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Market News

Location American Market News for 22 August 2023
Nonacademic credentials are becoming more important in college admissions.
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Nathaniel Chastain was convicted of trading on tokens that were to be featured on nonfungible tokens marketplace.
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Stocks Slip on Worries About Consumer Spending

Wall Street Journal - 22 Aug 2023 23:01
Climb in government-bond yields pauses, with 10-year hovering near highest mark since 2007.
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US-China Chip War: The Nexus Of High Tech And Geopolitics The US-China chip war represents the nexus of high tech and geo-politics. The stakes have never been higher with each nation vying to control the global narrative.
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How PPFAS's Raunak Onkar makes his investments

livemint.com - 22 Aug 2023 18:57
How PPFAS's Raunak Onkar makes his investments Raunak Onkar, co-fund manager and head of research at PPFAS Mutual Fund, reveals that 90% of his financial assets are in equities, with 75% in private unlisted shares of PPFAS. He also holds debt instruments and has a sm...
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Can I draft a will that benefits my family as per my terms? You can draft a will for all your assets. The will should have details of the beneficiaries and details of all assets and investments. The will should then specify the distribution of assets as per your wishes.
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The idea of financial freedom and early retirement is a flawed concept The happiness of quitting a job and having all the time in the world appears to be thrilling at the start.
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What Are Real Yields, and Why Do They Matter?

Wall Street Journal - 22 Aug 2023 18:46
Inflation-adjusted interest rates are the highest since 2009, which helps to explain stocks' unhappy August.
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Microsoft Now Playing the Very Long Game With Activision

Wall Street Journal - 22 Aug 2023 18:31
Giving up game streaming is a big concession, but the Xbox maker won't be shut out of the cloud.
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Which Is A Better Pick - Delta Stock Or United Airlines? We believe Delta stock (NYSE: DAL) and its peer United Airlines stock (NASDAQ: UAL) will likely offer similar returns in the next three years.
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Macy's topped adjusted earnings and sales estimates, but said revenue fell year over year and reiterated a cautious forecast.
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2 Clicks To 'Convert' Soaring Interest Rates Into Soaring Dividends It's prime time to grab two bond funds tossing out 8%+ dividends now--and we have the Fed (of all things!) to thank for this opportunity.
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Evergrande Bankruptcy: Chinese Real Estate Sector In Crisis As Evergrande Collapses The country's debt crisis that's rumbled on for two years is coming to a head, with China's shadow bank sector now defaulting on payments.
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The Arm IPO Will Test Investors' AI Conviction

Wall Street Journal - 22 Aug 2023 13:02
Now that the AI-drive tech rally has cooled slightly, investors will need to put their money where their mouth is.
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The Biggest Player in Crypto Is Facing a Risk Over Russia

Wall Street Journal - 22 Aug 2023 13:01
Binance is helping Russians move money abroad, potentially adding to its sprawling legal problems in the U.S.
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Down 25% In A Year Will Pfizer Stock Rebound To Its Pre-Inflation Shock Level? Returning to the pre-inflation shock level of over $60 means that PFE stock will have to gain more than 65% from here, and we don't think this will materialize anytime...
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Gap's Discount Is Too Big to Ignore

Wall Street Journal - 22 Aug 2023 13:00
With a creative leader at its helm, Gap is finally poised for its long-awaited turnaround.
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Lowe's beat second-quarter earnings expectations but slightly missed on revenue.
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Google Can't Afford to Take Its Foot Off the Spending Brakes

Wall Street Journal - 22 Aug 2023 12:30
Competing in AI isn't getting cheaper, and Alphabet's Other Bets is still a drag on earnings.
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The factory-automation specialist has a huge opportunity amid the U.S. reshoring wave.
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New tax regime likely to have attracted 5.5 crore taxpayers in FY24: Report Around 5.5 crore taxpayers may have switched to the new tax regime in FY24, as it offers a rebate on income up to ₹7 lakh.
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Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter.
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