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Market News

Location American Market News for 30 January 2023
How New Delhi reacts to fraud allegations by a short seller against one of India's largest conglomerates will have a major impact on foreign investors' perception of the country's attractiveness.
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Stocks Slip as Investors Await Fed Meeting

Wall Street Journal - 30 Jan 2023 16:54
The S&P 500 dropped 0.6%, as investors gear up for another important week of corporate results, with earnings due from more than 100 members of the index.
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How Will Bristol Myers Squibb Stock Trend Post Q4 Results? A decline in Revlimid sales will likely more than offset sales growth for Eliquis, Opdivo, and Reblozyl.
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Possession of a plot given but sale deed not executed. Income tax rule explained Since you have handed over possession of the plot to the buyer under the agreement to sale, for the purpose of income tax laws, the transfer has taken place. So you have would be liable to pay tax in the FY 2022-23 in sp...
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Exxon Mobil Stock Likely To Trade Lower Post Q4 Exxon Mobil (NYSE: XOM), a leading explorer, producer, transporter, and seller of crude oil and natural gas, and North America's largest energy company by market cap, is scheduled to announce its fiscal fourth-quarter re...
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The $14.6 billion Grayscale Bitcoin Trust is selling at a 42% discount to its underlying assets.
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Banks Brace for More Consumers to Fall Behind on Their Loans

Wall Street Journal - 30 Jan 2023 12:30
Delinquencies are rising, in some cases surpassing prepandemic levels, prompting banks to add to their rainy-day funds.
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Johnson And Johnson Stock Slips After Missing The Mark For Earnings Johnson and Johnson's stock took a tumble before its Q4 2022 earnings call, and the numbers reported didn't help it bounce back. Here's what happened.
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U.K. Government Has Proposed A £600 Million Package To Help Its Steel Companies Go Green - But Is It Enough To Save The Floundering Steel Industry? We've heard a lot about skyrocketing energy prices in the U.K. over the past year and a half, and its damage to industry in the country. The latest industry in the spotlight is the domestic steel market.
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Who's Making The Greatest Strides In Renewable Energy? Countries And Companies That Are Getting Closer To Net-Zero Emissions With climate change continuing to impact everyone, countries and companies are moving toward net-zero emissions. Here's what you should know.
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LyondellBasell Industries Shares Cross 5% Yield Mark In trading on Monday, shares of LyondellBasell Industries were yielding above the 5% mark based on its quarterly dividend (annualized to $4.76), with the stock changing hands as low as $94.25 on the day.
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Corporate Burnout Is Coming For Investor Profits The more companies lose to corporate burnout, the less profit they have to show investors.
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Why Are Crypto Markets Having Such A Good January? Cryptocurrency markets have been having a great month, rising over 30% in value in January. What major variables drove these gains? Analysts weigh in.
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I Asked ChatGPT To Write About Airline Deregulation In The U.S. Here's How It Went This year marks the 45th anniversary of deregulation in the domestic commercial airline industry.
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Celebrities Who Endorsed Crypto, NFTs Land in Legal Crosshairs

Wall Street Journal - 30 Jan 2023 19:34
Prominent endorsers are named as defendants in class-action lawsuits by investors, while agents warn clients away from future deals.
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'We're seeing a lot of demand for alternatives in smaller cities' Anshu Kapoor, who heads Nuvama Asset Management, says 30% of new customers from beyond top-10 cities
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How is foreign retirement fund taxed in India?

livemint.com - 30 Jan 2023 19:17
How is foreign retirement fund taxed in India? How much of your income shall be taxable in India also depends on your residential status in India. Your residential status must be determined as per the Income Tax Act for each financial year.
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Sovereign green bonds: Know the risks and rewards

livemint.com - 30 Jan 2023 19:06
Sovereign green bonds: Know the risks and rewards Green bonds, popularly known as climate bonds, are fixed interest-bearing financial instruments issued by any sovereign entity / inter-governmental organisation /corporation
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Nissan and Renault Fix One Problem, Leave Others

Wall Street Journal - 30 Jan 2023 16:30
A new era for the unhappy marriage between the two auto makers brings hope but also complications.
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What To Expect From McDonald's Stock Post Q4? McDonald's stock (NYSE: MCD), a restaurant chain consisting of more than 40,000 mostly franchised stores, is scheduled to report its fiscal fourth-quarter results on Tuesday, January 31.
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Kazakhstan Jumpstarts Itself One Year After Protests, Russia Crisis Kazakhstan dodged a bullet. From huge protests, to Russia's war and the threat of sanctions, Central Asia's biggest economy gets back to rebuilding.
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Earnings, Fed, Earnings, Jobs

Forbes - 30 Jan 2023 15:31
Earnings, Fed, Earnings, Jobs It doesn't get much busier than this In the coming week we're going to get earnings reports from one hundred of the S&P 500 companies, across a multitude of sectors.
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