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Market News

Location American Market News for 14 April 2022
How will Goldman Sachs navigate trickier, more volatile markets?
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Wells Fargo Quarterly Profit Falls 21%

Wall Street Journal - 14 Apr 2022 15:19
The San Francisco-based bank said Thursday that it made $3.67 billion in the first quarter, down from $4.64 billion a year ago.
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Wells Fargo on Thursday reported lower-than-expected first-quarter revenue amid a drop in mortgage lending.
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The Fed Claims To Be At War With Inflation. It May Have Us All Fooled Fed Chairman Jay Powell and other Fed officials have staked a "whatever it takes" approach to combat inflation. Their actions don't match their words, at least not yet. This may turn out badly.
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Compare your bank FD rates

livemint.com - 14 Apr 2022 22:30
Compare your bank FD rates Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures
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Musk Says He Has 'Sufficient Funding' To Buy Twitter, Claims He Has 'Plan B' If Offer Is Rejected Musk also called regulators at the Securities and Exchange Commission "bastards."
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'Don't be a return chaser, invest with a goal in mind' If you don't know why you are investing, you will not know where to invest, says Mohanty
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Don't Wait To Buy I-Bonds Or You'll Risk Losing Out On An 8.54% Yield For A Full Year Seriously check out U.S. Treasury I bonds that will pay over 8.5% if you have extra cash or bonds you don't need for at least a year.
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Is any change in smoking status permitted in term insurance? Insurers do not allow change of plan mid-term from smoker to non-smoker plans
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Wall Street Trades Up, For Now

Wall Street Journal - 14 Apr 2022 19:13
Banks delivered excellent trading results in the first quarter, but capital considerations might put a damper on the party.
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Musk Gives Twitter's Board an Expensive Out

Wall Street Journal - 14 Apr 2022 18:45
The Twitter board's fiduciary duty would argue against taking an opening, nonbinding bid at weak point for the stock.
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Putin Says Sanctions Have Disrupted Russian Oil Industry

Wall Street Journal - 14 Apr 2022 18:34
The Russian president acknowledged that Western sanctions have stymied his country's energy industry and it will need to reorient oil and gas sales away from markets in Europe to Asia.
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Natural-Gas Prices Rise, Defying Seasonal Trends

Wall Street Journal - 14 Apr 2022 18:28
Futures climb 2.5% in the latest sign of persistent demand, driven in part by disruptions overseas.
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Student Loan Cancellation Could Look Different Than You Expect What to expect with student loan forgiveness. It may be different than what you think.
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Can Elon Musk Actually Buy Twitter?

Wall Street Journal - 14 Apr 2022 17:14
The Tesla chief executive's $43 billion offer contains as many questions as answers.
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Distraction Or Hostile Takeover? Here's What Analysts Say About Elon Musk's Offer To Buy Twitter Analysts are split on whether an acquisition looks likely or remains just a fantasy.
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Recession? Not Yet, But Investors Should Listen When Doves Cry Jeff Schulze of ClearBridge Investments discusses why he believes recession worries are premature, but also why its important to listen to doves.
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Mortgage Rates Hit 5% for First Time Since 2011

Wall Street Journal - 14 Apr 2022 16:00
The monthly cost of buying a typical home has surged by more than a third over the past year by one estimate, yet demand remains robust.
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How can I claim tax break on sale proceeds of a plot? Sale of a plot is sale of a capital asset and the profit in this case will get taxed as long term capital gain after the indexation of cost
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Citigroup's First-Quarter Earnings Fell 46%

Wall Street Journal - 14 Apr 2022 14:53
The bank said its quarterly result was dragged down by higher expenses and potential losses from its exposure to Russia.
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Morgan Stanley saw stronger-than-expected revenue from equity and fixed income trading amid volatile markets.
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Elon Musk Bids To Take Twitter Private For $43 Billion, Why It's A Bad Idea If you think Musk's $43 billion offer will unlock a bidding war, you should buy Twitter stock. Tesla shareholders should look out below because Musk might have to sell shares to finance the Twitter takeover.
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