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Location American Market News for 24 October 2023
7th Pay Commission: Good news for Railway employees as Board announces 4% hike in Dearness Allowance (DA). Details here Railway Board increases dearness allowance for employees from 42% to 46% of basic pay.
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Snap reported third-quarter earnings and said its sales have jumped 5% year over year to $1.19 billion.
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Stocks Gain After Major Firms Beat Wall Street Expectations

Wall Street Journal - 24 Oct 2023 22:28
Coca-Cola, General Electric and 3M boosted their outlooks for next year, helping lift U.S. share benchmarks.
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What To Expect From Alphabet's Earnings Today Alphabet Inc. is scheduled to report earnings after Tuesday's close. Here is a closer look at what the Street expects.
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What To Expect From Microsoft's Earnings Today Microsoft Inc. is scheduled to report earnings after Tuesday's close. Here's a closer look at the numbers and what to expect.
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Most Home Buyers Would Settle For A Haunted House--As Sinking Affordability Proves Spookier Than The Paranormal What's scarier than ghosts? 8% mortgage rates.
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While ChatGPT has inspired companies to draw on Microsoft's cloud services for generative artificial intelligence, clients have been cutting cloud costs
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Chevron Acquisition: Oil Giant Buys Hess For $53bn In All-Stock Deal It's official: Chevron is looking to keep up with Exxon after announcing its deal to buy Hess for $53 billion.
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Spotify Hit All the Right Notes

Wall Street Journal - 24 Oct 2023 18:10
The music streamer's strong subscriber and margin growth following a price hike affirms its position in the industry's value chain.
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How can we ensure the smooth transfer of property rights? To execute the said transfer, one may explore relinquishing property rights either via implementing a relinquishment deed or a gift deed.
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Chinese funds are struggling. Is there hidden value in them? China-focused funds have experienced significant volatility in recent months, with declines of 13-19% since January. The weak performance can be attributed to a slowdown in China's economic recovery, concerns about the p...
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The Good And Bad: Photronics & Rogers Corporation See two of the featured stocks from this month's model portfolios.
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Banks Face Shake-Up of Low-Income Lending Rules

Wall Street Journal - 24 Oct 2023 15:37
Top U.S. banking regulators plan to complete a revamp of anti-redlining rules for the era of online banking.
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Alphabet has been continuing to look for ways to cut costs while also stepping up investments in artificial intelligence.
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Alphabet And Microsoft Lead Off The Heart Of Earnings Season After fifteen consecutive Mondays of stocks closing higher, the streak finally came to an end yesterday.
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After More Than 150% YTD Gain, Meta Platforms To Post Mixed Results In Q3 We expect the stock to post mixed results with earnings topping the consensus but revenues missing the mark.
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This $5 Billion Biotech Home Run Took Less Than a Year

Wall Street Journal - 24 Oct 2023 14:00
In a deal that now feels like a biotech version of "Moneyball," Roivant announced it was selling an asset that only 11 months ago it got for free from Pfizer.
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How To Secure 9.5% Dividends For Years And Years The hardest part of convincing folks they can lock in high dividends for the long haul is that many just don't believe it.
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Senior citizens savings scheme (SCSS) collection spikes while PPF rates remain same Small savings schemes play a vital role in the government finances as governments borrow against the National Small Savings Fund
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KKR's Chip Play Will Win Big in Japan

Wall Street Journal - 24 Oct 2023 13:41
The private-equity giant has scored a win in Japan and with a chip price rebound probably around the corner, their timing looks impeccable. Investors should consider going along for the ride.
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How Airlines Boost Revenue With Co-Branded Credit Cards Co-branded cards have gained a lot of traction in the broader travel sector, airlines specifically.
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With Echostar Merger Approaching, What To Expect From Dish's Q3 Results? We expect Dish revenues to come in at about $3.73 billion for the quarter, a decline of about 10% versus last year and roughly in line with the consensus estimates.
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