get distracted by Hunter Biden's laptop
FTX's Sam Bankman-Fried Cashed Out $300 Million During Funding Spree
Wall Street Journal - 18 Nov 2022 21:29
Nearly three-quarters of the $420 million that FTX raised in a fundraising blitz last year went to founder Sam Bankman-Fried, who sold some of his personal stake in the company.
Real Estate Trends: Why Did Mortgage Rates Suddenly Drop?
Forbes - 18 Nov 2022 21:12
Mortgage rates dropped suddenly in early November when the latest inflation report was released. Here are the factors that play into rates dropping the way they just did, and if they will drop again soon.
Go Deep In The Money!
Forbes - 18 Nov 2022 19:55
In a time that seems particularly fraught with uncertainty, going deep-in-the-money seems like a reasonable tactic because, for the first time in years, investors can now get paid well for hedging themselves.
Waves Of Tech Layoffs -- Which Tech Companies Are Cutting Their Workforce And Why?
Forbes - 18 Nov 2022 18:30
Always among the hardest hit stocks during economic volatility, many tech companies are slashing their workforce. Here's what investors need to know about why Twitter, Lyft, Stripe, Netflix, Meta, and others cut their he...
FTX 'Contagion Risk' Fuels Coinbase Stock Plunge--Analyst Worries Users Will 'Leave Crypto Entirely'
Forbes - 18 Nov 2022 17:26
The FTX collapse has created new headwinds for Coinbase "that warrant additional caution," one analyst warns. Another called crypto a "deteriorating industry."
Why Did Carvana Stock Crash?
Forbes - 18 Nov 2022 16:54
We look at what's been happening with shares of Carvana as the company crashed following disappointing Q3 results. Bad borrowing rates along with shifts in the auto market and supply chain take affect.
A Quiet Week
Forbes - 18 Nov 2022 16:11
As we prepare to head into Thanksgiving week, it's been a relatively quiet week for stocks.
Up Almost 1.5X Last Month, Can SunPower Stock Extend Its Streak?
Forbes - 18 Nov 2022 16:00
SunPower Corporation (NASDAQ: SPWR) is up almost 50% in the past month, outperforming the S&P 500 which was up 7% over this period. If you look at the change over the last week and ten days, too, the stock has returned 3...
Mutual fund becomes 7 years old by turning SIP of ₹10,000 into ₹12 lakhs
livemint.com - 18 Nov 2022 15:09
Aditya Birla Sun Life Equity Savings Fund is an open-ended scheme investing in equity, arbitrage and debt.
Why The Solar Sector Continues To Outperform
Forbes - 18 Nov 2022 15:00
Our theme of Solar stocks - which includes solar panel manufacturers, system installers, and component suppliers - has rallied by about 31% year-to-date, faring better than the broader S&P 500 which remains down by about...
JPMorgan Trying to Expand Minority Small-Business Lending
Wall Street Journal - 18 Nov 2022 14:32
The bank is tweaking its lending criteria in minority neighborhoods across the country to increase loan approvals.
Off-Price Is Thriving on Inventory Bonanza
Wall Street Journal - 18 Nov 2022 14:03
Retailers' inventory woes are turning out to be a treasure trove for off-price sellers such as T.J. Maxx.
Chip Outlook Depends on Tech Giants Not Cutting Too Deeply
Wall Street Journal - 18 Nov 2022 14:03
Cost reductions at Amazon, Facebook, Google and Microsoft could weaken capital spending that fuels major chip purchases
With Student Loan Forgiveness in Legal Limbo, Scammers Pounce
Wall Street Journal - 18 Nov 2022 14:00
Fraudsters are using recent headlines about President Biden's student-debt relief program to prey on anxious and impatient borrowers.
Why the Investing Pros Were Such Suckers for FTX
Wall Street Journal - 18 Nov 2022 14:00
With billions of dollars at stake, lots of smart people turned a blind eye to the crypto company's red flags.
Stock Futures Rise to End Choppy Week
Wall Street Journal - 18 Nov 2022 13:41
Stock futures rose, pointing to gains for major indexes to end a choppy week as investors assess the outlook for interest rates.
SFB offers 9% returns on FDs to senior citizens for a tenure of 181 & 501 days
livemint.com - 18 Nov 2022 13:07
Unity Small Finance Bank Limited (Unity Bank) has raised the interest rates on fixed deposits it offers.
Top 10 financial planning mistakes to avoid ahead of the new year
livemint.com - 18 Nov 2022 12:42
Having a financial plan gives you clarity in life, leads you to make the right financial decisions, and gives it meaning.