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Market News

Location American Market News for 18 May 2023

As Oil Giants Retreat Globally, Smaller Players Rush In

Wall Street Journal - 18 May 2023 08:00
Energy companies such as BP, TotalEnergies and Chevron are shifting to cleaner projects, creating an opening for independent and private companies to buy up their operations or push ahead with exploration.
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A Simple Way to Get People to Donate More to a Charity

Wall Street Journal - 18 May 2023 17:45
A new study says that just by offering people suggested amounts, they are more likely to give.
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Buy The Dip On The FTC's Latest Victim

Forbes - 18 May 2023 16:28
Buy The Dip On The FTC's Latest Victim Shares of Horizon Therapeutics (HZNP) are fresh off their lowest level since November, after the Federal Trade Commission (FTC) yesterday said it will block the acquis...
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Citigroup Stock Is Trading Below Its Intrinsic Value Citigroup's stock (NYSE: C) has lost 1% YTD, as compared to the 7% rise in the S&P500 over the same period.
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20% tax on credit card spend during overseas travel

livemint.com - 18 May 2023 20:22
20% tax on credit card spend during overseas travel The credit card issuer will collect the tax when the bill is settled in rupees and can be adjusted against the cardholder's tax liability when paying taxes
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How To Find The Best Style Mutual Funds 2Q23 With an ever-growing list of similar-sounding mutual funds to choose from, finding the best is an increasingly difficult task.
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Lazard CEO Ken Jacobs Prepares to Step Down

Wall Street Journal - 18 May 2023 22:48
Advisory-unit chief Peter Orszag is expected to be the new head of the deal-advisory, asset-management firm.
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Stocks rose Thursday after House Speaker Kevin McCarthy told reporters that the House of Representatives could vote on a debt-ceiling deal as soon as next week.
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How much of your portfolio should be in international equities? Many Indian parents send their children abroad for higher studies
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Can asset leasing generate better returns for investors? Which investments generate hefty returns in a very short period of time? Fixed income options? No
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Your credit card bill can shoot up 20%: Here's how

livemint.com - 18 May 2023 18:29
Your credit card bill can shoot up 20%: Here's how Tax Collected at Source or TCS is similar to tax deducted at source in the sense that it is a tax deduction by a third party on your behalf
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Walmart says younger and better-off shoppers are turning to it in search of deals.
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Bankrupt Crypto Company Celsius Could Get New Life

Wall Street Journal - 18 May 2023 17:00
Apollo Global Management and senior executives at distressed-debt specialist Fortress Investment Group are each backing competing groups that aim to restart Celsius under new management.
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CyberArk Annual Recurring Revenue Up 42% As New CEO Takes Charge It's very rare for startup founders to remain CEO three years after taking their company public.
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Alibaba Shares Are a Bet on Spinoffs, Not Growth

Wall Street Journal - 18 May 2023 16:11
Renewed hopes that big spinoffs will soon unlock substantial value for shareholders will probably provide a lift to the company's stock in the near term.
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This 5.5% Dividend Stock Raises Its Payout Every Quarter It's one of the fastest dividend growers in the utility space.
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Bath and Body Works saw year-over-year declines in sales and profits in its fiscal first quarter but its stock surged after it raised its guidance for the year.
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Is FedEx Stock A Better E-Commerce Pick Over This Giant Online Retailer? We believe that Amazon stock (NASDAQ: AMZN) is a better pick than FedEx stock (NYSE: FDX), given its better prospects.
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Filing an Amended 2022 Tax Return? Here's What to Know

Wall Street Journal - 18 May 2023 15:00
For one thing, expect more delays than in the past if you're seeking a refund.
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Burberry's Makeover Is Long and Slow

Wall Street Journal - 18 May 2023 14:31
Reviving a fashion label that has lost its mojo doesn't happen overnight. But half a decade in, the results of Burberry's revamp are only middling.
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The discounter's report comes after Home Depot and Target reported weaker sales trends.
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Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan's quarterly revenues missed expectations.
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