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Market News

Location American Market News for 9 February 2023
How Sebi is all set to make AIFs more investor-friendly Winds of change are set to sweep the investment scenario in the country
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Affirm reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.
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The Layoff Conundrum

Wall Street Journal - 9 Feb 2023 20:36
Headlines about layoffs at large companies don't match overall employment data.
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David Zalik co-founded lender GreenSky, which Goldman Sachs bought last year and is betting on to shore up its consumer business.
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Affirm Cuts 500 employees, 19% of Its Workforce

Wall Street Journal - 9 Feb 2023 00:56
The buy now, pay later company expects to pay as much as $39 million in restructuring costs.
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Mattel had hoped the holiday quarter would boost sales as inflationary pressures continue to squeeze consumer demand.
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AI Stocks To Watch In 2023

Forbes - 9 Feb 2023 22:47
AI Stocks To Watch In 2023 In other words, it's time to put eyes on these AI stocks to watch in 2023 as the sector explodes.
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How much more tax-wise are ETFs vs mutual funds?

livemint.com - 9 Feb 2023 21:10
How much more tax-wise are ETFs vs mutual funds? We looked at the difference in post tax returns between mutual funds and exchange-traded funds. Here's what we found
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Affirm's Big Problem Is Buying Now, Not Paying Later

Wall Street Journal - 9 Feb 2023 20:58
The company has had solid credit performance, but it is paying up for funding and faces a tougher outlook for volume growth.
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The drugmaker is offering steep discounts on its immune-disease therapy Humira to protect market share this year.
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Post-budget, here are the products that investors need to focus on now The budget proposes to tax returns from listed MLDs as income from other sources and rightly so, since MLDs are actually fund-raising instruments for the issuers, a point not known to all investors.
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Can I transfer my existing pure term policy to a zero-cost plan? Zero-cost plans are more expensive than regular term plans, meaning you will have to pay extra premiums for 20 years before being eligible for a refund.
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Unilever's New Chief Faces Tough Balancing Act

Wall Street Journal - 9 Feb 2023 18:56
Margins remain under pressure at the consumer giant despite price increases.
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Central Bank Buying May Have Boosted Gold Prices In January - World Gold Council Gold prices rose 6.1% in value in January as the dollar also weakened and US Treasury yields fell.
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Gold And Copper Look Well-Positioned In 2023 The yellow metal rose 5.72% in January, compared to 8.39% in the same month eight years ago.
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Tether on Thursday said it generated $700 million of profit in the December quarter, which the firm has used to boost its reserves.
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Buy The Hype? AI Frenzy Has Stocks Surging And Plunging--But Morgan Stanley Calls The Technology A 'Serious Contender' The technology behind ChatGPT is "showing all the usual hallmarks" of investing fads like cannabis and meme stocks, yet something suggests the tech is worth "considering seriously," says Morgan Stanley.
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Pick Either Norfolk Southern Stock Or This Travel Company: Both May Offer Similar Returns There is more to the comparison, and in the sections below, we discuss the possible returns for NSC and BKNG in the next three years.
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The Battle for America's Smokers Is Heating Up

Wall Street Journal - 9 Feb 2023 16:52
U.S. cigarette volumes fell sharply last year as smokers cut back to save cash. Tobacco giants Altria and BAT also have a new rival on their turf.
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Robinhood Needs More Arrows to Fire

Wall Street Journal - 9 Feb 2023 16:42
The online broker is shrinking its share count and slashing core expenses, but finding new revenue sources is still critical.
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Analyzing Penske Automotive Group's Dividend Growth Potential Penske Automotive Group (PAG) is the featured stock from January's Dividend Growth Stocks Model Portfolio.
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Yelp Stock To Likely Trade Lower Post Q4

Forbes - 9 Feb 2023 16:00
Yelp Stock To Likely Trade Lower Post Q4 Yelp (NYSE: YELP), an online site for discovering local businesses ranging from bars, restaurants, and cafes, to hairdressers, spas, and gas stations, is scheduled to report its fiscal fourth-quarter results on Thursday,...
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