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Market News

Location American Market News for 3 February 2023

'Green' Funds Cost Three Times More Than You Think

Wall Street Journal - 3 Feb 2023 18:21
Buying an ESG fund is a lot like buying in an index fund. That means investors are paying a lot for the small part that is different.
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The Baidu Stock Rally Looks Set To Continue Chinese search engine behemoth Baidu's stock (NASDAQ: BIDU) has witnessed a solid rally over the last month (about 21 trading days), gaining roughly 33%, compared to the broader S&P 500 which was up about 7% over the sam...
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How Unemployment Reached A 50-Year Low Despite Massive Layoffs Despite layoff numbers reaching the hundreds of thousands over the past few months, unemployment is still at a 50-year low.
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A Revolutionary Move For A Better Future

Forbes - 3 Feb 2023 21:06
A Revolutionary Move For A Better Future Harvard economist Raj Chetty is doing something remarkable, and it ought to be a model for how both the government and the private sector can improve the lives of American citizens.
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Strong Labor Market Lends Itself To More Fed Hikes, But Not For Long Look for overstocked businesses to start shedding some workers soon. Fed will be cautious to raise rates into a job market reversal.
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Nordstrom Gets the Diamond-Hands Treatment

Wall Street Journal - 3 Feb 2023 20:53
Ryan Cohen's appearance sent the department store chain's shares surging briefly, but the meme-stock king's aura and influence aren't what they used to be.
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January's Job Report Allays Big Concerns About The Economy's Future The January employment report was extremely strong by absolutely any standard.
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Bitcoin Prices Hold Steady After Strong Jobs Report Beats Expectations Bitcoin prices fluctuated north of $23,000 today, failing to change substantially after the latest jobs report surpassed expectations, a development that could make it easier for Fed policymakers to keep hiking benchmark...
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Jobs Market Parties Like It's 1969

Wall Street Journal - 3 Feb 2023 19:02
A blowout employment report doesn't jibe with layoff announcements at tech companies, but the overall labor picture is a lot more buoyant.
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Does the middle income class will benefit from new tax slabs in FY 2023-24? Making the new income tax regime the default option was one of several changes to the country's income tax structure that India's finance minister Nirmala Sitharaman proposed in her Budget 2023 speech.
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Emerging Market Risk Analysis Must Focus On Resilience (Not Just Disruption) Since 2017, the world has seen 135 significant economic protests against governments.
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Disappointing Earnings From Alphabet, Amazon And Apple Markets have staged an impressive rally so far this year.
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How salaried employees and pensioners can benefit from standard deduction hike? In her budget speech, Sitharaman promised a rise in the annual standard deduction from Rs. 50,000 to Rs. 52,000.
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NextEra Energy's Stock To Likely Rebound After Falling 11% Over Ten Days NextEra Energy Inc. stock (NYSE: NEE), a provider of electricity-related energy services, has declined by 11% over the last ten trading days (two weeks) and currently stands at around $74.
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Overall, manufacturing firms that announced DEI initiatives drew a positive response from investors.
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Gautam Adani's Wealth Almost Halved by Stock-Price Plunge

Wall Street Journal - 3 Feb 2023 16:48
The Indian industrialist's net worth has declined by $58 billion since the publication of a report by a U.S. short seller.
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With Revenue Down 5.5%, Tim Cook Presides Over Shrinking Apple Why has Apple lost its ability to innovate its way to success?
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Schizophrenic Job Market: Very Strong Payroll Growth But Modest Wages The just-released Employment Situation Report from the Department of Labor for January 2023 reports an eye-opening 517,000 new payroll jobs.
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Will CVS Health Stock Rise Post Q4 Results? We expect CVS stock to trade sideways post the results announcement, with Q4 revenue likely falling marginally below and earnings aligning with the consensus estimates.
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Boeing Stock Nosedives Then Recovers After Missing Earnings, EPS - And Their Long Road Of Struggles Isn't Over Yet Boeing has had a rough few years, and the company is still trying to recover. Here are the company's fourth-quarter numbers and the outlook moving forward.
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Labor Market Added 517,000 Jobs In January--Unemployment Rate Falls To 54-Year Low Of 3.4% Despite waves of layoffs hitting some of the nation's largest employers, the labor market overall is still faring much better than expected.
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EBay Stock To Meet The Revenue Expectations In Q4 We expect the stock to edge past the consensus estimates of earnings, while revenues will remain in line (just below) with the expectations.
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