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Market News

Location American Market News for 9 December 2022

Stock Futures Rise Ahead of Producer-Price Data

Wall Street Journal - 9 Dec 2022 14:36
Stock futures rose ahead of supplier-price figures that will offer one of the final looks at U.S. inflation before the Federal Reserve's next interest-rate decision.
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With Gold Prices Recovering, Is Wheaton Stock A Buy? Wheaton Precious Metals stock has gained about 15% over the last month (around 21 trading days) considerably outperforming the broader markets.
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Senior vs Super Senior citizens: What are the income tax slabs available? For income taxation purposes, a resident is deemed to be a senior citizen if they had been 60 or older but under 80, whereas an individual resident who was 80 years of age or older at any point in the previous financial ...
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You Bought a Hot Fund. Now It's on Ice.

Wall Street Journal - 9 Dec 2022 20:21
Investors who piled into an unconventional Blackstone real-estate fund now can't get more than a sliver of their money out.
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Elon Musk's SpaceX Looks To Capture Defense Contractor Business With New Starshield SpaceX has quietly revealed the Starshield service, which is intended for government use. Here's what we know about the latest from Elon Musk's other new offering so far this week.
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FTX founder Sam Bankman-Fried said that he would testify next week before Congress, setting up a high-profile exchange with lawmakers.
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Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled Stock values collapsed $1.9 trillion last quarter as household debt climbed to a record $18.8 trillion.
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How to determine the best asset allocation for your NPS Investments? The NPS is an excellent investment vehicle for employees across sectors, private and government.
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Target maturity funds vs Tax free bonds: Where should you bet? Tax-free bonds are bonds with tenors of 10 to 20 years that are issued by various PSU organisations and have interest that is not subject to taxation. Target maturity funds, on the other hand, are debt mutual funds that ...
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Netflix Comeback? Shares Surge Again To Make Streamer Best Performing Stock On S&P 500 Following Rout Friday's 5% rally put Netflix shares up 60% over the last six months.
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Rail Union Negotiations: Which Stocks Are Going To Suffer From A Rail Shutdown? We look at the latest in the rail union negotiations and the $2 billion per day impact the strike could have had on the economy this holiday season.
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Oil Market Takes Russian Price Cap in Stride

Wall Street Journal - 9 Dec 2022 17:21
The absence of a price surge is an early win for U.S. officials who strived to water down European sanctions they feared would snarl up global crude trading.
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This Week's Job Report Presents Mixed News For Investors Thursday's jobs report and unemployment report found that November's numbers performed slightly better than expected. But there's more to the picture.
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Fidelity International Wins China Mutual-Fund License

Wall Street Journal - 9 Dec 2022 16:34
The asset manager follows BlackRock and Neuberger Berman in getting Chinese regulatory approval to manage money for individual investors.
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How To Avoid The Worst Sector ETFs 4Q22

Forbes - 9 Dec 2022 16:25
How To Avoid The Worst Sector ETFs 4Q22 The large number of ETFs has little to do with serving investors' best interests. Here are three red flags investors can use to avoid the worst ETFs.
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Stronger Than Expected Inflation Could Send Stocks Lower Heading into Friday, stocks had been higher but today's PPI reading has since sent stocks down in premarket.
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What To Expect From Prudential Financial Stock? Prudential Financial's stock (NYSE: PRU) has lost roughly 5% YTD as compared to the 17% decline in the S&P500 index over the same period.
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Copper and Aluminum Bulls are Running Too Fast

Wall Street Journal - 9 Dec 2022 14:10
As China moves from 'zero Covid,' metals are rallying in hopes of a quick economic rebound, but it may be too early to celebrate.
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Chewy's Online Pet Dominance Could Lose Its Bite

Wall Street Journal - 9 Dec 2022 14:00
The company is still the dominant online pet retailer, but Amazon and big-box retailers are starting to nip at its heels.
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While most consumer habits are reverting back to normal, spending on subscriptions has remained well above prepandemic times. That's partly because people are enjoying them--and partly because they keep forgetting to can...
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Investors need to decide soon how to handle these shocks from their mutual funds. 'It's like getting hit when you're down,' says one retiree.
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The world's largest contract chipmaker reported the November surge thanks in part to orders of semiconductors for high-end smartphones such as Apple's iPhone.
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