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Market News

Location American Market News for 20 November 2023
Why converting purchases to EMIs may no longer get you a discount Banks push customers to convert their shopping purchases to EMIs but this carries interest and other charges.
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Not Just Microsoft: These Big Tech Stocks Also Just Hit Record Highs The Nasdaq is on pace for its fourth-best month in a decade, boosted Monday by more AI optimism.
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Can I buy property on behalf of my NRI son?

livemint.com - 20 Nov 2023 20:30
Can I buy property on behalf of my NRI son? Had your son been a resident similarly, you would have been allowed to purchase an immovable property in India.
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OpenAI Glitch Shows Weaknesses in Microsoft's AI Armor

Wall Street Journal - 20 Nov 2023 20:01
Hiring Sam Altman offsets some risk, but Microsoft's AI race still faces pitfalls.
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October CPI Report Offers Key Risk Management Lesson For Investors The October data sparked a positive reaction across the financial markets. Inflation is on a downward trend but the rate of change is decelerating.
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Latest CPI Report: Soft Landing Or Quiet Before The Storm? The October inflation data, reported last week, sparked a positive reaction across the financial markets.
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Citigroup Moving On to Next Phase of Reorganization

Wall Street Journal - 20 Nov 2023 18:52
Citigroup began making an extensive round of layoffs and organizational changes, part of Chief Executive Jane Fraser's efforts to streamline the bank.
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Wage Growth Is Not Now Inflationary

Forbes - 20 Nov 2023 18:38
Wage Growth Is Not Now Inflationary The Federal Reserve continues to believe that wage growth in the US is too high and contributing to inflation, according to Fed chair Jerome Powell.
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Despite Fed Concerns, Here's Why Wage Growth Should Be Allowed To Continue The Federal Reserve continues to believe that U.S. wage growth is too high and contributing to inflation, according to recent comments from Fed Chair Jerome Powell.
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Down 15% This Year, Where Is Best Buy Stock Headed Post Q3? We expect the retailer's stock to increase post-fiscal Q3 with revenues and earnings beating estimates slightly.
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After A 6% Rise This Month Should You Pick Medtronic Stock Ahead Of Its Q2? We expect Medtronic stock to trade sideways post-Q2 results announcement, with its revenues and earnings expected to miss the street estimates marginally.
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Down 27% This Year Will Mettler-Toledo Stock Recover To Pre-Inflation Shock Highs? Overall, the performance of MTD stock with respect to the index has been quite volatile.
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Two GOP Lawmakers Demand Records From FDIC

Wall Street Journal - 20 Nov 2023 16:00
Reps. Lisa McClain of Michigan and Andy Biggs of Arizona wrote to the FDIC's chairman that the agency "may have turned a blind eye to sexual harassment and discrimination within its staff."
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Stocks Continue Run Backed By Solid Fundamentals Worries over inflation appear to be subsiding as both commodity prices and interest rates are down substantially of late.
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Five 'Special Dividend' Stocks Yielding Up To 11.3% These are companies that pay each shareholder hundreds, thousands, even tens of thousands of dollars a year more than expected.
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Apple Had Better Watch Its Back in China

Wall Street Journal - 20 Nov 2023 15:30
Signals are finally getting stronger for the global smartphone market. Chinese handset makers like Huawei, which had been locked out of the race by U.S. sanctions, are dialing back in.
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Stocks This Week: Buy Synopsys And Broadcom

Forbes - 20 Nov 2023 15:00
Stocks This Week: Buy Synopsys And Broadcom The NASDAQ 100 and the technology sectors maintained their relative strength right through the autumn overall market decline. This strength is due to persist.
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Hydrogen Players Like Bloom Energy Have Had A Weak Year. What's Next? Our theme of Hydrogen Economy Stocks, which includes listed companies that sell hydrogen fuel cells, related renewable energy equipment, and supply hydrogen gas, has h...
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CoinDesk says former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee.
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Should You Pick Deere Stock At $380 Ahead Of Its Q4 Results? The U.S. farm income is also expected to decline 25% y-o-y in 2023 after seeing a sharp 31% rise in 2022.
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Unions Are So Hot Even Megabank Employees Are Trying to Join

Wall Street Journal - 20 Nov 2023 14:00
Workers at two Wells Fargo branches are expected to hold elections to decide whether to unionize.
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Up 45% Since The Beginning Of 2023, Where Is Apple Stock Headed? While Apple's Q4 FY'23 results published earlier this month were better than anticipated, revenue stood at $89.50 billion, marking a decline of about 1% versus last year.
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