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Market News

Location American Market News for 3 April 2023

Oil Prices Jump as Saudi-Led Group Plans Output Cuts

Wall Street Journal - 3 Apr 2023 18:55
A potential U.S. recession and demand from China will help determine whether crude pushes even higher.
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Activision Deal Enters Bonus Round Phase

Wall Street Journal - 3 Apr 2023 13:00
Microsoft's acquisition looks more likely, while the Blizzard unit's new "Diablo" game shapes up to be a surprise hit.
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Cineworld Shares Sink As It Plots $2.3bn Restructuring Following Asset Sale Failure Cineworld's share price has slumped by more than a quarter on Monday.
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Finance Act 2023: How your income from Reits and InvITs will be taxed 'Loan repayment' distribution component from these trusts will not be treated as 'income from other sources'
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Klaviyo Hires Bankers, Plans for Late 2023 IPO

Wall Street Journal - 3 Apr 2023 20:11
The marketing-automation platform has tapped Goldman to be lead underwriter for the listing, which could take place as early as September.
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Does travel insurance cover covid-19 cases?

livemint.com - 3 Apr 2023 19:59
Does travel insurance cover covid-19 cases? Check your travel insurance policy's terms and conditions to see if it covers COVID-19 related expenses. Some insurers have updated their policies to cover medical treatment, quarantine expenses, and trip cancellation or...
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How much money can parents send to kids Abroad?

livemint.com - 3 Apr 2023 19:56
How much money can parents send to kids Abroad? According to the govt, there was a 68% rise in students going abroad in 2022
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Time Could Be Running Out To Buy Gold At These Prices If you're underexposed or have no exposure, time could be running out to get in at these prices.
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Latest U.S. Inflation Report Hints Fed's Approach Approach Is Working - But Slowly The jobs market is still strong and Silicon Valley Bank's bank run hasn't affected the data - yet.
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OPEC+ Oil Market Move Less Surprising Than It Seems

Wall Street Journal - 3 Apr 2023 16:38
The latest output cut took the markets by surprise, but conditions might have justified it.
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As wallets get thinner, here's what financial advisers say you shouldn't leave home without.
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Dow Industrials Inch Up as Oil Prices Jump

Wall Street Journal - 3 Apr 2023 15:36
Major stock indexes were mixed, while oil prices jumped after a group of oil producers led by Saudi Arabia announced a surprise production cut.
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Money Can Break a Marriage, Even Getting More of It

livemint.com - 3 Apr 2023 15:18
Money Can Break a Marriage, Even Getting More of It Gaining or losing money tests shared values, beliefs or assigned roles within the relationship
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Surprise Cut In Oil Output Sends Crude Prices Higher This week is filled with various employment reports, with the grandaddy of them all, the Employment Situation, due out Friday.
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Will Bank Problems Sink the Economy?

Forbes - 3 Apr 2023 14:01
Will Bank Problems Sink the Economy? As the shock over runs on Silicon Valley Bank (SVB), Signature Bank and Republic Bank sinks in, investors are now focusing on whether problems with regional banks will tip the economy into recession.
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Investors Are Too Spooked by Washington's PBM Crackdown

Wall Street Journal - 3 Apr 2023 14:00
Efforts to take on Cigna's and CVS's pharmacy benefit managers won't hurt as much as Wall Street expects.
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Why Has Home Depot's Stock Fallen 10% Since The Beginning Of The Year? After a 10% decline year-to-date, at the current price of around $285 per share, we believe Home Depot stock (NYSE: HD), the world's largest home improvement retailer, could rise modestly in the long term.
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Micron Gets Caught in U.S.-China Crossfire

Wall Street Journal - 3 Apr 2023 13:34
China's investigation into the computer-memory maker has sparked fears that Beijing is finally striking back at U.S. chip companies.
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Should You Buy Altria Stock At $44?

Forbes - 3 Apr 2023 13:00
Should You Buy Altria Stock At $44? This can be attributed to 1 the company's P/S ratio, which fell 14% to 3.2x trailing revenues from 3.7x in 2019, 2 no change in Altria's revenue of $25.1 billion, partly offset by 3 its average shares outstanding falling...
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Extra Space Storage to Combine With Life Storage

Wall Street Journal - 3 Apr 2023 12:46
The $12.7 billion deal would create the largest storage-facility operator in the U.S. by number of locations.
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Dow Stocks To Trade In April

Forbes - 3 Apr 2023 12:00
Dow Stocks To Trade In April Here are the DJIA stocks to buy and to sell short.
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What's New With XPeng Stock?

Forbes - 3 Apr 2023 12:00
What's New With XPeng Stock? Now Xpeng's Q4 2022 results, which were published earlier this month, fell short of estimates.
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