Stockholders invested 20 000 cash in exchange for common stock

U.S. stock futures are moving higher, led by technology shares on the Nasdaq exchange, after another volatile day of trading ahead of an announcement from Federal Reserve policymakers about the future of monetary policy . Key Takeaways U.S. stock futures are moving sharply higher, led by technology shares on the Nasdaq exchange. Traders are awaiting a 2 p.m. Eastern time announcement from Federal Reserve policymakers about the future of monetary policy. Cryptocurrencies' rally continued. Oil again marched higher, and the dollar strengthened against the euro. Bond yields fell. Microsoft Corporation ( MSFT ) helped lead tech shares higher after reporting fiscal second quarter results that beat expectations while forecasting better-than-expected quarterly sales for the current quarter. Tesla, Inc. ( TSLA ), scheduled to report earnings after markets close today, is also gaining. The Dow Jones Industrial Average (DJIA) was down more than 800 points … [Read more...] about Stocks Gain as Tech Rallies and Investors Await Fed Rate Decision

U.S. equity markets are falling, with the Nasdaq sinking deeper into correction territory as shares of streaming service providers drop. Key Takeaways U.S. equity markets are falling, on their way to further weekly declines, as the Nasdaq sinks deeper into correction territory. Shares of streaming service providers are dropping after Netflix reported slowing subscriber growth. Crude oil futures are falling for a second day. The yield on the 10-year Treasury note is sinking, now at 1.76%. Netflix, Inc. ( NFLX ) is the worst-performing stock in the S&P 500, with shares plunging on its slowing subscriber growth. The news is dragging down shares of The Walt Disney Company ( DIS ) and others in the online entertainment sector. Shares of smaller banks are continuing their week-long decline, led by Huntington Bancshares Incorporated ( HBAN ) following its earnings report. Shares of Intel Corporation ( INTC ) and other semiconductor companies are higher on … [Read more...] about Nasdaq Correction Deepens as Stocks Slide on Rate Concerns

U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

U.S. equity markets are sinking as Russia escalates attacks on Ukraine, raising concerns about disruptions of oil and other commodities. The Dow at one point was down more than 600 points, while crude oil approached $107 a barrel. Key Takeaways The Dow Jones fell more than 600 points as crude oil surged past $105 a barrel and financial and travel company shares slumped. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters, with wheat hitting prices not seen since 2008. Retailers including Target and Walmart are trading higher. Oil prices are soaring to more than $105 a barrel, the highest they’ve been since 2014. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters. Wheat prices are at levels not seen since 2008. Investors continued to put money into haven investments. Bond prices are rising with the yield on the 10-year Treasury note falling another 11 basis points (BPS) to 1.72%. Gold and … [Read more...] about Stocks’ Rout Deepens as Oil Soars and Russian Invasion Raises Recovery Worries

Stocks swooned as monetary policy , geopolitics, and corporate earnings stoked fears, again rattling investors, who scurried for safer investments. Key Takeaways Stocks fall again as monetary policy, geopolitics, and corporate earnings stoked fears Rattled investors scurried for safer investments, pushing bond and gold prices higher. The VIX, the so-called "fear index," climbed higher, continuing a steep ascent that began with the new year. The Nasdaq is down more than 300 points, while the Dow Jones Industrial Average (DJIA) is close to 300 points lower. The CBOE Volatility Index (VIX)—the so-called "fear index"—climbed higher, continuing a steep ascent that began with the new year. Concerns that sent major averages lower yesterday—before markets reversed and roared back to finish the day higher—are back today: rising interest rates as the Fed begins its two-day meeting, and the possibility of a Russian invasion of Ukraine. Investors are also weighing a … [Read more...] about Stocks’ Rout Continues as Rates and Russia Rattle Investors

Cabinet on April 27 approved about fifty percent hike in subsidy for NPK fertilisers to cushion the impact from a surge in global raw materials prices, sources said. Cabinet chaired by prime minister Narendra Modi okayed the proposal to increase the subsidy from Rs 1,650 to Rs 2,500 per bag which will cost the exchequer about Rs 60,000 crore. New subsidy rates will apply from 1 April. This comes as fertiliser companies have started passing on a portion of rising input costs to farmers with reports saying that fertiliser major IFFCO has raised the price of DAP from Rs 1,200 to Rs 1,350 per 50 kg bag (an increase of 12.5 per cent) while NPKS rate has been raised from Rs 1,290 to Rs 1,400 per 50 kg bag (an increase of 8.5 per cent). For other grades of NPK fertiliser - NPK-1 and 2 - the price has increased Rs 20 to Rs 1,470 per bag. More recently, the government on April 19 asserted that there will not be any fertiliser shortage in the upcoming kharif sowing season and it will … [Read more...] about Fertiliser subsidy hike costing exchequer Rs 60,000 crore in lost tax gets thumbs up from Cabinet

As one of the larger companies of the consumer discretionary sector, The Coca-Cola Company ( KO ) shares have enjoyed a relative upward trend since the beginning of 2022 as investors appear to be bracing for potential interest rate hikes. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter. Analysts expect the company to announce $0.41 in earnings per share (EPS) and $8.93 billion in revenue. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days. Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if … [Read more...] about Can Coca-Cola (KO) Keep Up the Trend?

In this photo taken last week, Labour Minister Suchart Chomklin holds a press conference at the ministry on a proposal to amend the Social Security Act to allow subscribers to get an advance on their pension or use it as collateral for bank loans. Wichan Charoenkiatpakul The cabinet's decision to approve a Labour Ministry amendment on May 10, which would allow subscribers of the Social Security Fund (SSF) to get a partial advance on their pension and use their pension as collateral for loans, has been met with both cheers and concern. While Labour Minister Suchart Chomklin says the proposed changes will give a financial lifeline to SSF members during this difficult time, economists and labour advocates warn it could be a disaster in the making -- saying contributions to the fund will match expenditures by 2039, and the fund will likely be in a deficit by 2044. Currently, the SSF has about 2.3 trillion baht in its coffers -- much of it is in the pension scheme, which started … [Read more...] about Public split on pension payout

FOR global investors trying to the gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market. Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices – the Federal Reserve’s (Fed) rapidly tightening monetary policy and China’s sputtering economy. While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week saw the city intervene to prop up its pegged currency for the first time since 2019. Its stock market has tumbled this year at one of the fastest rates globally. Home prices in the world’s least affordable property market are falling and signs of capital flight are multiplying, after portfolio outflows last year topped US$100bil (RM440bil) for only the second time since Hong Kong’s 1997 handover to China. “There’s a lot the city … [Read more...] about Hong Kong becomes world’s must-watch market