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Market News

Location American Market News for 22 March 2023

Stock Futures Waver Ahead of Fed Decision

Wall Street Journal - 22 Mar 2023 14:55
U.S. stock futures flicked between small gains and losses, while global markets rose, ahead of a closely watched interest-rate decision from the Federal Reserve.
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Will The Silicon Valley Bank Fallout Collapse The Housing Market? Some are drawing parallels to the 2008 financial crisis and concerns over whether a housing market collapse is possible
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U.S. regulators clawed back money that actress Lindsay Lohan and boxer Jake Paul earned by promoting cryptocurrencies.
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Fed Raises Target Range For Benchmark Rate To Highest Since 2007 Federal Reserve officials opted to provide their latest rate hike, this time for 25 basis points. Further, the central bank issued its FOMC statement and Fed Chair Jerome Powell held a press conference.
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Crisis threatened an economic model and national identity built on safeguarding the world's wealth.
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Bank Stocks Slump

Wall Street Journal - 22 Mar 2023 20:58
Financial stocks were mostly lower after a Federal Reserve decision that signaled the central bank is moving ahead with rate increases amid concern that bank collapses could trouble the economy.
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Fed Hikes Interest Rates Another 25 Basis Points--But Suggests End Is Near Interest rates are at their highest level since 2007, just before that decade's financial crisis.
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Can a ₹5 lakh medical insurance cover take care of your needs? A ₹5 lakh policy is a good option, particularly if you are young. For most people though, a top-up plan is ideal
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What is the tax liability for share transfers?

livemint.com - 22 Mar 2023 19:41
What is the tax liability for share transfers? The question of capital gains would come when you have any realized gain or loss. In the case of listed equity shares, the short term capital gain is applicable up to one year and the long term capital gain after one yea...
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Fed 86% Likely To Hike Benchmark Rate 25 Basis Today, Says FedWatch Tool FOMC officials will most likely provide a modest 25 basis point increase in the benchmark rate when they announce their decision this afternoon, according to figures recently pulled from the CME FedWatch Tool.
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Nvidia Is Winning AI Race, But Can't Afford to Trip

Wall Street Journal - 22 Mar 2023 19:25
The chip maker's stock is near record valuation as it extends its lead even further with generative AI developments.
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Income tax dept launches mobile app 'AIS for Taxpayer' The app has been developed aiming at providing a comprehensive view of the AIS/TIS to the taxpayer, displaying the information collected from various sources pertaining to the taxpayer
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Are you aware of these 7 hidden charges on your student loan? A checklist! Explaining in detail, Ankit Mehra CEO and Co-founder of GyanDhan said, the cost to finance higher education piles up faster than you can comprehend. Scholarships, personal funds, and education loans help mitigate the req...
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The Bank Mess Is Hiding Safe (And Cheap!) 6.6%+ Payouts I'll name two unloved (for now!) dividends we'll target.
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Speed up your education loan repayment: 5 steps to pay off ₹30 lakh faster This fiscal year, the interest rate on education loans has spiked due to RBI opting rate hike cycle to tackle inflationary pressure. The policy rate hikes have led to a substantial increase in the cost of funds at banks ...
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How to make retirement planning using the 30:30:30:10 rule? Retirement preparation is the method of becoming ready for financial stability and independence in old age.
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India's EV Dreams Face a Reality Check

Wall Street Journal - 22 Mar 2023 15:28
EVs are starting to take off in the world's second most populous country. But forcing manufacturers to use local components could backfire.
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Don't Fight The Fed

Forbes - 22 Mar 2023 15:20
Don't Fight The Fed It's been a very quiet couple days for stocks as investors await today's Fed decision.
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Eli Lilly Is Priced for Perfection in the Obesity Market

Wall Street Journal - 22 Mar 2023 15:00
The company has outperformed its pharma peers in recent years, but its valuation leaves little room for error.
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Is it a good time to opt for a home loan balance transfer amid the prevailing rate cycle? Balance transfer home loans can be a good option if you are looking to save money on interest payments.
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What Led To A 24% Fall In Alaska Air Stock Since 2020? Looking at a slightly longer term, ALK stock is down 24% from levels seen in late 2020, compared to a 5% rise in the broader S&P500 index.
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In Green Hydrogen Race With the U.S., Europe Is Hobbled

Wall Street Journal - 22 Mar 2023 13:57
Even if the European Union can match the scale and clarity of Washington's subsidies for green technologies, the region's higher energy prices are a problem.
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