Market News
U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader
Wall Street Journal - 9 Oct 2023 14:20
The investigation is examining whether Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, traded Russian oil in breach of Western sanctions.
India's Booming Stock Market Is Leaving China in the Dust
Wall Street Journal - 9 Oct 2023 05:00
The South Asian nation's market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
SEC Sues Elon Musk To Enforce Testimony For Twitter Probe
Forbes - 9 Oct 2023 14:49
The news comes as a new investment vehicle from activist investor Bill Ackman could take X public again
Oil Prices, Defense Stocks Rise as Israel-Hamas Conflict Rattles Markets
Wall Street Journal - 9 Oct 2023 22:43
Havens such as gold and global bonds jump, while airline stocks slide.
HCA Healthcare: Rx For Success
Forbes - 9 Oct 2023 21:52
Today, the company's earnings continue to beat expectations and management is revising revenue and earnings upwards for 2023.
Why Porinju Veliyath is betting big on small and micro-caps
livemint.com - 9 Oct 2023 21:10
The founder of Equity Intelligence, who has zero investment in real estate, is also bullish on India's growth story.
Is redemption of inherited funds taxed?
livemint.com - 9 Oct 2023 17:40
Inheritance of foreign assets under a will is not taxable whereas the sale of such assets by the legal heir would attract capital gains tax in the hands of the legal heir.
Review penalty for non-disclosure of foreign assets
livemint.com - 9 Oct 2023 17:40
A recent tribunal decision upholding a penalty of ₹10 lakh for non-disclosure of foreign assets brings up concerns about the proportionality of the penalty. The government should consider whether the cost of litigation...
China's Golden Week Doesn't Glitter
Wall Street Journal - 9 Oct 2023 16:35
Chinese tourism noticeably rebounded during the nation's eight-day Golden Week holiday. But consumption--and more importantly housing sales--remained sluggish.
Lockheed Martin, Northrop Grumman Stocks Notch Best Days In Years Amid Israel-Hamas Conflict
Forbes - 9 Oct 2023 16:15
The defense giants tallied larger single-day gains than they did immediately after Russia's invasion of Ukraine last year.
War Could Bring Added Volatility To Markets
Forbes - 9 Oct 2023 15:43
In premarket activity, the S&P futures are down just over 0.5% and Nasdaq futures are off by 0.8%.
Why the Israel-Hamas War Matters for Investors
Wall Street Journal - 9 Oct 2023 15:28
While market moves were initially muted, what should be a concern is the potential for the war to escalate.
The Rare Indicator That's Still Optimistic About China's Property Market
Wall Street Journal - 9 Oct 2023 14:31
Iron ore's price has risen more than 20% since late May, outperforming metals such as copper and gold.
Will Waters Stock Rebound To Its Pre-Inflation Shock Highs?
Forbes - 9 Oct 2023 14:00
The recent stock decline can partly be attributed to weak demand in China and the company's lowering of its full-year 2023 guidance.
Which Is A Better Pick - Keurig Dr Pepper Stock Or Monster Beverage?
Forbes - 9 Oct 2023 13:00
KDP is a better pick than MNST stock due to its superior revenue growth and financial position, as discussed below.
Apple's Easy Google Money May Get Harder to Keep
Wall Street Journal - 9 Oct 2023 12:30
The government trial targets search deal just as worries grow about iPhone 15 cycle, future in China.
What To Expect From Charles Schwab Stock?
Forbes - 9 Oct 2023 12:00
Charles Schwab stock (NYSE: SCHW) has lost 39% YTD as compared to the 11% rise in the S&P500 index over the same period.
What Could Finally Turn Around Citigroup?
Wall Street Journal - 9 Oct 2023 12:00
Trimming layers of managers will help, but the global bank faces headwinds ranging from interest rates to new capital rules.
Higher Rates Have Bank Stocks on the Mat
Wall Street Journal - 9 Oct 2023 11:30
The KBW Nasdaq Bank Index is trailing the broader market by 37 percentage points this year.
Oil Up 4%: Why Middle East Geopolitical Tensions May Hike Risk Premium Further
Forbes - 9 Oct 2023 08:48
While neither Israel nor Gaza are major crude producers, here are four geopolitical scenarios which may have a profound impact on global crude oil prices.
Borrowers reassess their budgets as student loan payments resume after pandemic
livemint.com - 9 Oct 2023 07:18
Borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments.
What a car loan costs you
livemint.com - 9 Oct 2023 06:44
Apart from the interest rate, also take a look at the applicable processing fee and other charges