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Market News

Location American Market News for 13 February 2023

Exxon Is an Exile on Wall Street and Loving It

Wall Street Journal - 13 Feb 2023 16:10
The Dow Jones Industrial Average's shake-up in the summer of 2020 dumped Exxon Mobil, Pfizer and Raytheon just as it was their turn to thrive.
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All Eyes On CPI

Forbes - 13 Feb 2023 15:56
All Eyes On CPI U.S. equites were down last week in what has been a very strong start so far to 2023.
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Amazon Stock Is Undervalued At The Current Levels Amazon's stock (NASDAQ: AMZN) has gained roughly 17% YTD as compared to a 6% increase in the S&P500 index over the same period.
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Palantir's revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%.
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Collecting Pharma's Scraps Can Pay Off for This Biotech

Wall Street Journal - 13 Feb 2023 23:17
Roivant has built a unique model that allows it to benefit from big pharma's need to reduce R&D spending.
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As Sports Betting's Popularity Rises In The U.S., Keep In Mind That It's Not A Replacement For Investing Over 100 million Super Bowl LVII legal betting transactions were recorded this weekend, according to geolocation tracking firm GeoComply. This represents a new all-time record and a robust 25% increase from last year's S...
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How this RIA battled polio, set up a ₹10 crore advisory practice Suda Bhanu Prasad says Sebi should do more to raise public awareness about the investment advisory landscape
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Can NRIs avail of any tax deductions?

livemint.com - 13 Feb 2023 19:35
Can NRIs avail of any tax deductions? Deduction for the differently-abled under section 80DD , which is for maintenance, including medical treatment, of a person with a disability as defined in this section, is also not available to NRIs.
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Stock Market Just Made The 'Same Mistake Again'--Here's Why Experts Are Worried About The Latest Rally With hope for a Fed pivot now dwindling and earnings deteriorating further, the market is "about as disconnected from reality as it's been during this bear market," Morgan Stanley says.
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Stocks Rise as Investors Await Inflation Data

Wall Street Journal - 13 Feb 2023 17:00
Investors broadly expect inflation to continue moderating, though some are wary that it could settle above the Fed's target.
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Sell on eBay or Get Paid on Venmo? You Probably Owe Taxes

Wall Street Journal - 13 Feb 2023 16:00
How to navigate IRS rules this tax season for reporting income from payment apps and services.
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Cineworld's Share Price Leaps 23% On Vue Takeover Speculation Sky News reports that Vue International could bid for the troubled UK chain later this week.
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China's Demographic Balloon Is Rapidly Losing Altitude

Wall Street Journal - 13 Feb 2023 14:17
The population decline could strike at the heart of Beijing's development strategy by eating away at the savings the country needs to finance its expansive industrial policy and research juggernaut.
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Technology Sector Likely To Continue To Lead The technology sector is due to outperform energy as the leading sector into April.
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Three Arrows Founders Start Crypto Bankruptcy Claims Exchange

Wall Street Journal - 13 Feb 2023 12:40
The founders of a failed hedge fund have resurfaced with a $25 million crypto-exchange venture that will let users trade bankruptcy claims from insolvent crypto platforms and funds, including their own.
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Junk-Loan Market Shrugs Off Economic Jitters

Wall Street Journal - 13 Feb 2023 12:30
Investors and company executives say low-rated companies will overcome rising interest rates and weakening demand.
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New SEC Rules Target Corporate Insider Trading

Wall Street Journal - 13 Feb 2023 12:30
Executives selling company stock can wave goodbye to many loopholes.
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This DICGC-backed SFB hikes FD rates, senior citizens can now earn up to 8.71% Fincare Small Finance Bank (SFB) has hiked its interest rates on fixed deposits of less than ₹2 Cr.
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Toyota Stock Looks Like A Buy Despite Tepid Guidance Toyota Motor Corp posted a stronger-than-expected set of Q3 FY'23 results on Thursday.
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IDBI Bank hikes FD rates up to 8.00% on 700 days tenor effective from today The private sector lender IDBI Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr.
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KLM Axiva Finvest launches ₹250 crore secured redeemable NCD issue The issue will open on February 20, and close on March 3. The NCDs are proposed to be listed on BSE Limited and the allotment will be on first-cum-first-serve basis
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Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance Token

Wall Street Journal - 13 Feb 2023 10:18
New York regulators directed a crypto company to stop issuing one of the largest dollar-pegged cryptocurrencies, as a government clampdown on the sector widens.
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