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Market News

Location American Market News for 29 March 2023
Next Shares Slump 5.5% On Gloomy Outlook, Leads FTSE 100 Lower Retailer falls as it tips revenues and sales to drop this year.
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As Rates Rose, Banks Did a Balance-Sheet Switcheroo

Wall Street Journal - 29 Mar 2023 11:30
Lenders pledged to hold on to money-losing bonds until maturity, allowing them to avoid reporting losses.
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Running Out Of Hard Currency As Inflation Tops 100%, Argentina's Economy Minister Sergio Massa Is Under Pressure After appearing to walk on water for months on end after the cataclysmic exit of his predecessor at the Economy Ministry, Sergio Massa has begun to seriously feel the heat of an economy that remains up in flames.
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Carl Icahn Wants to Bring Illumina's Old CEO Back

Wall Street Journal - 29 Mar 2023 13:32
The billionaire activist, who has launched a proxy battle at Illumina, wants change at the management level too, and he has a candidate in mind for the top spot: former CEO Jay Flatley.
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Is Coinbase Stock Still Worth A Look Following SEC Threats? Cryptocurrency broker Coinbase stock (NASDAQ: COIN) has seen a big sell-off, declining by almost 17% over the last five trading days.
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The News Media Is Killing Itself Through Extreme Polarization To a growing portion of consumers, the news has become repetitive, boring, polarized, inaccessible, off-putting, and misleading.
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Massachusetts securities regulators confirmed they are examining sales of annuities offered by Colorado Bankers Life Insurance.
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Intel Breaks Above 200-Day Moving Average

Forbes - 29 Mar 2023 22:30
Intel Breaks Above 200-Day Moving Average In trading on Wednesday, shares of Intel crossed above their 200 day moving average of $30.61, changing hands as high as $31.89 per share. Intel shares are currently trading up about 7.6% on the day.
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Deutsche Bank Selloff Puts Spotlight on Credit Derivatives

Wall Street Journal - 29 Mar 2023 22:17
Last week's selloff in the bank's shares and bonds has drawn attention from regulators--and sparked debate about whether credit-default swaps fed the market stress.
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How much of my salary should go into SIPs?

livemint.com - 29 Mar 2023 19:14
How much of my salary should go into SIPs? To calculate how much amount you should invest in SIPs, we will have to use the standard formula, which is 100 minus your age to be invested in equity through mutual funds.
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Finance bill and the resultant MLD Meltdown

livemint.com - 29 Mar 2023 19:12
Finance bill and the resultant MLD Meltdown Higher taxation rule for MLDs is applicable retrospectively and not prospectively
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Health insurance policies can't substitute emergency fund needs: Beshak CEO Mahavir Chopra One of the biggest hurdles to insurance penetration in India is the huge trust deficit between insurers and consumers
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Could The US Dollar Collapse?

Forbes - 29 Mar 2023 17:25
Could The US Dollar Collapse? A currency collapse is when a country's currency loses all its value and becomes practically worthless in day to day use
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The Swiss bank, which is in the process of being taken over by UBS, failed to disclose transfers linked to an ongoing tax conspiracy, according to the Senate investigation.
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Stocks This Week: Buy Mondelez

Forbes - 29 Mar 2023 16:51
Stocks This Week: Buy Mondelez The S&P 500 is likely to rally into mid-to-late April. Mondelez is likely to be a leader in the NASDAQ.
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The Banker Tasked With Saving Swiss Banking

Wall Street Journal - 29 Mar 2023 16:50
During Sergio Ermotti's last stint as CEO, UBS slashed thousands of jobs, sharpened its focus and became the dominant Swiss financial institution.
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Online game winnings to attract TDS from April 1: Here's what players should know The government's prerogative is to commence collecting new TDS from April 1 on winning proceeds withdrawn from online gaming.
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Country's Largest Egg Producer Saw Profits Surge 718% Amid Shortage Cal-Maine foods posted $323 million in profit in its most recent quarter as American consumers paid twice as much for their eggs.
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India And Saudi Arabia's Record-Breaking Aircraft Deals Signal A New Travel Boom Recent India and Saudi Arabia mega aircraft orders signals the rise of emerging markets as drivers of global aviation growth.
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Your Shot At Tax-Free 5% Dividends Is Vanishing There's a "delayed reaction" dividend play (for tax-free 5% yields) waiting for us in municipal bonds right now--and it's not going to last.
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Strong Earnings From Lululemon And Alibaba Splitting It was a slow Tuesday with stocks largely unchanged.
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The Happiest Place On Earth? Not For 7,000 Disney Employees As They Begin First Round Of Layoffs Disney has had to make more than others thanks to subscriber losses on its streaming services and expensive purchase of Marvel, Pixar and Lucasfilm.
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