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Market News

Location American Market News for 29 October 2021

The Death of a Spouse Is Hard. Taxes Make It Harder.

Wall Street Journal - 29 Oct 2021 11:30
Beware of shifting tax brackets, retirement-account issues, and missed deadlines that can cost dearly. Emotional upheaval can collide with the need to make difficult decisions.
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Wayfair Stock Down 17% Over The Last Month. Time To Buy? Wayfair, an e-commerce marketplace that sells furniture and home goods, has seen its stock decline by almost 17% over the last month (about 21 trading days), compared to the S&P 500 which was up by almost 5% over the sam...
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Why Li Auto Stock Rallied 25% Over The Last Month Li Auto stock rose by almost 4.6% over the last week, compared to the broader S&P 500 which remained roughly flat over the same period. The stock also remains up by a solid 25% over the last month (about 21 trading days)...
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Amazon Stock Down 3.7% -- Split It Into Amazon Services And Products Amazon Investors should have the choice of owning a slow-growing money-losing product business or a rapidly-growing, profitable services one.
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SEC Seeks Testimony From Senator's Brother-in-Law

Wall Street Journal - 29 Oct 2021 03:56
The Securities and Exchange Commission is examining trades by Sen. Richard Burr and his brother-in-law before the 2020 market decline at the start of the Covid-19 pandemic.
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Zendesk, Momentive Shares Fall on Merger Plan

Wall Street Journal - 29 Oct 2021 20:30
The deal, valued at about $4 billion when it was announced, would roll the SurveyMonkey parent company into Zendesk's customer-service platform.
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Zendesk Needs to Prove It's Not Bananas

Wall Street Journal - 29 Oct 2021 19:25
Acquisition of SurveyMonkey parent gets a big thumbs down as details are delayed until analyst meeting.
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Exxon Mobil's Strategy: Be a Lean, Mean Cash Machine

Wall Street Journal - 29 Oct 2021 19:14
Oil companies are trimming capital expenditures while boosting shareholder returns. That could come back to bite sometime in the future.
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Shiba Inu Can Bite Its Owners

Wall Street Journal - 29 Oct 2021 18:02
The dog breed behind Dogecoin and its copycats holds clues for what could happen to the cryptocurrencies.
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Deflating Your Inflation Fears

Wall Street Journal - 29 Oct 2021 17:05
Rising prices eat away at the purchasing power of your assets. But taking on more risk to fight inflation can do more harm than good.
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Microsoft Is Now The World's Most Valuable Company After Apple Falls On Earnings Shares of Apple plunged after lackluster earnings, making Microsoft the largest company in the world by market value.
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Embassy REIT Q2 operating income rises 30% at ₹624 crore The firm said in a regulatory filing that it will distribute ₹537 crore to the unit holders. Embassy REIT informed that the company has declared a distribution of ₹536.50 crore, which is ₹5.66 per unit for the quar...
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EV Supplier Stocks To Watch Following Hertz Big EV Order Our theme of Electric Vehicle Supplier Stocks has done well, rising by about 29% year-to-date, outperforming the S&P 500 which was up by about 22% over the same period. The theme has also roughly doubled from pre-Covid l...
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Meta Shares Surge. No, Not Facebook's Meta.

Wall Street Journal - 29 Oct 2021 16:06
Canada's Meta Materials has suddenly become a hot stock. Investors are apparently confusing it for the rebranded Facebook.
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Stock Market's New EV Joy Ride Ignores Supply Risks

Wall Street Journal - 29 Oct 2021 15:55
Investors who are jumping back into electric vehicles should heed the lessons of this year's semiconductor shortages.
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Young Financier Whose Empire Collapsed Found Dead

Wall Street Journal - 29 Oct 2021 15:35
Alexander Chatfield Burns, who was charged with fraud after his insurance empire crumbled in 2014, was found dead in Charleston, S.C., and an investigation into the cause is under way, the coroner's office says. He was 3...
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Facebook Dives Headfirst Into The Metaverse

Forbes - 29 Oct 2021 15:28
Facebook Dives Headfirst Into The Metaverse It's not just the moniker that Mark Zuckerberg wants to rebrand, but the future and focus of his company, from bottom to top.
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To help employees make their money last, employers are starting to offer annuities inside 401(k) plans. These insurance contracts give retirees the option to convert savings into a regular monthly income for life.
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What's Next For Centene Stock After An Upbeat Q3? The stock price of Centene, a full-line managed services company which services both government sponsored and private insurance health care programs, has seen a rise of 11% in a month (twenty-one trading days). The compa...
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Exxon, Chevron Amass Cash as Oil Tops $80 a Barrel

Wall Street Journal - 29 Oct 2021 14:28
Exxon, Chevron and other large oil companies are reporting the strongest quarterly revenue since before the start of the pandemic and pulling back on spending.
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Apple and Amazon shares slip premarket after their earnings reports; Electric-car maker Lucid's shares extend Thursday's gains.
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Exxon topped earnings expectations during the third quarter of 2021, but revenue came up short of estimates.
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