Market News
Indian firms most downbeat among global peers on profitability outlook
livemint.com - 13 Mar 2023 08:53
Anecdotal evidence indicated that inflation concerns and competitive pressures were the main factors stymieing business confidence
Justice Department Probes Collapse of Do Kwon's TerraUSD Stablecoin
Wall Street Journal - 13 Mar 2023 23:31
FBI and New York officials have questioned former Terraform Labs team members.
United shares tumble after airline forecasts first-quarter loss
CNBC - 13 Mar 2023 23:20
United Airlines forecast a first-quarter loss, citing weaker demand early in the year and higher fuel costs.
Why index funds and ETFs are not very popular
livemint.com - 13 Mar 2023 19:46
Vivek KaulIndex mutual funds (MFs) and exchange traded funds (ETFs) are great products, at least theoretically
SVB Fallout Continues To Roil Markets
Forbes - 13 Mar 2023 14:57
While all eyes were focused on last Friday's jobs number, a bank collapse that seemingly came out of nowhere sent markets lower.
This Logistics Company Appears To Be A Better Pick Over Pfizer Stock
Forbes - 13 Mar 2023 13:00
We believe that FedEx stock (NYSE: FDX) is a better pick than the pharmaceutical giant Pfizer stock (NYSE: PFE), given its better prospects.
Federal Reserve Rolls Out Emergency Measures to Prevent Banking Crisis
Wall Street Journal - 13 Mar 2023 01:58
The Fed said it would make additional funding available to banks to ensure they have "the ability to meet the needs of all depositors."
GitLab loses one-third of its value after software company issues weak revenue forecast
CNBC - 13 Mar 2023 22:43
GitLab posted 58% revenue growth in the latest quarter, but its guidance for fiscal 2024 missed analysts' estimates.
U.S. Bank Collapses Add to Pressure on Global Central Banks
Wall Street Journal - 13 Mar 2023 21:02
Policymakers who had been raising rates now must factor in a new risk of financial instability.
How are NRIs taxed on rental income?
livemint.com - 13 Mar 2023 19:54
As per income tax rules on TDS, the deductor is obligated to deduct TDS and deposit the same with the government using the prescribed form and timelines.
Is cash trading in the stock market profitable for retail investors?
livemint.com - 13 Mar 2023 19:46
There is a possibility of making quick gains from short trades but investors face a greater risk of losing money
Pfizer Overpays for Seagen, but Who's Counting
Wall Street Journal - 13 Mar 2023 19:37
Acquiring top biotech assets as other big pharmaceutical companies face a patent cliff was bound to be expensive.
KPMG Faces Scrutiny for Audits of SVB and Signature Bank
Wall Street Journal - 13 Mar 2023 18:21
Audit firm blessed books of two banks weeks before failure
For Over 25 Years, I've Seen The Same Financial Mistakes Repeated
Forbes - 13 Mar 2023 17:56
There's a certain herd mentality in investing, and when times are uncertain, it doesn't take much to get the herd to stampede. That's what happened to Silicon Valley Bank (SVB), resulting in the second-largest bank failu...
Rout in Bank Stocks Deepens Despite Emergency Measures
Wall Street Journal - 13 Mar 2023 17:50
Regional bank stocks staged their deepest retreat in three years, reflecting deepening investor concern about the health of the industry.
Banking Crisis Powers Historic Bond Rally
Wall Street Journal - 13 Mar 2023 17:44
Turmoil in the banking sector sparked a furious rally in government bonds Monday, with yields on some shorter-term Treasurys collapsing half a percentage point in hours.
Fed's Magical Accounting Might Save Banks But Doom Rate Increases
Wall Street Journal - 13 Mar 2023 17:35
The collapse of Silicon Valley Bank and other lenders offers lessons on single-stock risk, the nature of risk and double-or-nothing bets.
SVB Bust Won't Go Big in Japan---Probably
Wall Street Journal - 13 Mar 2023 16:52
Japan's banks own a lot of foreign government bonds, but a diverse deposit base may help them muddle through.
Were Banks Just Bailed Out by the Government?
Wall Street Journal - 13 Mar 2023 15:38
After Silicon Valley Bank and Signature Bank have been closed, here are some questions and answers to explain what is happening now.
SVB Collapse Spurs Silicon Valley Firms to Call for Changing Financial Methods
Wall Street Journal - 13 Mar 2023 15:31
Startups and venture investors voice relief at federal decision to protect depositors, but see need for new banking practices.
No, It Isn't A 'Bailout' - And It Is Time To Afford Risk-Priced Insurance To ALL Bank Deposits IN FULL.
Forbes - 13 Mar 2023 14:37
The extension of insurance to Silicon Valley Bank and Signature Bank depositors this weekend isn't a 'taxpayer-funded bailout.' It is a rational extension of our deposit insurance system fully funded by risk-based premiu...
Pfizer Agrees to Buy Seagen for $43 Billion
Wall Street Journal - 13 Mar 2023 14:01
The New York drugmaker would pay $229 a share in cash for the biotech company and its pioneering cancer treatments.