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Market News

Location American Market News for 31 October 2023
Bitcoin ETFs And The Path To Mainstream Adoption Bloomberg estimates there's a 90% chance that the Securities and Exchange Commission (SEC) will give the go-ahead to a spot Bitcoin ETF by January 10, 2024.
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Gold Demand Weakens In Q3 But Still Beats Historical Averages - World Gold Council Global demand (excluding over-the-counter (OTC) purchases) fell 6% during the third quarter, to 1,147 tonnes.
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AMD is one of the few chipmakers capable of making the kind of high-end graphics processing units (GPUs) needed to train and deploy generative AI models
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Stocks End October With Monthly Losses

Wall Street Journal - 31 Oct 2023 22:18
The S&P 500 advanced on the day, but finished the month lower as earnings-related selloffs like one at Caterpillar weighed on stock indexes.
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Waystar IPO Delayed Until December or 2024

Wall Street Journal - 31 Oct 2023 21:40
Waystar was set to launch its roadshow to pitch investors this week, but now is not expected to do so until December at the earliest, people familiar with the matter said.
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Investors are returning to hedge funds. That may be unwise Look beyond the current turbulence
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Nevermind Covid, Investors Want a Pfizer Obesity Pill

Wall Street Journal - 31 Oct 2023 18:35
The pharmaceutical company's silence on its oral obesity drug worries investors.
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Time for Indian securities markets to embrace the digital asset era Regulatory amendments are needed to pave the way for digital assets to become a reality.
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Is it necessary to register a will for it to be a valid document? A will made on a non-judicial stamp paper is valid subject to the fact the will is attested by at least two witnesses.
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Reliance SBI Card: From reward points to annual fee, all you need to know SBI Card and Reliance Retail have entered into a partnership to jointly launch Reliance SBI Card with two variants: Reliance SBI Prime Card & Reliance SBI Card.
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Cathie Wood's ARK Innovation Fund Retains Loyal Losers For Now Dismal performance doesn't deter fans
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Biden's New AI Executive Order Is Regulation Run Amok Biden's new AI executive order suffers from a classic "Ready! Fire! Aim!" mentality, jumping the gun with overly prescriptive regulations.
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Insurance companies to provide comprehensive policy feature details from January 1: Report IRDAI has updated the current customer information sheet to present essential information about the purchased policy in a more easily comprehensible manner.
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It is the second quarter in which the Bud Light controversy has hit U.S. performance at the world's biggest brewer.
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The results come two weeks after Pfizer slashed its full-year adjusted earnings and revenue guidance and launched a sweeping $3.5 billion cost-cutting plan.
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SBI Card joins hands with Reliance Retail for launch of 'Reliance SBI Card'. Details here SBI Card tied up with Reliance Retail for the launch of 'Reliance SBI Card'. The co-branded credit card comes in two variants, i.e. Reliance SBI Card, and Reliance SBI Card PRIME
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Up 36% This Year, Will Booking Holdings' Stock Rally Further Following Q3 Results? We expect the company's stock to likely trade higher with revenues and earnings beating market expectations marginally.
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Who's Left Out of the Latest Student-Loan Plan? Parents

Wall Street Journal - 31 Oct 2023 14:00
Parent Plus loan borrowers weren't included in the new income-driven repayment options.
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NFO Review: Should you invest in the newly launched Aditya Birla Sun Life Transportation and Logistics Fund? There is a lot of debate surrounding investments in thematic funds, especially, those related to transportation and logistics. Whether you should or should not invest in such funds depends on your risk profile and choice...
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IRDAI tells insurers to make insurance policies easily understandable via CIS. Details here The insurers are meant to make insurance policies simpler to understand for policy holders
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Coca-Cola HBC' Organic Sales Rise 15.3% in Q3 Organic sales rose 15.3% between July and September as demand for its energy and coffee drinks ripped higher.
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What's Next For Corning Stock After A 13% Fall In A Month? Corning (NYSE: GLW) recently reported its Q3 results, with revenues and earnings falling below the street estimates.
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