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Market News

Location American Market News for 1 February 2023
Intercontinental Exchange Stock To Edge Past The Expectations In Q4 The exchange surpassed the street expectations in the last quarter, with net revenues (total revenues minus transaction-based expenses) increasing by 1% y-o-y to $1.81 billion.
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Fewer companies than usual are beating Wall Street's fourth-quarter earnings expectations.
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The Fed Is Poised To Hike Interest Rates Again. Is It Enough To Keep Away A Recession? The Fed now faces a delicate line between inflation and recession - and assessing the impact of its massive interest rate staircase from 2022.
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Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.
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The Fed Fights the Fed

Wall Street Journal - 1 Feb 2023 22:50
Policy makers want to convince investors that smaller rate increases won't be a prelude to rate cuts
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India offers a secular growth story to international investors If Indian equities continue to underperform for a few more months, they will be valuation wise well-positioned for the long term and offer a promising long-term investment opportunity.
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What this Budget has on offer for HNIs

livemint.com - 1 Feb 2023 21:17
What this Budget has on offer for HNIs The reduction in surcharge rate from 37% to 25%, is a nudge by the government to make HNIs adopt the new tax regime
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Get a hike in presumptive tax limits now

livemint.com - 1 Feb 2023 21:15
Get a hike in presumptive tax limits now Professionals earning up to ₹75 lakh in a financial year will now be eligible for presumptive taxation, as long as their cash receipts are within the 5% cap of overall turnover.
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New tax regime is very attractive now

livemint.com - 1 Feb 2023 21:11
New tax regime is very attractive now This is especially so for high-income individuals who don't utilize most exemptions and deductions of the old regime
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Foreign travel, overseas investment to get costlier

livemint.com - 1 Feb 2023 21:08
Foreign travel, overseas investment to get costlier If the budget proposals are passed in their current form, Indian tourists and individuals who invest globally are likely to face a surge in upfront costs for their activities. To be sure, extra TCS collected at such poin...
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Of a new tax regime and fiscal prudence

livemint.com - 1 Feb 2023 21:07
Of a new tax regime and fiscal prudence The finance minister remained steadfast on the path of stability, simplification and rationalization of tax provisions.
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Why you should invest in small savings schemes

livemint.com - 1 Feb 2023 21:05
Why you should invest in small savings schemes The maximum deposit limit for SCSS has been raised from ₹15 lakh to ₹30 lakh. And that for MIS has been increased from ₹4.5 lakh to ₹9 lakh for a single account and from ₹9 lakh to ₹15 lakh for a joint accoun...
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Cannabis Stocks Get Increased Attention As More States Legalize Weed -- Do Industry Leaders Like Aurora, Cresco, Evolv And Others Deserve A Place In Your Portfolio? More and more states are legalizing marijuana with every passing year, but it's still federally illegal. This may affect your decisions as an investor.
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How Are Investments Taxed? Reducing Your Tax Bill On Stocks, Options And More Minimizing investment taxes is essential to maximizing your portfolio's overall performance. Here's how you can keep more money in your pocket.
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The Human Development Index, Longevity And You In the U.S., what those futures look like appears to be in flux in a tumultuous economic landscape.
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Earnings Preview: What To Expect From Facebook's Parent Meta Platforms Today Meta Inc. is scheduled to report earnings after today's close.
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EA Shows Why Mobile Games Are a Minefield

Wall Street Journal - 1 Feb 2023 19:16
'Apex Legends Mobile' misfire drives videogame publisher to pull the plug amid tough period
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ConocoPhillips Stock To Likely Trade Higher Post Q4 ConocoPhillips (NYSE: COP), a pure-play oil and natural gas producer, is scheduled to announce its fiscal fourth-quarter results on Thursday, February 2.
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Facebook parent Meta is reporting results following a year in which the stock lost almost two-thirds of its value.
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Europe's Answer to Biden's Climate Bill Is Still Murky Green

Wall Street Journal - 1 Feb 2023 18:59
The EU has launched a new industrial policy it hopes can speed the region's energy transition while keeping manufacturing at home. But companies that stand to benefit are missing important details.
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Snap Losses Top $115 Billion As Company Struggles To Live Up To 'Show Me' Moment Bank of America offered one potential upside factor for Snap shares: A nationwide ban on Snapchat rival TikTok.
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Dow Stocks To Trade In February

Forbes - 1 Feb 2023 18:29
Dow Stocks To Trade In February Here are the best potential longs and shorts in the DJIA in February.
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