Market News
The Quiet Potential Of Biden's AI Executive Order
Forbes - 3 Nov 2023 19:17
Even though Biden's AI executive order does not directly regulate private industry, it could create de facto national standards for the technology.
DraftKings revenue jumps 57% as sportsbook leader grows customer base
CNBC - 3 Nov 2023 00:09
DraftKings reported 2.3 million monthly unique payers in the third quarter, representing a 40% increase year over year.
S&P 500 Clinches Best Week Since November 2022
Wall Street Journal - 3 Nov 2023 23:26
'Goldilocks' jobs report sparks investor optimism
The Big Question in Retirement: Who Am I Now That I'm Not Working?
Wall Street Journal - 3 Nov 2023 17:00
One of us is struggling with that question, trying to figure out an identity that doesn't revolve around work. And one of us has largely figured that out.
SKG Assets and Holdings launches SKG India Value Fund; details here
livemint.com - 3 Nov 2023 15:38
SKG Assets & Holdings recently launched the SKG India Value Fund. This represents SKG's strategic shift into asset management, with a focus on the small and medium-sized enterprise sector, it said.
Allison Transmission: Into Overdrive
Forbes - 3 Nov 2023 15:29
We continue to favor overlooked 'picks and shovels' companies with solid fundamentals trading at attractive valuations.
Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance
CNBC - 3 Nov 2023 15:22
Maersk, a bellwether for global trade, said it was facing subdued demand and inflationary pressures.
It's Been A Good Week For Stocks And Bonds
Forbes - 3 Nov 2023 15:20
We've seen a massive rally in bonds as interest rates tumbled this week.
Should You Pick Pfizer Stock At $30?
Forbes - 3 Nov 2023 15:00
Pfizer (NYSE: PFE) reported its Q3 results earlier this week, with revenues missing but earnings beating the street estimates, and we believe that PFE stock has ample ...
Labor Market Moderates from Torrid Pace Of Last Month
Forbes - 3 Nov 2023 14:59
The BLS jobs report for October shows a labor market that remains quite strong but is cooling from the torrid pace of growth reported for September.
Baroda BNP Paribas Small Cap NFO garners ₹1,103 crore: Report
livemint.com - 3 Nov 2023 14:26
The scheme reopened for investment on Wednesday. This is the seventh NFO by Baroda BNP Paribas Asset Management since the two entities merged in March 2022, said the report.
NFO Alert: Edelweiss Mutual Fund launches Edelweiss Gold ETF; all you need to know
livemint.com - 3 Nov 2023 14:16
Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF. The scheme opened for public subscription on November 02, 2023, and will close on November 06, 2023.
NFO Alert: All you need to know about newly launched DSP Gold ETF Fund of Fund
livemint.com - 3 Nov 2023 14:03
DSP Asset Mutual Fund announced the launch of the DSP Gold ETF Fund of Fund. The scheme opened for public subscription on November 03, 2023, and will close on November 10, 2023.
Citi to Cardholders: Go Paperless or Else
Wall Street Journal - 3 Nov 2023 14:00
The bank says it will block access to its app and site if customers refuse to switch to digital bills.
Microsoft Stock Is Up 45% YTD And Outperformed The Consensus In Q1
Forbes - 3 Nov 2023 13:00
Microsoft's stock (NASDAQ: MSFT) has gained approximately 45% YTD as compared to the 10% rise in the S&P500 index over the same period.
Restaurant Brands' revenue misses estimates, hurt by Burger King's underperformance
CNBC - 3 Nov 2023 12:55
Burger King parent Restaurant Brands International's quarterly revenue fell short of Wall Street's expectations.
Sam Bankman-Fried's Guilty Verdict Welcomed By Animoca's Yat Siu
Forbes - 3 Nov 2023 12:00
Sam Bankman-Fried, the founder of FTX, has been found guilty of stealing billions of dollars from the users of his crypto exchange.
Investors Aren't Buying Apple's New iPhone
Wall Street Journal - 3 Nov 2023 12:00
A subdued outlook indicates that investors' fears over the iPhone cycle and China aren't misplaced.
Bring Back Corporate Pension Plans. Seriously.
Wall Street Journal - 3 Nov 2023 11:30
Higher interest rates and a competitive labor market make the case to bring back a version of the classic retirement benefit.
Charlie Munger Muses on Investing
Wall Street Journal - 3 Nov 2023 11:30
"Why should he try and pick his own stocks? He doesn't design his own electric motors and his egg beater." Berkshire Hathaway's vice chairman on why most investors should stick with index funds, and other questions.
In the Long Run, Investing Is All About the Economy*
Wall Street Journal - 3 Nov 2023 11:30
*Aside from government debt and the Federal Reserve, that is.
Why do investors believe that small-cap, and mid-cap are good bets for the future?
livemint.com - 3 Nov 2023 10:06
With good trust, surplus funding, and strong financials, small and midcap companies are worth betting on in the stock market