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Market News

Location American Market News for 16 December 2022
Is Pfizer Stock A Better Pick Over This Pharmaceuticals Bellwether? We believe that Pfizer stock (NYSE: PFE) is currently a better pick than its peer, Johnson & Johnson stock (NYSE: JNJ), given its relatively lower valuation of 3.1x trailing revenues, compared to 4.9x for J&J.
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This New Year, Resolve to Take a WSJ Challenge

Wall Street Journal - 16 Dec 2022 20:52
Sign up for one of our email challenges to start your year.
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Binance Says Accounting Firm Pauses Work for Its Crypto Clients

Wall Street Journal - 16 Dec 2022 16:24
The cryptocurrency-trading giant said Mazars, the firm it uses to reassure customers that their money is safe, has paused its work for crypto clients, and said the outflows from its platform had swelled to $6 billion.
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Carbon-Credit Investors Start to Pay Up for Quality

Wall Street Journal - 16 Dec 2022 12:30
While buyers snapped up carbon credits this year at the same record pace as 2021, they put higher prices on projects seen as more effective in reducing greenhouse-gas emissions.
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The design software company saw revenue growth slow sequentially, including in the key Creative category. But it maintained full-year guidance from October.
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Dow Falls Nearly 300 Points As Economy Enters 'Stronger Downturn' And $4 Trillion Options Expiration Fuels Major Volatility Businesses are ending the year in a "stronger downturn as demand weakness and price pressures bite," S&P Global warned Friday.
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Here Comes A Rare Event: A Stock Market Washout Washouts occur when the stock market becomes overly cluttered with lousy stocks
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Is The Market Pullback An Opportunity For Investors? Looking at the market day-by-day can be scary. But if we expand the time frame, says Commonwealth CIO Brad McMillan, we see a much smoother path.
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Biden Administration Calls on Congress to Rein In Crypto Risks

Wall Street Journal - 16 Dec 2022 20:52
A report from regulators renewed previous concerns with cryptocurrency-related vulnerabilities and gaps in oversight.
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Dow Falls 400 Points: Stock Market Set For Worst Week In Months As $4 Trillion Options Expiration Fuels Major Volatility Businesses are ending the year in a "stronger downturn as demand weakness and price pressures bite," S&P Global warned Friday.
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Stock Market Dips After Wholesale Inflation Report, Fed Meeting Wholesale inflation rose 0.3% in November compared to October, the Fed raised rates again. While newly released economic data showed that wholesale inflation continued to increase in November, signs continue to point to ...
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PepsiCo Plans For Layoffs - Hundreds More Corporate Jobs To Go What's the story behind recently announced layoffs at PepsiCo? We look at the significance of large cap layoffs as opposed to tech layoffs - is this a simple correction or another indication of a pending 2023 recession?
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Adobe Clears Some of Its Cloud

Wall Street Journal - 16 Dec 2022 18:07
The software company's outlook soothed investors worried about slipping demand, but a pricey deal for competitor Figma remains an overhang.
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Should you invest in floating rate fixed deposits amid rising interest rates? Investment returns for floating rate FDs are based on a reference rate, such as the repo rate of the Reserve Bank of India (RBI) or a Treasury Bill yield.
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More Trouble For Trump's Truth Social: Three Execs Abruptly Depart SPAC As Lingering Investigations And Market Chaos Imperil Deal The disclosure of three high-level departures comes one day after Trump hawked Truth Social's latest "major announcement"--a line of $99 NFTs.
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5 investment strategies for HNIs in turbulent times

livemint.com - 16 Dec 2022 17:01
5 investment strategies for HNIs in turbulent times During tumultuous times, one should always root for basics. Excessive noise should be swept away, and only the nuts and bolts of the matter should be examined.
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Adobe Stock Gains 5.7% On Profit Beat, Bullish Outlook With profit beat and faster growth view, Adobe is pulling ahead of its business software peers
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Quadruple Witching Could Prove Volatile For Stocks Major market indices are down on the week, most of those losses have been in the wake of Wednesday's Federal Reserve announcement.
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The European economy is showing signs of pulling through the winter with just a mild recession. The catch for investors is that this gives the European Central Bank license to carry on raising interest rates.
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Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, raised its outlook for the year.
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Beijing's Pro-Business Shift May Prove Fickle

Wall Street Journal - 16 Dec 2022 15:07
U.S. audit officials' successful push to review the work of Chinese auditors adds to signs that the Xi administration wants to shed its bad-for-business reputation.
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Here's Why This Cloud Computing Company Is A Better Pick Over Electronic Arts Stock Although ServiceNow is trading at a comparatively higher valuation of 11.6x trailing revenues vs. 4.7x for Electronic Arts, this gap in valuation makes sense to some extent, given ServiceNow's superior revenue growth and...
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