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Market News

Location American Market News for 26 September 2023

Of US fractional investing and the lesson for India

livemint.com - 26 Sep 2023 17:04
Of US fractional investing and the lesson for India The concept of fractional shares is missing in an absolute form in Indian markets though it is supported in some form through mutual fund and ETF investing.
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How Much Savings Do Americans Have Left, Anyway?

Wall Street Journal - 26 Sep 2023 16:57
If Americans still have money sitting around, consumer spending could be bolstered and any remaining savings could make it easier for people to weather a rainy day.
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American Express Is Oversold

Forbes - 26 Sep 2023 22:40
American Express Is Oversold On Tuesday, shares of AXP entered into oversold territory, changing hands as low as $150.16 per share.
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Tesla Stock Price Prediction For 2025: What To Know Tesla stock has gone up 135% since January, but it's still 40% off its 2021 high. See if this recent strength is building towards a higher stock price for TSLA in 2025.
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Kotak Mutual Fund launches investor education program in partnership with CBSE The program 'Seekho Paiso ki Bhasha' will pave the way for financial literacy aimed at empowering teachers across India, says Kotak Mutual Fund
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America Going Electric: Dollars And Sense

Forbes - 26 Sep 2023 18:02
America Going Electric: Dollars And Sense We put together a list of beneficiaries of the $370 billion investment needed for California's power grid to meet the state's "net zero" goal for CO2 emissions by 2045.
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Credit cards and mobile apps won't pay for much in a power outage.
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Initial public offerings: Why retail investors should be wary of SMEs The SME segment has attracted the interest of retail investors but experts say there is reason to be cautious.
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Is there a way to draft a watertight will?

livemint.com - 26 Sep 2023 17:03
Is there a way to draft a watertight will? One should nominate executors who are younger than the testator, since they are more likely to survive the testatokr and also consider naming back-up executors.
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The Financial Hurdles Facing Legal Cannabis

Forbes - 26 Sep 2023 15:28
The Financial Hurdles Facing Legal Cannabis It is clear that there is no shortage of financial challenges facing the adult-use cannabis industry, but I am encouraged by the potential solutions already underway.
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Will Insulet (PODD) Stock Recover To Its Pre-Inflation Shock Highs Of $300? Returning to the pre-inflation shock level of $318 means that PODD stock will have to gain more than 100% from here.
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An Inside Look At How Corporate-Bond CEFs Pay 9%+ Yields This bond has been paying an 8.25% income stream to EAD ever since the fund's managers bought nearly $4 million worth of these bonds.
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What To Expect From Costco's Stock Post Q4 Results? We expect Costco stock to likely see little movement due to revenue slightly beating expectations and earnings coming in line.
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The World's Biggest Crypto Firm Is Melting Down

Wall Street Journal - 26 Sep 2023 14:00
'Every battle is a do-or-die situation,' Binance co-founder Yi He writes.
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$100 Oil Needs Western Drills to Stay Quiet

Wall Street Journal - 26 Sep 2023 13:03
Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.
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Why Is Cisco Buying Splunk?

Forbes - 26 Sep 2023 13:00
Why Is Cisco Buying Splunk? Cisco Systems Inc (NASDAQ: CSCO) announced a $28 billion all cash deal to buy cyber security company Splunk last week, marking the networking major's largest acquisiti...
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Which Is A Better Pick - PepsiCo Stock Or Amgen? We believe that PepsiCo stock (NYSE: PEP) is a better pick over Amgen stock (NASDAQ: AMGN).
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A Major Sell Signal For The Bond Markets

Forbes - 26 Sep 2023 12:00
A Major Sell Signal For The Bond Markets The decline last week broke an important multi-year support line. This confirms a bear market in fixed-income markets.
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Smiths Group Reports Record FY Sales, Expects Further Increases Organic revenues rose by double-digit percentages last year to all-time peaks above £3 billion.
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Travel Now Pay Later: How TNPL may affect your tour budget decisions-- explained TNPL options offer convenient financing and flexibility for travel, but borrowers should be aware of short repayment periods and high interest rates
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The Big Pharma Trade: Ozempic Is In, Covid-19 Is Out

Wall Street Journal - 26 Sep 2023 11:30
The pharmaceuticals sector is enduring a tough year in the stock market. Companies selling weight-loss drugs are a big exception.
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₹2000 currency note exchange: Deadline ends in 4 days. What happens next? Check how to deposit these notes in a bank The deadline for exchanging ₹2,000 banknotes is in 4 days; 93% of notes have been returned so far
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