Market News
Billionaire Duo Behind Singapore's Sea Lose $1.6 Billion In Biggest Share Price Drop After Earnings Miss
Forbes - 16 Aug 2023 08:50
Sea's shares suffered their biggest daily drop since the company went public in 2017 on Tuesday, when they dived almost 29% on the New York Stock Exchange.
Shoppers are spending big at TJX Companies as Target sales slide
CNBC - 16 Aug 2023 15:35
TJX Companies, which runs TJ Maxx and Marshalls, is seeing big gains in discretionary purchases as cash-strapped consumers look for a deal amid high inflation.
This Stock Has A 14.98% Yield And Sells For Less Than Book
Forbes - 16 Aug 2023 16:50
the recent AGNC share price of $9.61 represents a price-to-book ratio of 0.9 and an annual dividend yield of 14.98%
Stocks' August Slide Continues as Treasury Yields Touch Multiyear High
Wall Street Journal - 16 Aug 2023 22:34
Stocks dipped and government-bond yields reached a 15-year high after minutes from the most recent Fed policy meeting showed central bankers are worried about a possible resurgence in inflation.
Bond Yield Hits Highest Since 2008, Adding Pressure to Borrowing Costs
Wall Street Journal - 16 Aug 2023 22:33
The yield on the 10-year U.S. Treasury note closed at a 15-year high, threatening steeper costs for many borrowers and raising concern on Wall Street about the potential fallout in the stock, bond and housing markets.
Trust in passive, rest must bring data: Investment mantra for better returns
livemint.com - 16 Aug 2023 19:27
When you invest in a passive fund, you are taking direct exposure to index constituents in the same proportion as they are present in the index.
Should you opt for the new or old income tax regime?
livemint.com - 16 Aug 2023 19:26
From the ongoing financial year (FY) 2023-24, the new tax regime is the default regime. Taxpayers may opt for the old tax regime if the same is beneficial.
Insurance: which intermediary is better for buying a policy?
livemint.com - 16 Aug 2023 19:15
Buyers should check if the intermediary is selling the right product and can also act in their best interests.
One Year Later, Inflation Reduction Act Implementation Remains A Mess
Forbes - 16 Aug 2023 18:42
On the one-year anniversary of its signing, the Inflation Reduction Act remains a troubled law.
Target Customer Backlash May Be Least of Its Problems
Wall Street Journal - 16 Aug 2023 17:40
The backlash over the retailer's Pride Month collection could prove to be only a passing cloud compared with the potential chill in consumer spending.
Airline "Buy" Signal Has Never Been Wrong
Forbes - 16 Aug 2023 17:37
United Airlines (UAL) just came within one standard deviation of its 80-day moving average for the fifth time in the past three years.
What 7% Mortgage Rates Mean for Home Buyers
Wall Street Journal - 16 Aug 2023 16:29
Buyers should focus on what they can control rather than try to predict mortgage rates.
So, You Want to Be a Tax Whistleblower
Wall Street Journal - 16 Aug 2023 16:00
It takes a lot of time and determination, but the payoff from the IRS could be huge. Here's how to do it.
Can Tapestry's Stock Trade Higher Following Q4 Results?
Forbes - 16 Aug 2023 15:00
We expect the apparel retailer's stock to trade higher post the fiscal Q4 release with revenues and earnings beating expectations.
Broad Market Selloff Sends S&P 500 Below Its 50 Day Moving Average
Forbes - 16 Aug 2023 14:43
Despite the losses, the S&P remains up 15% for the year while the Nasdaq is up 30%.
What To Expect From Visa Stock ?
Forbes - 16 Aug 2023 14:00
Visa's stock (NYSE: V) has increased 17% YTD, as compared to the 16% rise in the S&P500 over the same period.
Beijing Is Caught in a Catch-22 as Economy, Currency Stumble
Wall Street Journal - 16 Aug 2023 13:13
China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act.
L'Occitane Stock Soars As Rumors Swirl Around Billionaire Owner Taking Beauty Brand Private
Forbes - 16 Aug 2023 13:05
L'Occitane's largest controlling shareholder, billionaire and chairman Reinold Geiger, is apparently about to take the famous beauty brand private for $6.5 billion.
Target slashes full-year forecast as retailer struggles to win over thrifty shoppers
CNBC - 16 Aug 2023 13:02
Target missed revenue expectations as it tried to bounce back after struggles with weaker demand and consumer backlash.
T-Mobile Stock A Buy At $140?
Forbes - 16 Aug 2023 13:00
T-Mobile stock has had a lackluster year, remaining roughly flat year-to-date, considerably underperforming the S&P 500 which remains up by about 17% over the same per...
Time to Take Up Take-Two
Wall Street Journal - 16 Aug 2023 12:30
Grand Theft Auto's publisher still might be a steal ahead of a major release cycle.
Cybersecurity Star Dims Ahead of News Dump
Wall Street Journal - 16 Aug 2023 12:00
Palo Alto Networks investors are betting that good things never happen late on a Friday afternoon.