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Market News

Location American Market News for 10 May 2023

Toyota's Hybridized EV Strategy Is Expensive

Wall Street Journal - 10 May 2023 16:41
The world's largest automaker expects more than $22 billion in operating profit this fiscal year, and will need it to fund a uniquely broad approach
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Capital One Missed The Consensus In Q1, What's Next? Further, at its current price of $89 per share, the stock is trading 19% below its fair value of $110 - Trefis' estimate for Capital One's valuation.
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Layoffs Misery Continues In Tech With LinkedIn, Intel And Novavax All Axing Roles The layoffs are all at least in the hundreds, and cite difficult economic times as the reason.
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Twilio is gaining customers, but some users are opting not to increase their spending because of economic fears.
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The brokerage firm plans to announce Wednesday that it will offer 24-hour trading of selected stocks and exchange-traded funds, five days a week.
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Stocks, Bonds Rise After Inflation Data

Wall Street Journal - 10 May 2023 22:50
The consumer-price index cooled for the 10th straight month in April.
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Will Tapestry's Stock Trade Higher Following Q3 Results? Tapestry (NYSE: TPR), a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, is scheduled to report its fiscal third-quarter results on Thursday, May 11.
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Bajaj Finance hikes FD rates by 40 bps, senior citizens earn as high as 8.6%; check new interest rates here Best FD rates: The NBFC player has hiked FD rates on several tenures with senior citizens being the biggest beneficiary. Depositors below 60 years age can earn up to 8.35%, while elderlies can earn as high as 8.6%.
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Gold ETF Inflows Continued Rising In April - World Gold Council Fund net inflows stood at $824 million while holdings increased by 15 tonnes.
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Disney is in the process of laying off thousands of employees under CEO Bob Iger's restructuring plan.
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Which small-caps should I invest in?

livemint.com - 10 May 2023 17:47
Which small-caps should I invest in? Your five SIPs should comprise of two large- cap funds, one mid-cap fund, and one flexi-cap fund, while the last one can be in a small- cap fund.
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What makes multi asset allocation funds attractive?

livemint.com - 10 May 2023 17:44
What makes multi asset allocation funds attractive? Ideally, a balanced investment approach is to have adequate exposure to different baskets of asset classes. In this regard, multi asset alvlocation funds offer a one-stop solution.
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More millennials are eager to test the markets via MFs, show data A CAMS study showed that 95% of new millennials chose advisers or distributors for their MF investments.
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Icahn Enterprises Under Investigation by Federal Prosecutors

Wall Street Journal - 10 May 2023 16:47
Inquiry from U.S. Attorney came a day after short seller's report.
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When Buying Now and Actually Paying Later Isn't Enough

Wall Street Journal - 10 May 2023 16:41
Affirm is seeing its rate of delinquent payments drop, but now attention is turning to pricing.
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How Income Investors Can Clobber Short Sellers Let's dive into two simple indicators that can tell us when a dividend stock is set to lurch higher.
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Inflation Concerns Easing In Latest CPI Report As we head deeper into May, markets have a mid-summer feel to them.
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SoftBank Nears Sale of Fortress to Abu Dhabi Fund

Wall Street Journal - 10 May 2023 15:20
The Japanese technology firm is in talks to sell the U.S. investment manager to Mubadala Investment for more than $2 billion.
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Should You Buy CVS Stock At $70?

Forbes - 10 May 2023 13:00
Should You Buy CVS Stock At $70? CVS Health stock (NYSE: CVS) is down 5% in a month, underperforming the broader markets, with the S&P500 down 1%.
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Carvana Can't Afford to Drive Away Business

Wall Street Journal - 10 May 2023 13:00
The troubled used-car seller's selection might suffer if it keeps slashing inventory.
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Indian Tech's Promise of Rivaling China Is Falling Apart

Wall Street Journal - 10 May 2023 12:30
The post-burn era exposes the deep fault lines in the Indian startup ecosystem.
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A disruption of benefits would strain the budgets of many of the 66 million Americans who get Social Security.
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