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Market News

Location American Market News for 1 October 2021
Not Raising The Debt Limit Puts $90 Billion For Infrastructure And Other State Programs At Risk If Congress fails to suspend or raise the national debt limit, it could have a trickle-down effect that would put nearly one-quarter of state spending at risk.
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Apple Is Set-Up For Another Record Quarter

Forbes - 1 Oct 2021 05:01
Apple Is Set-Up For Another Record Quarter It appears Apple's iPhone 13 is off to a strong start, which will drive another quarter of 30% or higher revenue growth.
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Americans' Spending Tracks Covid-19 Once Again

Wall Street Journal - 1 Oct 2021 17:40
A peak in the Delta wave coincided with an uptick in consumer spending, though it might not be smooth sailing as temperatures drop.
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Ready to Tap Your Retirement Fund? Here's How to Get Started.

Wall Street Journal - 1 Oct 2021 18:00
Ask Encore: All withdrawal strategies have their advantages and disadvantages. It's important to understand them.
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Lumber Prices Stage a Late Season Rally

Wall Street Journal - 1 Oct 2021 14:00
Lumber prices are rising again, with futures up almost 40% since late August, in a sign of how some of this year's surge in the price of raw materials is lingering.
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Chinese Opportunity: Evergrande Won't Be A Lehman Moment The way China is handling the Evergrande situation is pro-capitalist and suggests now might be the time to buy into Chinese equities more broadly.
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Dow Rallies Nearly 500 Points After Merck's Covid Pill 'Injects Life' Into Slumping Stocks The pharmaceutical giant soared 10% on Friday, helping the Dow reverse massive losses from its down week.
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The words employees use to describe their companies on anonymous review sites could serve as an early warning of trouble ahead.
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The Biden administration is considering ways to impose bank-like regulation on the cryptocurrency companies that issue stablecoins, according to people familiar with the matter, including prodding the firms to register a...
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Building Technology To Protect The Cannabis Supply Chain While some may still be looking for an "Apple of weed" or "the Uber for cannabis," early entrepreneurs in the cannabis industry - and especially in the cannabis tech space - know that day may never come. Instead, they ha...
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Debt Ceiling And A Growing List Of China Woes Continue To Weigh On Investors The S&P 500 closed below the 100-day moving average to end Q3, should investors be afraid in October?
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When Interest Rates Turn the Corner

Wall Street Journal - 1 Oct 2021 17:12
Forty years ago marked the start of a bull market in bonds that would last for decades. No one saw it coming.
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YES Bank lowers home loan rates. Check how it compares with other banks YES Bank has unveiled a festival offer, under which customers can get loans at 6.7% per annum
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Merck's Covid-19 Drug Is a Boon for Wall Street

Wall Street Journal - 1 Oct 2021 16:49
The strong data for Merck's experimental Covid-19 antiviral treatment has rejuvenated the company's stock price and could jump-start the moribund biotech sector.
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Down 7% Over The Last Week, Is It Time To Buy Snowflake Stock? Snowflake stock declined by roughly 7% over the last week (five trading days) compared to the S&P 500 which fell by around 1% over the same period. Although there hasn't been any notable company-specific news from Snowfl...
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Thai Billionaire Sarath Ratanavadi's Gulf Energy In Data Center Tie Up With Singtel Gulf Energy said Friday it has signed a memorandum of understanding with telecom giant Singtel to explore the development of a data center business in Thailand and tap the pandemic-induced demand for the digital infrastr...
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Down 30% Since IPO, Is Coinbase Stock Finally Worth A Look? Coinbase stock declined by about 8% over the last week (five trading days) compared to the broader S&P 500 which fell about 1% over the same period. While the recent sell-off is driven by macro factors such as rising bon...
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The Biggest Mistakes People Make With IRA Rollovers

Wall Street Journal - 1 Oct 2021 16:00
As the number of rollovers increases, so does the number of mistakes. And they can cost savers a lot of money.
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With Five9 Deal Dead And Covid-19 Cases Down, Can Zoom Grow Faster? Zoom is forecasting 31% top line growth (down from 191% in Q1). No wonder its stock is down some 56% from its peak last October.
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Bitcoin and other cryptocurrencies jumped suddenly, a day after Federal Reserve Chairman Jerome Powell said the U.S. didn't have plans to ban cryptocurrencies.
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Is The Selling In Editas Stock Overdone?

Forbes - 1 Oct 2021 15:00
Is The Selling In Editas Stock Overdone? The stock price of Editas plunged 19% in yesterday's trading session after the company shared interim data for its EDIT 101 - a CRISPR-based treatment for Leber congenital amaurosis. The data showed that out of three dos...
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Amidst FDA Crackdown On Vaping, How Is Altria Stock Performing? Despite belonging to a largely stable defensive tobacco industry, Altria stock (NYSE: MO) dropped 3% in the last one month and currently trades close to $49 per share. The recent decline was driven by the FDA increasingl...
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