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Market News

Location American Market News for 6 January 2023
FTSE 250 Stocks: Essentra's Shares Slump 9% As Sales Fall In Q4 Industrial fastenings business slumps as headwinds intensify at the end of 2022.
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Amazon Plans To Cut 18,000 Jobs, What To Expect? Amazon's stock (NASDAQ: AMZN) has lost approximately 51% in 2022 as compared to the 25% drop in the S&P500 index over the same period.
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Copper Prices Have Recovered A Bit. Is Freeport Stock Worth A Look? FCX, one of the largest producers of copper, has seen its stock rally by close to 30% over the last quarter. Copper futures prices have risen in recent months, rising from about $3.30 per pound in early October to almost...
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Applications of Artificial Intelligence Across Various Industries As the use cases for artificial intelligence grow, it's inevitable that we'll discover more ways it can improve our lives.
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VR Headset Sales Underperform Expectations, What Does It Mean For The Metaverse In 2023? The metaverse is buggy, and the admission fee is high. Will a rough year of VR headset sales be followed by a comeback or more of the same? Several companies are releasing new VR headsets this year, including Apple, Meta...
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How To Save Money Fast - Pump Up Your Emergency Fund To Prep For Hard Times Building an emergency fund is an essential financial step. It can save you from having to take on expensive debt in an emergency, not to mention piece of mind.
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As the U.S. Gets Older, Some ETFs Bet on Aging in Place

Wall Street Journal - 6 Jan 2023 19:00
A number of thematic funds are focused on companies that help seniors who want to stay in their homes as long as possible.
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Experts Believe We're Heading For A 1969 Recession - So What Happened Back Then? An analyst from JP Morgan believes that the US stock market is behaving just like it did back in 1969 prior to the recession.
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The Fed's Fear of a Wage-Price Spiral Might Soon Abate

Wall Street Journal - 6 Jan 2023 18:27
The job market happens to be strong and inflation happens to be high. A big question for the Federal Reserve is how much those two things have to do with each other.
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The standard portfolio of 60% stocks and 40% bonds just delivered one of its worst years in history. That doesn't mean it's a bad approach.
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You May Be Able to Buy a Self-Driving Car After All

Wall Street Journal - 6 Jan 2023 17:21
Technology supplier Mobileye has articulated a credible path to vehicle autonomy, and unlike most peers can fund its way.
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The Case Against Frequent Rebalancing of Portfolios

Wall Street Journal - 6 Jan 2023 17:00
Investors are constantly told to rebalance on a regular schedule. But the numbers tell a different story.
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Labor Market Slows Just A Bit In December But Remains Strong The December job report just released by the Bureau of Labor Statistics shows a labor market that is gradually slowing but remains strong.
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Unemployment Rate Falls To 3.5%--But Job Quality Is Deteriorating--As Fed Works To Fight Inflation The latest jobs report follows a slew of data points suggesting the labor market remains strong despite widespread layoffs at major tech firms.
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Strong Jobs Number Again

Forbes - 6 Jan 2023 16:00
Strong Jobs Number Again December's employment report was a bit of a mixed bag.
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How to claim NPS death benefits upon the sudden demise of a subscriber? National Pension System (NPS), which is run by the Pension Fund Regulatory & Development Authority (PFRDA)
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This Robotic Products Company Is A Better Pick Over Medtronic Stock We believe Intuitive Surgical stock (NASDAQ: ISRG) is currently a better pick than Medtronic stock (NYSE: MDT), given its better prospects.
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Is Now a Good Time to Buy a New Car?

Wall Street Journal - 6 Jan 2023 15:00
Buyers now have more cars to choose from, but the combination of high prices and interest rates means good deals remain in short supply.
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Australia's pension funds are confronting whether they can afford to tilt away from the resources industry during a period of elevated commodity prices.
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Sliding Natural-Gas Prices Deal Surprise Reprieve to Europe

Wall Street Journal - 6 Jan 2023 13:46
Prices have halved over a month, easing worries of an industrial meltdown, but the benefits will take months to fully feed through to most businesses and consumers.
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New Biden Law Won't Kill Drug Cures. It Will Reshape Them.

Wall Street Journal - 6 Jan 2023 12:30
Legislation signed by the president in 2022 is likely to affect how pharmaceutical companies allocate capital.
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A Twist on IPOs Gains Steam as Market Stalls

Wall Street Journal - 6 Jan 2023 12:30
A filing by a J&J unit for a corporate carve-out highlights what some see as a corporate opportunity during soft interest in riskier assets.
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