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Market News

Location American Market News for 7 July 2023
Will Illumina Stock Rebound After A 65% Decline In The Ongoing Inflation Shock? While this may not happen anytime soon, ILMN stock looks attractive from a valuation perspective and can see higher levels.
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Janet Yellen's Visit To Beijing: National Security Versus Economic Cooperation Yellen's recent visit to China has acknowledged concern about new export controls recently announced by China and stressed the importance of building resilient and diversified supply chains.
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Obesity Drugs Won't Starve These Other Potential Blockbusters

Wall Street Journal - 7 Jul 2023 14:00
Stocks of developers of fatty liver disease treatments had been on a tear until results from Eli Lilly's medication were published last week.
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The S&P 500 reversed early gains Friday to end slightly lower.
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Here are some of the major companies whose stocks moved on the week's news.
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Avista Passes Through 5% Yield Mark

Forbes - 7 Jul 2023 21:36
Avista Passes Through 5% Yield Mark In trading on Friday, shares of Avista were yielding above the 5% mark based on its quarterly dividend (annualized to $1.84)
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Sebi issues rules for PE backed MFs

livemint.com - 7 Jul 2023 21:36
Sebi issues rules for PE backed MFs Sebi said the applicant must have a minimum of five years of experience in the capacity of fund manager and an experience of investing in the financial sector.
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Binance Unravels as Executives Flee and Layoffs Proliferate

Wall Street Journal - 7 Jul 2023 19:48
The firm's general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.
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How The Recent Supreme Court Ruling Is Hurting Business The Supreme Court's decision on affirmative action is bad news for American business.
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A Path Forward for Regulating Crypto Markets

Wall Street Journal - 7 Jul 2023 17:00
Two former top regulators argue that litigation by the SEC is only part of the crypto-regulation solution.
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The Job Market vs. Inflation

Wall Street Journal - 7 Jul 2023 16:35
Federal Reserve rate increases haven't cooled the job market or inflation as much as investors thought they would.
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Help Wanted: Retired Bank Examiners to Unravel Bond Mess

Wall Street Journal - 7 Jul 2023 16:08
Regulators are sending job letters to former employees as they look to beef up bank oversight.
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Big-Tech Mutual Funds Soared 30% and More in the Past Year

Wall Street Journal - 7 Jul 2023 16:00
Winners' Circle: The No. 1 fund in our survey posted a 44.6% gain for the past 12 months.
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U.S. Added Less Than Expected 209,000 Jobs Last Month As Labor Market Cools--Slightly The recent resilience of the labor market has largely been bad news for stocks as hopes dwindle that interest rates will soon come down.
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Levi's New Stretch Is Selling Directly to Consumers

Wall Street Journal - 7 Jul 2023 14:24
The denim-maker's results showed that the road to direct-to-consumer selling can get expensive.
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At $10, Nio Stock Looks Oversold

Forbes - 7 Jul 2023 14:00
At $10, Nio Stock Looks Oversold Chinese luxury electric vehicle maker Nio stock published its delivery numbers for June, indicating that it sold a total of 10,707 EVs for the month, up 74% compared t...
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Is The Stock Market In A Bubble Right Now?

Forbes - 7 Jul 2023 13:02
Is The Stock Market In A Bubble Right Now? The rapid growth against a mixed economic backdrop has some analysts questioning whether we're entering bubble territory
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What's Driving The Surge In Digital Infrastructure Stocks? Our theme of Internet Infrastructure Stocks - which includes a diverse set of companies that sell hardware and software that underpin the Internet -- has done well this...
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This Year's Most Buoyant Sector Was a Win for Value Investors

Wall Street Journal - 7 Jul 2023 12:30
Cruise lines were the top performer of the second quarter and among the top U.S. stocks for the year. Their secret was low expectations.
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Middle Eastern sovereign-wealth funds have a lot of money to invest. More of it is set to go to Chinese businesses.
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Ads Are Streaming TV's Next Big Hit

Wall Street Journal - 7 Jul 2023 11:30
Netflix, Disney and now, perhaps, Amazon: More streamers are getting into the advertising game and more viewers are signing on
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Read the Ingredients Before Buying This $25 Billion ETF

Wall Street Journal - 7 Jul 2023 09:51
Microsoft, Amazon and Netflix ended up as large holdings in a popular value-investing index created by S&P, an example of Wall Street tripping over itself.
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