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Market News

Location American Market News for 20 May 2023

Returning to the Office Is Killing My Budget

Wall Street Journal - 20 May 2023 14:00
As my expenses have taken off, I've had to take a hard look at my spending.
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Who Is James Gorman? Morgan Stanley CEO, Taylor Swift Booster

Wall Street Journal - 20 May 2023 00:32
The Australia native made his way to New York for business school, and eventually the bank.
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Young Investors in College Clubs Embrace Wild Market Ride

Wall Street Journal - 20 May 2023 17:00
Clubs are managing thousands, sometimes even millions, of dollars.
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China's Wavering Recovery Reverses Copper Rally

Wall Street Journal - 20 May 2023 14:00
Copper prices have slumped to a five-month low, also reflecting the resolution of supply disruptions and some traders stepping up bearish bets against the metal.
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The deposit crisis that toppled First Republic and two other banks has only made JPMorgan stronger.
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As Signs Of Recession Mount, The Fed Reiterates Its Hawkish Path (Even Volcker Relented As The Recession Approached!) A weakening consumer and strains in the banking system imply Recession. There appears to be several hawkish FOMC members who still believe that rates should go higher.
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How angel tax provisions will attract global investments? The Central Board of Direct Taxes (CBDT) expanded its evaluation methodologies under the angel tax provision for foreign investors in start-ups on Friday.
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Icahn Is No Saint, but Illumina Can Still Use a Flawed Savior

Wall Street Journal - 20 May 2023 16:00
Despite a short seller's accusations that his company has inflated its asset prices, Carl Icahn's effort to shake up Illumina's board is still very much in the interest of shareholders.
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Index Funds Are For 'Basic' Investors, Buy These 7% Payers Instead Stocks return about 7% per year on average, you should do well in the long run. So you just can't argue with the power of index investing, right?
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Sukanya Samriddhi Yojana (SSY) calculator: Your child may have ₹51 lakh at age 21 Central government has increased Sukanya Samriddhi Yojana interest rate for April to June 2023 from 7.6% to 8%
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Spend up to ₹7 lakh outside India with your international debit, credit cards without worrying about TCS TCS on international debit, credit cards: The government had earlier this week brought overseas credit card spending under Liberalised Remittance Scheme (LRS)
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Index Decline Undermines Investor Expectations The Conference Board's Leading Indicators Index declined for 13th month
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