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Market News

Location American Market News for 3 December 2021
It can be dangerous to invest retirement-plan funds in esoteric assets without proper guidance. A husband and wife in Rhode Island have learned that lesson the hard way.
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Student-Loan 'Forgiveness': Answers to Common Questions

Wall Street Journal - 3 Dec 2021 19:00
The rules have changed for a limited period. Here is what borrowers should keep in mind.
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This Transmissions Company Is Likely To Offer Better Returns Over Caterpillar Stock We think that Allison Transmission Holdings stock, a relatively small company that manufactures commercial duty automatic transmissions and hybrid propulsion systems with a market cap of under $4 billion, currently is a ...
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What's Next For Gap's Stock After A 30% Fall? Gap's stock (NYSE: GPS), a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children under the Gap, Old Navy, and Banana Republic brands, has declined by 30% in the l...
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Cloud Segment To Drive Microsoft's Stock Growth? Microsoft's stock (NASDAQ: MSFT) has increased by more than 50% since the end of 2020. In the recently announced Q1 FY 2022 (ended Sep 2021) the company beat consensus estimates for revenue and earnings. Revenue was $45....
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David McCormick told staff that he was considering resigning to run for U.S. Senate in Pennsylvania, and that he planned to decide within the next few weeks.
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Omicron Can't Stop The Metaverse

Forbes - 3 Dec 2021 23:34
Omicron Can't Stop The Metaverse Omicron can't stop the Metaverse. Weakness in tech shares is an opportunity to position for the long term.
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Cathie Wood's ARK Innovation ETF Sinks During Selloff

Wall Street Journal - 3 Dec 2021 23:30
A broad selloff in technology shares is punishing fund manager Cathie Wood's flagship ARK Innovation exchange-traded fund.
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This Big Box Retailer Can Go Head To Head With Amazon, Billionaire Investor Predicts Berkshire Hathaway's Charlie Munger sees massive upside ahead for this retailer.
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Could Bitcoin Prices Benefit From The Lackluster November Jobs Report? Today's jobs report fell far short of expectations. If tepid economic conditions cause Federal Reserve officials to taper stimulus more slowly, could it serve as a boon for bitcoin prices?
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U.S. Listed Chinese Stocks Lose $80 Billion In Value As Didi Delisting Crashes Prices After a year of massive losses for Chinese stocks, one expert says the delisting concerns could be just the "beginning."
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U.S. Government Bond Yields Slide After Jobs Data

Wall Street Journal - 3 Dec 2021 19:34
Yields fall to multimonth lows with worries about tighter monetary policy and the Omicron variant weighing on expectations for economic growth.
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Is The Era Of Stay-At-Home Stocks Over? Here's Why Zoom, Peloton And Others Have Slumped In 2021 Some of the pandemic's hottest stocks have undergone brutal selloffs this year.
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Should We In a market that has been trained all year long to "buy the dip", how do we know if this is just another minor pullback -- and a new buying opportunity into the Santa Claus Rally -- or the start of a real (and very overd...
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Fighting Inflation Without Getting Carried Away

Wall Street Journal - 3 Dec 2021 18:00
No single investment strategy is a panacea for inflation. But not every option is a good one.
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Jobs Report Gets a Participation Trophy

Wall Street Journal - 3 Dec 2021 17:50
A drop in the unemployment rate in the face of tepid payrolls growth last month hints at growing labor-force participation, but it is too early to celebrate--especially with the Omicron variant looming.
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Airbnb Stock Remains A Good Bet Despite Covid Uncertainty Airbnb stock (NASDAQ: ABNB) has declined by about 7% over the last week and also remains down by over 20% since early November, trading at about $163 per share currently. There are a couple of factors driving the weaknes...
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Why Investors Are Often Bullish in December

Wall Street Journal - 3 Dec 2021 17:43
Whatever the reason, one consequence is that a bear market is unlikely to begin in the last few weeks of the year.
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The government of Guangdong, China's province where the struggling developer is based, says it will dispatch a working group at the request of Evergrande to help the company manage its risks.
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Didi Leaving New York Is Next Step in U.S.-China Decoupling

Wall Street Journal - 3 Dec 2021 17:37
The Chinese ride-hailing giant is aiming for a Hong Kong listing as soon as the first quarter of 2022. The company ran into trouble with Beijing almost immediately after its $4.4 billion initial public offering in New Yo...
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Stocks Trying To Hold On To Thursday's Surge In Wake Of Disappointing Jobs Report The major stock indices rallied on Thursday, breaking a two-day losing streak. A disappointing jobs report could put the Fed's plans at risk. The broad rally was led by an odd combination of sectors and industry groups. ...
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What Does Jack Dorsey Stepping Down As Twitter's CEO Mean For Investors? As of Monday, the Twitter co-founder has left his position as CEO of one of the largest social media companies in the world.
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