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Market News

Location American Market News for 3 July 2023
Chipotle's Stock Up 50% Over Six Months. What's Next? CMG's stock growth can be attributed to Chipotle's accelerated revenue growth this year.
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Will Medtronic Stock Rebound To Its Pre-Inflation Shock Highs? June 2022, just before the Fed started increasing rates, and is now 3% below that level, underperforming the broader markets, with the S&P 500 rising 16% over this per...
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Latest PCE Inflation Data Indicates Persistent Inflation Despite Positive Outlook The latest personal consumption expenditures (PCE) price index was yet another mixed bag, with headline inflation looking peachy and core inflation turning sour
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Saudi, Russian Production Cuts Unlikely To Move Near-Term Oil Price Needle Oil price will likely be stuck in the $72-77 range near-term despite Saudi Arabia and Russia's crude production cuts due to the uncertain economic climate.
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Soros Foundation to Cut Staff by 40%

Wall Street Journal - 3 Jul 2023 23:30
The goal is to streamline the organization but not reduce activity or support for causes.
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Will my office policy cover maternity costs?

livemint.com - 3 Jul 2023 19:31
Will my office policy cover maternity costs? Typically, group health insurance policies offered by employers carry a sub-limit for maternity delivery claims.
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How to get 5% TCS for remittances beyond ₹7 lakh

livemint.com - 3 Jul 2023 19:30
How to get 5% TCS for remittances beyond ₹7 lakh The Central Board of Direct Taxes (CBDT) has issued some important guidelines on the implementation of changes relating to TCS under the LRS and for overseas tour packages.
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Want to invest in agricultural land? Here is what you ought to know The primary challenge to buying such land is in ensuring a clear title deed without any encumbrances.
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Stocks Inch Higher in Shortened Session

Wall Street Journal - 3 Jul 2023 19:18
Investors geared up for the second half of 2023 following a market rally to start the year. Shares of Tesla and other EV makers gained.
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Why India Could Be The Next Big Destination For Global Investors India is rapidly transforming into a formidable global superpower and an increasingly attractive destination for investor capital.
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Chocolate Can't Escape Inflation's Grip as Cocoa Prices Soar

Wall Street Journal - 3 Jul 2023 17:34
Prices for cocoa have surged by a third this year, making it among the world's best investments in the first half of the year.
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Best And Worst Investments Of 2023: Bitcoin And Tech Stocks Surge As Oil Tumbles Despite "troubling" warning signs, the market has minted a stunning rally this year.
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Labor Market Slowdown: 1.6 Million New Jobs In 2023--But Millions At Risk As These Industries Struggle Most As waves of layoffs plague tech giants and retailers, experts predict as many as 2 million jobs could ultimately be lost by the end of next year.
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PGIM India Mutual Fund allows fresh SIPs in international schemes from July 3; check details In February 2022, the fund house had stopped these investments after the Securities and Exchange Board of India (SEBI) advised mutual funds to stop further investments in foreign stocks to avoid breach of industry-wide o...
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Tesla Gears Up for Battle With Gasoline Cars

Wall Street Journal - 3 Jul 2023 15:29
Tesla is using price cuts to expand aggressively while old-school autos remain profitable, but the two can't stay in separate bubbles forever.
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Overstock Shares Go Overboard on Bed Bath & Beyond Name

Wall Street Journal - 3 Jul 2023 12:30
Buying the retailer's name is a shrewd move but doesn't justify the run-up in Overstock's share price.
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Is Visa Stock Undervalued?

Forbes - 3 Jul 2023 12:00
Is Visa Stock Undervalued? Visa's stock (NYSE: V) has increased 13% YTD, as compared to the 15% rise in the S&P500 over the same period.
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Stocks This Week: Buy D.H Horton And Intuitive Surgical The S&P is in both the bullish end-of-month and the holiday periods of bullish bias.
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AAA forecasts 43.2 million Americans will travel by car for Independence Day.
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What's The Outlook Like For Apple Vendors' Stocks? Our Theme of Apple Component Supplier Stocks, which includes a diverse set of companies that supply components for Apple's devices, has gained about 13% year-to-date, ...
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Public Provident Fund (PPF) vs Post Office Fixed Deposit (FD): Interest rates compared. Which is suitable for whom? Interest rates on Post Office Time Deposit have been revised for the July-September quarter, offering higher returns to depositors
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Seven bank fixed deposits (FDs) have given more returns than Nifty, Sensex, Bank Nifty in 2023. Check here Bank fixed deposits have outperformed stock market indices in the first half of 2023, delivering over 6% returns
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