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Market News

Location American Market News for 24 December 2021
China Wins As Joe Manchin Downgrades U.S. Economy By suddenly torpedoing President Joe Biden's roughly $2 trillion Build Back Better Plan, the senator from West Virginia is looking out more for China's competitive edge than America's.
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Robinhood Gets Robbed in Heard's Annual Stock-Picking Contest

Wall Street Journal - 24 Dec 2021 14:03
Heard on the Street columnists bet against retail brokerage Robinhood Markets in more ways than one this year.
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A Credit Suisse Group AG fund accused SoftBank Group Corp. in U.S. court filings of orchestrating transactions that rendered worthless a $440 million investment the fund had made to finance a SoftBank-backed company.
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Colin Kaepernick SPAC Deal Collapses, Testing Celebrity Halo

Wall Street Journal - 24 Dec 2021 21:33
The former quarterback's reluctance to stump for the merger on live television proved a stumbling block for the deal.
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Cheap Stocks in Europe Can Reward Investors With a Plan

Wall Street Journal - 24 Dec 2021 16:23
The discount at which European stocks trade relative to U.S. ones has reached extremes this year. Private equity appears to see opportunities.
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Why Lumber Won't Boom In 2022

Forbes - 24 Dec 2021 16:18
Why Lumber Won't Boom In 2022 Inflation and rising costs of borrowing will likely put the breaks on the housing market.
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2001 To 2021: Argentina, A Ticking Time Bomb When speaking of economic mismanagement, Argentina holds several world records
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What Biden's Latest Student Loan Relief Means For Your Student Loans What this means for your student loans.
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Investors Shrug As Ukraine-Russia Tensions Rise Stocks and energy don't seem to be reacting to the potential for military conflict.
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Europe's Industrial Firms Flash Warning on Energy Costs

Wall Street Journal - 24 Dec 2021 13:36
Steelmakers, glass manufacturers and other energy-hungry businesses in Europe are calling on governments to take action to stop record gas and electricity prices from hobbling the region's economy.
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Income tax rules on pre-EMI rebate on home loan if property sold before 5 years Home loan: Please note that there is no similar provision for reversal of interest benefit claimed under Section 24(b) in the past in case one sells the house within five years from taking the possession
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Pagdi system: How amount received from builder will be taxed Basically the Pagdi system is a system under which a tenancy right in a building is purchased and which can be transferred for a price, with the consent of the landlord.
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Financial planning for an young individual earning ₹5 lakh per year Financial planning: Please review your goals and investments periodically and re-align if needed to achieve various financial goals, including retirement planning and insurance
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Should you add real estate to your retirement portfolio? Choosing commercial, residential or passive property investments depends on your tolerance for risk...and for other people
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The Turkish Lira Shows Why Nations Fail

Forbes - 24 Dec 2021 08:33
The Turkish Lira Shows Why Nations Fail A recent rebound in the lira may provide some short term relief but it does not mean that the quality of policy making in Turkey has improved. Other countries should pay attention.
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Thai Billionaire Family's Central Group, Austria's Signa Buying British Retailer Selfridges Central Group and Austrian partner Signa Holding have agreed to buy British retailer Selfridges & Co. from the Weston family of Canada.
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