Market News
Real Estate Trends: Increasing Interest Rates Continue To Drive Down Mortgage Demand
Forbes - 11 Jan 2023 22:53
As interest rates continue to climb higher and the threat of recession becomes more real by the day, housing demand has slowed. Here's what investors and prospective home buyers need to know about the market right now.
Wells Fargo Is Shrinking Its Mortgage Business
Wall Street Journal - 11 Jan 2023 00:45
Once the nation's biggest mortgage lender, the bank will lend primarily to existing customers and minority borrowers.
Daily Dividend Report: AON, Metlife, Cintas, Realty Income, International Paper, Lakeland Financial
Forbes - 11 Jan 2023 18:40
Daily Dividend Report: AON, Metlife, Cintas, Realty Income, International Paper, Lakeland Financial
Is Coca-Cola Stock A Better Pick Than Its Sector Peer?
Forbes - 11 Jan 2023 14:00
There is more to the comparison, and in the sections below, we discuss why we believe KO stock will offer better returns than PG stock in the next three years.
BlackRock To Top The Earnings Consensus In Q4?
Forbes - 11 Jan 2023 14:00
We expect BlackRock to edge past the consensus estimates for earnings, while the revenues will likely match (just above) the expectations.
China's Reopening Comes in the Nick of Time for Luxury Stocks
Wall Street Journal - 11 Jan 2023 13:50
A boom in spending on luxury goods by Americans and Europeans masked weak demand from Chinese shoppers last year. The trend could flip in 2023.
AT&T Stock Held Up In A Tough Market. What Does 2023 Hold?
Forbes - 11 Jan 2023 13:00
AT&T stock has fared pretty well over the last year remaining roughly flat, compared to the S&P 500 which fell by about 17% over the same period.
Nelson Peltz Plans Proxy Fight Against Disney
Wall Street Journal - 11 Jan 2023 23:53
Trian Fund Management plans to mount a proxy fight for a seat on Walt Disney's board, adding to the challenges for CEO Robert Iger.
JPMorgan Bought Aid Platform, Says Most Users Were Fake
Wall Street Journal - 11 Jan 2023 23:04
JPMorgan bought college financial-aid platform Frank as a way to build relationships with young customers--and now says the company overstated its user numbers by 90%.
Trafigura Sells Stake in Russia-Backed Oil Refinery in India
Wall Street Journal - 11 Jan 2023 22:17
Nayara Energy deal unwinds the once-deep relationship between Trafigura and Russian-backed oil giant Rosneft.
History Says Bull Should Bet On This Pharma Giant
Forbes - 11 Jan 2023 21:58
Shares of Vertex Pharmaceuticals (VRTX) have been in recovery mode since suffering a rapid fall from their Dec. 8 record peak of $324.75.
India's SIP inflows can double in 3 years: Aditya Birla AMC
livemint.com - 11 Jan 2023 21:45
SIP collections were up to a record high of ₹13,573 crore in December, up from ₹13,306 crore in the preceding month
Lessons For Boards Of Directors Courtesy Of Southwest Airlines
Forbes - 11 Jan 2023 20:32
The December holidays are supposed to be filled with joyfulness, respite, family get-togethers, and even a long-planned vacation.
Is The Yield Curve Flashing A False Recession Warning? More Economists Are Starting To Think So
Forbes - 11 Jan 2023 19:58
The Fed is a "real wild card" that could help stave off an economic downturn--or push the nation into a recession--regardless of what the yield curve says, warns one pioneering economist.
Recession-Proof Products To Buff Your Portfolio
Forbes - 11 Jan 2023 19:48
As recession fears mount and interest rates rise, investors are increasingly worried about how a downturn could hit their portfolios.
Five investing trends that you need to unlearn in 2023
livemint.com - 11 Jan 2023 19:03
Financial prudence does not mean that you have to live like a hermit
Know the perils of guaranteed return insurance plans
livemint.com - 11 Jan 2023 18:53
Insurance policies become participatory when policyholders get a share of the surplus of insurers. As for linked products, policyholders get benefits determined by the value of underlying assets like equity or debt.
Wells Fargo Is Backing Out Of The Mortgage Market - What Does It Mean For Homebuyers?
Forbes - 11 Jan 2023 18:52
While not exiting it entirely, they'll be focusing on only providing mortgages to their existing customers, and those in minority communities.
Should you consider buying zero-cost term insurance?
livemint.com - 11 Jan 2023 18:51
The insurance sector is suddenly abuzz with news of a new term life plan
Fintech Stocks Lag Behind The Rest Of The Market -- Should You Buy Or Sell?
Forbes - 11 Jan 2023 18:49
While financial and tech stocks had a rough time in 2022, fintech stocks continue to lag behind the rest of the market. We explore the idea of investing in the fintech space in 2023.
NRIs from these 10 countries will soon be able to make UPI payments
livemint.com - 11 Jan 2023 18:21
NRIs with NRE or NRO accounts in 10 countries can access UPI services for transactions using their international mobile numbers
Inside Bankman-Fried's $1 Billion Bet on a Kazakh Bitcoin Miner
Wall Street Journal - 11 Jan 2023 18:15
Genesis Digital, rigged to consume a small city's worth of electricity in Kazhakstan, is one of the largest assets in the FTX-Alameda wreckage. Extracting value from it could prove difficult.