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Market News

Location American Market News for 21 December 2022

Tesla Bears Are Sitting on $15 Billion in Gains This Year

Wall Street Journal - 21 Dec 2022 15:01
The reversal of Tesla's fortunes has been music to the ears of the stock's many detractors who watched in astonishment when it kicked off a monster run in early 2020, with little regard for fundamentals.
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Cannabis Stocks Tumble On Third Failure Of SAFE Banking Act There remains strong opposition to legalization of cannabis, particularly in more conservative areas of the United States and the rest of the world.
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Binance Offers Little Transparency After FTX Fall

Wall Street Journal - 21 Dec 2022 14:10
The exchange's outsize role and complex setup had already drawn scrutiny from the Justice Department and the SEC.
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The Macro Unravelling - The BoJ Is Just The First To Lose Control The Bank of Japan's move to loosen yield curve control is just one illustration of how forces like inflation are sowing chaos in the normal rules of macro and markets.
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When Does The Fed Announce Rate Hikes? Here's What Investors Can Expect From The December Meeting The Fed announces rates at each of its eight annual meetings. In December, it boosted rates by 0.5%. Here's what that means for investors and what we can all expect moving forward.
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No, Portugal's Golden Visa programme is not going away anytime soon On 2 November, Portugal's prime minister Antonio Costa conceded to journalists that the government was doing a re-think on various immigration programmes
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'With funding drying up for startups, sharks got better deals this season' Vineeta Singh, founder-CEO, SUGAR Cosmetics, says outside of Shark Tank, funding environment for startups will remain bleak for some more time.
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Why The Spotify Stock Rally Could Be Short-Lived Shares of streaming giant Spotify (SPOT) have been looking at a whole lot of downside lately.
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Wells Fargo Shares Keep Rolling

Wall Street Journal - 21 Dec 2022 21:02
Despite the bank's regulatory settlement this week, the stock remains among the least-bad performers in a hard-hit sector.
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Sam Bankman-Fried Faces Extradition To U.S.--Here's What To Know The former billionaire faces up to 115 years in prison if convicted on all the charges he faces in the U.S.
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Home Sales Plunge To Great Recession Levels As 'Frozen' Housing Market Adjusts To Elevated Mortgage Rates Existing home sales fell in November for a record 10th-consecutive month, according to data released Wednesday by the National Association of Realtors, as the housing market continues to be one of the worst-hit sectors o...
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Homing in on a Housing Recovery

Wall Street Journal - 21 Dec 2022 19:27
After a miserable year for housing, there are some reasons for optimism.
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Disney Stock On Track For Worst Year Since 1974 Disney is under pressure from many fronts, with its streaming service Disney+ gaining massive subscriber numbers but losing money hand over fist.
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I have nine funds in my equity portfolio. Am I over-diversified? The golden visa allows the investor and his immediate family members, full residency rights in Portugal. While this means that the golden visa investors can live, work and study in Portugal for the entire time, the minim...
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I have nine funds in my equity portfolio. Am I over-diversified? Given your long-term horizon of 15+ years, your aggressive portfolio that is all equity is understandable. However, for reducing volatility and ensuring downside protection, you can introduce a debt component to the port...
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Is There A ChatGPT Stock? Can You Invest In ChatGPT And Other Types Of Artificial Intelligence? Can you invest in ChatGPT? We look at this new, revolutionary product that OpenAI released and other readily available AI investment strategies.
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7 Healthy Buys Among Global Drug Makers

Forbes - 21 Dec 2022 18:06
7 Healthy Buys Among Global Drug Makers With economic worries unsettling investors, it is not surprising that leading advisors, and contributors to MoneyShow.com, are looking to the pharmaceutical sector - Here's a look at seven global favorites, focused on su...
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Earnings Preview: What To Expect From Micron Today Micron Technology Inc. is scheduled to report earnings after Wednesday's close. Here's a closer look.
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Southwest Airlines Stock Has Shed 30% Since Late 2019: Here's Why Southwest Airlines Co (NYSE: LUV) stock price lost more than 30% from $54 in 2019 end to around $37 currently, primarily due to unfavorable changes in its P/S multiple.
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Amgen Stock: How Has The Acquisition News Moved AMGN Shares Since The Announcement? Amgen announced that it is buying Horizon Therapeutics for more than $26 billion. Here is what the deal means for Amgen's business moving forward and for investors.
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Wholesale Inflation Report Update: December 2022 Wholesale inflation slowed in the most recent report, but it is still rising overall. Here are the numbers you need to keep an eye on as an investor.
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Pick Either Abbott Stock Or Its Industry Peer - Both Are Likely To Offer Similar Returns We believe that Abbott stock and Medtronic stock in the medical devices industry will likely give similar returns over the next three years. Although Abbott is trading at a higher valuation of 4.2x trailing revenues, com...
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