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Market News

Location American Market News for 7 October 2023

The Oil Patch Is Primed for an Era of Megadeals

Wall Street Journal - 7 Oct 2023 06:16
A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.
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Inflation Is Over - What Comes Next?

Forbes - 7 Oct 2023 18:41
Inflation Is Over - What Comes Next? The latest figures show that inflation has been "tamed." In fact, they signal that deflation may be looming. Hard to tell - because the std economic models are broken.
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Stock Funds Trudge Into Second Half

Wall Street Journal - 7 Oct 2023 18:00
The average U.S.-stock fund declined 3.9% in the third quarter.
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Our 10.1% Dividend Strategy For Weathering This Fall Pullback It's been almost two years since stocks last hit all-time highs, and the S&P 500 is still sitting some 11% below the peak!
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5 Dividend Growth Stocks To Watch This Quarter The safest dividend is usually the one that was just raised. Recession or no landing, bull or bear, these payers don't care.
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Regarding NextEra

Forbes - 7 Oct 2023 14:00
Regarding NextEra Here's an update to clear up where things stand regarding NextEra and the postponing of a planned "drop down" of assets to its affiliate NextEra Energy Partners.
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Billions went to personal loans, luxury real estate and donations.
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Retirement Is a Time to Downsize---and Not Just Stuff

Wall Street Journal - 7 Oct 2023 11:30
On the one hand, we're systematically labeling which things to get rid of, and when. But we're also downsizing our ambitions.
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After HDFC Bank, Yes Bank cuts fixed deposit rates. Latest FD rates here Yes Bank cuts FD rates: After the revision, the bank offers interest rates between 3.25% to 7.25% to general citizens, and 3.75% to 8% to senior citizens on FDs maturing in seven days to ten years
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FTX: Should Sam Bankman-Fried Be Prosecuted For Credit Fraud? FTX founder Sam Bankman-Fried is on trial this week for committing or conspiring to commit wire fraud, securities fraud and money laundering. What about credit fraud?
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