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Market News

Location American Market News for 1 June 2023
Salesforce raised its full-year guidance and reported an earnings and revenue beat, but capital costs were higher than expected.
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Money Market Yields Are Attractive And Investors Are Taking Notice There's a faint but growing sucking sound permeating Wall Street as money is being gradually sucked out of investments like stocks and bonds and into money market funds.
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The New Math on Inheriting Your Parents' House

Wall Street Journal - 1 Jun 2023 03:00
Rising costs are prompting more adult children to sell the homes they inherit from their parents.
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Major U.S. indexes jumped on the first trading day of June as investors cheered progress toward a deal to avert a government default.
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Tell Us About Your Trading Experience

Wall Street Journal - 1 Jun 2023 22:00
Have you been trading or investing in the stock or options markets? We want to hear about it.
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Law Enforcement Can Overcome The Illicit Cannabis Market Finding solutions to curbing illicit activity is paramount to the industry, consumers and law enforcement.
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Dollar General: No Longer Downturn-Proof

Wall Street Journal - 1 Jun 2023 19:53
Pinched lower-income consumers are cutting back, and middle-class ones aren't trading down enough.
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Can I avail cashless facility from two TPAs at the same time? To simplify the process, it is recommended to process a cashless claim with the first insurer and claim reimbursement from the second insurer for the residual amount.
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Why you should consider investing in passive funds for wealth creation Passive funds like index funds and ETFs are mutual fund schemes that replicate the value of an underlying, which could be an index or a commodity.
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SVB Securities Prepares Management Buyout Backed by Baupost

Wall Street Journal - 1 Jun 2023 18:55
The investment banking business tied to Silicon Valley Bank is preparing a management buyout that has the backing of Seth Klarman's hedge fund, Baupost Group.
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Should You Self-Insure Your Long-Term Care?

Wall Street Journal - 1 Jun 2023 18:00
Here are seven questions to ask yourself when considering whether to buy a policy or pay for the care out of your own pocket.
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Some customers with Apple savings accounts, which are a partnership with Goldman Sachs, say it has taken weeks to withdraw money.
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Amazon Employees Walkout Over Climate Concerns And Back-To-Work Mandate - Here's What It Means For Investors Nearly 2,000 employees took part in a planned walkout this week, causing a slide in the Amazon stock price
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Generative AI Could Sustain Arista Networks' 31% Annual Stock Growth Arista -- whose stock rose by 24% between May 24 and pre-market trading on May 30 -- sells such switches to hyperscalers.
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Will CSX Stock Recover To Its Pre-Inflation Shock Level? The stock price gained after it reported upbeat Q1 results in late April, but it has corrected over the recent weeks with rising concerns over deteriorating economic g...
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Active vs. Passive ETFs: How They Stack Up

Wall Street Journal - 1 Jun 2023 16:00
Actively managed mutual funds lag behind passive mutual funds. We put actively managed ETFs through a similar test.
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Macy's gave a lower sales and earnings forecast for the year as it said discretionary spending slowed in March.
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These Funds Pay Up To 12.5%: But Are These Dividends Safe? You and I, as careful contrarians, have big payers at our fingertips that we could only dream about back in the days of optional seat belts.
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The Student-Loan Freeze Is Ending. Prepare to Pay Up

Wall Street Journal - 1 Jun 2023 15:58
After a three-year pause, borrowers will have to make monthly payments again starting Aug. 30.
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Vanguard Fined for Misleading Money Market Fund Customers

Wall Street Journal - 1 Jun 2023 15:55
The money manager sent statements with incorrect information about fund yields and income, according to the Financial Industry Regulatory Authority.
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Where Is Barclays Stock Headed?

Forbes - 1 Jun 2023 15:00
Where Is Barclays Stock Headed? Barclays' stock (NYSE: BCS) has lost 1% YTD, as compared to the 10% rise in the S&P500 over the same period.
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Is This (Finally) The Time To Invest In Japan? After three decades of being shunned by international investors, the Japanese stock market is attracting renewed interest this year.
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