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Market News

Location American Market News for 25 October 2021

The irrational exuberance in crypto markets

livemint.com - 25 Oct 2021 20:37
The irrational exuberance in crypto markets Irrational exuberance drives investors to massively overestimate asset values
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Casual-dining stocks such as Chili's owner Brinker International are logging a major hit to profits from food and labor costs even with a rebound in dining but should be able to pass more of it through in the future.
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Prepare for Propane Sticker Shock

Wall Street Journal - 25 Oct 2021 11:30
Exports have drained domestic supply ahead of heating season and prices have surged.
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Facebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed estimates.
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Is it a good decision to add a co-applicant to your home loan? Improves loan eligibility: Lenders consider several factors while evaluating home loan applications, chief among them being income, credit score, credit profile and equated monthly instalment (EMI) affordability
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External income of RNORs is not taxable

livemint.com - 25 Oct 2021 20:37
External income of RNORs is not taxable To find out whether your income shall be taxed in India, you need to establish your residential status as per the Income Tax Act of India for the relevant financial year
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Is it time to take a relook at gold funds?

livemint.com - 25 Oct 2021 20:37
Is it time to take a relook at gold funds? Holdings in Indian gold ETFs hit their highest level since Sep 2013, according to a World Gold Council report
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Returns on my investments

livemint.com - 25 Oct 2021 20:36
Returns on my investments A person's portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products
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Argentine Stocks Continue To Surge After The PASO Primaries Eyeing 2023 The campaign for the primaries ended sloppily, with candidates responding to both major coalitions appealing to basic concepts tied to things like sexual intercourse and marijuana in order to "appeal to the youth vote" -...
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Banks will be able to issue debit or credit cards that let people pay with bitcoin and earn cryptocurrency as rewards.
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AmEx Gets Younger, More Blue Collar

Wall Street Journal - 25 Oct 2021 19:00
American Express reported jumps in spending among Gen Z and millennial consumers and small businesses, helping it defy the recent doubts about cards.
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Blackstone veteran John McCormick told the firm last week he had decided to resign. Joseph Dowling will become sole head of Blackstone Alternative Asset Management, the world's largest funds-of-hedge-funds business.
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The financial firm and its fund unit say they won't comment further on Ramon de Oliveira's resignation. Equitable replaces him with director Joan Lamm-Tennant.
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Evergrande Doesn't Cloud HSBC's Sunny Forecast

Wall Street Journal - 25 Oct 2021 17:28
The bank's $2 billion buyback shows its confidence that it will capture Asian growth and be insulated from any Evergrande default and wider real estate fallout.
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Mastercard Debuts New Partnership To Help Banks Offer Crypto Credit Card Rewards Shares of the digital wallet company tapped for the move skyrocketed more than 80% after the announcement.
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The New Fed Board Could Be Even More Dovish

Forbes - 25 Oct 2021 17:09
The New Fed Board Could Be Even More Dovish Jeff Schulze of ClearBridge Investments examines our current market envrionment and how a new Fed Board could prove to be more dovish than the prior.
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Earnings Preview: What To Expect From UPS On Tuesday United Parcel Service -UPS - is scheduled to report earnings before Tuesday's open. Here's a closer look.
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Cash Dividend On The Way From ConocoPhillips On 10/27/21, ConocoPhillips will trade ex-dividend, for its quarterly dividend of $0.46, payable on 12/1/21.
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Earnings Preview: What To Expect From Facebook Today Facebook Inc. is scheduled to report earnings after Monday's close. Here is a closer look.
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Marvell, Teradyne: Are 5G Stocks Worth A Look Despite Near-term Headwinds? Our indicative theme of 5G Stocks - which includes U.S.-based companies that stand to benefit from the ongoing transition of the wireless industry to 5G - is up by about 19% year-to-date, marginally underperforming to th...
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Consumer Discretionary And Financials Led S&P 500 Last Week While Energy Lags A big week of earnings lays ahead as Big Tech dominates the week which have the potential to move markets
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What To Expect From Facebook's Quarter?

Forbes - 25 Oct 2021 16:00
What To Expect From Facebook's Quarter? Facebook's stock is scheduled to report its fiscal Q3 2021 results on Monday, October 25. We expect FB to beat the consensus estimates for revenues and earnings. The company has reported better than expected revenue and ...
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