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Market News

Location American Market News for 17 April 2023
Green Gold Rush: Investing In The Metals And Minerals Powering The EV And Solar Boom Last week, the Biden administration proposed aggressive new tailpipe emissions standards that, if enforced, would leave carmakers with no other choice than to produce electric vehicles (EVs) almost exclusively by 2032.
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Carrier Global Explores Strategic Alternatives For Its Fire And Safety Business Unit CARR, $44.30, Market Capitalization: $37.0 billion), a leading global provider of healthy, safe, sustainable, and intelligent building and cold chain solutions, announced that it is exploring strategic alternatives for i...
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EV Stocks: The Lowdown On The Market And How To Navigate It As An Investor We've laid out the industry's current position, what it's composed of and the headwinds it's facing that could scupper future gains.
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How well does the CII in income tax reflect actual inflation rates? For the benefit of taxpayers, capital gains from certain assets are adjusted for inflation using cost inflation index.
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Microsoft Could Inflate Google's Mobile Search Toll

Wall Street Journal - 17 Apr 2023 17:55
Google's search margins would face pressure if it now has to bid against Microsoft for default status on mobile devices from Samsung and Apple.
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State Street, Schwab See Deposits Drop

Wall Street Journal - 17 Apr 2023 19:47
Banks across the board are under pressure to pay depositors more as interest rates continue to rise.
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Apple Makes the iPhone a Home for Savings Accounts

Wall Street Journal - 17 Apr 2023 19:33
Apple Card credit-card holders can open an account with a 4.15% annual percentage yield.
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What are the benefits of using a credit card?

livemint.com - 17 Apr 2023 19:08
What are the benefits of using a credit card? A young earner can benefit from building a credit score and monetizing spends through credit cards, with rewards and cashback incentives, leading to monthly savings and better loan pricing in the future. However, timely ...
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Thrive in grey--is the market at the top or bottom?

livemint.com - 17 Apr 2023 19:04
Thrive in grey--is the market at the top or bottom? The job of markets is to make a monkey out of people who give perfect answers
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Stock Market Warning Signs Mount As State Street And Roblox Suffer Steep Losses After Earnings "More negative surprises lie ahead for investors," warns Morgan Stanley's chief strategist.
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Coal Is Too Hot to Handle---Maybe Even for Glencore

Wall Street Journal - 17 Apr 2023 16:29
The Swiss commodities giant has long argued that its thermal-coal assets worked better as part of a diversified miner. But its new bid for Teck Resources calls that contention into question.
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Google Stock Loses $57 Billion Amid Microsoft's AI 'Lead'--And Reports It Could Be Replaced By Bing On Some Smartphones Microsoft shares are up 21% since ChatGPT launched last November, far outpacing Alphabet's 10% gain.
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What's Next For Target Stock After A 32% Fall In The Last Year? TGT stock has declined from around $237 to nearly $163 in the last twelve months, compared to a 6% fall in the S&P index.
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They Can't Even: A Generation Avoids Facing Their Finances Pandemic whiplash and inflation make managing a budget a challenge for young people
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Earnings Season Picks Up Steam

Forbes - 17 Apr 2023 15:27
Earnings Season Picks Up Steam It was a quiet week for stocks with both the S&P 500 and Nasdaq Composite both up less than 1%.
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This New Poll Shows Why Bank Stocks Are Primed To Soar Let's talk about this banking "crisis" one more time...
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What's Happening With News Corp Stock?

Forbes - 17 Apr 2023 14:00
What's Happening With News Corp Stock? NWSA stock fell from around $21 to $18 over the last twelve months, underperforming the broader indices, with the S&P also falling about 6% over the same period.
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Here's What To Expect From CSX's Q1

Forbes - 17 Apr 2023 14:00
Here's What To Expect From CSX's Q1 We expect CSX to post revenue and earnings slightly above the street expectations, as the company should continue to benefit from better price realization.
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Demand for Obesity Drugs Has Insurers Paying Close Attention

Wall Street Journal - 17 Apr 2023 14:00
Strong sales of obesity-diabetes drugs known as GLP-1s could affect insurance companies' financial results.
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Verizon Named 'Top Dividend Stock Of The Dow' At Dividend Channel With 6.7% Yield For example, the recent VZ share price of $39.22 represents a price-to-book ratio of 1.8 and an annual dividend yield of 6.7% -- by comparison, the average dividend paying stock in the Dow yields 2.8% and trades at a pri...
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Margins In Focus As Tesla Reports Q1 Earnings Tesla is expected to publish its Q1 2023 earnings on April 19, reporting on a quarter that saw the company report a record number of deliveries.
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Berkshire Hathaway's Energy Idea Is a Bad Fit for Texas

Wall Street Journal - 17 Apr 2023 13:00
Proposed changes to the state's power market undermine its competitive, market-based design.
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