Market News
Economy Survives Technical Recession--But Worst Could Come Next Year, Experts Warn
Forbes - 27 Oct 2022 15:05
Despite a return to growth, the economy could shrink and lose millions of jobs next year.
Hong Kong Fintech Startup Reap Raises $40 Million For Web3 Payments
Forbes - 27 Oct 2022 04:30
Reap said it will continue to build Web3 infrastructure in collaboration with cryptocurrency firms to help provide them access to traditional merchants and physical services.
U.S. Mortgage Rates Hit 7.08%, Highest in More Than 20 Years
Wall Street Journal - 27 Oct 2022 16:00
The rate on a 30-year fixed mortgage averaged 7.08% this week, according to a survey of lenders by mortgage giant Freddie Mac. Just seven weeks ago, the rate was below 6%. A year ago it was just over 3%.
Apple set to report earnings after the bell
CNBC - 27 Oct 2022 15:44
Apple reports fiscal Q4 2022 earnings at 4:30 p.m. Eastern time on Thursday, Oct. 27.
Amazon set to report third-quarter earnings after the bell
CNBC - 27 Oct 2022 15:43
During the quarter, Amazon held its annual Prime Day megasale, and also ratcheted up cost-cutting efforts amid rising expenses.
Stocks Have 4 Hurdles To Overcome To Move Significantly Higher
Forbes - 27 Oct 2022 15:00
There are at least four hurdles for the S&P 500 to continue to move higher. Two are fundamental related and two are technical.
Argentina's Economy Minister Sergio Massa: From Buying Time To Running Out Of Time
Forbes - 27 Oct 2022 14:45
In one of the many ideological contradictions that characterize Argentina's ruling Frente de Todos coalition, Martín Guzmán was expelled from the Economy Ministry for trying to cut the deficit, only to be replaced by S...
Credit Suisse Nears Sale of Securitized-Products Group
Wall Street Journal - 27 Oct 2022 00:18
Heavyweight investors Apollo and Pimco are teaming up to buy the Swiss bank's securitized-products group, people familiar with the matter said.
Mark Zuckerberg's Fortune Dropped $11 Billion Today-And Is Down $100 Billion Since Meta's Stock Peaked
Forbes - 27 Oct 2022 23:09
Shares of Meta plunged Thursday after the company reported dismal quarterly earnings late on Wednesday.
Amazon Becomes Latest Tech Stock Casualty: Shares Plunge 20% After Dismal Earnings Reveal 'Giant Red Flag'
Forbes - 27 Oct 2022 22:39
The after-hours plunge has pushed Amazon shares to their lowest level in more than two years.
Elon Musk Twitter Takeover and Layoffs: What's Going On As The Deadline Approaches?
Forbes - 27 Oct 2022 20:35
As the legal deadline for this deal approaches, what's happening with Elon Musk's Twitter? We break down the important details of the Twitter buyout, from layoffs to financing to national security and regulatory concerns...
Boeing Is Haunted By Years Of Aggressive Bidding On Defense Contracts
Forbes - 27 Oct 2022 20:15
In the past decade, flush with cash from the 737 and 787, Boeing made a string of lowball bids to win competitions for fixed-price defense contracts. Now those victories are costing it dearly, as mounting losses amid lab...
Beware the gaps in insurance policies for mental illness
livemint.com - 27 Oct 2022 19:06
Irdai has asked insurers to provide mental illness coverage in health policies before 31 Oct
WIll Crypto-Asset Reporting Framework bring clarity for investors?
livemint.com - 27 Oct 2022 18:49
Announcement of CARF is an opportunity for the govt to frame crypto regulations too
Why do premiums for motor insurance vary on different sites?
livemint.com - 27 Oct 2022 18:41
Motor insurance has broadly two components. These are own-damage, and third-party liability. The third-party liability premium is the same for a particular vehicle across all insurers. The own-damage section premium can ...
How A Strong Dollar Hurts Europe + Emerging Markets
Forbes - 27 Oct 2022 18:37
If you aren't in the U.S. a strong dollar could be bad, really bad or excruciating bad.
What's the forex rate?
livemint.com - 27 Oct 2022 18:34
Here's the list of INR to USD forex rates offered by some of the major banks and travel aggregatprs.
Shopify shares pop 18% on smaller-than-expected loss
CNBC - 27 Oct 2022 18:21
Shopify reported earnings before the opening bell. Here are the results.
Dow On Pace For Best October Ever, Second-Best Month In 30 Years
Forbes - 27 Oct 2022 18:13
The Dow's 12% gain this month would be its second-best stretch since April 2020.
Credit Suisse Might Have Hit Rock Bottom
Wall Street Journal - 27 Oct 2022 17:50
The embattled bank's recovery plan was bolder than expected, potentially marking a line in the sand for long-suffering investors.
GDP Bounce Might Soon Fade
Wall Street Journal - 27 Oct 2022 17:47
Gross domestic product rebounded in the third quarter. Was that the economy's last hurrah?
The Best Dividend Stock To Buy Right Now
Forbes - 27 Oct 2022 17:28
Brett, the financial media is telling me that interest rates are going to the moon. And that my cheap bonds are about to get even cheaper.