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Market News

Location American Market News for 15 September 2021

Democratic Tax Proposal Takes Aim at ETFs

Wall Street Journal - 15 Sep 2021 17:29
Big money managers are bracing for a fight over Senate Finance Committee Chairman Ron Wyden's proposal.
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Solana Suffers Sharp Volatility After Network Becomes Flooded With Transactions Solana's sol token, which had been following a downward trend recently, fell to almost $140 this evening, down from more than $170 this morning. The digital asset pushed lower after Solana's network was overwhelmed with ...
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App Annie Settles SEC Fraud Probe Over Mobile-Data Product

Wall Street Journal - 15 Sep 2021 01:53
The company, which collects and sells mobile-app usage statistics, agreed to pay $10 million to settle a fraud investigation over how it disclosed its data practices to trading clients.
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China Goes Cold Turkey on Property

Wall Street Journal - 15 Sep 2021 14:45
If exports stumble or consumption doesn't pick up again promptly, Beijing may be forced to relent on its property curbs sooner than it would like.
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Fintech Startup Pagaya Nears $9 Billion SPAC Deal

Wall Street Journal - 15 Sep 2021 06:53
Pagaya would combine with the SPAC EJF Acquisition and uses artificial intelligence to improve lending and other financial processes.
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This 1 Thing Would Cut Student Debt in Half

Forbes - 15 Sep 2021 22:32
This 1 Thing Would Cut Student Debt in Half Here's what it means for your student loans.
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Ex-Cryptocurrency Fund Manager Sentenced to 7½ Years in Prison

Wall Street Journal - 15 Sep 2021 22:16
Stefan Qin had pleaded guilty to one count of securities fraud after prosecutors said he ran his $90 million Virgil Sigma Fund like a Ponzi scheme.
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Managing money vital for earnings from gigs

livemint.com - 15 Sep 2021 22:09
Managing money vital for earnings from gigs It takes discipline to handle the vagaries of earnings from the gig economy
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Expect Stock Market Volatility If Covid Cases Peak The roaring growth-stock trade that's been powering the S&P 500 since early summer looks vulnerable.
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There are better options than Ulips for investments

livemint.com - 15 Sep 2021 20:19
There are better options than Ulips for investments You could start a simple SIP in a portfolio with two funds. A low-cost index fund such as UTI Nifty index fund and a hybrid fund such as SBI Equity hybrid fund.
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Outperforming Bank Stock to Buy on the Dip

Forbes - 15 Sep 2021 20:05
Outperforming Bank Stock to Buy on the Dip Financial services name Bank of America (BAC) has pulled back on the charts, but is still outperforming the broader market.
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How Bond Investors Can Also Jump on the ESG Train

Wall Street Journal - 15 Sep 2021 20:02
Stock investors aren't the only ones who can put their money in socially responsible funds. Fixed-income investors now have options as well.
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It may take a little more work and research, but it's doable.
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Small ticket personal loans soar but not without delinquency risk Data from CRIF shows that lower loan ticket sizes are dominated by NBFCs on both volume and value metrics
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Up 70% From May Lows, Is Snowflake Stock Still Attractive? Snowflake stock lost roughly one-third of its value between January and mid-May, as investors pivoted away from growth stocks to cyclical names to play the Covid-19 re-opening. However, the stock has staged a strong come...
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BlackRock has the most ESG assets, thank to a blitz of new ETFs.
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Focus Turns To Microsoft, Goldman Sachs As Companies Make News, But Rising Crude Raises Eyebrows Microsoft and Goldman Sachs make big announcements and oil futures are climbing ahead of the crude oil inventories. Rising oil prices have some investors looking at alternatives.
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Cinemark Holdings Inc Ranked Among Today's Top Shorts Amid Rising COVID-19 Concerns, Inflation Fears, And More The Dow Jones was flat, the S&P 500 ticked up 0.2%, and Nasdaq rose 0.3%. Make the most of this market with today's Top Shorts from Q.ai's deep learning algorithms.
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Finding Paychex Stock Expensive? Why Not Consider Workday After losing 2.7% in the past month, Paychex stock looks fairly priced based on its current P/S multiple of 10.2x. However, the market is pricing Paychex's competitor Workday at a slightly higher P/S multiple of 11.7x. D...
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Littelfuse Stock Set For Bounce After Shedding 4% Last Week? The stock price of ​Littelfuse Inc. reached its 52-week high of $290 in the last month, but has since dropped from that level. Further, the stock fell 4% in the past week, to levels of around $272 currently, likely due...
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Warby Parker Direct Listing: See Through This Optical Illusion While I like Warby Parker's business model, I find the $3 billion valuation much too high for investors to expect a profit from investing in this listing.
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Zara Owner's Stock Has Shrunk in the Lockdown Wash

Wall Street Journal - 15 Sep 2021 15:05
The Spanish fast-fashion retailer seems to be finding it easier to impress shoppers than shareholders.
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