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Market News

Location American Market News for 16 March 2022

Next Time, the Fed Might Give No Quarter

Wall Street Journal - 16 Mar 2022 22:22
Unless inflationary pressures show real signs of easing over in coming weeks or the labor market stumbles--neither looking likely--investors might need to brace for more aggressive rate increases by the Federal Reserve.
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Good Luck, Mr. Powell

Forbes - 16 Mar 2022 22:15
Good Luck, Mr. Powell As of Monday the NASDAQ is officially in a bear market. The Russell 2000 has been there for a month, but it also hasn't gotten any worse during that month. At this point I think most people would be happy with a sideways...
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Does a BNPL platform need your consent to give a loan? Consumers need to deactivate pay later account to close any loan showing on credit report
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New Proposal Would Extend Student Loan Payment Pause And Cancel Student Loans Student loan cancellation and extending the student loan payment pause are at the center of this new proposal.
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Treasury Yields Waver Ahead of Fed Decision

Wall Street Journal - 16 Mar 2022 17:21
U.S. government bond yields bounced between small gains and losses Wednesday, with investors awaiting the outcome of the Federal Reserve's monetary policy meeting.
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Springtime for Spending

Wall Street Journal - 16 Mar 2022 17:19
Consumers are getting buffeted by inflation and the surging gasoline prices, but the easing of the pandemic and the dropping of Covid-19 restrictions could lead them to spend right through the uncertainty.
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Over 6.63 cr income tax returns filed so far for AY 2021-22 The Income Tax Department has expressed gratitude to taxpayers and tax professionals for the support in timely compliances.
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Barclays Move Leads to Wild Swings in Volatility Product

Wall Street Journal - 16 Mar 2022 16:50
A big exchange-traded product tracking Wall Street's fear gauge has seen unusual trading this week after the British bank said it would stop supporting the asset.
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Russia's finance minister said the country paid what it owed on its foreign debts but wasn't sure if the payments would go through, blaming U.S. sanctions for setting the country on the path toward default.
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What an Interest-Rate Increase Will Mean for You

Wall Street Journal - 16 Mar 2022 16:14
The Fed is expected to raises rates Wednesday, which can affect how much you pay on your mortgage, credit cards and more.
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Royal Bank Of Canada: This Bank Won't Be Displaced Despite underperforming the market, the stock could conservatively be worth $170+/share today - a 55%+ upside.
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Dow Jumps 400 Points As Stocks Continue To Rebound Ahead Of Federal Reserve Decision Stocks rallied ahead of the Federal Reserve's widely expected interest rate hike.
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Down 68% From High, Don't Buy Wayfair Stock

Forbes - 16 Mar 2022 14:33
Down 68% From High, Don't Buy Wayfair Stock In August 2020, I urged investors to take their 13-fold profit in Wayfair stock. Since then it's been downhill -- and with growth expected to slow, now is not the time to buy the stock.
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Income tax refunds worth over ₹1.92 lakh cr issued so far this fiscal Income tax refunds of ₹70,373 crore have been issued in 2,21,62,611 cases and corporate tax refunds of over ₹1.2 lakh crore have been issued in 2,32,997cases, the tax department tweeted.
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This Software Company Is Likely To Offer Better Returns Over Boston Scientific Stock We think that Intuit stock, a company that specializes in financial and tax preparation software, currently is a better pick compared to medical devices maker Boston Scientific stock (NYSE: BSX), despite INTU being more ...
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How to Tell If Sanctions Are Hitting the Russian Economy

Wall Street Journal - 16 Mar 2022 13:29
The success or failure of the West's economic war against Russia is crucial to the outcome of the fight in Ukraine. But knowing whether the sanctions are working will be difficult.
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Online Grocer Boxed Has the Right Packaging

Wall Street Journal - 16 Mar 2022 13:03
Boxed, which went public via a SPAC merger last year, has a much stronger case as a software-as-a-service company than as an e-commerce retailer.
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What's Next For Teva Pharmaceutical Stock After A 17% Fall In A Month? The price of Teva Pharmaceutical stock has seen a fall of 17% in a month, while it is down 34% in the last year. The shares of generic drug makers have largely underperformed the broader markets over the last year or so,...
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Supply-Chain Obsession Is a Prime Day Gift for Amazon Air

Wall Street Journal - 16 Mar 2022 12:53
Since the Covid-19 crisis started, e-commerce purchases have skyrocketed and a lot of belly-hold space in planes has been removed. Many air-freight companies have seized the opportunity to grow and Amazon has taken the l...
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This Stock Is Likely To Offer Better Returns Over Nike's Stock We believe that Crocs' stock (NASDAQ: CROX) is currently better valued than Nike's stock (NYSE: NKE). Nike's current price-to-sales ratio of 4x is higher than levels of 2x for CROX. So does this gap in valuation make sen...
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EQT Buys Baring Asia Unit in $7.5 Billion Private-Equity Merger

Wall Street Journal - 16 Mar 2022 12:17
The deal establishes the Stockholm-based asset manager as a major operator in Asia to complement its operations in Europe and the U.S.
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Guess Stock To Trade Higher Post Q4 Results? Guess stock, a retailer that designs, markets, distributes, and licenses apparel and accessories for men, women, and children, is scheduled to report its fiscal fourth-quarter results on Wednesday, March 16. We expect GE...
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