Market News
UBS Attracts Wealthy Clients to Help Lift Profit
Wall Street Journal - 31 Jan 2023 17:13
Switzerland's largest bank by assets attracted new customer money in the quarter, while a rival was weakened.
Mastercard Exceeded Earnings Expectations, But Will Consumer Spending Remain Resilient?
Forbes - 31 Jan 2023 19:25
Mastercard's executives are excited about 2023, but the company's investors aren't. Here's the view from both sides of the boardroom.
How a Tiny Bank in a Washington Farming Town Got Tangled Up With FTX
Wall Street Journal - 31 Jan 2023 17:22
FTX executives discussed using Moonstone bank to offer interest-bearing crypto accounts.
Amazon Stock To Edge Past The Consensus In Q4
Forbes - 31 Jan 2023 13:00
While the revenues increased in all the categories, the online store segment witnessed a drop in growth rate as compared to the 2021 levels.
What Is Supercore Inflation?
Wall Street Journal - 31 Jan 2023 22:05
It's the Fed's new favorite inflation gauge, so what exactly is it and why is it important?
GM Drains the Dregs of the Pandemic Boom
Wall Street Journal - 31 Jan 2023 19:51
General Motors' annual results show a business on the cusp of radical change and uncertainty.
A $100 Billion Question: Will Exxon or Chevron Go Shopping in Europe?
Wall Street Journal - 31 Jan 2023 19:46
Major European oil companies' widening discounts to the two U.S. companies should prompt cross-border M&A talks.
Amazon Introduces RxPass To Offer $5 Prescription Medication Delivery Services
Forbes - 31 Jan 2023 19:32
Amazon recently announced RxPass, a low-cost prescription medication delivery service for Prime members. Here are the important details you should know.
TikTok CEO Gears Up For Congressional Hearing
Forbes - 31 Jan 2023 19:20
TikTok CEO Shou Zi Chew will testify before Congress on March 2023 regarding the viral app's data security measures. Here's what tech investors should be thinking about.
How do I claim gratuity from an ex-employer?
livemint.com - 31 Jan 2023 18:43
Litigating against ex-employer necessarily may not have an adverse impact if a genuine claim / case has been filed by the employee for enforcing his / her legal right and a disclosure to that effect has been made to the ...
How Section 80C of IT Act has fallen out of sync with inflation
livemint.com - 31 Jan 2023 18:39
The CII saw an increase of 105% between 2005 and 2014 whereas the 80C limit was increased by a mere 50%.
For Markets, Good News Is Good News Again
Wall Street Journal - 31 Jan 2023 18:33
In recent weeks investors have begun moving away from their obsession with inflation, shifting markets into a new regime where good news on the economy is again good news for stocks.
Pfizer Bids Adieu to Covid Boom Years
Wall Street Journal - 31 Jan 2023 18:33
The drug company's financial bonanza from Covid-19 is fading, putting pressure on management to deliver new avenues of growth.
Black Swan Manager Preps for Financial 'Time Bomb'
Wall Street Journal - 31 Jan 2023 17:25
After an epic 15-year run, hedge fund Universa's Mark Spitznagel says the financial system is poised for a crisis--eventually.
Budget 2023: 'Expect clarity on some taxes related to capital gains'
livemint.com - 31 Jan 2023 17:06
It is expected that Budget 2023 will bring in a necessary amendment in the explanation to section 55(2)(ac) by expanding the definition of 'FMV'
Spotify shares pop after earnings show strong user growth
CNBC - 31 Jan 2023 16:57
Spotify reported fourth-quarter earnings. The company reported 205 million paid subscribers, up 14% from a year ago.
Pfizer Expects Covid Vaccine And Pill Revenues Will Fall 60% In 2023
Forbes - 31 Jan 2023 16:44
Shares of the pharmaceutical giant fell Tuesday as investors respond to lower projected sales for Pfizer's core products combatting Covid-19.
More People Bank With Companies That Hold Their 401(K)s
Wall Street Journal - 31 Jan 2023 16:00
Many brokerages now offer the same features as a standard checking account, but pay substantially higher interest.
Up 40% Over The Past Month, Paramount Stock Unlikely To Rally Further In The Near Term
Forbes - 31 Jan 2023 16:00
Paramount Global stock (NASDAQ: PARA) has rallied by close to 40% over the past month, considerably outperforming the S&P 500.
Pfizer expects 2023 sales to decline by as much as 33% compared with record-breaking 2022
CNBC - 31 Jan 2023 15:02
The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
Tesla's Stock Price Is Up 20 Percent. Is Elon Musk To Thank?
Forbes - 31 Jan 2023 15:00
A strong Q4 performance gave Tesla its most profitable year on record, with 1.8m Tesla units in 2023 predicted to be in production
Here's What To Expect From Merck's Q4
Forbes - 31 Jan 2023 15:00
We expect MRK stock to trade sideways, with its revenue likely falling slightly below and earnings marginally above the street estimates.