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Market News

Location American Market News for 11 August 2023

Here's What a $5 Million Retirement Looks Like in America

Wall Street Journal - 11 Aug 2023 11:30
Retirees open up about their financial lives and how they spend their time and money.
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UBS Sheds Swiss Government Aid for Credit Suisse Takeover

Wall Street Journal - 11 Aug 2023 09:53
The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.
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Here are some of the major companies whose stocks moved on the week's news.
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Stock Market's Summer Rally Cools Off

Wall Street Journal - 11 Aug 2023 22:36
The summer stock market rally has started to cool after the S&P 500 fell modestly for a second consecutive week.
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Judge Sends FTX's Sam Bankman-Fried to Jail

Wall Street Journal - 11 Aug 2023 22:01
A federal judge revoked bail for the founder of the collapsed crypto exchange, saying he was concerned about witness tampering.
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Daily Dividend Report: Martin Marietta Materials, Tyson Foods, Weyerhaeuser, J & J Snack Foods, Spirit Realty Capital Daily Dividend Report: Martin Marietta Materials, Tyson Foods, Weyerhaeuser, J & J Snack Foods, Spirit Realty Capital
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How To Avoid The Worst Sector Mutual Funds 3Q23 I leverage my firm's data to identify two red flags you can use to avoid the worst mutual funds.
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Argentine Elections: Are We On The Verge Of An The electorate appears to be living in a paradoxical moment of euphoria, with a boom in financial assets and consumption, while the country teeters on the verge of def...
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Ex-Div Reminder For ConocoPhillips

Forbes - 11 Aug 2023 16:06
Ex-Div Reminder For ConocoPhillips On 8/15/23, ConocoPhillips will trade ex-dividend, for its quarterly dividend of $0.51, payable on 9/1/23.
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Is Germany's Economic Model Truly Kaputt?

Wall Street Journal - 11 Aug 2023 15:31
An overreliance on foreign markets puts the German economy in a difficult place, but its well-preserved industrial base is an advantage at a time when other countries are trying to reshore manufacturing.
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Up 45% This Year What's Driving The Growth For Eli Lilly Stock? The stock has been on a strong run for the last few years, primarily due to its pipeline potential.
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Where Is Morgan Stanley Stock Headed?

Forbes - 11 Aug 2023 14:00
Where Is Morgan Stanley Stock Headed? Morgan Stanley's stock (NYSE: MS) has gained 3% YTD, as compared to the 16% rise in the S&P500 over the same period.
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Chinese Property Giant Sends Another Distress Signal

Wall Street Journal - 11 Aug 2023 13:39
Country Garden expects to post its worst loss since going public and said it has been attempting a "self-rescue."
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Here's Why We Think ResMed Stock Is Undervalued After An 18% Fall In A Month ResMed (NYSE: RMD), a medical equipment company, has seen an 18% fall in a month, underperforming the broader S&P500 index, up 1%.
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China's Chip Champion Is Taking It From All Sides

Wall Street Journal - 11 Aug 2023 12:19
The U.S.-China tech war is a mixed bag for Semiconductor Manufacturing International Corp.--but the China growth slowdown is all bad.
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Li Auto Stock Falls Despite Robust Q2. What's Next? Chinese electric vehicle maker Li Auto stock posted a stronger-than-expected set of results for Q2 as deliveries surged.
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Is It Patricia Bullrich's Moment In Argentina Or Just A Polling Error? Furthermore, her hypothetical victory in the primaries would set her up for a general election that would lead to a runoff with Economy Minister Sergio Massa which wou...
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Tackling Retirement's Tricky Tax Questions

Wall Street Journal - 11 Aug 2023 11:30
IRA and 401(k) tax questions never end, so here are answers to the latest ones from our readers
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Senior Citizens fixed deposit (FD) rate hike news: This bank offers more than 9% interest rate Suryoday Small Finance Bank (SSFB) offers up to a 9.10% interest rate on fixed deposits for senior citizens
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Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.
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Mutual funds: Why investors are choosing small caps over large and mid-cap funds -- explained Small-cap mutual funds have delivered impressive returns and are favoured by investors for their potential for large gains. These funds offer diversification and have consistently outperformed large-cap funds. SIP inflow...
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Explained: Long-term capital gains from shares and rebate under Section 87A for senior citizens Taxation rules for senior citizens: As per the scheme of taxation of capital gains under the income tax laws, short-term capital losses have to be first set off against short-term capital gains if any for the same financ...
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