Market News
American Investment Banks Are Giving Up Some China IPO Mandates
Wall Street Journal - 14 Jun 2023 11:30
International investors have soured so much on Chinese IPOs that investment banks are backing out of potential listings and even small deals have become a tough sell.
Alkermes To Spin-Off Mural Oncology In 2H23
Forbes - 14 Jun 2023 17:11
ALKS, $31.48, Market Capitalization: $5.2 billion), a fully-integrated, global biopharmaceutical company developing innovative medicines in the fields of neuroscience ...
Manchester United Stock Skyrockets After Rumors Of Qatari Takeover Emerge
Forbes - 14 Jun 2023 13:49
Qatari banker Sheikh Jassim has reportedly made a successful $6.3 billion bid for Manchester United
The End of the Fed's Tightening Is Still in Sight
Wall Street Journal - 14 Jun 2023 22:11
The Federal Reserve is signaling that more rate hikes are coming, but if inflation keeps cooling that is far from certain.
Nike Makes Bullish Cross Above Critical Moving Average
Forbes - 14 Jun 2023 22:10
In trading on Wednesday, shares of Nike crossed above their 200 day moving average of $112.31, changing hands as high as $113.40 per share.
Treasury Yields Rebound After Fed Signals Higher Rates Ahead
Wall Street Journal - 14 Jun 2023 21:59
Yields on shorter-term U.S. government bonds reversed earlier declines after the Federal Reserve held interest rates steady but signaled that it still could raise them more than investors had been expecting.
Shake Shack Stock Has Yet to Hit a Top
Forbes - 14 Jun 2023 21:40
Shake Shack stock is enjoying a boost this afternoon, following a bull note out of Piper Sandler to "overweight"
Fed Pauses Interest Rate Hikes For First Time In Over A Year--But Signals More May Still Come
Forbes - 14 Jun 2023 20:01
Interest rates are sitting at the highest level since 2007.
How NRIs can transfer balance amount from provident fund
livemint.com - 14 Jun 2023 19:37
Assuming you have rendered continuous service of five years or more, the withdrawal of accumulated provident fund balance is not liable for tax as per the above and accordingly, there should be no requirement for TDS.
Why do people shell out lakhs for a club membership in metros?
livemint.com - 14 Jun 2023 19:11
Exclusive clubs in India offer access to a network of influential and wealthy people, as well as sporting and entertainment facilities. Memberships can be expensive, with some clubs charging up to ?50 lakh admission fees...
Inflation, Ad Cuts Can Be Winning Combo for Progressive
Wall Street Journal - 14 Jun 2023 17:37
Auto insurers such as Progressive are finally seeing rates start to catch up to rising repair costs, and cutting ad budgets can help.
Tax Rules to Kick Off New Clean-Energy Market
Wall Street Journal - 14 Jun 2023 17:15
The Biden administration sets the stage for large companies to start buying clean-energy tax credits, bringing fresh sources of capital to projects such as wind farms.
Cracks Emerging In The U.S. Labor Market
Forbes - 14 Jun 2023 17:01
Jeff Schulze of ClearBridge Investments highlights the apparent strength of the U.S. labor market, while also warning about underlying weaknesses
The Retirement Tax Break That Will Pay You an Annual Income
Wall Street Journal - 14 Jun 2023 16:00
Retirees can now earn money for life by giving some of their IRA savings to charity.
3 Contrarian Buys For 15% Yields, 300% Payout Growth As AI Takes Off
Forbes - 14 Jun 2023 15:05
All the "basic" investors out there are busy chasing this AI-driven rally. It's like the crypto and meme-stock messes of 2021 all over again!
AMD's Superchips Face a Trillion-Dollar Hurdle
Wall Street Journal - 14 Jun 2023 14:30
Nvidia has a very strong head start in the artificial-intelligence market, having spent years developing the underlying software code and other key technologies.
What's Happening With Biogen Stock?
Forbes - 14 Jun 2023 14:00
After a 13% rise in Biogen stock (NASDAQ: BIIB) this year, aligning with the broader S&P500 index returns, we believe it has little room for growth.
What a Fed Interest-Rate Pause Means for Your Money
Wall Street Journal - 14 Jun 2023 14:00
After months of interest-rate increases, the Federal Reserve is expected to take a breather.
Regional Banks Face Years of Trouble
Wall Street Journal - 14 Jun 2023 13:26
The banks will be focused on strengthening their balance sheets and trying to keep depositors and regulators happy for a long time to come.
Nio Slashes Vehicle Prices. Will This Help Or Hurt The Stock?
Forbes - 14 Jun 2023 13:00
Chinese luxury electric vehicle maker Nio stock posted Q1 2023 results that were roughly in line with estimates and indicated that it would cut prices on its vehicles ...
'Watering Down' China Chip Restrictions Sometimes Makes Sense
Wall Street Journal - 14 Jun 2023 11:48
There are good reasons for the U.S. to let top Asian chip makers keep producing in China--and it won't help China all that much anyway.
Oil Demand Expected to Peak This Decade as EVs Boom
Wall Street Journal - 14 Jun 2023 11:34
The energy forecaster raised its expectations for 2023 on the back of strong demand from China, but expects demand growth to slow to a trickle within five years as developed nations rapidly shift to cleaner sources of en...