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Market News

Location American Market News for 27 September 2023
Costco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed.
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How Javier Milei, A Right-Wing Libertarian, Ate The Whether or not all of this is an illusion or Argentina's version of extravagant far-right outsider ala Donald Trump and Jair Bolsonaro remains to be seen.
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Stock Market Selloff Pauses, Nasdaq Edges Up

Wall Street Journal - 27 Sep 2023 22:56
The S&P 500 finished higher--barely--after falling earlier in the day; the Dow slipped.
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Facebook Needs to Continue Covering Meta's Expensive Quest

Wall Street Journal - 27 Sep 2023 22:29
New mixed-reality headset and AI tools will keep costs high--raising pressure for ad growth.
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Tax Planning For Traders

Forbes - 27 Sep 2023 19:30
Tax Planning For Traders Traders have unique needs and opportunities in tax planning. Get organized well before the year-end so you don't miss out.
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Planning for financial independence and the risk of forced retirement The idea of early retirement is undoubtedly attractive and the desire to retire early from the job market may be widespread.
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Can rent allowance be claimed for more than one property? It is important to note that the income tax department may scrutinize your HRA claim if you are claiming it for multiple properties
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How India's MF ecosystem has evolved since the 90s

livemint.com - 27 Sep 2023 18:44
How India's MF ecosystem has evolved since the 90s Sebi's interventions, technological advances have revolutionized the mutual fund landscape
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Government Shutdown Would Slow U.S. Economy--Adding To Shocks From Strikes And Oil Prices. Here's What To Know. The shutdown is among a "long list" of headwinds for the wobbling economy, according to Fed chief Jerome Powell.
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Which Is A Better Pick - Keurig Dr Pepper Stock Or Zoetis? We believe that Zoetis stock (NYSE: ZTS), an animal health company, is a better pick than Keurig Dr Pepper stock (NASDAQ: KDP), given its better prospects.
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These 9%-Paying Funds Are 'Must Buys' Today

Forbes - 27 Sep 2023 16:00
These 9%-Paying Funds Are 'Must Buys' Today If there's one thing we need to remember when we buy high-yield closed-end funds (CEFs), it's this: always demand a discount.
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Market Volatility Ticks Higher In Advance Of Possible Government Shutdown AI darling, Nvidia, is down almost 17% from its high of nearly $503/share.
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Will Bristol Myers Squibb Stock Rebound To Its Pre-Inflation Shock Level Of $80? Returning to the pre-inflation shock level of over $80 means that BMY stock will have to gain more than 35% from here, and we think it will likely materialize over time.
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At $420, What Are The Risks For Nvidia Stock? Technology companies and developers have been rushing to deploy generative artificial intelligence into their applications following the success of OpenAI's ChatGPT ch...
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JPMorgan Chase Settles Jeffrey Epstein Lawsuit For $75 Million - Stock Dives In Response JPMorgan Chase has already paid out $290 million this year to Epstein's victims, in a class action civil suit that was filed along similar lines
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Amazon's Own Track Record Undercuts the FTC's Case

Wall Street Journal - 27 Sep 2023 13:00
Thin profit margins and growing competition don't support monopolist charge.
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Should You Pick Starbucks Over 3M Stock For Next Three Years? Looking at stock returns, both have underperformed vis-a-vis broader markets amid slowing economic growth.
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Costco Keeps Members and Investors Guessing

Wall Street Journal - 27 Sep 2023 12:30
The beloved retailer is doing just fine but appears to be taking a cautious view on consumers.
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Fractional shares will let small investors buy big stocks Embracing fractional thinking might be straightforward in arithmetic but poses regulatory challenges in company law and taxation. Nonetheless, adopting this approach could level the playing field for India's retail inves...
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Amgen Could Get a Piece of the Obesity Market

Wall Street Journal - 27 Sep 2023 12:00
Amgen has a couple of shots on goal to break into one of the biggest markets the pharmaceutical industry has ever seen.
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Will Wynn Stock Recover To Pre-Inflation Shock Highs Of $140? The stock has been impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to China's stringent Covid-19 restrictions which hurt ...
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Old Mutual Shares Rise As Insurer Announces HY Results, Tips Sales Increases The South Africa-focused company announced a 14% rise in first-half sales, as economic conditions in its core market improved.
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