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Market News

Location American Market News for 20 January 2023
Capital One Stock To Post Mixed Results In Q4? We expect Capital One to beat the consensus estimates of earnings but revenues will marginally miss (in line) the expectations.
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NFT Coins Spring To Life As This High Risk Crypto Sector Faces Five Key Hurdles In 2023 Not only that, NFTs don't have same characteristics of bitcoin, or major blockchain players like Ethereum.
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Zerodha wants to tutor your kid on the ABC of finance Zerodha's education platform has launched Varsity Junior to spread financial literacy among school-going children.
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Morgan Stanley CEO James Gorman Gets $31.5 Million for 2022

Wall Street Journal - 20 Jan 2023 23:43
The bank cut his compensation 10% from the previous year.
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Salesforce And Walmart Are Teaming Up To Provide Last-Mile Delivery Services Salesforce and Walmart are teaming up to help businesses ship products more efficiently. Here are the details and how it impacts the retail landscape.
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Delta Airlines CEO Calls On Congress To Fund Air Traffic Control Updates To A 30-Year-Old System After a NOTAM system outage grounded thousands of flights, the CEO of Delta Air Lines called for more funding from the FAA.
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Ally Is Racing to Outrun Auto-Loan Losses

Wall Street Journal - 20 Jan 2023 21:29
Though net charge-offs are expected to jump this year, Ally Financial could also see a rise in loan yields to help it keep pace.
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Recession And Debt Ceiling Fears Loom Large For Investors From a recession to the debt ceiling, investor worries are on the rise. But according to Commonwealth CIO Brad McMillan, there's no need to panic.
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Alphabet's Massive Layoffs Fuel $50 Billion Market Rally--And Analysts Expect More Job Cuts Will Boost Tech Stocks After Silicon Valley's years-long spending spree, tech firms are starting to cut back, and investors are rallying around the grim news.
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Housing's Big Hurdle Is Affordability

Wall Street Journal - 20 Jan 2023 19:32
Home prices and mortgage rates have come down, but not enough.
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Federal Reserve Probes Goldman Consumer Business

Wall Street Journal - 20 Jan 2023 18:32
The regulator has concerns that the bank didn't have proper monitoring and control systems inside the business, known as Marcus, especially as it grew larger.
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Tesla's Price Cuts Are Good for Lithium

Wall Street Journal - 20 Jan 2023 18:30
To follow the money in one of today's hottest commodity markets, investors should look at company results rather than headline prices.
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This Aerospace & Electronics Company Is A Better Pick Over Textron Stock Looking at stock returns, Heico, with a 9% rise in the last twelve months, has outperformed Textron, down 10%, and the broader S&P500 index, down 13%.
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Meet India's longest-standing financial advisors

livemint.com - 20 Jan 2023 17:44
Meet India's longest-standing financial advisors This list of RIAs is meant to serve as a good starting point in your hunt for a suitable financial advisor
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Chinese 'Revenge Spending' Might Not Hit U.S. Levels

Wall Street Journal - 20 Jan 2023 17:28
Built-up savings will substantially boost China's growth in 2023, but the nation might not fully replicate the U.S.'s postpandemic consumer boom.
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What's Next After A 17% Fall In Best Buy's Stock? After a 17% decline over the last year, at the current price of around $83 per share, we believe Best Buy's stock (NYSE: BBY), an electronics specialty retailer - is fairly priced.
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In 16.5% jump, EPFO adds 16.26 lakh subscribers in November 2022 The data also highlights that approximately 11.21 lakh members re-joined EPFO membership.
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These Charts Show How The Real Estate Boom Turned Into A Bust The red-hot real estate market of just over a year ago has become a victim of its own success. Escalating home prices and soaring mortgage rates turned homes unaffordable while builders face growing inventories and plumm...
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Stocks Waver After Economy Concerns Drive Selloff

Wall Street Journal - 20 Jan 2023 16:47
Stocks were mixed Friday after corporate earnings and economic data fueled investors' worries and drove markets lower in recent days.
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2023 Tech Layoffs Roundup - The Cuts So Far

Forbes - 20 Jan 2023 16:39
2023 Tech Layoffs Roundup - The Cuts So Far Other than November 2022, which saw 52,135 workers downsized, that's by far the largest monthly figure we've seen since the beginning of Q3 2020.
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What Is The Meaning Of A Stock Split?

Forbes - 20 Jan 2023 16:30
What Is The Meaning Of A Stock Split? Stock splits divide shares in a company into multiple shares, lowering the price and increasing liquidity. Here's what you need to know.
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Netflix Beats As Earnings Season Gets Ready To Heat Up The drop in equity prices has sent the Dow into negative territory on the year, though the S&P 500 and Nasdaq remain in positive territory.
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