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Market News

Location American Market News for 16 October 2023
Navratri 2023: Five reasons to buy a house this festive season. Know here Experts list out reasons to buy your dream house this Navratri 2023
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Retail Investors Have Been Burned, Should Startups Be Using AI To Get Them Back? With the rapid expansion of AI investing capabilities, can startups to offer investment solutions that finally level the playing field?
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How Evergrande's Chief Tried to Turn Things Around---and Failed

Wall Street Journal - 16 Oct 2023 03:00
Hui Ka Yan, once one of the world's richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer's collapse a bigger problem for the country's slumping housing ma...
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Activist Builds News Corp Stake, Plans to Seek Changes

Wall Street Journal - 16 Oct 2023 01:00
Starboard believes the media company trades at a significant discount due to its structure.
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The former FTX engineering director said he committed crimes alongside Sam Bankman-Fried.
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Stocks Rise, While Bond Prices Decline

Wall Street Journal - 16 Oct 2023 22:21
Gold and oil prices slip as traders watch Israel-Hamas situation, earnings reports.
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Dow Rises 300 Points--But Big Losses Will Dash Earnings Season Cheer, Morgan Stanley Warns The Dow rose to its highest level of the month thanks to big banks bashing earnings.
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Schwab Sees Potential Inflection Point to Cash Outflows

Wall Street Journal - 16 Oct 2023 20:50
Key deposits creep up in September after falling for over a year.
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Dow Rises 320 Points--But Big Losses Will Dash Earnings Season Cheer, Morgan Stanley Warns Earnings season seemingly got off to a hot start, but Morgan Stanley says stocks will slide without material changes to profit forecasts.
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Can I remit more than $250,000 abroad?

livemint.com - 16 Oct 2023 18:02
Can I remit more than $250,000 abroad? Under LRS, a resident individual is allowed to remit up to $250,000 per financial year for any permitted current or capital account transaction or a combination of both.
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Moderna Becomes Oversold

Forbes - 16 Oct 2023 17:58
Moderna Becomes Oversold In trading on Monday, shares of Moderna entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $90.18 per share.
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The true cost of international transactions

livemint.com - 16 Oct 2023 17:57
The true cost of international transactions When receiving payment for your services in foreign currency, processing charges can range from 2% to 10% of the transaction amount.
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Is Guess Stock A Buy At $21?

Forbes - 16 Oct 2023 16:00
Is Guess Stock A Buy At $21? As a general protective move to shore up inventory, the retailer ordered products earlier than normal to deal with supply chain headwinds.
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The Middle East, Economic Data And Earnings

Forbes - 16 Oct 2023 15:06
The Middle East, Economic Data And Earnings As we kick off this week, there are any number of potential pockets of turbulence from the geopolitical situation; domestic politics, where we still have no Speaker of...
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What To Expect From Intel's Q3 Results?

Forbes - 16 Oct 2023 15:00
What To Expect From Intel's Q3 Results? We expect revenue for the quarter to come in at about $13.5 billion, in line with consensus estimates.
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Which Is A Better Pick - Abbott Stock Or Amgen? There is more to the comparison, and in the sections below, we discuss why we believe ABT will offer better returns than AMGN in the next three years.
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Microsoft's $69 Billion Activision Blizzard Acquisition Finally Approved As part of the concessions made with the CMA, Microsoft will spin off the cloud gaming assets division to Ubisoft
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8 best aggressive hybrid funds to invest in 2023

livemint.com - 16 Oct 2023 13:04
8 best aggressive hybrid funds to invest in 2023 Aggressive hybrid funds invest 65 to 80% of their assets in equity & equity-related instruments and the rest 20-35% is invested in debt instruments. In the past five years, Quant Absolute Fund beat the benchmark index wi...
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Should You Pick MGM Resorts Over Boston Scientific Stock For Better Returns? Given its better prospects, we believe MGM Resorts stock (NYSE: MGM) is a better pick than Boston Scientific stock (NYSE: BSX).
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Memory-Chip Stocks Can Ride the AI Gravy Train, Too

Wall Street Journal - 16 Oct 2023 12:15
Memory-chip prices could finally rebound soon. Meanwhile, SK Hynix and Samsung are benefiting from the artificial-intelligence boom, too.
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What Defense Stocks Are Saying about a More Violent World

Wall Street Journal - 16 Oct 2023 12:08
The bloody attack on Israel and inevitable retaliation have turned defense stocks into a gauge of the geopolitical risks perceived by financial markets. For now, it is flashing amber rather than red.
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Stocks This Week: Buy Manhattan Associates And Adobe This is option expiration week in the month of October. The S&P 500 has typically risen in this week. The following week has been bearish.
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