Market News
Netflix Earnings: Stock Slides As Profit Outlook Weakens--Despite Subscriber Growth
Forbes - 18 Apr 2023 22:09
Netflix added 1.75 million subscribers last quarter as profits jumped.
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.
How to maximize returns from fixed deposit (FD) laddering strategy after repo rate pause?
livemint.com - 18 Apr 2023 17:13
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.
Silver Prices Surge As 'Perfect Storm' Fuels Dollar Decline: Why The Precious Metal Could Still Rally Another 18%
Forbes - 18 Apr 2023 17:05
Economic uncertainty will weigh heavily on the dollar this year--setting up "near-perfect" conditions for silver to keep rallying.
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.
Johnson & Johnson beats on earnings and revenue, raises full-year guidance
CNBC - 18 Apr 2023 14:35
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.
Banks' Bond Losses Caused the Crisis. Now the Crisis Is Reversing the Losses.
Wall Street Journal - 18 Apr 2023 15:16
Bond yields have fallen since Silicon Valley Bank's failure, trimming unrealized losses at lenders including Bank of America, which reported earnings Tuesday.
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."
United Airlines posts net loss but forecasts profit for second quarter
CNBC - 18 Apr 2023 22:34
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.
Valley National Among Lenders With High Exposure To 18.6% Office Vacancy Rate
Forbes - 18 Apr 2023 22:27
Cushman & Wakefield expects vacancy rates to keep rising until the second half of 2023. These banks could suffer.
Blutarsky's Revenge: Washington's Futile And Stupid Gesture
Forbes - 18 Apr 2023 22:00
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...
Netflix reports earnings after the bell -- here's what to expect
CNBC - 18 Apr 2023 20:08
Netflix reports first-quarter earnings after the bell on Tuesday, as investors await updates about its new ad-supported tier and password-sharing crackdown.
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.
How is tax calculated for income earned by non-resident Indians?
livemint.com - 18 Apr 2023 18:57
Taxability of income in India depends on the residential status in India, the source of income, and the place of receipt of income.
Choosing between tax regimes: A guide for professionals and businessmen
livemint.com - 18 Apr 2023 18:55
The benefit of standard deduction of ₹50,000 is absent in the new regime
Want to pay less for an SUV? Lease through your employer
livemint.com - 18 Apr 2023 18:52
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
1Q23 Earnings: Where Street Estimates Are Too Low & Who Should Beat
Forbes - 18 Apr 2023 17:23
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.
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.
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.
Banks Don't Understand Bond Math. Do You?
Forbes - 18 Apr 2023 16:00
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...
Will Verizon's Postpaid Woes Continue In Q1?
Forbes - 18 Apr 2023 16:00
We project that earnings will stand at $1.19 per share, compared to consensus estimates of $1.20 per share.
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.