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Market News

Location American Market News for 28 February 2023

Credit Suisse Breached Law in Greensill Lapses, Regulator Says

Wall Street Journal - 28 Feb 2023 13:51
Finma, the Swiss regulator, didn't impose any profit penalties but said the bank failed to meet its duties as an asset manager.
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How much SIP should you make to get ₹1 Cr in 10 years via mutual funds? Mutual funds have a track record of being long-term investments where investors pool their funds and invest through fund managers in stocks, bonds, and other securities.
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FTX Co-Founder Nishad Singh Pleads Guilty to Fraud Charges

Wall Street Journal - 28 Feb 2023 21:05
FTX's co-founder and former director of engineering agreed to cooperate against his former boss, Sam Bankman-Fried, making him the third person in the FTX founder's orbit to do so.
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Alibaba Stock's Low Relative Valuation, Strong Earnings Make It A Buy Alibaba stock posted a better-than-expected set of Q3 FY'23 results despite relatively weak macroeconomic conditions and Covid-19-related supply chain and logistics disruptions over the quarter.
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New Home Sales in China Pick Up After a Long Slump

Wall Street Journal - 28 Feb 2023 14:20
China's post-Covid reopening and lower mortgage rates helped draw home buyers back to the country's moribund housing market.
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Is Baidu Stock Still A Buy Following Recent Rally? Chinese search engine behemoth Baidu's stock (NASDAQ: BIDU) posted a stronger-than-expected set of Q4 FY'22 results as growth in the company's cloud computing business helped to offset a slump in the bread and butter adv...
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Ant-Man's Shrinkage Is a Problem for Disney---and Theaters

Wall Street Journal - 28 Feb 2023 14:00
A record second-week decline for a Marvel movie is the latest sign that key franchise may be getting fatigued.
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Rocket Lab said Tuesday it has doubled its order backlog -- from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022.
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Norwegian Cruise Line's stock fell as high costs and debt weigh on the company even as travel demand has stayed strong.
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VC, PE funds take deep cuts to exit startups

livemint.com - 28 Feb 2023 22:02
VC, PE funds take deep cuts to exit startups Some early backers have been forced to exit at steep discounts of 50-60%.
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Let Goldman Sachs Be Goldman Sachs

Wall Street Journal - 28 Feb 2023 21:41
The Wall Street firm can steady returns while focusing on its core strengths.
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Apollo in Talks to Acquire Arconic

Wall Street Journal - 28 Feb 2023 20:59
The aerospace-parts maker is also seeking other offers, people familiar with the matter said.
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Why market-linked debentures need to have grandfathering relaxation For a risk averse investor who wants to invest in a debt security but with a return linked to the market, the market-linked debenture (MLD) perfectly fits the bill
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₹1 crore-income: how life in India is for the high-earners Ever heard this song by ABBA: Money, money, money
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How To Avoid The Worst Style ETFs 1Q23

Forbes - 28 Feb 2023 19:43
How To Avoid The Worst Style ETFs 1Q23 Three red flags you can use to avoid the worst style ETFs.
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Pimco is saddled with a $1.7 billion default in office-market meltdown Columbia Property Trust feels the fallout of rising interest rates
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Retire On These REITs: 3 Clicks To 12.7% Yields Real estate is getting thumped, which means real estate investment trusts (REITs) are a bargain once again.
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How and when should you exit from bad-performing ULIP? The Unit Linked Insurance Plan (ULIP) is an insurance programme that provides both life insurance and investment advantages since its investment component enables customers to place investments in the equity, debt, and b...
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States propose billions in tax relief despite economic uncertainty New Jersey's governor floats rebates as several states including New York and Michigan debate what to do with surpluses.
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Novartis Crosses Below Key Moving Average Level In trading on Tuesday, shares of Novartis crossed below their 200 day moving average of $85.10, changing hands as low as $84.78 per share. Novartis shares are currently trading off about 0.6% on the day.
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Goldman Considers Shrinking Its Consumer Business

Wall Street Journal - 28 Feb 2023 17:30
CEO David Solomon said the bank was considering 'strategic alternatives' for its credit-card and specialty lending businesses.
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3 Clicks To A 12% Dividend (With Big Upside This Year) A recent Bloomberg story, for example, said we'd need $3 million saved to clock out comfortably!
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