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Market News

Location American Market News for 9 March 2023
The bigger take is bankrolling infrastructure and social services, but mining companies say the squeeze could dent investment and jobs.
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JPMorgan Sues Former Executive Jes Staley Over Epstein Ties

Wall Street Journal - 9 Mar 2023 01:51
The bank sued the former executive over his relationship with Jeffrey Epstein, revealing that Mr. Staley has been accused of sexual assault.
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Bond Losses Push Silicon Valley Bank Parent to Raise Capital

Wall Street Journal - 9 Mar 2023 18:28
SVB Financial Group said it had sold large portions of its securities portfolio and would raise fresh capital, highlighting a broader problem for U.S. lenders who have seen rising interest rates hammer the values of thei...
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State Taxes on Remote Work

Wall Street Journal - 9 Mar 2023 23:37
People who work remotely may need to file in, and perhaps pay taxes to, more than one state.
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Dow Plunges Over 500 Points As Bank Stocks Collapse "The stakes are so high," says one economist of the sudden bank-spurred plunge ahead of a key jobs report.
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Ulta sales have benefited from the overall resilience of the beauty category as shoppers budget for affordable luxuries like makeup and wellness products.
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Why Did Stocks Drop On Tuesday And What's Moving Markets This Week? There's a major tug of war going on in the U.S. economy right now.
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Ten Things To Do If You Are Laid Off

Forbes - 9 Mar 2023 20:44
Ten Things To Do If You Are Laid Off Being laid off can be a difficult experience, and trying to figure out what your next steps are can be overwhelming. However, with the proper knowledge and a plan of action, you can make this transition smoother.
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Can I buy a term insurance plan without details of past illnesses? It's likely that the insurer will require you to undergo a medical examination. If the current insurer still declines your application, you can withdraw it and apply with a different insurer.
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The 'tax-free' insurance pitch has several holes

livemint.com - 9 Mar 2023 20:03
The 'tax-free' insurance pitch has several holes Investment products such as target maturity funds or TMFs (a type of mutual fund) are a good alternative to guaranteed income plans from insurers.
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Tips to save money on hotel bookings this holiday season Take advantage of loyalty programmes, credit card reward points to save on hotel tariffs
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The Best Bonds To Invest In 2023

Forbes - 9 Mar 2023 17:39
The Best Bonds To Invest In 2023 Riding with the Bond God for 92 cents on the dollar is a sweet deal.
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FY23 to end soon: How to plan your savings from next fiscal to buy first home Teena Gandhi, Vice President, Earnnest.me said, owning a home not only provides a safety net but also holds sentimental value. Buying the first home can be overwhelming as it requires a considerable amount of corpus, so ...
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Banks Should Be Careful About Crypto, Says Fed's Barr

Wall Street Journal - 9 Mar 2023 17:00
Regulators are investigating crypto assets and will issue more guidance to banks that want to invest in them, said Michael Barr, the Federal Reserve's vice chair for supervision.
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Markets Are Telling Investors Two Things at Once

Wall Street Journal - 9 Mar 2023 16:54
Treasurys appear to be anticipating recession, while stocks and corporate bonds aren't. How can such big markets be sending such different signals?
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Best Buy's Cash Flow Increases The Safety Of Its Dividend Yield Best Buy (BBY) is the featured stock in February's Safest Dividend Yields Model Portfolio.
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Where Is State Street Stock Headed?

Forbes - 9 Mar 2023 16:00
Where Is State Street Stock Headed? State Street's stock (NYSE: STT) has gained 12% YTD, as compared to the 4% rise in the S&P500 over the same period.
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NPS vs Mutual Funds vs Bank FDs: Where should women invest? Making investments as early as possible is what changes the game when it comes to ensuring long-term financial stability in the future.
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Sirius Stock Down 30% So Far In 2023, What's Next? Sirius stock had a rough start to 2023 and declined from $5.84 to $4.06 YTD, negatively impacted by headwinds in advertising and a delayed recovery in the auto sales industry.
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Inflation-Protection Funds Struggle to Perform as Advertised

Wall Street Journal - 9 Mar 2023 15:00
A number of exchange-traded funds market themselves as ports in the current inflationary storm. Not many actually appear to be havens.
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Gallagher Re acquires reinsurance broking operations of Wills Tower Watson India Following completion, the acquired team will join Gallagher's existing Indian reinsurance team
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Stock Futures Edge Down Ahead of More Labor-Market Data

Wall Street Journal - 9 Mar 2023 14:01
Bond yields rose and stock futures crept lower ahead of weekly jobless-claims data that will tee up Friday's monthly labor-market report.
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