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Market News

Location American Market News for 24 August 2023
The hallmark of successful investing: patience, discipline and strategy Some investors make the mistake of making direct stock picks just based on the portfolio disclosures of their mutual funds, to mimic the fund manager.
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Stocks Sink Despite Nvidia's Record High

Wall Street Journal - 24 Aug 2023 22:51
The S&P 500 initially looked set to build on its best day since June, but finished 1.3% lower.
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Dollar Tree raised its sales outlook for the year but narrowed its earnings guidance.
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MFs not liable for bad calls; L&T MF case sets template India's market regulator, Securities and Exchange Board of India (Sebi), has issued a show-cause notice to L&T Mutual Fund over its lack of transparency regarding fund management decisions. Sebi accused the asset managem...
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How can I turn my portfolio into a robust financial plan? Currently, your cash and investments total ?2.2 crore. Out of this, ?97 lakh is invested in real estate and ?10 lakh is the car loan outstanding. This leaves you with ?1.23 crore.
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Time To Favor Bonds Over Stocks Now

Forbes - 24 Aug 2023 18:05
Time To Favor Bonds Over Stocks Now I'm closing out that "trade of the decade" for a new one. Stocks are pricey and popular. Bonds are cheap and hated.
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Mortgage Rates Hit 7.23%, Highest Since 2001

Wall Street Journal - 24 Aug 2023 18:00
Higher borrowing costs are slowing down the housing market and discouraging both buyers and sellers.
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Did The Summer of Barbie Save The Movies?

Forbes - 24 Aug 2023 16:24
Did The Summer of Barbie Save The Movies? Theater owners are having their best summer in years, which is good news for several companies that have gone through bankruptcy recently, including National CineMedia.
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Nvidia Earnings Smash Expectations Again, Send Tech Stocks Soaring Nvidia smashed every metric going on its earnings beat for the second quarter and raised guidance for Q3
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How the Hawaii Fires Ensnared the State's Third-Largest Bank

Wall Street Journal - 24 Aug 2023 15:00
American Savings Bank, which Hawaiian Electric Industries bought in 1988, might be the holding company's most valuable asset.
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Real Rates Aren't Your Real Friends

Wall Street Journal - 24 Aug 2023 14:20
Investors have become spooked about the rise in inflation-adjusted yields ahead of the Federal Reserve's Jackson Hole summit. They have reason to be.
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Gap Q2 Earnings: What Are We Watching?

Forbes - 24 Aug 2023 14:00
Gap Q2 Earnings: What Are We Watching? Gap Inc. stock (NYSE: GPS), a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children under the Gap, Old Navy, ...
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5 Things I'm Watching This Morning 8/24/23

Forbes - 24 Aug 2023 13:25
5 Things I'm Watching This Morning 8/24/23 Premarket Thoughts: Here's a premarket update for Thursday 8/24/23. There are 5 things I'm watching today. NVDA earnings, The 50 DMA line, Where we close and more
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The New SEC Rules And The Landscape Of Private Equity Fees As firms increasingly prepare for retail flows into alternative investments, private equity fees have once again captured headlines.
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Nvidia's AI Surge Is Just Getting Started

Wall Street Journal - 24 Aug 2023 11:30
The blowout results and forecast indicate that demand for the company under CEO Jensen Huang isn't short-lived, but high prices will spur competition.
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Post office RD vs SBI RD: Which offers the best recurring deposit interest rates? Recurring deposits (RD) popular for fixed-income investors with maturities from 1 to 10 years. SBI and Post Office offer RD with interest rates below inflation rate
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Australia's Qantas announced a record annual profit on Thursday, and announced a share buyback and a multi-billion dollar order for 24 new aircrafts.
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Mutual funds: Experts recommend this investment strategy for small-cap MF investors Mutual funds: Investors should be cautious and diversify their portfolio when investing in small-cap funds, say experts
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Income tax refund: Govt plans to reduce refund processing time. Check details here Income tax department plans to reduce tax refund processing time to 10 days from the current 16 days
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China's Crisis of Confidence in Six Charts

Wall Street Journal - 24 Aug 2023 06:00
Chinese households are losing faith in the nation's future. Unless Beijing can reassure them, they could drag down the entire economy.
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