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Market News

Location American Market News for 21 November 2023
4 Best High Yield Dividend Stocks For Retirement Portfolios Looking to maximize dividend income in your retirement portfolio? Here are four high-yield dividend stocks for retirement.
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This Big Tax Mistake Could Cost You $70,000 In Retirement Income Let's debunk a CEF myth called "return of capital," or ROC, that has caused many investors to miss out on the sustainable high income streams these funds offer.
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Up 10% In The Last One Month, What's Next For Morgan Stanley Stock? Morgan Stanley's stock (NYSE: MS) has lost roughly 6% YTD, as compared to the 18% rise in the S&P500 over the same period.
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Abercrombie & Fitch, known for its "quiet luxury" assortment, blew past estimates again and raised its full-year guidance.
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Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway.
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Tech Stocks Sink Ahead of Nvidia Earnings

Wall Street Journal - 21 Nov 2023 23:27
Shares of Best Buy and some other retailers were down as stores grappled with unpredictable demand heading into the holiday season.
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Macerich Breaks Above 6% Yield Territory

Forbes - 21 Nov 2023 22:44
Macerich Breaks Above 6% Yield Territory In trading on Tuesday, shares of Macerich were yielding above the 6% mark based on its quarterly dividend (annualized to $0.68)
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IRS Delays Tax Rule for Online Sellers---Again

Wall Street Journal - 21 Nov 2023 21:12
The tax agency warned of headaches for users of eBay, Venmo and Ticketmaster if it had started enforcing the new Form 1099-K rules.
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The chief executive of the largest global cryptocurrency exchange plans to plead guilty to violating criminal U.S. anti-money-laundering requirements.
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Does a non-resident have to pay tax on sale of property in India? As a non-resident, you are required to pay tax on the sale of the ancestral property in Mumbai, similar to a resident.
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Why NPS should be part of your retirement portfolio

livemint.com - 21 Nov 2023 20:39
Why NPS should be part of your retirement portfolio Tax sops, periodic withdrawals are beneficial for National Pension Scheme subscribers.
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What To Expect From Nvidia's Earnings Today

Forbes - 21 Nov 2023 19:39
What To Expect From Nvidia's Earnings Today Nvidia is scheduled to report earnings after Tuesday's close. Here is a closer look at what the Street is expecting
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The possible deal is one of at least two multibillion-dollar acquisitions the buyout giant could strike in Europe over the coming days.
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Dick's Sporting Goods posted earnings and sales that beat Wall Street's estimates after its stock plummeted in the prior quarter over theft concerns.
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With Inflation Easing, Could SunPower And Solar Sector At Large See Better Times? Our theme on Solar Stocks - which includes solar panel manufacturers, systems installers, and component suppliers - has declined by about 54% year-to-date in 2023, com...
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Lowe's cut its full-year sales and earnings outlook as it said homeowners were taking on fewer do-it-yourself projects.
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The Big Bank With a $15 Billion Conundrum in China

Wall Street Journal - 21 Nov 2023 14:10
HSBC has a big stake in a Chinese lender that it can't easily sell and that could require a big write-down.
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Down 16% This Year Amid A Weak Demand In The U.S., What Lies Ahead For Ericsson Stock? Ericsson stock (NASDAQ: ERIC) has declined by about 16% year-to-date, underperforming the broader indices.
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Warren Buffett Is Going Big, Not Home, in Japan

Wall Street Journal - 21 Nov 2023 13:49
The Nikkei touched a 33-year high as a move by Buffett stirred speculation that he might increase his bet on Japanese equities.
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GM's Driverless Taxis Need to Slow Down

Wall Street Journal - 21 Nov 2023 13:31
A more cautious approach can rebuild trust, but will also threaten the commercial promise that kept robotaxi venture Cruise on the road financially.
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4 investing principles that Jeremy Siegel shares with his readers and students Jeremy Siegel has formulated his investment principles based on the belief that stocks consistently outperform other asset classes over prolonged periods.
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Why Javier Milei's Victory In Argentina's Presidential Election Is Great News Finally! Some splendid economic news from, of all places, Argentina. Here's why this is of global significance.
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