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Market News

Location American Market News for 10 February 2023

SEC Intensifies Crypto Enforcement With Exchange Settlement

Wall Street Journal - 10 Feb 2023 01:39
Digital asset platform Kraken agreed to stop offering so-called crypto staking services in the U.S. and pay $30 million in penalties.
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PayPal CEO Dan Schulman to Retire

Wall Street Journal - 10 Feb 2023 01:02
The company hasn't chosen a successor to Mr. Schulman, who will retire in December.
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Mormon Church's Investment Arm Under Investigation by SEC

Wall Street Journal - 10 Feb 2023 23:44
The $100 billion portfolio of the Church of Jesus Christ of Latter-day Saints was long a secret in the investment world.
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Sports Betting Stock Eyes Superbowl Week

Forbes - 10 Feb 2023 22:06
Sports Betting Stock Eyes Superbowl Week It's going to be a big week for DraftKings, between the Super Bowl and then earnings
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Wall Street Firm Oversees Billions Backing Tether

Wall Street Journal - 10 Feb 2023 19:42
Cantor Fitzgerald helps manage a $39 billion Treasury portfolio that makes up the lion's share of the stablecoin's reserves.
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Understanding China's Foreign Policy And Economic Priorities In Africa And America's Response China's ultimate objective is to institutionalize Sino-African public-private partnerships by utilizing dollar diplomacy to create an ecosystem to support strategic interests.
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Github To Layoff 10% Of Global Workforce In Latest Tech Cuts CEO Thomas Dohmke has stated he wants the company to focus more on their AI capabilities, including the coding assistant Copilot
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After great returns last year, covered-call funds are all the rage among income-oriented investors. But their high yields aren't a free lunch.
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PayPal Needs to Show It Can Play Defense and Offense

Wall Street Journal - 10 Feb 2023 17:05
With e-commerce spending growth slower, market share is becoming a key metric in digital payments.
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Stocks Waver as S&P 500 Heads for Worst Week So Far This Year

Wall Street Journal - 10 Feb 2023 16:36
The S&P 500 continued its slide, and oil prices rose after Russia said it planned to cut production.
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Top 5 reasons to choose gold loan in an emergency cash crisis In the past few years, gold loans have emerged as a viable option for many to access credit in times of need such as for a big purchase, or for sponsoring family trips around festival seasons.
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A Stock Picker's Market?

Forbes - 10 Feb 2023 16:07
A Stock Picker's Market? Through Thursday, the S&P 500 is down 1% while the Nasdaq 100 has lost just under 2%.
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Here's What To Expect From Medtronic's Q3

Forbes - 10 Feb 2023 16:00
Here's What To Expect From Medtronic's Q3 We expect Medtronic stock to trade higher post Q3, with its revenues and earnings likely falling above the street estimates.
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Less than 1% corporates offer infertility coverage in group health insurance: Survey Among Plum's clients, approximately 2% have already incorporated IVF covers under their group policy. Renowned companies such as Google and Flipkart have IVF covers in their corporate health policies
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What To Expect From Keurig Dr Pepper's Q4?

Forbes - 10 Feb 2023 14:00
What To Expect From Keurig Dr Pepper's Q4? We expect KDP stock to trend higher, with Q4 revenues likely falling in line and earnings slightly above the consensus estimates.
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Adani Crisis Complicates India's Infrastructure Ambitions

Wall Street Journal - 10 Feb 2023 13:44
India has struggled to attract private capital to infrastructure projects. In Adani Group, New Delhi found an ally ready to promise billions to build a shinier India.
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Lyft's Defensive Driving Stalls Out

Wall Street Journal - 10 Feb 2023 13:30
Having focused heavily on profits, ride-hailer Lyft is now getting beaten by rival Uber at its own game.
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Does Disney's Big Overhaul Make The Stock A Buy? Disney posted a stronger-than-expected set of Q1 FY'22 results on Wednesday and announced a major reorganization of its businesses.
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Where Are Yields Headed Next?

Forbes - 10 Feb 2023 12:55
Where Are Yields Headed Next? The Viper Report's Tom Aspray, a top bond market technician according to the WSJ, recently identified the August 2022 peak in yields as well as the October low. Tom now shares his current analysis of where he thinks yiel...
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The Super Bowl's Most Reliable Stock Market Indicator? The Ads

Wall Street Journal - 10 Feb 2023 12:30
The Eagles and Chiefs will play second fiddle to the commercials for many Americans, but investors looking for ideas should brace for an upset
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FOMO Options Bets Sweep Market

Wall Street Journal - 10 Feb 2023 12:30
Activity tied to shares of Apple, Meta Platforms and Tesla has touched some of the highest levels in history in recent weeks.
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This private bank shall give 7.25% return on 1 to 2 yrs FD effective from Feb 11 Incorporated in 1938, Jammu and Kashmir Bank (J&K Bank) is one of India's oldest private sector banks and a scheduled commercial bank.
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