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Market News

Location American Market News for 7 January 2022
GameStop shares soared on plans to enter the NFT and cryptocurrency markets; AMC Entertainment was also up.
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Cruise Operators Can't Touch This

Wall Street Journal - 7 Jan 2022 16:16
Cruise ship operators are implementing touchless elevator buttons on some ships to combat Omicron, but not everyone is impressed.
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Will 2022 be a repeat of 2021 for the markets and economy? Commonwealth CIO Brad McMillan takes a closer look.
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Nearly 95% of the bank's U.S. employees are vaccinated, but holdouts have only another week.
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Do You Need A 'Trusted Contact' To Help Protect You? Before you sign a trusted contact form, you need to make sure your contact is just that - trusted. You also need to understand the scope of what you are agreeing to.
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New Debt-Collection Rules: What They Mean for Consumers

Wall Street Journal - 7 Jan 2022 19:50
For one thing, they allow debt collectors to contact you on social media. But they have to let you know who they are.
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Discovery Shares Jump 16% As Excitement Builds Around WarnerMedia Deal Bank of America predicts the merger could create a "global media powerhouse."
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The Hottest ETF Sectors for Investors to Bet On in 2022

Wall Street Journal - 7 Jan 2022 19:34
Leading analysts and market strategists identified four sectors. No. 1 on their list: movies and entertainment.
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Why You Should Consider Crypto's Potential, Plus The Crimes And Carbon Footprint Involved Whether you're a fanatic or a skeptic, considering crypto's full story, as well as the price that both people and the planet pay, is key.
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Behind Omicron's Haze, a Booming Jobs Market

Wall Street Journal - 7 Jan 2022 17:38
Friday's weak headline numbers concealed a strong labor market that is likely to weaken due to the Omicron surge, then pick up where it left off.
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Energy Stocks Lead The Week Thanks To Rising Crude And Heating Oil Prices Omicron and the Great Resignation may be to blame for the disappointing jobs report.
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GameStop Stock Jumps After Company Enters NFTs

Wall Street Journal - 7 Jan 2022 16:47
GameStop shares rose after a report that it was launching a new devision focused on nonfungible tokens and cryptocurrency, extending the video-game retailer's volatile ride into this year.
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The last BLS jobs report for 2021 paints a mixed picture.
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Why Young Adults Are Delaying Parenthood

Wall Street Journal - 7 Jan 2022 15:00
One discouraged friend told me that having a baby now doesn't feel 'financially safe'
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One of China's Stronger Developers Falls Rapidly From Favor

Wall Street Journal - 7 Jan 2022 14:54
A selloff in the bonds and shares of Shimao Group Holdings selloff represents a sharp comedown for the company, which as recently as November held investment-grade status.
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Bitcoin Sinks To $41,000, A Stark Crypto Price Prediction For Bitcoin, Ethereum, BNB, Solana, Cardano And XRP Amid 'Extreme Fear' Bitcoin and cryptocurrency prices continue their sell-off. If the bitcoin price breaks below $41,000, analysts warn it "could get ugly".
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Charles Schwab Stock Has Limited Upside

Forbes - 7 Jan 2022 14:30
Charles Schwab Stock Has Limited Upside Charles Schwab stock gained 59% in 2021, and at its current price of $89 per share, it is almost 3% below its fair value of $92 - Trefis' estimate for Charles Schwab's valuation. The company outperformed the street estim...
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What a Videogame Slump Sounds Like

Wall Street Journal - 7 Jan 2022 14:03
The biggest videogame releases during the holiday season weren't enough to inspire gamers to crank things up.
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Nio Stock Is Poised For A Solid 2022

Forbes - 7 Jan 2022 14:00
Nio Stock Is Poised For A Solid 2022 U.S.-listed Chinese premium electric vehicle maker Nio stock had a mixed 2021, with its stock falling almost 40% over the last year. While Nio's operating performance has been pretty solid, with deliveries for 2021 risin...
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FuelCell Stock Is Best Avoided Despite Recent Correction FuelCell Energy stock, a company that designs, manufactures, and operates fuel cell power plants that work on natural gas or biogas, has declined by almost 26% over the last month, considerably underperforming the S&P 50...
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What is the tax liability of a senior citizen's income from SWPs? The applicable tax rate on the total income would be determined based on the income tax slabs as applicable to the person
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Russia's Border Tensions Translate Into Market Pain

Wall Street Journal - 7 Jan 2022 13:02
Troops on Ukraine's border and unrest in neighboring Kazakhstan have unnerved investors, sending the ruble to its weakest level since April.
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