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Market News

Location American Market News for 16 April 2023

WeightWatchers Gets a Makeover With Obesity-Drug Business

Wall Street Journal - 16 Apr 2023 16:00
The decision to get into the obesity-medication business for drugs such as Ozempic makes sense as it tries to turn a declining business around.
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It's time to revisit some issues in the securities market Retail investors must avoid companies that see a high level of promoter share pledges
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5 Underloved Gas Plays Yielding Up To 11.8%

Forbes - 16 Apr 2023 13:30
5 Underloved Gas Plays Yielding Up To 11.8% We contrarians, we're not ashamed to admit, make our big money dumpster diving for discarded dividends.
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How are bond investments reported in ITR?

livemint.com - 16 Apr 2023 19:43
How are bond investments reported in ITR? An individual sold a flat and invested the taxable portion after indexation in REC bonds. LTCG must be reported in Schedule CG and any deduction claimed under Section 54EC in Part-D, serial no. 1 of Form ITR 2. TDS must ...
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Fed Pause Wouldn't Necessarily Refresh Stock Market

Wall Street Journal - 16 Apr 2023 11:30
Faltering earnings growth and high valuations are factors that could undercut stocks' tendency to rise after rates peak.
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Merck in Late-Stage Talks to Acquire Prometheus Biosciences

Wall Street Journal - 16 Apr 2023 06:09
Merck & Co. is in late-stage talks to acquire Prometheus Biosciences Inc., according to people familiar with the matter, a move that could give the big drugmaker promising immune disease treatments.
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The math behind the right-sized loan

livemint.com - 16 Apr 2023 19:32
The math behind the right-sized loan Banks may be willing to give you a bigger home loan. But there's a catch.The home loan amount that one can get from any lender goes down as interest rates go up. The vice versa is also true in this case
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The second such transfer comes amid high oil prices and as the kingdom seeks to diversify its economy away from oil.
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SEC Targets Bittrex, Fallen Giant of U.S. Crypto Exchanges

Wall Street Journal - 16 Apr 2023 13:00
Bittrex, once ranked as the country's biggest platform for trading digital assets, is leaving the U.S.
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Why Rajeev Thakkar's current strategy favours large-cap stocks The chief investment officer of PPFAS MF says mid- and small-caps are not yet at attractive valuation levels.His allocation to equity has gone up from 82% to 84%, and a large chunk of this is in PPFAS Mutual Fund
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A Last-Minute Tax Guide for Procrastinators

Wall Street Journal - 16 Apr 2023 11:30
Here are tips on how to navigate filing your return or requesting an extension by the April 18 deadline.
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March Inflation: In Like A Lion; Out Like A Lamb As the Recession unfolds and deflation becomes the order of the day, the Fed will respond like all past Fed's have. A move up in rates of +25 basis points in May, if that comes to pass, will be the last of this rate hiki...
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