Market News
Eli Lilly Results Signal Arrival of Blockbuster New Drug Class
Wall Street Journal - 3 May 2023 16:16
Its Alzheimer's treatment results might look better than Biogen's, but both companies will likely benefit.
J&J Prices Consumer Unit IPO at $22 a Share
Wall Street Journal - 3 May 2023 23:55
The listing of the Tylenol maker would be by far the biggest initial public offering so far this year.
Qualcomm gives light forecast, phone chip sales fall 17%
CNBC - 3 May 2023 23:45
Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
Earnings Preview: What To Expect From Hyatt on Thursday
Forbes - 3 May 2023 23:27
Hyatt is scheduled to report earnings before Thursday's open. Here's a closer look.
Stocks Fall After Powell Comments, Latest Fed Rate Hike
Wall Street Journal - 3 May 2023 22:12
U.S. stocks closed lower Wednesday after the Federal Reserve approved another interest-rate increase and signaled it could be done pushing rates higher for now.
Buy The Dip On This Giant Tech Stock
Forbes - 3 May 2023 22:00
Google-parent Alphabet (GOOGL) announced today it will allow users to create and use passkeys on their personal Google accounts. The stock has struggled on the charts of late, turning in six losses in the last seven sess...
Rate Hikes Can Wait
Wall Street Journal - 3 May 2023 21:34
Fresh signs of stress in the banking system and debt ceiling risks could make Wednesday's rate increase the last for a while.
How do I manage my credit card debt?
livemint.com - 3 May 2023 20:30
Financial hardships during Covid-19 lockdown increased credit card debt. Advice is sought on reducing associated expenses and avoiding common pitfalls.
Finfluencers: A Safety manual for investors
livemint.com - 3 May 2023 20:29
The scam of finfluencers is growing like a forest that has caught fire
Mortgage Rates Are Probably Going Up Again
Forbes - 3 May 2023 20:07
The Fed just raised interest rates again. That'll probably push mortgage rates up again.
The Effect Of Fed Policy Decisions On Mortgage Rates: What Home Buyers Need To Know
Forbes - 3 May 2023 20:06
The Federal Reserve's interest rate policy decisions affect mortgage rates for everybody thinking about becoming a homeowner.
Fed Raises Rates Another 25 Basis Points--Signals Pause May Come If Greater 'Risks Emerge'
Forbes - 3 May 2023 20:03
"The Fed still has clear inflationary pressures to battle against," warns one economist.
Estée Lauder Shares Plunge as Asian Travel Retail Faces 'Serious' Headwinds
Wall Street Journal - 3 May 2023 18:50
Shares tracking to drop most on record as cosmetics company cuts its outlook.
Treasury Yields Decline Ahead of Fed Decision
Wall Street Journal - 3 May 2023 18:18
Many investors believe the Fed has reached the end of its tightening campaign.
CVS beats on earnings and revenue but lowers profit outlook
CNBC - 3 May 2023 17:20
CVS lowered its earnings outlook due to costs associated with recent acquisitions.
How Asia Stacks Up On ESG
Forbes - 3 May 2023 16:58
Showing progress against ESG objectives is important because it matters to many of their customers and shareholders.
Mutual fund calculator: Monthly SIP required to accumulate a corpus of ₹50 Cr in 20 years
livemint.com - 3 May 2023 16:52
Holding units for as long as you can to take advantage of compounding and create enormous wealth is another important aspect of mutual funds.
CFTC Suspends Inspector General Over Alleged Misconduct
Wall Street Journal - 3 May 2023 16:41
The Commodity Futures Trading Commission voted to place A. Roy Lavik on nonduty status after a watchdog said he disclosed whistleblower identities and wasted government funds.
Yum Brands earnings miss estimates despite KFC and Pizza Hut's recovery in China
CNBC - 3 May 2023 16:35
Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations.
The Fed And Regional Banks
Forbes - 3 May 2023 16:17
On Monday, I made the comment that I felt the Fed had largely contained the banking crisis.
Banking Sector Faces Tough Times As Morgan Stanley Becomes Latest To Announce Mass Layoffs
Forbes - 3 May 2023 16:13
The bank joins peers like Bank of America, Citigroup and Goldman Sachs, all of which have announced layoffs thanks to a dismal forecast for corporate deals and IPOs this year.
SEC Plans to Demand More Information About Companies' Stock Buybacks
Wall Street Journal - 3 May 2023 16:00
Commissioners are set to vote on a final rule that would increase disclosure requirements.