All posts in Stock Market Updates

With product sellers and financiers on the same page, it’s easy for the consumer to click and buy ThemesTechnology | electronic commerce Browse, select, click and pay is a common enough sequence. The ease of shopping on e-commerce sites has been enabled by integrated finance. Technology companies are increasingly adding a layer of connection between a banking company and a consumer-facing organization. The connectivity layer incorporates a financial transaction interface that allows the consumer to make a payment or purchase without leaving an application or site. TO READ FULL STORY SUBSCRIBE NOW FOR ONLY RS 249 PER MONTH. Business-standard.com key…

US stocks fell sharply on Wednesday afternoon as investors digested a key report on the state of US inflation, which was hotter than expected in most major metrics. [Click here to read what’s moving markets on Thursday, May 12] The S&P 500 fell more than 1.5%, erasing earlier gains of up to 1.2%. The index settled at 3,935.18, or its lowest level since March 2021. The Nasdaq fell more than 3% to end at 11,364.24, while the Dow edged lower more than 1% to close at 31,834.11. Treasury yields retook earlier gains and the benchmark 10-year yield fell back below…

Justin Sullivan Thesis In the June quarter Warren Buffett bought one $3 billion stake in Citigroup (NYSE: C). And investors shouldn’t be surprised: Citi trades with deep multiples and its valuation materially lags its peers. For reference, with a P/B of x0.55 and a non-GAAP PE of x6.46 Citi is valued with an industry discount between 30% and 50%. I recognize that since the financial crisis, Citigroup has significantly underperformed the market and industry peers. This is likely one reason why sentiment is lagging bank fundamentals. Or in Buffett’s way of thinking: Investors are still fearful when in reality they…

US stocks fell on Thursday as anxiety grew on Wall Street over key inflation data due on Friday. The S&P 500 fell 2.4% and the Dow Jones Industrial Average dropped 640 points, or 1.9%. The Nasdaq Composite fell 2.8%. Most of the losses came in the final hour of trading as selling accelerated to the end of a bearish session. Investors are gearing up for the Bureau of Labor Statistics the latest Consumer Price Index (CPI) on Friday as they look for more clues about how aggressively the Federal Reserve will raise interest rates. The May reading is expected to…

“As today’s actions show, we stand ready to draw on all our experience and tools to stamp out misconduct and hold bad actors accountable, regardless of industry or profession,” said Gurbir S. Grewal, director of SEC application.Credit…Andres Kudacki/Associated Press A former Indiana congressman, an FBI trainee, a Wall Street banker and several others became an unlikely grouping when federal authorities announced Monday the filing of criminal and civil charges for insider trading against nine people in a set of unrelated cases. The series of cases, filed by the U.S. attorney in Manhattan and the Securities and Exchange Commission, indicate that…

If you’re confused about the stock market, you’re not alone. If you spend 20 minutes watching any of the financial news networks, you will be exposed to multiple opinions about where we are headed. Some think we are gliding towards a soft landing. Others say you should assume the shock position. And in between there are countless opinions. To simplify things, I think there are roughly three potential paths the market could take. Two of them probably don’t pose long-term challenges for investors, but one does. Photo by Ellen Jaskol Charlie Farrell soft landing. You’ve heard it time and time…

Chinese authorities quickly locked down the southern coastal city of Sanya over the weekend, trapping tens of thousands of tourists after a highly infectious strain of the Omicron coronavirus was detected in the province known as the “Hawaii of China.” Cases of Covid-19 in China’s Hainan province rose rapidly during the week to a cumulative 828, prompting authorities to abruptly announce a lockdown in the early hours of Saturday morning. Public transport was suspended, passengers were removed from planes on the tarmac and motorists were diverted from checkpoints to exits in the 1mn beach town, according to local news and…