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Market News

Location American Market News for 15 June 2023
Can Wynn Stock Return To Its Pre-Inflation Shock Highs? Wynn stock currently trades at $104 per share, about 26% below its pre-inflation shock high of $140 seen on March 17, 2021.
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Why Manchester United Shareholders Are Cheering the Away Team

Wall Street Journal - 15 Jun 2023 13:00
A successful bid for Manchester United could value the soccer club at more than $6 billion.
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Stocks Close at Highest Levels Since 2022

Wall Street Journal - 15 Jun 2023 22:45
The S&P 500 scored its sixth straight session of gains and the Dow added 429 points in a broad-based rally amid resilient economic reports.
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Motilal MF's new micro-cap index fund tests the limits Investing in micro-cap companies is fraught with higher risks; volatility is another concern
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Is there a good investment option for capital growth and safety? Investor with ?40 lakh savings for 5 years with periodic withdrawals should build a diversified portfolio with exposure to debt & equity asset classes. Corporate bonds and debt mutual funds are recommended for capital pr...
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The FTX founder faces a total of 13 criminal charges connected to the implosion of the cryptocurrency exchange is scheduled to go to trial on Oct. 2.
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Don't Blame Beyoncé For Sweden's 9.7% Inflation Some of Beyonce's US fans told BuzzFeed News in February that they had snapped up tickets for the singer's Swedish concerts at a huge discount to her US shows.
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Kroger Gets Stuck in the Middle Aisle

Wall Street Journal - 15 Jun 2023 18:29
The grocery giant is running middle of the pack on pricing and sales growth.
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The Mediterranean-style restaurant chain's shares nearly doubled from the IPO price.
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FTSE 100 Round-Up: Bunzl, Halma Fall On Latest Updates Both FTSE-listed businesses have reversed in Thursday business as investors react badly to fresh financials.
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Changes At Oil Titan Shell As Shareholder Dividend Skyrockets, Exits Pakistan And Retail Markets Shell's shareholder woes stem from its valuation, which trades lower than its US counterparts.
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How Has Merck Stock Performed During The 2022-23 Inflation Shock? Merck stock (NYSE: MRK) currently trades at $110 per share, roughly 43% above its level in March 2021, and it looks fully valued. Merck saw its stock trading..
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Crypto Can Run, But It Can't Hide

Wall Street Journal - 15 Jun 2023 13:43
Cryptocurrency firms besieged by the SEC might be lured to friendlier jurisdictions overseas, until they cause scandals that again lead to tighter regulation.
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Coinbase Vs. SEC Calls Into Question The Future Of U.S. Crypto Exchanges The SEC says its definition of rules are clear. Cryptocurrency exchanges, if they want to follow them, might have to break from trading.
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ASOS' Share Price Rockets 14.8% As It Returns To Profit In Q3 The FTSE 250 company is the index's leading performer on Thursday as transformation plans show early signs of promise.
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Don't Be Relieved By The Fed's Pause In Raising Interest Rates -- Recession Threat Still Looms Don't be relieved by the Federal Reserve's temporary pause in raising interest rates. Its misbegotten attempts to slow the economy still pose a dangerous threat of recession.
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NVIDIA: What To Do Now

Forbes - 15 Jun 2023 12:00
NVIDIA: What To Do Now NVIDIA Corporation has been in the media recently due to interest in AI.
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It's Time for Revenge Surgeries

Wall Street Journal - 15 Jun 2023 12:00
Seniors are finally coming back for medical procedures, hobbling insurance giants.
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What would the perfect climate-change lender look like? Welcome to a second Bretton Woods
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Beijing Must Act to Avoid an 'L-Shaped' Future

Wall Street Journal - 15 Jun 2023 11:24
China's recovery is losing momentum with remarkable speed. But Beijing still looks focused on security at the expense of growth.
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Mahila Samman Savings Scheme: How to calculate return on your money? Mahila Samman Savings Scheme is a government-backed savings scheme for women in India that offers a fixed interest rate of 7.5% for a two-year period
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Mutual Funds: Direct vs regular MF. Seven things that investors should know before investing Direct and regular plans are two options for mutual fund investors. Investors should assess their goals and expertise before choosing
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