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Market News

Location American Market News for 20 March 2023

Indonesian Tech Champion GoTo's Tough Balancing Act in 2023

Wall Street Journal - 20 Mar 2023 17:47
Defending market share and regaining growth momentum might prove difficult if the ride-hailing and e-commerce company keeps cutting costs.
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Stock Futures Waver After UBS Strikes Deal to Buy Credit Suisse

Wall Street Journal - 20 Mar 2023 14:38
Global bank stocks came under pressure following the tie-up, which was engineered by regulators.
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Credit Suisse's Death Gives Birth to New Type of Bank Crisis

Wall Street Journal - 20 Mar 2023 14:16
Solid ratios were no defense against a rapid loss of confidence at the Swiss lender, and the way it is being unwound sparks fresh banking sector fears.
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The bank agreed to be bought by UBS, ending 167 years as an independent institution.
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Saudi Investors Get Burned on Credit Suisse

Wall Street Journal - 20 Mar 2023 22:59
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored doubts about.
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Why 186 Other Banks Could Go The Way Of Silicon Valley Bank Close to 190 banks could face Silicon Valley Bank's fate, according to a new study
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What's Next for UBS After Its Whirlwind Rescue of Credit Suisse

Wall Street Journal - 20 Mar 2023 20:56
A weekend of frantic dealmaking changed everything for UBS.
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Big Tech's Cuts Now Hitting Growth Areas

Wall Street Journal - 20 Mar 2023 20:43
Amazon laying off Amazon Web Services workers shows the efficiency drive is now affecting growth areas.
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What treatment does my insurance cover?

livemint.com - 20 Mar 2023 19:45
What treatment does my insurance cover? Ayush treatment taken in a government hospital or in any institute recognized by government and/or accredited by quality council of India/national accreditation board on health is covered under most of the health indemni...
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Housing and the budget impact on redevelopment

livemint.com - 20 Mar 2023 19:39
Housing and the budget impact on redevelopment Sellers who enter into redevelopment agreements for existing houses can be impacted
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Target maturity funds are fine but beware of the reinvestment risk TMFs are not very attractive in a rising interest rate scenario as investors get locked in at lower interest rates
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No direction given on loading ₹2,000 notes in ATMs, says Nirmala Sitharaman As per Annual Reports of the Reserve Bank of India (RBI), the total value of ₹500 and ₹2,000 denomination bank notes in circulation as at end-March 2017 and as at March-end 2022 was ₹9.512 lakh crore and ₹27.057 ...
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From France To The U.S.: Pension Reforms And The Retirement Age Debate U.S. lawmakers are keeping a close eye on the political fallout from France's retirement reform. If the widespread strikes and marches are any indication, the future of Macron's government appears to be in jeopardy.
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SVB Collapse Shows Smaller Banks Can Pose Risk

Wall Street Journal - 20 Mar 2023 18:55
Former regulators say Washington has been too focused on 'too big to fail' banks.
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The JPMorgan Chase chief executive is leading discussions with the chief executives of other big banks about fresh efforts to stabilize troubled First Republic Bank.
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Why It's Gold For The Win - And How You Can Profit Gold prices are closing in on an all-time high above $2,000 an ounce. This pair of MoneyShow contributors weighs in on what's behind the move - and how investors can profit!
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10 Numbers And Charts That Sum Up March's Banking Fiasco The pandemonium surrounding the unraveling of Silicon Valley Bank and Credit Suisse wiped out $275 billion in market cap for the 10 largest U.S. banks over seven trading sessions.
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Banking Stocks And The Fed

Forbes - 20 Mar 2023 16:52
Banking Stocks And The Fed Following a week of turmoil in the banking sector, stock indices managed to close the week in the green on Friday.
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How much SIP is needed to create a corpus of ₹5 Cr in 20 years? A Systematic Investment Plan (SIP), commonly referred to as SIP, is a service provided by mutual funds to subscribers that allows them to make regular investments.
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Fed's Looming Rate Decision Could Confirm Crisis At Hand--Or Raise Odds Of 'Imminent Recession' "In light of the banking crisis, a recession is even more likely--and might be pulled forward," says one investment chief.
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GITA: Gold Is The Alternative

Forbes - 20 Mar 2023 15:51
GITA: Gold Is The Alternative Gold Is The Alternative - GITA! With the risks of a new financial crisis brewing, move over TINA and make room for GITA.
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Elon Musk Says Current Crisis Has The 'Roaring Twenties' experienced soaring economic growth and social advancement, ending in a 90% fall in markets and an unemployment rate of 25%
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