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Market News

Location American Market News for 2 February 2023

Why New Retirees Might Want to Travel Right Away

Wall Street Journal - 2 Feb 2023 17:00
We traveled immediately after retiring. Our adventure gave us some much-needed breathing room.
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In China, Starbucks' second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
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Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019.
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Penn's sportsbook profit came in spite of a $10 million bet "Mattress Mack" won on the Houston Astros winning the World Series.
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Tether Ownership and Company Weaknesses Revealed in Documents

Wall Street Journal - 2 Feb 2023 20:42
A group of four men has controlled 86% of Tether Holdings, a company that operates a stablecoin at the heart of crypto's alternative financial universe.
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Artificial Intelligence's New Role In Medicine, Finance And Other Industries - How Computer Learning Is Changing Every Corner Of The Market Artificial intelligence is impacting medicine, finance and many other industries. Here's what you need to know about AI and how it may affect your life.
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The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.
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Top Green Company Stocks For 2023: Companies Committed To Supplying And Using Green Energy This could be a great time to start investing in environmentally-friendly businesses if you haven't already done so. Here are the best companies to check out.
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Workforce Faces Uncertainty

Forbes - 2 Feb 2023 19:42
Workforce Faces Uncertainty As a board member, I recommend everyone take the time to learn from the wisdom of their friends and colleagues. Many people in your life have likely experienced several recessionary cycles and have a lot of pattern recog...
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The Pros And Cons Of High-Yield Savings Accounts And How They Compare To Investing Saving and investing are integral parts of building wealth. Both have benefits and drawbacks that can make deciding between the two difficult.
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How Does A Recession Affect The Average Person? We haven't officially entered a recession in 2023 - but experts predict a 70% chance of one hitting before years' end.
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Capital gains tax is likely to increase for high net-worth individuals A new section 50AA of the Act is proposed to be inserted for the taxation of MLDs
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How to save for short-term goals and retirement simultaneously? Allocate the savings that you generate post home purchase, towards a combination of passive and diversified equity mutual funds, both domestic and international, to help achieve the corpus for the retirement and other go...
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Home loan interest benefit can only be taken once now Budget 2023 has finally plugged a loophole that was exploited by homebuyers, particularly those who had availed of home loans
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Analysts will be watching to see if Amazon CEO Andy Jassy has made progress on reeling in expenses after the company announced 18,000 layoffs.
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Media 2023: Podcasting After The Hype, By The Numbers The U.S. podcasting market, unlike most media, has settled into terra firma, where the audience data is remarkably consistent, following a decade of hype and growth. So what do the numbers tell us today? And where will t...
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Google's core business is mired in a period of slow growth as businesses reel in ad spending.
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Why Obesity-Drug Makers Just Lost Weight

Wall Street Journal - 2 Feb 2023 18:50
Novo Nordisk and Eli Lilly are both working to ramp up capacity and insurance coverage for anti-obesity drugs.
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Adani Group's Moment of Truth

Wall Street Journal - 2 Feb 2023 18:46
The conglomerate's highly leveraged empire has become more dependent on foreign-currency debt in recent years. Now that largess is drying up.
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New income tax slabs, a good news for home loan EMIs? The revised new income tax regime was the showstopper for this budget..FM proposed changing the tax structure in the new regime by reducing the number of slabs to five and increasing the tax exemption limit to ₹3 lakh.
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Earnings Preview: What To Expect From Amazon Today Amazon Inc. is scheduled to report earnings after today's close. Here's a closer look.
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Earnings Preview: What To Expect From Google's Parent Alphabet Today Alphabet Inc. is scheduled to report earnings after today's close. Here's a closer look.
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