Market News
Debt-Ceiling Fight Sends Investors Hunting for New Havens
Wall Street Journal - 23 May 2023 11:30
Some traders are sheltering in debt from Microsoft and J&J.
Great Plains Drought Hits Hay Crops
Wall Street Journal - 23 May 2023 16:00
The market for hay is overshadowed by grains but can drive up food prices.
After 27% Revenue Pop, Why Dynatrace Could Keep Beating Expectations
Forbes - 23 May 2023 15:51
Dynatrace forecast expectations-beating growth because its products help companies cut costs and hold onto revenue. Are investors missing something?
Activist Investor Calls on Yelp to Explore Sale
Wall Street Journal - 23 May 2023 01:31
TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives.
Stocks Fall as Investors Watch Debt Ceiling Talks
Wall Street Journal - 23 May 2023 22:20
Stocks slipped as Wall Street followed last-minute talks to stave off a U.S. default that investors fear would disrupt repayment of Treasury debt and upend financial markets.
JPMorgan Says U.S. Virgin Islands Failed to Stop Epstein
Wall Street Journal - 23 May 2023 21:12
Bank alleges in new court filings that the U.S. territory's government took gifts and funds from the convicted sex offender.
Broadcom Reports After The Close On 6/1 -- Options Contracts Expire The Next Day
Forbes - 23 May 2023 20:30
According to NextEarningsDate.com, the Broadcom next earnings date is projected to be 6/1 after the close, with earnings estimates of $10.08/share on $8.70 Billion
Choice Hotels Seeks to Buy Wyndham Hotels & Resorts
Wall Street Journal - 23 May 2023 19:58
A deal would create one of the country's biggest budget hotel chains.
This Is Why The Stock Market Refuses To Go Down
Forbes - 23 May 2023 19:44
Market participants are confused: why are stocks close to their highest in a year, when there are so many obvious problems?
Understanding the nuances of the recent amendments in TCS provisions
livemint.com - 23 May 2023 18:59
The Union budget 2023 has increased the TCS rate on foreign remittances made under LRS from the existing 5% to 20%, w.e.f. 1 July.
How some credit card nerds score free flights worth ₹25L
livemint.com - 23 May 2023 18:56
In a world where overseas trips may remain an unaffordable dream, a group of credit card aficionados, are defying the odds
Zoom Has Some Big Sales Calls to Make
Wall Street Journal - 23 May 2023 18:33
Weaker outlook for Zoom's enterprise segment offsets signs that the consumer side has stabilized.
Will Abercrombie's Stock Trade Higher Following Q1 Results?
Forbes - 23 May 2023 18:15
Abercrombie & Fitch is scheduled to report its first-quarter results on May 24. We expect ANF stock to trade higher with revenues and earnings beating expectations.
Dusting Off the Debt-Ceiling Playbook
livemint.com - 23 May 2023 15:25
Even with the possibility of default, betting on Treasurys could pay off again
How To Avoid The Worst Style ETFs 2Q23
Forbes - 23 May 2023 15:24
Three red flags you can use to avoid the worst style ETFs.
Lowe's cuts full-year sales forecast, as spending on do-it-yourself projects weakens
CNBC - 23 May 2023 14:59
Lowe's beat first-quarter earnings expectations but lowered its full-year sales outlook.
Are We About To Go Into A Recession? Here's What The Data Says (Or Doesn't Say)
Forbes - 23 May 2023 14:51
While the data looks fairly solid, some clouds are still on the horizon with jobs and inflation that could tip the probability of a recession in the US.
Urban Outfitters' Stock To Likely See Little Movement Past Q1
Forbes - 23 May 2023 14:15
We expect the company to likely beat revenue expectations marginally and match earnings expectations in Q1.
SVB's New Owner Sues HSBC for Poaching Key Bankers
Wall Street Journal - 23 May 2023 13:39
First Citizens, which bought most of Silicon Valley Bank in late March, has sued the British lender for more than $1 billion in damages over a talent exodus.
These 2 'Mystery' Ingredients Can Drive 11%+ Yearly Returns In CEFs
Forbes - 23 May 2023 13:24
The best CEFs deliver their big dividends in a pretty straightforward way.
What To Expect From CME Group Stock?
Forbes - 23 May 2023 13:00
CME Group's stock (NYSE: CME) has gained 8% YTD, as compared to the 9% rise in the S&P500 over the same period.
U.S. Default Could Supercharge These Stocks and Spook Allies
Wall Street Journal - 23 May 2023 12:23
America's unquestioned financial might isn't the only thing in danger if the debt ceiling standoff causes a default.