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Market News

Location American Market News for 29 September 2023
Anheuser-Busch Stock Notches Best Day Of 2023 -- Analysts Say Stock Will Climb Despite Bud Light Backlash Anheuser-Busch stock can rally back to where it sat before the Dylan Mulvaney controversy, according to Bank of America analysts.
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Bond Yields Up, Stocks Down. But Something's Missing.

Wall Street Journal - 29 Sep 2023 15:00
Even with the recent pullback in equities, they still don't look like a great buy.
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Export Bans By Top Suppliers Help Raise Global Prices Of Rice And Diesel Export bans by the top suppliers of both commodities have hit rice and diesel fuel markets, temporarily raising global prices.
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Dan Loeb's Hot Hand Goes Cold

Wall Street Journal - 29 Sep 2023 11:30
Hedge fund Third Point, after years of strong returns, has registered big losses after misreading the market. Now it faces a flood of customer withdrawals.
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Stocks Wrap Up Another Weak September

Wall Street Journal - 29 Sep 2023 22:39
The S&P 500 ends the worst month so far this year.
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Here are some of the major companies whose stocks moved on the week's news.
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Stocks Suffer Worst Quarter Of 2023 As Good Vibes Dry Out Big tech's $438 billion decline drove Q3 losses, but there's some hope for bulls: the fourth quarter is historically by far the best stretch for stocks.
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Inflation Steps Back on the Gas

Wall Street Journal - 29 Sep 2023 18:52
In theory, the Fed shouldn't worry about rising fuel costs--but they are difficult to ignore.
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Africa-Focused Afentra Poised For Multimillion Dollar Returns From Shallow Water Oil Exploration London-listed energy independent's earnings are predicated on revitalizing mature and untapped West African oil plays likely to yield it $50 million a year in revenue.
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An Investor's Guide To Government Shutdowns

Forbes - 29 Sep 2023 17:24
An Investor's Guide To Government Shutdowns In fact, the U.S. Congress has the nation on track for yet another one, which could be triggered on October 1st, barring any last-minute deals.
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Winning In Court Isn't Everything For Biden's Antitrust Regulators President Biden's antitrust regulators are taking on tech giants, but victory in court is not the only way for them to win.
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Pension Funds Go Cold on Private Equity

Wall Street Journal - 29 Sep 2023 17:00
Long-term commitments look less appealing with bond yields up sharply.
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3 Top Undervalued Stocks To Watch: October 2023 We are in what is historically considered the slow season of the investing world, but there are still opportunities for value-minded investors willing to turn over a rock or two. Here are three undervalued stocks to cons...
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Bonds Track Toward Another Year of Dismal Returns

Wall Street Journal - 29 Sep 2023 16:00
Wall Street's hopes for a rebound in bond prices are being dashed by a resilient economy.
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Inflation In Line With Expectations And Positive Nike News It's been a tough quarter for investors, with interest rates soaring to levels not seen in over a decade.
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Stocks Head For Worst Quarter Of 2023 As Good Vibes Dry Out Big tech's $475 billion decline drove Q3 losses, but there's some hope for bulls: the fourth quarter is historically by far the best stretch for stocks.
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Will Qualcomm Stock Return To Pre-Inflation Shock Highs Of Over $180? There have been some positive developments for the stock as well, with Qualcomm announcing earlier this month it had extended an agreement with Apple to supply modem c...
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Government hikes interest rate on five-year recurring deposit to 6.7% Interest rate on savings deposits has been retained at 4%, on one-year term deposit at 6.9%, on two-year and three-year term deposit at 7%, and on the five-year term deposit at 7.5%.
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Small savings rates steady till December, 5-year recurring deposit rate raised to 6.7%: FinMin The interest rate on both the two-year and three-year term deposits is 7 per cent while on the five-year term deposit, the rate is 7.5 per cent.
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Is FirstEnergy A Better Pick Than Verisign Stock? We believe FirstEnergy stock (NYSE: FE), an Ohio-based electric utility company, is a better pick than Verisign stock (NASDAQ: VRSN), given its better prospects.
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Javier Milei, Telepathic Conversations With Dogs (And God) A Troubled Youth, And The Issue Of Mental Health Increasingly there appears to be a sense that, if and when the Austrian economic school-obsessed economist makes it to the Casa Rosada, his policy plan coupled with an irascible temper will lead to an implosion of his ad...
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Nike Clears a Low Bar With Investors

Wall Street Journal - 29 Sep 2023 13:00
Manageable expectations and an attractive valuation set the stage for a post-earnings bounce
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