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Market News

Location American Market News for 13 October 2021
Navient Got $391 Million Contract To Service Your Student Loans, But Other Servicers Got Nearly $2 Billion What this means for your student loans.
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This Oil and Gas Road Map Could Lead Planners Astray

Wall Street Journal - 13 Oct 2021 12:03
The International Energy Agency's latest World Energy Outlook is a rallying call for politicians to act on climate change but its projections illustrate why the coming transition could be full of potholes.
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President Biden hasn't nominated a successor to oversee financial regulation.
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ESG Funds Easier for 401(k)s to Buy Under DOL Plan

Wall Street Journal - 13 Oct 2021 23:51
The Department of Labor proposal would reverse a Trump administration measure making it harder to offer investments based on environmental, social and governance factors.
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Snap Stock's Rally Could Have Legs

Forbes - 13 Oct 2021 22:06
Snap Stock's Rally Could Have Legs Social media giant Snap (SNAP) has had a notable year, boasting a roughly 50% lead since the start of 2021.
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5 Ways To Be Less Freaked Out About Your Finances If your finances freak you out, first find solace in knowing that you're not alone.
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Binance Coin Rallies After World's Largest Exchange Announces $1 Billion Growth Fund Binance coin rose in value recently, pushing higher after Binance revealed the creation of a $1 billion fund to help fuel greater adoption on Binance Smart Chain, as well as in the broader blockchain industry. Analysts w...
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'Even the Chinese government does not want another Lehman type of situation' It is very difficult to guess how fast or how slow the rate hikes are going to be. But for sure, the rate hikes are coming, says Jinesh Gopani, head of equity, Axis MF
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Set your finances in order before welcoming your baby home The financial implications of childbirth should be carefully calibrated
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Inflation Data Pushes Treasury Yields Closer Together

Wall Street Journal - 13 Oct 2021 19:16
The gap between yields on shorter- and longer-term Treasury yields narrowed Wednesday after new data showed consumer prices accelerated slightly last month.
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The new policy outlined by SEC enforcement chief Gurbir Grewal would break from the pattern of allowing companies and individuals to settle probes without admitting or denying the agency's allegations.
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JPMorgan Shows Why Bank Stocks Are Stuck in Neutral

Wall Street Journal - 13 Oct 2021 18:45
The bank's strong foundation was resilient during a turbulent third quarter, but that might not be enough to drive stock-price gains.
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Think You Can Predict Inflation? Think Again

Wall Street Journal - 13 Oct 2021 17:54
The scope for error is huge in forecasting U.S. inflation, even if you think you know how the pandemic will progress.
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PC Makers Banking on a New Normal

Wall Street Journal - 13 Oct 2021 17:03
Dell and HP see the adoption of hybrid work arrangements widening the market for computers and related hardware and industry analysts agree that long-term sales are unlikely to slip back to pre-pandemic levels.
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JPMorgan Misses On Revenue As It Kicks Off The Third Quarter Earnings Apple distracts from the Financial sector's earnings announcements and CPI report with production woes that are hitting its suppliers
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What's Happening With Robinhood Stock?

Forbes - 13 Oct 2021 16:15
What's Happening With Robinhood Stock? Robinhood Markets is best known as a zero-commission brokerage app that Millennials turned to, to cash in on the soaring Covid-19 stock market and to ride the meme stock wave. However, Robinhood stock which was listed in...
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Delta's revenue and earnings topped Wall Street estimates.
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Tata Motors Raises $1 Billion From TPG For Electric Vehicles Unit Tata Motors has reached a deal to raise about $1 billion by selling a stake in its electric-vehicle business to a TPG fund and other investors.
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3Q21 Earnings: Where The Street Is Too Low & Who Should Beat Unprecedented insights into why Street Earnings provide a flawed picture of earnings, and five S&P 500 companies likely to beat 3Q21 Street EPS estimates.
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A Better Pick Than Johnson Controls Stock?

Forbes - 13 Oct 2021 15:30
A Better Pick Than Johnson Controls Stock? We think that Emerson Electric stock currently is a better pick compared to Johnson Controls stock, despite Emerson Electric being more expensive of the two. Emerson Electric trades at about 3.2x trailing revenues, compa...
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Does Bitcoin's Rally To $57K Make Coinbase Stock More Attractive? Coinbase stock (NASDAQ: COIN) has gained almost 11% over the last week (five trading days) considerably outperforming the S&P 500, which was up by just about 1% over the same period. The gains are likely driven by the re...
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Stock Market Optimism Deteriorates - What's Next? "Temporary" adversities are extending their stay and undermining bullishness
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