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Market News

Location American Market News for 15 September 2023
Two front-runners vie for SVB Capital, with a court expected to a make decision within weeks.
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Grayscale Beat the SEC. Can Bitcoin ETFs Be Far Behind? It looks like Grayscale's win over the SEC at the district court level will finally open the door for a retail Bitcoin ETF that actually holds the cryptocurrency.
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Tech Stocks Weigh on Major Indexes

Wall Street Journal - 15 Sep 2023 22:20
A slump in technology companies' shares following Adobe's earnings report weighed on the broader market.
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Is $100 Oil Imminent As Crude Futures Hit Highest Levels For 2023? Brent and WTI oil futures are trading at 10-month highs and nearing $100 on tighter supply expectations and improved market fundamentals. But will the bullishness last?
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What Congress Can Get Done On AI Legislation AI is the hottest topic in Congress, but what legislation has the best chance to pass amidst the heightened attention?
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A judge is set to decide whether Carrie Tolstedt should serve as much as 16 months for obstructing a regulatory probe.
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How Rajiv Khanna invests his money

livemint.com - 15 Sep 2023 15:34
How Rajiv Khanna invests his money The notoriously media-shy investor opened up about his investment style and journey at a recent seminar
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How Google Might Demonstrate It Is Not Abusing Its Monopoly Power While Google's current antitrust trial will not hurt its stock. The DOJ's suit about Google's lead in advertising tech could.
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Google's Antitrust Trial Might Show How It's Not Abusing Its Monopoly Power While Google's current antitrust trial should not hurt its stock, the DOJ's suit about Google's lead in advertising tech could.
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UAW Strikes Begin As Ford, General Motors And Stellantis Fail To Reach Agreement With Workers' Union Here's the lowdown on what's happening with the worker strikes, why we've ended up here in the first place and how Wall Street took the news.
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Travelers Stock Is Undervalued

Forbes - 15 Sep 2023 15:00
Travelers Stock Is Undervalued Travelers' stock (NYSE: TRV) has lost 13% YTD, as compared to the 16% rise in the S&P500 index over the same period.
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The SAVE repayment plan might benefit up to 20 million borrowers, the Biden administration estimates.
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UAW Strike Exposes Detroit's Dysfunction

Wall Street Journal - 15 Sep 2023 14:37
GM, Ford and Stellantis can afford a much bigger walkout than the United Auto Workers union has called, but for investors it isn't just about the financial cost.
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Which Is A Better Pick - Kimberly-Clark Stock Or IDEXX Laboratories? Given its better prospects, we believe that IDEXX Laboratories stock (NASDAQ: IDXX) is a better pick over Kimberly-Clark stock (NYSE: KMB).
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Kenya's Proposal For A Green Bank: The IMF, World Bank, And China's Role As the world faces a climate crisis, Kenya's President William Ruto recently proposed the creation of a global green bank. s
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Why Surging Mortgage Rates Aren't Denting Homebuilders Like Pulte Group Stock This compares to the S&P 500 which remains up by about 17% over the same period.
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The bank is preparing to offer more access to a unique investment: the chance to own a piece of a private sports team.
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China May Dodge Deflation, After All

Wall Street Journal - 15 Sep 2023 12:28
But it will probably be a near miss, and economic data still hints at a bottom rather than a strong rebound.
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Will RTX Corp Stock Recover To Its Pre-Inflation Shock Highs Of $100? Although RTX stock is trading at a valuation multiple lower than its historical average, the recall of Pratt & Whitney engines is going to cost billions to the company...
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Kellogg's plan to ditch its cereal business highlights the depressed outlook for what was once America's morning staple.
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Arm Already Looks Stretched

Wall Street Journal - 15 Sep 2023 11:30
The chip designer's strong IPO also sets a pricey bet that royalties can keep going up without bringing down the heat.
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Sensex, Nifty 50 hit fresh record peaks: What should Mutual Fund (MF) investors do Equity markets reach all-time highs, experts advise MF investors to continue with SIPs and focus on long-term goals
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