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Market News

Location American Market News for 5 June 2023
Gap Stock Has Upside Potential To Its Pre-Inflation Peak GPS saw its stock trading at around $8.21 at the beginning of October 2022, when the Fed kept increasing rates, and now remains marginally below those levels.
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S&P 500 Starts Week Lower, Just Shy of Bull Market Territory

Wall Street Journal - 5 Jun 2023 22:33
A rally in technology shares has helped obscure a growing sense of uncertainty in the stock market.
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Earnings Preview: What To Expect From Ciena On Tuesday Ciena is scheduled to report earnings before Tuesday's open. Here's a closer look.
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How tax on rental income works for NRIs?

livemint.com - 5 Jun 2023 19:53
How tax on rental income works for NRIs? Rental income from the property situated in India is taxable in the hands of the owner of the house property, whether it is for an NRI or a resident Indian.
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Decoding the tax exempt status of encashed leaves

livemint.com - 5 Jun 2023 19:47
Decoding the tax exempt status of encashed leaves For employees of the central or state governments, the entire leave encashment amount received is exempt, without limits or conditions.
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Preparing For Takeoff: Unraveling The Investment Opportunities Amid 2023's Air Travel Boom Airlines for America predicts that 257 million people will travel on U.S. airlines from June 1 to August 31, representing a 9.5% increase from the previous summer.
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How Marcellus' Saurabh Mukherjea plans to build a ₹20-crore nest egg Mukherjea allocates 90% of his personal investment portfolio to equities and just 10% for debt instruments.
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SEC Sues Crypto Exchange Binance

Wall Street Journal - 5 Jun 2023 18:53
The regulator alleges in a civil lawsuit that the company misused customer funds and ran an illegal crypto exchange in the U.S.
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Apple Throws Their Developer Party

Forbes - 5 Jun 2023 15:13
Apple Throws Their Developer Party Last week, stocks added to what has been a strong start to the summer.
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MetLife Stock Has A 44% Upside To Its Pre-Inflation Peak MetLife saw its stock trading at around $63 at the end of June 2022, just before the Fed started increasing rates, and is still 20% below that level.
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Even Mark Cuban Can't Fix This Broken Drug System

Wall Street Journal - 5 Jun 2023 14:00
Coherus BioSciences' partnership to offer deeply discounted biosimilar Humira can go only so far in reducing overall prices.
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KKR to Buy Circor in $1.6 Billion Deal

Wall Street Journal - 5 Jun 2023 13:50
The buyout firm is paying $49 a share for the maker of pumps and valves for industrial, aerospace and defense industries.
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Why Valero Energy Is A Top 10 Energy Dividend Stock Valero Energy has been named as a Top 10 dividend paying energy stock, according to Dividend Channel
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This Bud's for You: Time to Buy Anheuser-Busch InBev

Wall Street Journal - 5 Jun 2023 13:00
The global beer conglomerate finds itself caught up in a distinctly American uproar. But for long-term investors, the Bud Light brouhaha could be a rare buying opportunity.
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What's Happening With Honda Stock?

Forbes - 5 Jun 2023 12:00
What's Happening With Honda Stock? Japan's second-largest automaker, Honda Motor stock (NYSE: HMC), has seen its stock outperform this year, rising by over 20%.
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Stocks This Week: Buy Oracle And Meta Platforms Here are technology stocks to buy in June.
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Commodities Slide as Investors Bet on Economic Slowdown

Wall Street Journal - 5 Jun 2023 11:30
Commodity prices are in retreat, signaling a deceleration in the world economy but lending central banks a hand in their fight against inflation.
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Big Banks Could Face 20% Boost to Capital Requirements

Wall Street Journal - 5 Jun 2023 06:02
Those relying on fees might need bigger buffers to absorb losses under planned rules.
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Wall Street Backs Off Bets on Fed Rate Cuts

Wall Street Journal - 5 Jun 2023 06:01
Strength in the economy has wrong-footed bets that the Fed will make large rate cuts this year, potentially undermining a key element of support for the 2023 stock rally.
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