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Market News

Location American Market News for 11 December 2022

Fed Rate Increases Are Squeezing Consumer-Finance Companies

Wall Street Journal - 11 Dec 2022 12:30
Companies that offer auto loans, mortgages and buy-now-pay-later programs are retrenching.
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Buy? Despite 106% Growth SentinelOne Stock Trades 80% Below Peak SentinelOne's revenue is up over four-fold since 2020, so why does its stock trade 80% below its peak?
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Elon Musk's Six Rules: Would You Survive Working For Elon Musk? Elon Musk has six rules for productivity, primarily related to minimizing time spent in meetings and keeping communication clear. But are they effective?
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How is money gifted to your spouse taxed?

livemint.com - 11 Dec 2022 18:15
How is money gifted to your spouse taxed? As per the provisions of section 64 of the Act, incomes arising directly or indirectly to the spouse receiving the gift from the assets gifted shall be clubbed in the income of the spouse who has gifted for the purpose o...
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Taxpayers' dilemma: Conflicts between tax laws and Fema Under the Liberalised Remittance Scheme of Fema, within the $250,000 annual limit, you can give a foreign currency loan only to a relative as defined under the Companies Act. This definition only covers immediate relativ...
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More Aging Baby Boomers Are Living Alone -- How Do They Compare With Previous Generations? With more aging baby boomers living alone, this impacts the labor and housing markets. We're going to break down what it means to have 26 million Americans over the age of 50 living alone.
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Twitter's Advertising Truth Hurts

Wall Street Journal - 11 Dec 2022 16:00
Mr. Musk's vague tweets on the subject have Twitter-watchers in a tither, underscoring the urgency of competing for a shrinking pool of ad dollars.
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SoftBank Leads Way as Asia Tech Investors Sell Shares

Wall Street Journal - 11 Dec 2022 12:30
Many longtime shareholders are cashing out of their investments, a troubling sign after what has already been a painful market selloff.
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