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Market News

Location American Market News for 31 January 2023

UBS Attracts Wealthy Clients to Help Lift Profit

Wall Street Journal - 31 Jan 2023 17:13
Switzerland's largest bank by assets attracted new customer money in the quarter, while a rival was weakened.
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Mastercard Exceeded Earnings Expectations, But Will Consumer Spending Remain Resilient? Mastercard's executives are excited about 2023, but the company's investors aren't. Here's the view from both sides of the boardroom.
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FTX executives discussed using Moonstone bank to offer interest-bearing crypto accounts.
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Amazon Stock To Edge Past The Consensus In Q4 While the revenues increased in all the categories, the online store segment witnessed a drop in growth rate as compared to the 2021 levels.
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What Is Supercore Inflation?

Wall Street Journal - 31 Jan 2023 22:05
It's the Fed's new favorite inflation gauge, so what exactly is it and why is it important?
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GM Drains the Dregs of the Pandemic Boom

Wall Street Journal - 31 Jan 2023 19:51
General Motors' annual results show a business on the cusp of radical change and uncertainty.
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Major European oil companies' widening discounts to the two U.S. companies should prompt cross-border M&A talks.
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Amazon Introduces RxPass To Offer $5 Prescription Medication Delivery Services Amazon recently announced RxPass, a low-cost prescription medication delivery service for Prime members. Here are the important details you should know.
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TikTok CEO Gears Up For Congressional Hearing TikTok CEO Shou Zi Chew will testify before Congress on March 2023 regarding the viral app's data security measures. Here's what tech investors should be thinking about.
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How do I claim gratuity from an ex-employer?

livemint.com - 31 Jan 2023 18:43
How do I claim gratuity from an ex-employer? Litigating against ex-employer necessarily may not have an adverse impact if a genuine claim / case has been filed by the employee for enforcing his / her legal right and a disclosure to that effect has been made to the ...
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How Section 80C of IT Act has fallen out of sync with inflation The CII saw an increase of 105% between 2005 and 2014 whereas the 80C limit was increased by a mere 50%.
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For Markets, Good News Is Good News Again

Wall Street Journal - 31 Jan 2023 18:33
In recent weeks investors have begun moving away from their obsession with inflation, shifting markets into a new regime where good news on the economy is again good news for stocks.
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Pfizer Bids Adieu to Covid Boom Years

Wall Street Journal - 31 Jan 2023 18:33
The drug company's financial bonanza from Covid-19 is fading, putting pressure on management to deliver new avenues of growth.
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Black Swan Manager Preps for Financial 'Time Bomb'

Wall Street Journal - 31 Jan 2023 17:25
After an epic 15-year run, hedge fund Universa's Mark Spitznagel says the financial system is poised for a crisis--eventually.
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Budget 2023: 'Expect clarity on some taxes related to capital gains' It is expected that Budget 2023 will bring in a necessary amendment in the explanation to section 55(2)(ac) by expanding the definition of 'FMV'
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Spotify reported fourth-quarter earnings. The company reported 205 million paid subscribers, up 14% from a year ago.
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Pfizer Expects Covid Vaccine And Pill Revenues Will Fall 60% In 2023 Shares of the pharmaceutical giant fell Tuesday as investors respond to lower projected sales for Pfizer's core products combatting Covid-19.
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More People Bank With Companies That Hold Their 401(K)s

Wall Street Journal - 31 Jan 2023 16:00
Many brokerages now offer the same features as a standard checking account, but pay substantially higher interest.
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Up 40% Over The Past Month, Paramount Stock Unlikely To Rally Further In The Near Term Paramount Global stock (NASDAQ: PARA) has rallied by close to 40% over the past month, considerably outperforming the S&P 500.
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The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
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Tesla's Stock Price Is Up 20 Percent. Is Elon Musk To Thank? A strong Q4 performance gave Tesla its most profitable year on record, with 1.8m Tesla units in 2023 predicted to be in production
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Here's What To Expect From Merck's Q4

Forbes - 31 Jan 2023 15:00
Here's What To Expect From Merck's Q4 We expect MRK stock to trade sideways, with its revenue likely falling slightly below and earnings marginally above the street estimates.
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