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Market News

Location American Market News for 26 June 2023
AMD Is Doubling Down On AI Chips. Should You Buy Or Avoid The Stock? Advanced Micro Devices stock (NASDAQ: AMD) has gained a solid 71% year-to-date, considerably outperforming the broader S&P 500 which remains up by 14% over the same pe...
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What's Happening With BP Stock?

Forbes - 26 Jun 2023 14:00
What's Happening With BP Stock? BP stock has increased from around $34 to $35 over the last six months, compared to a 14% growth in the S&P index.
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Pill for Obesity Has Wall Street Salivating

Wall Street Journal - 26 Jun 2023 06:01
Obesity treatments are currently limited to injections, but pills could expand the market and lower costs.
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Robinhood Lays Off About 7% of Its Full-Time Employees

Wall Street Journal - 26 Jun 2023 22:43
The move is the online brokerage's third round of layoffs in just over a year.
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Taking Advantage Of The Golden Window Before An IPO Before IPO there's an opportunity to put in place some provisions that can give newly public companies significant degrees of autonomy from their shareholder base.
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Stock Indexes Fall on Tech, Communications Declines

Wall Street Journal - 26 Jun 2023 22:17
The tech-heavy Nasdaq Composite sheds 1.2% and the S&P 500 declines 0.4%. Cruise operator Carnival drops after reporting a quarterly loss and higher costs.
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The cost of medical inflation: How much health cover should you buy? It is better to have a comprehensive health cover with super top-ups to meet rising hospitalization expenses.
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MFs and the great expectations from Sebi reforms

livemint.com - 26 Jun 2023 18:56
MFs and the great expectations from Sebi reforms The last 14 years have been particularly eventful for the Indian MF industry as there has been constant churn on account of regulatory changes and market reactions.
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How can a tuition teacher get a home loan?

livemint.com - 26 Jun 2023 18:56
How can a tuition teacher get a home loan? There are many institutions that help first-time woman borrowers with no credit history and informal sources of income.
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Investing In Web3 Companies: Riding The Wave Of The Next Digital Revolution Web3 promises to be such an environment, and to understand this shift, it's helpful for investors to consider the evolution of the internet.
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Lucid Revs Up Aston Martin's EV Plans

Wall Street Journal - 26 Jun 2023 16:48
A deal for the electric-vehicle startup to share its technology with British sports-car maker Aston Martin may not be the last such collaboration.
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Stocks This Week: Buy Shopify And Palo Alto Networks The coming week is likely to bring a higher S&P in volatile trading. Here are a pair of stocks to buy.
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Salt Lake City Ups the Ante in Bid to Become a Fintech Hub

Wall Street Journal - 26 Jun 2023 16:00
A new education center in the city aims to produce employees who are equipped to work in financial technology.
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The U.S. and Modi Rewire Indian Defense and Tech

Wall Street Journal - 26 Jun 2023 14:46
Big deals signed during prime minister Modi's visit--for jet engines and chips--show India has real momentum.
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Which Is A Better Beverage Pick - PepsiCo Stock Or KDP? There is more to the comparison, and in the sections below, we discuss the potential returns for PEP and KDP.
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What To Do With Micron Now

Forbes - 26 Jun 2023 12:00
What To Do With Micron Now The stock has lagged the other tech shares, but this is likely to change now.
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Thoughts On AI Impact In Banking - McKinsey, Banking CEOs, And Boards AI continues to develop quickly, and executives are establishing frameworks for how to work with the new technology.
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Tesla Leads Surge in Battered Clean-Energy Stocks

Wall Street Journal - 26 Jun 2023 11:30
The rally could sustain cash-burning companies until climate-law subsidies kick in.
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How Edelweiss' Radhika Gupta is rebalancing her own mutual fund (MF) portfolio Proper asset allocation and timely rebalancing of mutual fund portfolios are crucial for investors. Edelweiss AMC CEO Radhika Gupta shares her takeaways from rebalancing her own portfolio
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Associated British Foods Upgrades Profit Forecasts Following Strong Q3 Sales increased 16% during the 12 weeks to 27 May, with revenues across its Primark and Food divisions rising by double-digit percentages.
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EPFO likely to extend deadline to apply for higher pension: Report The EPFO is expected to extend the deadline for higher EPS pension by three months The deadline ends today and has already been extended twice
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Never Underestimate Central-Bank Groupthink

Wall Street Journal - 26 Jun 2023 10:51
Markets believe monetary policy will chart different paths across Western countries, but central banks could be reluctant to diverge too much: Getting it wrong is less costly if others get it wrong too.
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