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Market News

Location American Market News for 6 December 2021
Cancel $2.9 Billion Of Student Loans For These Borrowers Right Now Cancel $2.9 billion of student loans for these borrowers right now.
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Apple Stock Hits All Time Highs. Should You Buy, Sell Or Hold? Apple stock has rallied by almost 8% over the last month, trading at all-time highs of about $164 per share, despite the ongoing semiconductor shortage, which has been hurting Apple's ability to supply products, and also...
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Engine Capital Urges Kohl's to Consider E-Commerce Separation

Wall Street Journal - 6 Dec 2021 01:02
Activist also urges department-store chain to consider a sale, a letter says.
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Bitcoin Could Fix Turkey's Currency Crisis

Forbes - 6 Dec 2021 23:33
Bitcoin Could Fix Turkey's Currency Crisis It's December 2021, and the Turkish lira is near an all-time low against the U.S. dollar as President Recep Erdogan continues to implement what the Wall Street Journal calls "unconventional economic policies."
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The Florida civil lawsuit didn't resolve longstanding questions about the cryptocurrency's creation.
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NYSE President Stacey Cunningham to Step Down

Wall Street Journal - 6 Dec 2021 21:08
Lynn Martin, an executive at NYSE parent Intercontinental Exchange, has been appointed the next president of the exchange, succeeding Stacey Cunningham, who will step down at the end of the year.
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Budweiser Tries to Make Beer Stocks Fashionable Again

Wall Street Journal - 6 Dec 2021 20:47
At his first strategy day, Anheuser Busch InBev's new Chief Executive Michel Doukeris looked to lure shareholders back from the liquor aisle
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FIFO Vs. Specific Identification Accounting Methods BY DEFAULT, the IRS, brokerage firms, and most trade accounting programs use the First-In-First-Out (FIFO) accounting method. But there is another option called the Specific Identification (SI) accounting method.
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Here are some benefits of a group health insurance policy According to experts, for an employer, a group health insurance policy is comparatively easier to get since they procure it in bulk for their employees
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Does an NRO account attract more tax?

livemint.com - 6 Dec 2021 20:33
Does an NRO account attract more tax? Interest earned on NRO account is subject to tax deduction at source at 30%
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Why financial literacy is key for millennials

livemint.com - 6 Dec 2021 20:33
Why financial literacy is key for millennials As per a recent study by Sebi, only 27% of Indians are financially literate
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Alibaba Update: Whoops! Is This Stock Really A Value Trap? On Nov 7, I made the case that Alibaba - the Chinese internet giant - was a screaming value play. The stock is down 30% since then. In just one month. Was I wrong?
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When It Comes To US Politics, Inbound Investors Must Ride The Cycle In response to myriad headlines that connect November's Republican surge with the incumbent party's failure to understand the electorate's mood, investors are worried about imminent gridlock and political uncertainty.
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Returns on my investments

livemint.com - 6 Dec 2021 19:01
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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Tesla Stock Losses Top $250 Billion After Report Alleging New SEC Probe Shares of the electric-vehicle maker helmed by Elon Musk have plummeted more than 20% since an all-time high last month.
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Trump Social-Media SPAC Deal Being Investigated By SEC

Wall Street Journal - 6 Dec 2021 18:31
Regulators are investigating a deal between Donald Trump's new social-media venture and a special-purpose acquisition company that would take the former president's firm public.
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China's SenseTime Launches IPO Amid Tech-Stock Rout

Wall Street Journal - 6 Dec 2021 18:29
Artificial-intelligence company SenseTime plans to raise as much as $767 million in a Hong Kong initial public offering this month.
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Shares of the media company rose more than 40% Monday after merging with 890 5th Avenue Partners, a special-purpose acquisition company.
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Millennials, feeling their mortality during Covid-19, start writing their wills Young adults act to get affairs in order, citing unease over pandemic; costs vary widely
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EV Makers Falling As Lucid Runs Into Regulator Issues With SEC Bitcoin falls 17% over the weekend. Equity index futures mixed ahead of Monday's open. The tech-heavy Nasdaq Composite led stocks lower on Friday. The VIX rose as uncertainty continues to rise. Pandemic stocks selling of...
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Peloton: Find A New Workout Partner After 3Q21 Earnings The stock could be worth as little as $16/share, as consumers return to gyms, forgo pricy workout equipment, use cheaper alternatives, and lose interest in at-home offerings.
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How To Invest In EVs (Hint: It's Not Tesla Or Rivian) Here, a trio of newsletter advisors from the Cabot Wealth Network -- and contributor to MoneyShow.com -- caution against jumping on some of the more speculative names while highlighting some alternative picks in the EV s...
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