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Market News

Location American Market News for 23 October 2023

There's Never Been a Worse Time to Buy Instead of Rent

Wall Street Journal - 23 Oct 2023 03:00
It is now 52% more expensive to buy a home than to rent one because of climbing mortgage rates.
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What's Next For Alaska Air Stock After A 24% Fall This Year And A Downbeat Q3? Alaska Air (NYSE: ALK) recently reported its Q3 results, with revenues and earnings falling below the street estimates.
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Stocks Tick Down After Treasury Yield Hits 5%

Wall Street Journal - 23 Oct 2023 22:24
Some bond investors saw buying opportunity in the 10-year yield's 16-year high.
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Should I use surplus to close education loan?

livemint.com - 23 Oct 2023 19:01
Should I use surplus to close education loan? Given the rate of interest of 9.5% on the education loan, you can exercise the option of prepaying a major portion of your loan that can reduce your EMIs in the future.
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Why inheritance planning needs to go global

livemint.com - 23 Oct 2023 18:57
Why inheritance planning needs to go global In today's interconnected world, it is very common for members of a family to be spread across the world.
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Is booking an Airbnb rather than hotels cheaper for you always? It is less expensive than a hotel room and beneficial if you stay for longer periods or share it with a group.
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Big Bank Layoffs Number Thousands - With More On The Way Almost all of the major banks in the U.S. have been quietly cutting headcounts, with some indicating during earnings season that more job losses could be on the way.
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Ozempic Maker Novo Nordisk Has a Weight Problem

Wall Street Journal - 23 Oct 2023 17:39
What happens when one company accounts for more than half of a stock index?
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Down 50% From Covid Highs, Will Verizon Stock Recover Post Q3 Results? We project that earnings will stand at $1.13 per share, compared to consensus estimates of $1.12 per share.
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Chevron and Exxon May Have Kicked Off an Oil Land Grab

Wall Street Journal - 23 Oct 2023 15:20
Few sizable targets remain in the most coveted U.S. shale basin after the oil supermajors' mega acquisitions, setting off a scramble for what is left.
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Reliance General Insurance unveils 'Reliance Limit Sure Pay As You Drive'; here are the details Reliance General Insurance introduces a dynamic car insurance solution in the form of its latest product, 'Reliance Limit Sure Pay As You Drive', offering a flexible approach to auto insurance.
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What To Expect From Halliburton's Q3 After Stock Up 10% This Year? In Q2 2023, HAL's North American revenue fell 2% quarter-over-quarter to $2.7 billion, driven primarily by decreased stimulation activity in U.S. land drilling.
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Kotak Mahindra Bank collaborates with NeSL to issue electronic Bank Guarantee; details here Kotak Mahindra Bank has unveiled a strategic partnership with National E-Governance Services Limited, marking the issuance of its inaugural electronic Bank Guarantee on the NeSL platform.
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Investor Doubts about China Worsen Its Stock Rout

Wall Street Journal - 23 Oct 2023 13:31
A major Chinese stock-market benchmark sank to its lowest level in more than four years, signaling deep pessimism among global and domestic investors in the country.
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NFO Alert: PPFAS Mutual Fund launches Parag Parikh Arbitrage Fund; all you need to know PPFAS Mutual Fund announced the launch of Parag Parikh Arbitrage Fund. The scheme opened for public subscription on October 23, 2023, and will close on October 27, 2023.
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Down 15% This Year Will Coca-Cola Stock Rebound After Its Q3? Earnings will likely come in at about $0.70 on a per-share and adjusted basis, slightly above the consensus estimate of $0.69.
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Bond Rout Drives 10-Year Treasury Yield to 5%

Wall Street Journal - 23 Oct 2023 12:56
A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years.
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Q4'23 Earnings Preview: Down 21% YTD Will Johnson Controls Stock Continue To Underperform? Earnings will likely come in at about $1.10 on a per-share and adjusted basis, also falling in line with the consensus estimate.
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Dumb Money? Everyday Investors Do Just Fine

Wall Street Journal - 23 Oct 2023 11:30
The average stock portfolio of individual investors has beat the S&P 500 since 2014.
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Smaller Banks Look to Shrink Their Way Back to Health

Wall Street Journal - 23 Oct 2023 11:30
Banks that are big but not huge, such as KeyCorp, Citizens and Truist, reported big profit declines.
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How SIP momentum is fuelling the mutual fund equity segment? Motilal Oswal explains Equity flow remains strong driven by SIPs, but gross flows have slowed due to Shraddha Paksha
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Unified Payments Interface: Why Made-in-India UPI is becoming a global favourite? Unified Payments Interface: Countries like Japan, Singapore, UAE, France, the UK, and more are keen to embrace the UPI model
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