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Market News

Location American Market News for 22 December 2022
Nokia Stock Poised For Recovery After Dismal Week? Nokia stock (NYSE: NOK) is down 7.2% in the past week (five trading days), performing much worse than the S&P 500, which was down 3.3% over this period.
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What's Driving Growth For Keurig Dr Pepper Stock? Keurig Dr Pepper stock (NYSE: KDP) has seen a 2% fall this year, far better than the broader S&P500 index, which is down 20%.
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The associate of FTX founder Sam Bankman-Fried is cooperating with the probe into the collapse of the cryptocurrency exchange.
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Showdown In Hong Kong: PCAOB Declares A Win As China-Based Auditors Open Access At least for now, the delisting clock for Chinese companies has been stopped for three years, according to Gary Gensler, Commissioner for the Securities and Exchange Commission (SEC). The waters seem safe to invest in Ch...
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$1.7 Trillion Spending Bill Passes U.S. Senate - What's In It? With over 4,000 pages worth of legislation, it's not the type of thing that can be summarized easily. With that said, we've pulled out some of the key areas from the bill.
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Housing Market Trends: Homebuilder Sentiment Falls For 12 Months Straight - Why It Matters The Fed has indicated it intends to continue raising rates through at least the end of 2023 or until inflation gets closer to 2%. Either way, it will be a rough road for homebuilders until the housing market picks up aga...
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'Disaster Of Epic Proportions': Tesla Slides 9% As Demand Worries Pile Onto Concerns About Musk's Twitter Focus Recent discounts on Tesla's electric vehicles "are pouring gasoline on the raging fire on Tesla's stock," which is down nearly 70% this year.
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10 years of RIAs: Sadagopan's journey as financial planner In an interview with Mint, Sadagopan, a registered investment adviser (RIA), talks about his shift from an advisory and distribution business to a fee-only advisory model, and how the industry landscape and investor awar...
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Tech Layoffs Update: Unicorn Pluralsight Lays Off 20 Percent Of Staff, December 2022 Pluralsight recently announced it was laying off 400 workers, roughly 20% of its staff, due to the weak economy. Here is why this is happening.
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Are Market Risks On The Rise?

Forbes - 22 Dec 2022 20:59
Are Market Risks On The Rise? November's market performance was encouraging, but will we see future declines? Commonwealth CIO Brad McMillan takes a look ahead.
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CarMax Practices Defensive Driving

Wall Street Journal - 22 Dec 2022 20:54
Unlike some of its competitors, the used-auto retailer is chasing profitable sales instead of short-term market share gains.
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Sam Bankman-Fried to Be Released on $250 Million Bond

Wall Street Journal - 22 Dec 2022 20:43
The FTX founder makes first U.S. court appearance following his extradition from the Bahamas
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Dow Plunges Over 700 Points As 'New Risks' Fuel Recession Fears Growing signs suggest the Fed may have much more work left to cool the economy and tame inflation.
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Can I prepay my education loan by breaking the collateral FD? Since the FDs have been used as collateral for the education loan, you may not be able to break these FDs, even if your intent is to prepay the loan with these deposits.
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Is The Economy On The Brink Of Recession? Here's Why Strong GDP Data May Not Tell The Whole Story The U.S. economy grew more than economists expected in the third quarter--officially signaling the economy has emerged from a so-called technical recession earlier in the year.
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Caroline Ellison and Gary Wang were involved in decisions made at the crypto empire, U.S. authorities say.
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Relative Strength Alert For General Motors

Forbes - 22 Dec 2022 18:33
But making General Motors an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of GM entered into oversold territory, changing hands as low as $34.06 per share.
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This 9.3% Dividend Should Soar In 2023

Forbes - 22 Dec 2022 18:25
This 9.3% Dividend Should Soar In 2023 It couldn't be any cheaper, either--this high-quality fund is trading at a 17% discount to fair value!
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Want To Invest In Artificial Intelligence? Here Are 6 Front Runners In Machine Learning Artificial intelligence is the next great technological advancement that will change the way we do many things. Here are the companies leading the way from technological standpoint and an investor perspective.
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In Avatar, Disney Needs a Gift That Keeps on Giving

Wall Street Journal - 22 Dec 2022 17:19
Blockbuster sequel needs to show legs to live up to hopes for a new global franchise.
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AMC Shares Flop 22% To Lowest Level Since Before Meme Trading Craze A proposed reverse stock split fueled the latest loss for AMC, which is down about 95% from its June 2021 peak.
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Goldman Banking on Apple Partnership in Consumer Push

Wall Street Journal - 22 Dec 2022 16:25
The Wall Street firm has pursued a deeper relationship with the iPhone maker while other big banks have resisted.
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