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Market News

Location American Market News for 26 May 2023

What Costco's Baskets Reveal About Consumer Finances

Wall Street Journal - 26 May 2023 18:46
The upper middle class is feeling the economic squeeze too.
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Nvidia Stock Surges Off Huge AI-Focused Earnings Report Here's the latest on the Nvidia earnings report and who the biggest winners - and losers - were off the back of it.
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Debt-Ceiling Fight Could Drive This 7% Dividend Higher There's a lot of rhetoric flying around about the debt ceiling these days, and it's set up a very nice opportunity for us to buy a 7%-yielding closed-end fund (CEF).
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Weak demand for fuel and low oil prices have pushed down gasoline costs after last year's record.
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CME FedWatch Tool Provides More Than 70% Chance Of 25 Basis Point Hike At June Meeting Fed officials will probably hike the federal funds rate by 25 basis points at their next meeting, according to a widely cited data source.
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Stocks Rise on Hopes for Debt-Ceiling Deal

Wall Street Journal - 26 May 2023 22:21
The Nasdaq Composite extends winning streak to five weeks as tech stocks rally.
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Tech Stocks Are Hot But Cash Is Cool

Wall Street Journal - 26 May 2023 17:07
With the ability to earn north of 5% on your cash, it's time to rethink your safest investments.
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AI Stocks Are Flying, but Don't Call the Craze a Bubble

Wall Street Journal - 26 May 2023 15:00
Nvidia and other tech stocks have added billions of dollars in market value as the technology has boomed
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Why Barrick Stock Is Underperforming Despite Strong Gold Prices Barrick Gold stock (NYSE: GOLD) has remained roughly flat year-to-date trading at about $17.50 per share currently.
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Should You Pick AbbVie Stock Over LLY?

Forbes - 26 May 2023 13:00
Should You Pick AbbVie Stock Over LLY? Looking at stock returns, Eli Lilly has outperformed AbbVie and the broader indices.
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Lazard Names Peter Orszag as Next CEO

Wall Street Journal - 26 May 2023 12:45
The former Obama administration official is set to succeed Ken Jacobs, who will become executive chairman.
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Luxury Brands Don't Just Sell to the Superrich

Wall Street Journal - 26 May 2023 12:30
European luxury stocks slipped this week because spending by aspirational shoppers is weakening in the U.S.
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Will Union Pacific Stock Recover To Its Pre-Inflation Shock Level? The stock price has suffered over recent months due to a decline in the volume of carloads, and with economic growth deteriorating, volumes may remain tepid in the nea...
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Bank of India (BOI) revises FD rates, promising up to 7% on 1 year tenure effective from today The public sector lender Bank of India (BOI) has revised its interest rates on fixed deposits of less than ₹2 Cr.
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Income tax return (ITR) filing: Waiting for your Form 16? Here is what you need to know Income tax return filing: Form 16 is commonly used by salaried individuals to file their ITR
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Nine years of Narendra Modi government: How income tax rules changed in this period A look at major changes in income tax rules under PM Narendra Modi's nine-year regime
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Munis on Edge as Debt Ceiling Deadline Nears

Wall Street Journal - 26 May 2023 06:01
City and state governments fear a potential surge in borrowing costs and curtailed federal spending.
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America's Travel Resurgence Is Finally Here

Wall Street Journal - 26 May 2023 06:01
Would-be tourists have the money and the desire to hit the road this summer. Their increased spending could even help fend off a recession.
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The Complete Guide to Haggling in This Economy

Wall Street Journal - 26 May 2023 06:00
From cars to hotels to medical bills, the cost of things we purchase every day is more negotiable than you might think. Here are strategies for asking for a discount.
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Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.
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