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Market News

Location American Market News for 27 October 2022
Economy Survives Technical Recession--But Worst Could Come Next Year, Experts Warn Despite a return to growth, the economy could shrink and lose millions of jobs next year.
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Hong Kong Fintech Startup Reap Raises $40 Million For Web3 Payments 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.
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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%.
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Apple reports fiscal Q4 2022 earnings at 4:30 p.m. Eastern time on Thursday, Oct. 27.
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During the quarter, Amazon held its annual Prime Day megasale, and also ratcheted up cost-cutting efforts amid rising expenses.
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Stocks Have 4 Hurdles To Overcome To Move Significantly Higher There are at least four hurdles for the S&P 500 to continue to move higher. Two are fundamental related and two are technical.
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Argentina's Economy Minister Sergio Massa: From Buying Time To Running Out Of Time 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...
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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.
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Mark Zuckerberg's Fortune Dropped $11 Billion Today-And Is Down $100 Billion Since Meta's Stock Peaked Shares of Meta plunged Thursday after the company reported dismal quarterly earnings late on Wednesday.
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Amazon Becomes Latest Tech Stock Casualty: Shares Plunge 20% After Dismal Earnings Reveal 'Giant Red Flag' The after-hours plunge has pushed Amazon shares to their lowest level in more than two years.
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Elon Musk Twitter Takeover and Layoffs: What's Going On As The Deadline Approaches? 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...
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Boeing Is Haunted By Years Of Aggressive Bidding On Defense Contracts 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...
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Beware the gaps in insurance policies for mental illness Irdai has asked insurers to provide mental illness coverage in health policies before 31 Oct
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WIll Crypto-Asset Reporting Framework bring clarity for investors? Announcement of CARF is an opportunity for the govt to frame crypto regulations too
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Why do premiums for motor insurance vary on different sites? 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 ...
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How A Strong Dollar Hurts Europe + Emerging Markets If you aren't in the U.S. a strong dollar could be bad, really bad or excruciating bad.
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What's the forex rate?

livemint.com - 27 Oct 2022 18:34
What's the forex rate? Here's the list of INR to USD forex rates offered by some of the major banks and travel aggregatprs.
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Shopify reported earnings before the opening bell. Here are the results.
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Dow On Pace For Best October Ever, Second-Best Month In 30 Years The Dow's 12% gain this month would be its second-best stretch since April 2020.
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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.
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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?
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The Best Dividend Stock To Buy Right Now

Forbes - 27 Oct 2022 17:28
The Best Dividend Stock To Buy Right Now 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.
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