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Market News

Location American Market News for 28 June 2023

Oaktree Capital to Appoint New Leadership at Firm

Wall Street Journal - 28 Jun 2023 02:00
Robert O'Leary and Armen Panossian are to serve as co-chief executive officers at the credit-investing giant.
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What effective strategies can help generate a steady income stream during retirement? You can move your savings account funds to fixed income instruments like non-covertible debentures (NCDs), fixed deposits (FDs), which will give regular income.
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Byju's delayed PF payments: What EPFO rule says when employer fails to deposit contribution in EPF account Byju's delayed PF payments: If an employer fails to pay on time, they are liable to pay damages and interest, according to EPFO guidelines
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Nasdaq Continues Climb as Tech Rally Pushes On

Wall Street Journal - 28 Jun 2023 22:41
A jump in shares of Apple and Tesla helped the Nasdaq Composite eke out a slim gain even as other major indexes slipped.
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3 Trendlines To Watch Ahead Of Nike Earnings Nike stock is at a crossroads ahead of earnings
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Ecstasy-for-Medicine Advocate Looks for Cash Lifeline

Wall Street Journal - 28 Jun 2023 20:17
MAPS, a nonprofit, is working on an $85 million private share sale to keep itself afloat until mid-2024, when it hopes to start selling MDMA in the U.S.
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Overseas spending using credit cards not to attract TCS; check details The implementation of a higher rate of tax collected at source (TCS) of 20 per cent on overseas remittances under LRS, like tour expenses, has been deferred by three months and will come into effect from October 1.
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ESG has loopholes, check the fund

livemint.com - 28 Jun 2023 18:28
ESG has loopholes, check the fund Quant's ESG Fund delivered good returns but its investment strategy and choice of stocks was questionable and the churn unbelievably high.
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ESG Label has loopholes, look at Quant ESG Fund

livemint.com - 28 Jun 2023 18:28
ESG Label has loopholes, look at Quant ESG Fund Quant's ESG Fund delivered good returns but its investment strategy and choice of stocks was questionable and the churn unbelievably high.
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Google Perspectives Launch Brings Together Search And Social To Offer More The new product deftly handles competitors like TikTok, Instagram and even Reddit by bringing together social media answers in one Google search result
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Government announces 3-month extension for implementing revised TCS rates, will apply from 1 October Increased TCS rates to apply from 1st October, 2023: The increase in TCS rates; which were to come into effect from 1st July, 2023 shall now come into effect from 1st October,
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Bristol Myers Squibb Enters Oversold Territory making Bristol Myers Squibb even more interesting is the fact that in trading on Wednesday, shares of BMY entered into oversold territory
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Broker Faces Insider Trading Probe Tied to Morgan Stanley Deals

Wall Street Journal - 28 Jun 2023 15:00
Prosecutors are examining whether a securities broker and his associates traded on unlawfully obtained information about planned mergers and acquisitions.
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Jefferies Signals Green Shoots in Investment Banking Lull

Wall Street Journal - 28 Jun 2023 14:19
Some positive signs at the independent investment bank might herald a better-than-feared quarter for its megabank competitors.
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For Nvidia and China, an AI Battle With Washington Bodes Ill

Wall Street Journal - 28 Jun 2023 14:17
An escalating chip war between the U.S. and China is putting chip makers in the crosshairs.
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Cash In With These 300%+ Dividend Growers As Powell Talks Tough Don't buy Jay Powell's tough-guy act. This rate-hike cycle is on its last legs.
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Tripadvisor's Stock Down 10% This Year, What's Next? The company's financial results for both 2020 and 2021 were significantly impacted due to the decrease in travel demand related to Covid-19.
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Curb Your AI Enthusiasm: Just Look at the Insurtech Carnage

Wall Street Journal - 28 Jun 2023 13:48
Takeover hopes at embattled car insurer Root shouldn't obscure a broader message for investors: Many traditional industries are impervious to technological revolutions.
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How Has VeriSign Stock Performed During The 2022-23 Inflation Shock? It compares these trends to the stock's performance during the 2008 recession.
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Tata AIA partners with WhatsApp, PayU to introduce industry's first premium payment feature Tata AIA, the life insurance arm of Tata Group, has introduced digital payment options through WhatsApp and Unified Payment Interfaces, a first in the insurance industry. The new feature allows policyholders to pay premi...
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How Uranium Can Be a Shelter From Economic Meltdown

Wall Street Journal - 28 Jun 2023 12:00
Tensions with Russia and insensitivity to economic indicators make the commodity an appealing bet.
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Cheaper Natural-Gas Prices in Store This Summer

Wall Street Journal - 28 Jun 2023 11:30
The fuel's price has rallied but is much lower than a year ago.
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