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Market News

Location American Market News for 3 May 2023
Its Alzheimer's treatment results might look better than Biogen's, but both companies will likely benefit.
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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.
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Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
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Earnings Preview: What To Expect From Hyatt on Thursday Hyatt is scheduled to report earnings before Thursday's open. Here's a closer look.
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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.
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Buy The Dip On This Giant Tech Stock

Forbes - 3 May 2023 22:00
Buy The Dip On This Giant Tech Stock 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...
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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.
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How do I manage my credit card debt?

livemint.com - 3 May 2023 20:30
How do I manage my credit card debt? Financial hardships during Covid-19 lockdown increased credit card debt. Advice is sought on reducing associated expenses and avoiding common pitfalls.
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Finfluencers: A Safety manual for investors

livemint.com - 3 May 2023 20:29
Finfluencers: A Safety manual for investors The scam of finfluencers is growing like a forest that has caught fire
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Mortgage Rates Are Probably Going Up Again

Forbes - 3 May 2023 20:07
Mortgage Rates Are Probably Going Up Again The Fed just raised interest rates again. That'll probably push mortgage rates up again.
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The Effect Of Fed Policy Decisions On Mortgage Rates: What Home Buyers Need To Know The Federal Reserve's interest rate policy decisions affect mortgage rates for everybody thinking about becoming a homeowner.
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Fed Raises Rates Another 25 Basis Points--Signals Pause May Come If Greater 'Risks Emerge' "The Fed still has clear inflationary pressures to battle against," warns one economist.
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Shares tracking to drop most on record as cosmetics company cuts its outlook.
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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.
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CVS lowered its earnings outlook due to costs associated with recent acquisitions.
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How Asia Stacks Up On ESG

Forbes - 3 May 2023 16:58
How Asia Stacks Up On ESG Showing progress against ESG objectives is important because it matters to many of their customers and shareholders.
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Mutual fund calculator: Monthly SIP required to accumulate a corpus of ₹50 Cr in 20 years Holding units for as long as you can to take advantage of compounding and create enormous wealth is another important aspect of mutual funds.
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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.
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Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations.
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The Fed And Regional Banks

Forbes - 3 May 2023 16:17
The Fed And Regional Banks On Monday, I made the comment that I felt the Fed had largely contained the banking crisis.
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Banking Sector Faces Tough Times As Morgan Stanley Becomes Latest To Announce Mass Layoffs 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.
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Commissioners are set to vote on a final rule that would increase disclosure requirements.
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