Market News
Judge Rules Against FTC In Microsoft Activision Case, But They've Already Filed An Appeal
Forbes - 13 Jul 2023 15:13
This week a US judge rule against the FTC in their case to block the transaction, however by Wednesday the FTC had already lodged an appeal of that decision.
The Air-Conditioning Boom Comes to San Francisco and the Northwest
Wall Street Journal - 13 Jul 2023 03:00
Parts of the U.S. unaccustomed to hot summers crank up ACs and pay more for electricity.
Tech Stocks Lead Market Higher After Inflation Falls
Wall Street Journal - 13 Jul 2023 22:27
Waning interest-rate fears drive dollar, bond yields lower.
Where can I get my credit score and how often can I check that?
livemint.com - 13 Jul 2023 19:37
Regularly checking your credit score is important for identifying errors, monitoring for fraud, and improving credit health. In India, credit scores range from 300 to 900, with higher scores indicating better creditworth...
Tax on reduction of capital: Here's how shareholders will get affected
livemint.com - 13 Jul 2023 19:33
The cancellation of shares by an unlisted subsidiary of a listed company has caused concern among investors due to the low price and tax implications. Shareholders will be taxed on the amount paid out as dividend, which ...
Why retail shareholders need to be wary of unlisted firms
livemint.com - 13 Jul 2023 19:29
Reliance Retail's buyback offer highlights the risks faced by retail shareholders in the unlisted shares market, as they now face heavy losses. This episode sheds light on the challenges faced by retail investors in enga...
Meta Stock Surge Adds $60 Billion After Threads Launch--And One Analyst Predicts Potential $1 Trillion Valuation
Forbes - 13 Jul 2023 18:59
Threads could bring in $5 billion ad revenue next year, according to one firm, representing roughly the annual revenue Twitter posted before Elon Musk's takeover.
Ripple Wins Early Dismissal of Some Claims in SEC Lawsuit
Wall Street Journal - 13 Jul 2023 18:40
The cryptocurrency company won early dismissal of some regulatory allegations related to its sale of more than $1.4 billion worth of a digital token known as XRP.
Disney's Iger Just Can't Let It Go
Wall Street Journal - 13 Jul 2023 18:15
Extending the CEO's tenure gives Disney time to address growing problems but adds to succession worries.
Frito-Lay's Flaming Hot Sales
Wall Street Journal - 13 Jul 2023 17:35
As consumers pull back, snack sales remain a source of strength for Pepsi and others.
The Next Chipotle? Cava Stock Briefly Hits All-Time High As Wall Street Eyes Major Expansion
Forbes - 13 Jul 2023 16:26
But you should invest with your head not your stomach, according to one bearish analyst, citing Cava's potentially worrisome financials.
Lucid Stock Drops 12% As Deliveries Miss, Cash Burns, Short Sellers Win
Forbes - 13 Jul 2023 15:53
Lucid's stock has plunged from its peak and its shares are heavily shorted.
Crypto Lender Celsius CEO Is Arrested, Sued by Regulators
Wall Street Journal - 13 Jul 2023 15:48
Celsius Network founder Alex Mashinsky was arrested in New York early Thursday morning and charged with securities fraud.
What To Expect From American Airlines' Q2?
Forbes - 13 Jul 2023 15:00
Earnings are likely to come in at about $1.52 on a per-share and adjusted basis, slightly below the $1.54 consensus estimate.
Banks Can't Shortchange Savers Forever
Wall Street Journal - 13 Jul 2023 14:59
Lenders may feel more competitive pressure to pass on the benefit of higher interest rates than investors appear to think.
Here's What To Expect From Intuitive Surgical's Q2
Forbes - 13 Jul 2023 14:00
We expect the company's revenues to come in at $1.7 billion, aligning with the consensus estimate.
CSX's Top Line To Decline In Q2?
Forbes - 13 Jul 2023 13:00
Earnings will likely come in at about $0.49 per share, in line with the consensus estimate.
Insurers Are in the Hot Seat on Climate Change
Wall Street Journal - 13 Jul 2023 13:00
Companies face rising risks and are under pressure from politicians.
The Key Number to Watch in U.S. Bank Earnings
Wall Street Journal - 13 Jul 2023 13:00
Net interest margin, reflecting the spread banks earn between borrowing and lending, will come under pressure this quarter, investors expect.
With Backing From Billionaire Kwee Liong Tek, This Singapore Startup Is Bringing Crypto Payments To Luxury Hotels
Forbes - 13 Jul 2023 12:00
Dtcpay last month raised $16.5 million in a pre-Series A round led by Kwee, the chairman of Pontiac Land. The investment will see some of Pontiac Land's hotels soon accept payments in crypto.
Can U.S. Steel Stock Return To Pre-Inflation Shock Highs?
Forbes - 13 Jul 2023 12:00
Returning to the pre-inflation shock level means that U.S. Steel stock will have to gain over 59% from here.
Is the Banking Crisis Over? We Could Be About to Find Out
Wall Street Journal - 13 Jul 2023 11:30
Banks' earnings for the second quarter will show whether the recent failures of three lenders and a slowing economy are eroding what has been a long period of strength.