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Market News

Location American Market News for 15 October 2021

Goldman Sachs Profit Rises on Deal Bonanza

Wall Street Journal - 15 Oct 2021 15:48
The Wall Street bank said third-quarter profit jumped 60% to $5.38 billion as its investment bankers had their second-best quarter on record.
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A New Way to Tackle This Market Moment

Wall Street Journal - 15 Oct 2021 17:00
Stocks are sky-high and bond yields are near zero. A strategy called "return stacking" can free up part of your portfolio to put to work in a quieter part of the investing world.
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Tether Hit With $41 Million Fine in Latest Crypto Crackdown

Wall Street Journal - 15 Oct 2021 20:31
The CFTC accused the stablecoin giant of falsely claiming that it backed each of its digital tokens with an equivalent amount of U.S. dollars. Tether said the issues have since been corrected.
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Goldman Sachs Has the Recipe for Long-Term Gains

Wall Street Journal - 15 Oct 2021 19:57
The bank's huge returns in deal making might not be sustainable forever, but across-the-board improvements to its overall business bode well.
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Tax filing service providers do brisk  biz  amid glitches  in  I-T site The Finance Act 2020 had introduced a new alternative regime with a lower tax rate without the benefit of tax deductions to individuals.
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Bitcoin Price Reaches $60,000 as Traders Anticipate ETF

Wall Street Journal - 15 Oct 2021 17:38
Bitcoin hit $60,000 for the first time since April as traders bet U.S. regulators will approve the first exchange-traded fund to track the cryptocurrency.
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Bitcoin Breaks Through $60,000, Building Momentum To Reach Fresh Highs Bitcoin exceeded the key, psychological price level of $60,00 for the first time in several months. Where will the digital currency go next? Several technical analysts offer their views.
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Heroic American Shoppers Braved High Prices, Low Inventory

Wall Street Journal - 15 Oct 2021 17:32
The key variable for retail sales going into the holidays seems to be the state of Covid-19 rather than what is on the shelves and how much it costs.
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What You Should Expect From a Financial Adviser

Wall Street Journal - 15 Oct 2021 17:00
They can be expensive. So it's crucial that you know what kind of help you should be getting from them.
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Thinking of redeeming investments during market highs? This is how much you may lose Investors who took the opportunity to invest during the low has gained tremendous returns for redeeming the same when the market was high 
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Goldman is the last of the six-biggest U.S. banks to report earnings.
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The Good And Bad: Omnicom Group And AppFolio Inc. See two of the featured stocks from this month's model portfolios.
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Write-Downs Near 15-Year Lows Post 2020 After taking large write-downs in 2020, S&P 500 companies are on pace to record the lowest amount of write-downs in 15 years.
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EA's Hot Season of Discontent

Wall Street Journal - 15 Oct 2021 13:03
The videogame publisher is heading into an anticipated record holiday season with questions hanging over two of its biggest franchises.
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Data Concerns Drag Down U.S.-Listed Chinese Brokers

Wall Street Journal - 15 Oct 2021 13:00
Shares in Futu and Up Fintech fell sharply, after Chinese state media said the country's tough new data-privacy laws would pose challenges for the online brokers.
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Oat Rally Hits Records Amid Drought

Wall Street Journal - 15 Oct 2021 13:00
Hot, dry weather has slashed farmers' bushels grown per acre, and in some places even the crops that grew failed to produce, crimping supplies and driving oat futures to all-time highs.
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China's Robinhoods Could Be Next in Beijing's Crosshairs

Wall Street Journal - 15 Oct 2021 12:59
Beijing's rising concerns over data security--and its increased skepticism of overseas listings--put China's previously highflying online brokers Futu and Tiger at risk
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Virgin Galactic shares were on a descent trajectory; Backing for Moderna's booster gave the stock a shot in the arm.
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Up 65% From This Year's Lows, It's Still Not Too Late To Buy Snowflake Stock Snowflake stock has rallied by almost 65% from the lows of early May 2021. The stock, also, now remains up by around 13% year-to-date, trading at about $312 per share. The rally comes on the back of stronger than expecte...
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What's New With Xpeng Stock?

Forbes - 15 Oct 2021 12:00
What's New With Xpeng Stock? Xpeng, one of the leading U.S. listed Chinese electric vehicles players, saw its stock price decline by almost 7% over the last 21 trading days. In comparison, the S&P 500 was down by about 3% over the same period. While...
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Petershill Partners is down 9% since its lackluster debut in London last month.
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Lots of Americans have suffered property damage from fires, storms and winter freezes this year. More generous write-offs for losses may be on the way.
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