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Market News

Location American Market News for 16 May 2023
What should be done if relatives question our rights on property? A UK-based NRI's relatives in India are questioning the authenticity of his father's will and ownership of property. He must obtain confirmation of the will's probate from a UK court, then use an authenticated copy of th...
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Goldman Sachs Stock Is Undervalued At The Current Levels Goldman Sachs' stock (NYSE: GS) has lost approximately 7% YTD as compared to the 7% rise in the S&P500 index over the same period.
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What To Expect As Cisco Publishes Q3 Earnings? We expect revenue for the quarter to come in at about $14.45 billion, coming in slightly ahead of estimates and rising by about 12% versus last year.
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Stocks Slip, Growth Shares Shrug Off Index Losses

Wall Street Journal - 16 May 2023 22:36
Shares of companies in most industries traded lower with debt-ceiling negotiations remaining at a standstill.
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The IRS announced the largest ever increase to the amount Americans can set aside in HSAs each year.
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Consumer Credit Rises Despite Higher Interest Rates, Keeping A Recession At Bay The Federal Reserve has been raising its short-term interest rate to reduce inflation. Meanwhile, consumers continue to borrow. Will a recession ensue? Will the Fed continue to raise rates?
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Big Victory For The Fed? Soft Landing Looking More Likely, Recession More Remote New data keeps showing a remarkably resilient U.S. economy. First-quarter economic growth, though not strong, was entirely consistent with achieving a "soft landing."
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Why do we need more awareness about SEBI-registered investment advisers? Despite Sebi's introduction of Registered Investment Adviser (RIA) regulations in 2013, there is still a lack of awareness about the benefits of RIAs, limiting the growth of the profession. RIAs offer unbiased investment...
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Costco Wholesale Reports After The Close On 5/25 -- Options Contracts Expire The Next Day According to NextEarningsDate.com, the Costco Wholesale (COST next earnings date) is projected to be 5/25 after the close, with earnings estimates of $3.30/share on $54.62 Billion of revenue.
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Cloud Gaming Could Help Microsoft Win $69 Billion Activision Buy Microsoft's deal to buy the video game maker has revealed fractures among regulators. Cloud gaming helped Microsoft win the 27-nation EU's approval.
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Not Just Soros: These Billionaires And Firms Sold Tesla Stock As Prices Surged Last Quarter Tesla stock skyrocketed nearly 70% last quarter.
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More People Are Behind on Credit Card, Auto Payments

Wall Street Journal - 16 May 2023 18:03
More Americans are having a harder time keeping up with their car, credit-card and mortgage payments compared with a year earlier.
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Moldova's Promise Of Pro-Market, Pro-Europe Reforms Still Lackluster Moldova is making the rounds as the latest possible Russia target post-Ukraine. The country has enough problems as it is.
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FTC's Amgen Activism Will Spare These Biotechs

Wall Street Journal - 16 May 2023 17:47
Federal Trade Commission action to block Amgen-Horizon deal threatens the thesis driving biotech stocks higher.
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Home Improvement Goes on Hiatus

Wall Street Journal - 16 May 2023 17:43
Home Depot said sales fell below expectations as demand for big-ticket, discretionary items was weak.
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How Car Sales Could Keep the Economy Humming

Wall Street Journal - 16 May 2023 17:15
Retail sales rose in April from a month earlier after slipping in March, according to new Commerce Department data.
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A renewable-diesel boom is helping the state beat greenhouse-gas-reduction goals but is stifling other green-fuel investments.
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Warren Buffett Likes Japanese Stocks--Maybe You Should Too Investor-friendly changes at Japanese companies will boost returns
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Warren Buffett Likes Japanese Stocks---Maybe You Should, Too

Wall Street Journal - 16 May 2023 16:03
Investor-friendly changes at Japanese companies will boost returns.
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How To Find The Best Style ETFs 2Q23

Forbes - 16 May 2023 15:26
How To Find The Best Style ETFs 2Q23 With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task. My report shows the top-rated ETF for each style.
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ChatGPT Founder Sam Altman Is Testifying Before Congress Today - Here's What You Need To Know CEO of OpenAI, Sam Altman, is testifying before Congress to decide the first steps in AI regulation
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Venture-Fund Returns Suffer Amid Lower Startup Values

Wall Street Journal - 16 May 2023 15:00
The languishing performance of venture-capital funds is denting results for university endowments, pensions and other investors that increased their tech exposure during the bull market.
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