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Market News

Location American Market News for 30 November 2021
Did Bitcoin Enter A Bear Market After Falling 20% From Its ATH? Bitcoin has fallen more than 20% from the all-time high it reached earlier this month. Following this move, more than one journalist stated that it had entered a bear market. Was this assessment valid?
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Oil Companies Got Their Hedges Clipped

Wall Street Journal - 30 Nov 2021 14:03
After a year of riding high oil prices, many producers are taking off hedges for 2022. That might seem like a good idea today, but producers don't have a great record of predicting where oil prices will go.
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Mastercard Stock Has Lost 7% In A Week, What's Next? Mastercard stock (NYSE: MA) has lost around 6.9% in the last week, underperforming the S&P 500 (down 2.3%). Further, if you look at the change over the last one month (21 trading days), the stock has decreased 3.4% vs a ...
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Countries With Major Wealth Gaps--and How Adopting Practices Like Investing Can Help Income disparity impacts countries across all corners of the globe, including the United States.
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More Bad News For China's Sorry Real Estate Market, UBS Says The hits keep on coming for China's economy.
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Are mutual funds a better way to invest in IPOs?

livemint.com - 30 Nov 2021 20:55
Are mutual funds a better way to invest in IPOs? 53 companies have been listed on the main board so far in 2021, compared with 14 in the whole of last year
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How To Know If You Qualify For Automatic Student Loan Forgiveness Student loan relief is available.
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Be wary of investing in equities at heightened valuations According to a study, market returns are highest when the trailing PE ratio is below 16
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Are memberships for flats arranged by the developers? For the saleable component of a redeveloped society, there is a privity of contract between the developer and the flat purchaser, which is recorded under the flat purchase agreement
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The procedures for overseas remittances vary

livemint.com - 30 Nov 2021 19:30
The procedures for overseas remittances vary All incomes paid to NRIs/OCIs are subject to TDS at rates ranging from 20% to 30%
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Omicron Uncertainty Will Linger a While

Wall Street Journal - 30 Nov 2021 19:26
It will be some time before investors even have enough information to judge how big a threat the new coronavirus variant is.
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Jana Partners Urges Zendesk to Ditch SurveyMonkey Deal

Wall Street Journal - 30 Nov 2021 18:55
The activist investor owns a big stake in Zendesk and is urging the customer-service platform to abandon a deal it struck to buy Momentive Global, parent of web-survey company SurveyMonkey.
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Is Moderna Stock A Good Bet Against The New Omicron Covid-19 Strain? Covid-19 vaccine stocks have come back into focus, after a concerning new strain of the novel coronavirus that was first identified in southern Africa has been highlighted as a variant of concern by the World Health Orga...
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Stocks Sink As Powell Takes A Rare Pessimistic View On Inflation Amid Omicron Variant The Fed chair said that inflation would linger "well into next year" due to the new omicron variant.
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What Lies Ahead For Carnival Stock As Concerning New Covid Strain Emerges Cruiseline stocks saw a big sell-off on Friday, as the World Health Organization designated a new strain of the novel coronavirus that was first identified in southern Africa as "a variant of concern." Carnival stock, th...
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Dow Plunges 500 Points As Federal Reserve Warns About Omicron Impact Omicron poses "risks" to economic activity and the inflation outlook, Powell said.
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With Iron Ore Price Dropping Below $100, How's Cleveland-Cliffs Stock Doing? Cleveland-Cliffs stock (NYSE: CLF) has dropped 12% in the last one month, completely underperforming the S&P 500 which increased 1% during this period. If you look at the change in stock price over the last ten days, CLF...
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Equity Futures Pointing To A Lower Open Ahead Of Fed Chair Jerome Powell's Senate Testimony What a difference a day makes: Monday's rebound fades on comments from Moderna and Regeneron CEOs.
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Toyota Is The Gold Standard In Production Efficiency, Is Tesla Catching Up? Since we last compared Tesla with Toyota Motor's, the world's largest and most profitable auto company, in early February 2020, Tesla stock has soared by almost 7x, with its market cap crossing the $1 trillion mark, whil...
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Today we're going to dive into two closed-end funds (CEFs) that have what everyone is on the hunt for these days...
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Cyber Monday Sales Fall For The First Time Ever--Pulling In $10.7 Billion, Adobe Estimates As bottled-up supply chains dent product availability, consumers are increasingly spreading out their record spending this holiday season.
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Is Cinemark Holdings Stock A Good Investment? Cinemark Holdings stock which currently trades at $17 per share, is 50% below its level at the beginning of 2020. Cinemark Holdings, which is an American movie theater chain, saw its stock trading over $32 in February 20...
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