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Market News

Location American Market News for 23 June 2023

The 'You-Make-A-Lot-of-Money Tax' Hits More Americans

Wall Street Journal - 23 Jun 2023 11:30
The net investment income tax is coming due for millions more taxpayers than a decade ago. That's no accident.
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Clean Energy's Latest Problem Is Creaky Wind Turbines

Wall Street Journal - 23 Jun 2023 16:36
Shares in Siemens Energy plunged by a third after it said turbine components are degrading faster than expected.
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EPFO snag: Applicants facing technical issues as higher pension deadline inches closer Many applicants are facing technical issues while applying for higher pension from EPF. The deadline to apply for higher pension from EPF deadline inches closer
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Stocks Post Losing Week After Signs of Cooling Economy

Wall Street Journal - 23 Jun 2023 22:32
The declines snapped winning streaks for U.S. indexes.
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Can The Fed Pull Off A Soft Landing?

Forbes - 23 Jun 2023 20:50
Can The Fed Pull Off A Soft Landing? In a slow news week, Commonwealth CIO Brad McMillan says the market reaction to Fed Chair Powell's testimony is something worth talking about.
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Bitcoin Hits 12-Month High As Crypto Bulls Stay 'Buzzing' But "it feels like the current recovery has a short expiration date," one analyst says.
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Yellen Says More Bank Mergers Likely This Year

Wall Street Journal - 23 Jun 2023 17:10
Treasury secretary said she doesn't see a huge threat, but comments show regulators bracing for turbulence.
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S&P 500 & Sectors: Price-To-Economic Book Value Ratio Rises Again In 1Q23 The trailing-twelve-months (TTM) PEBV ratio for the S&P 500 rose from 1.7 as of 3/31/23 to 1.8 as of 5/15/23.
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The Little-Known Way to Beat College Tuition Hikes

Wall Street Journal - 23 Jun 2023 16:00
Some families can prepay and avoid years of tuition increases.
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What To Expect From U.S. Bancorp Stock?

Forbes - 23 Jun 2023 15:00
What To Expect From U.S. Bancorp Stock? The stock price suffered in 2023 due to the fear of an economic crisis after the collapse of Silicon Valley Bank.
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Upside Foods And Good Meat Secure USDA Approval For Lab-Grown Meat - Can You Buy Stocks Now? Investors are chomping at the bit to get in on the promising start-ups.
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Stocks Winning Streak At Risk Of Ending

Forbes - 23 Jun 2023 14:51
Stocks Winning Streak At Risk Of Ending Following a rally on Thursday, markets are trading lower in premarket and could be at risk of snapping their multi-week win streak.
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Will JetBlue Stock Recover To Its Pre-Inflation Shock Highs? The stock has gained 22% since its low in September 2022, aligning with the S&P 500, up 22% during this period.
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These SVB Depositors Got Burned---Now They're Fighting Back

Wall Street Journal - 23 Jun 2023 12:52
Cayman Islands account holders lost their deposits but are still expected to pay back their loans.
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Elliott Just Wants NRG to Be a Boring Company

Wall Street Journal - 23 Jun 2023 12:30
NRG Energy's CEO is thinking about ways to grow. Maybe its investors just want cash.
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Down 10% This Year, What's Next For Bath & Body Works Stock? After a 10% decline year-to-date, at the current price of around $39 per share, we believe Bath & Body Works stock (NYSE: BBWI), the largest specialty home fragrance &...
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Where's the Recession We Were Promised?

Wall Street Journal - 23 Jun 2023 11:30
The economy and the jobs market have turned out to be far less sensitive to interest rates than economists thought, at least so far.
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Why Are Housing Stocks Outperforming?

Forbes - 23 Jun 2023 11:00
Why Are Housing Stocks Outperforming? This compares to the S&P 500 which remains up by about 14% over the same period.
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The island nation's program advertising suggests residency could circumvent bans on services such as Binance.
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A portrait by British painter Francis Bacon will be publicly listed this summer, even as rising interest rates blur the case for investing in art.
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