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Market News

Location American Market News for 22 September 2023
Global Impact Of Russian Oil Product Export Ban Will Be Minimal Russia's banning of petroleum product exports will not last long and any impacts on prices will be short lived.
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Mainland tourists are flocking to Hong Kong in search of investment-focused insurance. One of the big beneficiaries: HSBC.
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S&P 500 Drops for Third Straight Week

Wall Street Journal - 22 Sep 2023 22:35
Rising Treasury yields weighed on stocks.
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Summer's Over: Here Are The Stock Market's Most Notable Winners And Losers The "magnificent seven" big tech stocks including Apple and Nvidia lost $13 in market value this summer.
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Higher-for-Longer Interest Rates Threaten Fintech

Wall Street Journal - 22 Sep 2023 16:00
Shares of Affirm, Block and PayPal fell the day after the Fed announcement.
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Which Countries Are Most (And Least) Vulnerable To $100 Per Barrel Oil? As Brent crude edges closer to the symbolic threshold of $100 per barrel, nations and industries around the world are bracing for the impact.
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Looming Government Shutdown And Higher Interest Rates Hang Over Market The threat of interest rates remaining elevated for a longer than expected period of time combined with increasing risk of a government shutdown is taking its toll.
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Will The UAW Strike Impact EV Component Stocks? Our theme of EV Supplier stocks has been a mixed performer this year, rising by about 4% year-to-date, compared to the S&P 500 which has gained over 17% over the same ...
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CFTC Rejects Bid to Launch Political Election-Betting Market

Wall Street Journal - 22 Sep 2023 14:26
The regulator said the proposal would have turned the agency into an "election cop," given its duty to police fraud in manipulation in markets subject to its oversight.
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GM And Stellantis Layoffs Number Thousands As Strike Tensions Escalate The three car makers' stocks are struggling to stay buoyant.
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Which Is A Better Beverage Pick - Coca-Cola Stock Or Monster Beverage There is more to the comparison, and in the sections below, we discuss why we believe KO will offer higher returns over MNST in the next three years.
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Football Is New Life for Electronic Arts

Wall Street Journal - 22 Sep 2023 12:30
The launch of its first soccer title without the FIFA name carries some risk, but EA's biggest videogame series has a deep moat.
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What To Expect From Deutsche Bank Stock?

Forbes - 22 Sep 2023 12:00
What To Expect From Deutsche Bank Stock? Deutsche Bank's stock (NYSE: DB) has lost 7% YTD, as compared to the 15% rise in the S&P500 over the same period.
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Starbucks is making a big push, but other companies are pushing even harder as China moves closer to becoming the country with the most coffee shops in the world.
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A Tax Break Worth the Hassles

Wall Street Journal - 22 Sep 2023 11:30
Older Americans can still reap tax breaks from donating to charity, even if they aren't itemizing deductions. The secret: a 'qualified charitable distribution' from a traditional IRA.
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Higher Rates Are Supercharging Japan's Banks

Wall Street Journal - 22 Sep 2023 11:24
Stodgy Japanese banks have morphed into some of the globe's best investments in 2023.
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Invest or not invest? Are these six excuses stopping you from investing right? Start investing early to take advantage of compounding and growth. Don't make excuses, define goals, learn, and prioritise savings
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New TCS rule from next month: Three tips to reduce Tax Collected at Source on your foreign trip New TCS rule from 1 October 2023: TCS on foreign remittances under LRS raised to 20% from 5% in Union Budget 2023. Effective from October 1, 2023
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Prudential's CFO resigned after he tried to help line up a job for a regulator's relative.
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What is the forex rate offered by banks, travel aggregators? Here is a list of INR to USD forex rates offered by some of the major banks and travel aggregators.
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