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Market News

Location American Market News for 26 July 2023
This Advisor Puts Community First When Managing Nearly $200 Million For Clients At New York Life Melanie White Terry first became passionate about finance at age 16 when she and her mother joined an investing club with other women and their daughters from their church. She still attends that same church.
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Did The Fed Just Blink?

Forbes - 26 Jul 2023 22:45
Did The Fed Just Blink? The Federal Reserve raised rates by 1/4 point at its July meeting. The Fed is winning its fight against inflation but investors want to know what's next.
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Dow Notches Longest Winning Streak Since 1987

Wall Street Journal - 26 Jul 2023 22:42
The blue-chip index notched a 13th consecutive advance for the first time since January 1987, rising as the Federal Reserve increased interest rates to a 22-year high.
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Investors Can Read the Fed's Poker Face

Wall Street Journal - 26 Jul 2023 20:44
The Federal Reserve doesn't want investors to think it is done with rate hikes. But investors know that.
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Steer clear of these three behavioural pitfalls during bull markets Whenever markets hit an all-time high, it's normal for investors to feel uneasy and consider selling equities in anticipation of a fall.
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What steps should I take to avail a loan for my next business? If you are going for a loan amount higher than ₹5 crore for your business; then lenders, especially public sector banks, will want to see a business plan which is also known as a project report under the Project Loan S...
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Mutual funds: Why direct plans are stealing the show

livemint.com - 26 Jul 2023 18:53
Mutual funds: Why direct plans are stealing the show Investors who already have investments in a regular mutual fund plan should note that their decision to shift to a direct plan is bound to have tax implications.
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Nigel Farage and the Scandal That Engulfed British Banking

Wall Street Journal - 26 Jul 2023 18:39
The debacle is a reminder of the tightrope that banks must walk to manage potentially risky clients.
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In Meta's quarterly earnings report, analysts will be looking to see whether the company's online ad business continues to show improvement.
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3 Mistakes People Make Trading Stocks & How To Avoid Them People are fascinated with the idea of trading stocks for a living. Here are some mistakes to avoid. Overtrading, emotional trading, no plan, and not respecting risk.
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Rules are the latest in a series of policy efforts prompted by the meme-stock boom.
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Where to Put Your Cash After the Fed Raises Interest Rates

Wall Street Journal - 26 Jul 2023 16:00
Savers who delayed moving cash into higher-interest accounts or bank CDs still have time to earn better returns on their savings.
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Boeing said Wednesday that it is transitioning to higher production of its bestselling Max aircraft, at a pace of 38 jets a month.
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This Son Of Cuban Immigrants Manages Over $800 Million For New York Clients At MassMutual Michael Davila started as an advisor at the onset of the financial crisis and had to build his book through "blood, sweat and tears."
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Former Professional Chef And Restaurateur Helps Manage $700 Million For California Clients Pacific Advisors' Andrea Schaffer acts as a sounding board for her clients and likes to use real life stories and examples when offering advice.
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California Banks Merge to Get Smaller

Wall Street Journal - 26 Jul 2023 15:18
The merger of PacWest and Banc of California will actually help shrink the assets of the combined lenders.
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Deutsche Bank Still Has Too Many Plot Twists

Wall Street Journal - 26 Jul 2023 15:12
The German lender's recovery plan combines cost-cutting, opportunistic growth and income distribution, but it is a hard sell in a market that can find simpler stories elsewhere.
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Sam Bankman-Fried Faces New Scrutiny for Pretrial Conduct

Wall Street Journal - 26 Jul 2023 15:00
A judge is set to consider a gag order after prosecutors said the FTX founder leaked documents about his onetime colleague and girlfriend.
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Coke has been raising prices across its portfolio, including another round of hikes during the first quarter.
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BlackRock Stock Topped The Earnings Consensus In Q2 BlackRock's stock (NYSE: BLK) has gained 7% YTD as compared to the 19% rise in the S&P500 index over the same period.
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Will Strong F-Series Sales Power Ford's Q2 Results? Ford is expected to publish its Q2 2023 results on July 27, reporting on a quarter that saw deliveries continue to expand.
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SCSS vs Senior Citizen Fixed Deposit: Which is better for elderly people? Senior citizens prefer low-risk instruments like bank fixed deposits (FDs) and small savings schemes. Returns from both SCSS and Senior Citizen FDs are taxable
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