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Market News

Location American Market News for 27 October 2021
3 Common Misconceptions About Trust Fund Kids The term "trust fund kid" may summon thoughts of the rich kids of the internet, you know, chartering private planes and driving (or, rather, not driving) their falcon-winged Teslas. But trust funds aren't only for ridicu...
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AMD has benefitted from a surge in electronics sales as its central processors and graphics processors power PCs, servers, and game consoles.
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Evercore Names John Weinberg Sole CEO

Wall Street Journal - 27 Oct 2021 05:00
Co-CEO Ralph Schlosstein will step down in February after 13 years.
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SEC Won't Approve Leveraged Bitcoin Fund, Source Says

Wall Street Journal - 27 Oct 2021 23:42
The regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now.
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CFTC Chief Says Recent Crypto Cases Are 'Tip of the Iceberg'

Wall Street Journal - 27 Oct 2021 23:32
Acting Chairman Behnam urges Congress to consider expanding the agency's ability to oversee cryptocurrency markets.
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Mimecast Explores Options Including a Possible Sale

Wall Street Journal - 27 Oct 2021 22:46
The cybersecurity-company makes cloud-based software that protects business email from cyber threats and data leaks and allows service to continue to function in the event of an attack.
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S&P 500 Falls From Record High But Remains On Track For Its Best Month Since 2020 Stronger-than-expected earnings results so far have helped to push stocks to record levels in recent days.
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Ford Motor reported earnings after the bell. Here are the results.
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Sorry, I'm Still Bearish - Unless This Happens Speculative frenzy has seemingly gripped markets again. The S&P 500 is back at all-time highs. TeslaTSLA, now a trillion-dollar company, is swinging more wildly than 9-year-old me trying to get onto first base in T-ball....
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Fed May Look To Tapering To Help Solve Inflation And Supply Chain Problems Leaves are falling, but stocks have been rising; Will the Fed's tapering blow the rebound?
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Microsoft's New Normal Will Need to Stick

Wall Street Journal - 27 Oct 2021 21:04
A strong streak of growth and operating profit gains haven't been seen in nearly two decades, but the stock's valuation sets a new, high bar.
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Things to check before buying a deferred annuity plan The scheme offers regular income after retirement, but there are caveats
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Mint50: Top mutual fund schemes to invest in

livemint.com - 27 Oct 2021 20:43
Mint50: Top mutual fund schemes to invest in Match your investment horizon to the debt fund category you pick Pick 8-10 schemes and revisit them every year to keep your portfolio balanced and in tune with your goal
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Key factors that investors must consider when going for ETFs Since the start of the current financial year, fund houses have launched a total of 11 ETFs in the Indian market
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Justice Department Probes Visa's Fintech Relationships

Wall Street Journal - 27 Oct 2021 20:20
Antitrust investigators are scrutinizing financial incentives Visa gave to Square, Stripe and PayPal.
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How Much Larry Ellison Has Made On Tesla Stock Billionaire Oracle cofounder Ellison made a nearly $1 billion bet on Tesla stock in 2018. Here's how that bet has paid off so far.
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Is It Time To Bet On Editas Stock's Next Leg Lower? It's been a volatile year for Editas Medicine (EDIT).
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Can Sirius XM Stock Trade Higher Post Q3?

Forbes - 27 Oct 2021 19:00
Can Sirius XM Stock Trade Higher Post Q3? The company reported 31.4 million self-pay subscribers (as of June 2021) - who are paying for premium radio despite so many connected cars having access to unlimited free or almost free alternatives.
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What Has Dragged AMC Entertainment Holdings Stock Down 14% In A Week? AMC Entertainment Holdings Inc stock (NYSE: AMC) fell more than 14% in just the last one week and has completely underperformed the S&P 500 which was up 2%.
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Rent the Runway Jumps in Public Market Debut

Wall Street Journal - 27 Oct 2021 18:41
The clothing-rental company had 112,000 active subscribers at the end of September, compared with 134,000 at the end of 2019.
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Third Point Urges Shell to Split After Taking Big Stake

Wall Street Journal - 27 Oct 2021 18:38
The activist hedge fund, with a stake worth well over $500 million, is pushing the oil giant to separate into two companies to attract investors as many flee stocks seen as environmentally unfriendly.
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Is Cinemark Holdings Stock Undervalued At $20? Cinemark Holdings stock (NYSE: CNK) which currently trades at a little over $20 per share, almost 40% below its level at the beginning of 2020, seems like a good investment option.
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