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Market News

Location American Market News for 18 April 2023
Netflix Earnings: Stock Slides As Profit Outlook Weakens--Despite Subscriber Growth Netflix added 1.75 million subscribers last quarter as profits jumped.
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Kidney-Care Specialist Diaverum to Be Sold in $2 Billion Deal

Wall Street Journal - 18 Apr 2023 22:29
Mubadala-backed M42 would buy the operator of 440 dialysis clinics from buyout firm Bridgepoint.
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How to maximize returns from fixed deposit (FD) laddering strategy after repo rate pause? FD laddering is a strategy where an investor spreads their investment across multiple FDs with different tenures and interest rates, creating a ladder of maturity dates.
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Silver Prices Surge As 'Perfect Storm' Fuels Dollar Decline: Why The Precious Metal Could Still Rally Another 18% Economic uncertainty will weigh heavily on the dollar this year--setting up "near-perfect" conditions for silver to keep rallying.
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Europe Takes Aim at Taxpayer-Funded Bank Bailouts

Wall Street Journal - 18 Apr 2023 19:21
A planned overhaul of the eurozone bank-rescue regime comes amid debate over protecting depositors in the U.S. and the U.K.
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J&J, whose financial results are considered a bellwether for many health companies, said its first-quarter sales grew 5.6% over the same quarter last year.
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Bond yields have fallen since Silicon Valley Bank's failure, trimming unrealized losses at lenders including Bank of America, which reported earnings Tuesday.
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Republicans Pummel SEC's Gensler Over Crypto Crackdown

Wall Street Journal - 18 Apr 2023 23:49
The agency's chair says he has never seen an industry "so noncompliant with laws."
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United reported a loss for the first three months of the year but forecast a profit for the second quarter, when the peak summer travel season picks up.
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Valley National Among Lenders With High Exposure To 18.6% Office Vacancy Rate Cushman & Wakefield expects vacancy rates to keep rising until the second half of 2023. These banks could suffer.
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Blutarsky's Revenge: Washington's Futile And Stupid Gesture The debt ceiling fight is basically "Animal House Goes to Washington." But instead of ruining a college homecoming parade, this "futile and stupid gesture" could ruin America's credit rating -- and potentially, the globa...
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Netflix reports first-quarter earnings after the bell on Tuesday, as investors await updates about its new ad-supported tier and password-sharing crackdown.
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Credit Suisse Failed to Probe Nazi Past, Senate Committee Says

Wall Street Journal - 18 Apr 2023 20:01
An investigation unearthed details of relationships with some high-ranking Nazis that the bank hadn't disclosed before.
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How is tax calculated for income earned by non-resident Indians? Taxability of income in India depends on the residential status in India, the source of income, and the place of receipt of income.
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Choosing between tax regimes: A guide for professionals and businessmen The benefit of standard deduction of ₹50,000 is absent in the new regime
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Want to pay less for an SUV? Lease through your employer Tax deductions on such leases will help bring down the cost of a vehicle by at least 20-40%.Car leasing allows an individual to use a vehicle for a specified duration by paying rentals regularly
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1Q23 Earnings: Where Street Estimates Are Too Low & Who Should Beat In this report I show the frequency and magnitude of understated Street Earnings in the S&P 500 and five S&P 500 companies likely to beat 1Q23 earnings.
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Amazon's Slowdown Has Yet to Pinch Its Landlord

Wall Street Journal - 18 Apr 2023 16:50
Warehouse giant Prologis said rents continued to rise in the first quarter, as U.S. consumers keep spending money online.
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S&P Opens Higher as Bank Earnings Roll In

Wall Street Journal - 18 Apr 2023 16:31
Stock indexes moved modestly lower as results from major banks including Goldman Sachs and Bank of America trickled in. Other companies reporting Tuesday included Johnson & Johnson.
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Banks Don't Understand Bond Math. Do You?

Forbes - 18 Apr 2023 16:00
Banks Don't Understand Bond Math. Do You? If nothing else, the banking crisis in March that saw three banks--Silicon Valley Bank, Signature Bank and Silvergate Bank--fail and a forced marriage between Credit Suisse and UBS, highlighted the importance of understa...
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Will Verizon's Postpaid Woes Continue In Q1? We project that earnings will stand at $1.19 per share, compared to consensus estimates of $1.20 per share.
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Goldman Sachs Reports Lower Profit

Wall Street Journal - 18 Apr 2023 15:39
Results were hurt by a slowdown in deal making and a sizable loss on the sale of part of its Marcus personal loan portfolio.
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