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Market News

Location American Market News for 12 June 2023
The venture-capital giant cites a clearer regulatory path for U.K. crypto startups because of 'more political will' there.
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S&P 500 Closes at Its Highest in Over a Year

Wall Street Journal - 12 Jun 2023 22:20
Stocks will be tested by inflation data and Fed's interest-rate decision this week.
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Wealth Advisors Trumpet High-Yielding Alternatives As Best Way To Weather Market Uncertainty "We're about to go into the greatest liquidity suck of all time," as pandemic liquidity evaporates, attendees at Shook Alternatives Summit were told.
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Billionaire Ray Dalio Issues Warning About Rise Of China, Why He Thinks U.S. Is On The 'Brink Of War' The Bridgewater founder tells the Forbes Iconoclast Summit that history points to a weakening of American influence.
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Copper Market Poised For Unprecedented Growth: Citigroup's Insights And Predictions The copper market could see an "unprecedented" inflow in the coming years as investors seek to profit from the metal's anticipated surge in value.
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Why can't I get a loan despite good credit score?

livemint.com - 12 Jun 2023 19:36
Why can't I get a loan despite good credit score? The loan eligibility of an individual is determined by his repayment capacity, which in turn is determined by the disposable income available for spending after all necessary expenses.
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How discretionary spending boom aids consumer stocks

livemint.com - 12 Jun 2023 19:35
How discretionary spending boom aids consumer stocks Companies in the consumer discretionary sector sell non-essential goods and services, such as appliances, cars, and entertainment.
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Inheritance: How to draft a will that cannot be easily challenged Drafting a will is necessary to ensure smooth transmission of assets, including property, to the next of kin.
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For Corporate Spending, Something's Gotta Give

Wall Street Journal - 12 Jun 2023 16:47
With less money to throw around, companies will be less apt to spend - and shareholders could get the short end of the stick.
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GM Announces It's Going To Use Tesla's EV Charging Network - Sends Other EV Stocks Tanking The second announcement in favor of Tesla's charging network in less than a month sent rival companies' shares spiraling on Friday.
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Here's Why Boeing Stock Is A Better Pick Over RTX There is more to the comparison, and in the sections below, we discuss why we believe that BA will offer better returns than RTX in the next three years.
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Don't Say It Too Loudly, But UBS Just Got a Steal of a Deal

Wall Street Journal - 12 Jun 2023 14:10
The political whirlwind its acquisition of Credit Suisse has stirred in Switzerland gives the country's largest bank reasons to lowball its financial estimates.
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Will Netflix Stock Recover To Its Pre-Inflation Shock Highs? The stock could have considerable potential for gains if its recovers to these levels.
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Nasdaq to Buy Financial-Software Firm Adenza

Wall Street Journal - 12 Jun 2023 12:49
Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal.
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What's Happening With Best Buy's Stock?

Forbes - 12 Jun 2023 12:00
What's Happening With Best Buy's Stock? After an 8% decline over the last six months, at the current price of around $75 per share, we believe Best Buy's stock (NYSE: BBY), an electronics specialty retailer ...
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Nvidia Can Handle Being in the Trillion Dollar Club

Wall Street Journal - 12 Jun 2023 12:00
Generative AI demand will persist, while the chip maker's competitive edge should keep its pricing strong.
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Income tax rule on sale of house property received as alimony by a divorcee -- explained ITR filing: A divorcee can claim exemption under Section 54 on sale of the flat received as alimony if you invest the indexed capital gains for purchase or construction of another residential house property within specif...
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Credit Suisse Era Ends After UBS Takeover Becomes Official

Wall Street Journal - 12 Jun 2023 11:50
The deal marks the end of 167 years of independence for the troubled bank and the beginning of a new stretch in financial history with one dominant Swiss manager of money for the global elite.
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Punjab National Bank (PNB) launches IVR-based UPI 123PAY. How to make UPI payments without internet Punjab National Bank (PNB)introduces an IVR-based UPI solution, UPI 123PAY, enabling any phone user to perform UPI transactions
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Time to add high-yield corporate bonds to your portfolio? What expert says High-yield corporate bonds have seen a surge in interest from investors in recent years due to persistently low interest rates and increasing demand for income generation. However, experts advise investors to weigh the p...
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These three special high fixed deposits interest rate offers to close soon. Details inside Fixed Deposit (FD) interest rates are at a peak, and not expected to go up further with RBI's rate pause. SBI and Indian Bank offer special FD schemes until June 30
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High bank fixed deposit (FD) interest rates may not last for long. Here is why The era of rising fixed deposit rates may be drawing to a close. Experts suggest individuals planning to invest in short- to medium-term FDs should consider booking their deposits promptly,
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