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Market News

Location American Market News for 3 November 2022
Yes Bank revises interest rates on fixed deposits (FDs) and savings accounts One of the leading private sector lenders, Yes Bank has revised its interest rates on savings accounts and fixed deposits of less than ₹2 Cr.
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Carl Icahn Has More Than 8% Stake in Crown Holdings

Wall Street Journal - 3 Nov 2022 02:37
The activist investor believes the beverage-can maker should shed noncore assets and buy back more stock.
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Etsy posted better-than-expected sales for the third quarter, and gave a rosy forecast for the current quarter.
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In Brazil, A Lula Win Is Nothing Special For The U.S., Or Europe Washington and Brussels love Lula. But while he spoke their language on the campaign trail, neither should expect him to follow their lead on anything.
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Consumer Confidence Report, An Economic Preview Americans are stressed about inflation, and it's affecting everything from our travel plans to holiday shopping projections. Here's what investors need to know to close the year out strong.
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Warner Bros. Discovery reported third quarter earnings and said its merged HBO Max-Discovery+ streaming service will come in spring instead of summer.
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Twilio is taking steps to be more efficient in its operations as it aims at adjusted operating profitability in 2023. Layoffs are a part of that effort.
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PayPal shares fell more than after hours despite beat on earnings and revenue expectations for the third quarter.
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DoorDash reported better-than-expected sales and total orders for the third quarter.
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Crypto Exchange Coinbase Posts Third Consecutive Loss

Wall Street Journal - 3 Nov 2022 22:51
The crypto company lost $2.43 a share, slightly worse than analyst estimates.
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Shares of Block jump on earnings beat

CNBC - 3 Nov 2022 22:50
Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
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Shares of Starbucks have fallen nearly 28% this year, dragging its market value down to $97.11 billion.
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Earnings Preview: What To Expect From Starbucks On Thursday Earnings Preview: What To Expect From Starbucks On Thursday
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Is the double taxation on buyback of listed shares still required? In July 2019, buyback tax of 20% was extended to all cos, including the listed ones
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Where should I invest ₹1 lakh to earn best returns in a short time From a longer-term perspective, in order to get an international fund that is more diversified, you could consider stopping SIPs into the Motilal Oswal Nasdaq 100 fund and invest in HDFC Developed World Indexes Fund of f...
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When single premium policies deny you tax benefits

livemint.com - 3 Nov 2022 20:00
When single premium policies deny you tax benefits If the premium you pay for the SPLI policy is more than 10% of the sum assured, you will not get the tax benefit
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Should you pay for health insurance in instalments?

livemint.com - 3 Nov 2022 19:54
Should you pay for health insurance in instalments? Check for riders such as waiting period, discounts, free-look period before taking this route
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What Is The Consumer Confidence Index, And What Does It Mean To Investors? The Consumer Confidence Index (CCI) helps economists, businesses, and investors better understand the state of mind of consumers in the U.S. Here's what investors need to know about how the report is created.
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What The Fed!? Mixed Message Rate Announcement Sends Markets Spinning Raising rates more slowly and for longer could help ease the immediate burden on households and give everyone time to adjust.
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Stripe to Cut 14% of Jobs

Wall Street Journal - 3 Nov 2022 18:35
One of the world's most highly-valued startups, payment processor Stripe said it is laying off about 14% of its employees and blamed the harsh economic climate.
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Adidas Stock: How Did Kanye's Antisemitic Rants Hurt His Sponsors? When brands cut ties with a celebrity, there is a financial cost for both parties. Here's how Kanye's rants have hurt his sponsors in the market.
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Qualcomm's Longer Life With Apple Comes at a Cost

Wall Street Journal - 3 Nov 2022 18:06
The chip maker will keep Apple's iPhone business a while longer, but a smartphone slowdown hurts its near-term outlook and complicates its diversification plan.
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