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Market News

Location American Market News for 31 December 2021
Cryptocurrency: Risk Or Opportunity? The Good, The Bad, & The Ugly Whether you are a financial advisor, family office, institutional investor, or a recent high school graduate, there are different objectives as well as risk tolerances for investing in cryptocurrencies which must be unde...
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No plan to extend ITR deadline, says govt

livemint.com - 31 Dec 2021 18:15
No plan to extend ITR deadline, says govt By 3pm on Friday, 56.2 million returns were filed. Today, people have filed more than 2 million returns, which is the highest. In the last one hour, 344,000 returns have been filed, said revenue secretary Tarun Bajaj
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China Evergrande Revises Wealth-Management Payment Plan

Wall Street Journal - 31 Dec 2021 14:02
A unit of the highly indebted property giant proposes paying almost all holders of its wealth-management products $1,255 a month from December to February.
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Ayala-Backed AC Energy To Invest $274 Million In Philippine Solar, Wind Energy Projects AC Energy--a unit of billionaire Jaime Zobel de Ayal's Ayala Corp.--is investing 14 billion pesos ($274 million) to fund the solar and wind energy projects of two subsidiaries as the Philippines' oldest conglomerate cont...
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Analysts Are Forecasting The S&P 500 To Rise 9.6% In 2022 The stock markets had a terrific year with the S&P 500 increasing 26.9%, vs. the analyst projections of a 7.7% gain. For 2022 they are expecting it to increase 9.6% to 5,225, which would be below their average estimate f...
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All Politicians Are Crooks: A Quick Take On Corruption In Argentina While such a general statement is almost impossible to prove, it reflects a generalized feeling of dissatisfaction with the political class, which is tasked with improving overall welfare but many times ends up interferi...
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FDIC Chairman Jelena McWilliams Resigns

Wall Street Journal - 31 Dec 2021 23:21
The Trump administration holdover had fought publicly with Democrats who now make up a majority of the Federal Deposit Insurance Corp. board over control of the agency's policy agenda.
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Outlook: 2022 Economic Growth Will Likely Disappoint The financial media tells us inflation is at a 40-year high with a seeming majority believing a return of the 1970s, years of ingrained high inflation levels, is at hand. Ultimately, inflation and economic growth are mos...
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2021: The Least Eventful Year For Marijuana

Forbes - 31 Dec 2021 19:34
2021: The Least Eventful Year For Marijuana 2021 was a nothing burger of a year for cannabis policy, regulation, and legislation. The year came in with the optimism of a giant hot air balloon and slowly but surely that optimism for change leaked out.
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Meta Consumerism: Holiday Gifts, Digital Goods, & Virtual Expression Virtual Nikes and virtual handbags - metaverse expressionism is a one way train to meta consumerism.
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The Stock Market's Top Four Face A Challenge In 2022: Change Apple, Microsoft, Alphabet and Amazon at top, but 2022 changes are coming
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Govt retained interest rates on small savings schemes for the fourth quarter of FY22 Post office savings accounts will continue to fetch an interest rate of 4% while the post office monthly income scheme (POMIS) will earn the same interest rate, that is, 6.6%.
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PPF, other small savings schemes interest rates stay unchanged Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1% and 6.8%, respectively
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Trump's SPAC Could Rocket To A $10 Billion Plus Valuation With No Revenue While at first look former President Trump's social media company appears to be valued at $2 billion. However, when earnouts and a PIPE investment are included, its market cap could balloon to $10 to $12 billion.
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A 10.5% Dividend Set To Soar In '22

Forbes - 31 Dec 2021 15:07
A 10.5% Dividend Set To Soar In '22 Today we're going to take a look at an unusual closed-end fund (CEF) that hands us a rich 10.5% dividend that comes our way monthly (and grows!).
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Tesla and My Other Investing Mistakes of 2021

Wall Street Journal - 31 Dec 2021 15:03
Here's a look back at lessons learned from a year of Streetwise columns on Tesla, meme stocks and inflation.
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Here's What Makes Advanced Micro Devices Stock A Strong Bet We think that Advanced Micro Devices currently is a better pick compared to Microchip Technology. AMD stock currently trades at almost 12x trailing revenues, more than that of Microchip, whose P/S multiple stands at arou...
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What Next For Tesla Stock?

Forbes - 31 Dec 2021 15:00
What Next For Tesla Stock? Tesla stock (NASDAQ:TSLA) rallied by almost 16% over the last week, considerably outperforming the S&P 500 which gained about 3% over the same period. Although Tesla stock often moves with little news flow, there were a ...
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Solar to Start Year With Some Long Shadows

Wall Street Journal - 31 Dec 2021 15:00
Rooftop solar companies are facing a gloomier outlook in 2022, with some sunny states considering overhauls to subsidies that helped them grow.
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Chinese Small Businesses' No Good, Very Bad Year

Wall Street Journal - 31 Dec 2021 14:36
China's economy as a whole is struggling, but the pain is concentrated at the bottom--small firms, which account for an outsize percentage of employment, are paddling especially hard.
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These Stocks Are Likely To Offer Better Returns Over Lowe's Stock We believe that Crocs stock , Tempur Sealy International Stock, 1-800-Flowers.com stock, Nexstar Media Group stock, and The E.W. Scripps Company Stock are currently better valued than Lowe's stock. Lowe's current price-t...
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Will Tides Turn For Las Vegas Sands Stock?

Forbes - 31 Dec 2021 13:30
Will Tides Turn For Las Vegas Sands Stock? Since March, the shares of Las Vegas Sands and Penn National Gaming have observed a deep contraction after observing a strong rally in the first quarter. While the anticipation of increased regulatory oversight has led t...
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