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Market News

Location American Market News for 6 December 2023
Down 10% This Year Is Coca-Cola Stock A Better Pick Over AbbVie? In the sections below, we discuss why we believe KO will offer higher returns than ABBV in the next three years.
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Bond Yields Tumble, Stocks Retreat

Wall Street Journal - 6 Dec 2023 23:22
A rally in Treasurys intensified Wednesday, dragging yields to the lowest level since August, while stocks turned lower led by tech shares.
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Daily Dividend Report: Paccar, AWK, Quanta Services, Mastercard, Deere Daily Dividend Report: Paccar, AWK, Quanta Services, Mastercard, Deere
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Europe's Gas Prices Could Fall Further Next Year

Wall Street Journal - 6 Dec 2023 18:59
European natural-gas prices are expected to decline further next year amid lackluster demand and above-average inventories despite a cold start to the winter, some analysts say.
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A good alternative: Why you should Invest in gold via a structured route Structured gold products offer a range of benefits and opportunities for investors
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Is there any way to gift money to a non-resident Indian friend? Since you want to gift the sum of money in rupees to your friend, you won't be able to make the gift by money transfer to his NRO account
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Top China tech fund spurns AI stocks on risks

livemint.com - 6 Dec 2023 18:32
Top China tech fund spurns AI stocks on risks In China, six out the top ten performers on the benchmark gauge this year were lifted on AI wagers
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Snowflake Stock Rises On Growth From Generative AI Guidance for SNOW stock came in above expectations.
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Texas Bank Overdraws Its Own Accounts After Messy Tech Update

Wall Street Journal - 6 Dec 2023 18:09
Regulators are probing Comerica after a botched technology upgrade left the bank's wealth-management unit short millions of dollars.
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Big Tobacco Rethinks Its Smoking Addiction

Wall Street Journal - 6 Dec 2023 16:41
British American Tobacco has taken a $31.5 billion impairment on its cigarette brands, but switching to healthier products isn't straightforward.
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A former chief operating officer is accused of funneling millions of dollars to an Angolan official, including cash payments.
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NFO Alert: Samco Mutual Fund launches Samco Dynamic Asset Allocation Fund; all you need to know Samco Mutual Fund announced the launch of the Samco Dynamic Asset Allocation Fund. The scheme opened for public subscription on December 07, 2023, and will close on December 21, 2023.
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Ambit Asset Management appoints Siddharth Bothra as new Fund Manager of Coffee Can Portfolio Siddharth Bothra replaces Manish Jain as Ambit Asset Management's Coffee Can Fund Manager.
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Can We JOLT Employment This Friday?

Forbes - 6 Dec 2023 15:32
Can We JOLT Employment This Friday? Many Nasdaq stocks are tech and/or growth companies that rely more heavily on borrowing.
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25% rise in purchase volume on e-commerce channels during Diwali; apparel, accessories among most bought items: Visa In Diwali 2023, E-commerce channels experienced a significant 25% increase in purchase volume, as reported by Visa.
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Why Our Top Natural Gas Stock Will Soar In 2024 A 7.7% payer we watch very closely just did something weird for a stock with such a high payout: it hiked its dividend--for the 29th straight year!
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Universal Sompo General Insurance introduces 'Muskaan' with a social cause; details here Muskaan stands as a specialised health insurance offering dedicated support to domestic workers, providing them with effortless access to comprehensive coverage for medical needs and assistance in the event of an acciden...
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What's Next For Nio Stock As Deliveries Continue To Fall Behind Rivals While Nio didn't spell out what drove its growth, the company likely benefited from higher sales of the updated ES6 SUV, which debuted in May, while the price cuts car...
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The Medicare Gold Rush Is Slowing Down

Wall Street Journal - 6 Dec 2023 14:00
UnitedHealth's disappointing outlook and the Humana sale talks intensify concerns that the Medicare Advantage business isn't what it once was.
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The Price Is Right for Indian Stocks

Wall Street Journal - 6 Dec 2023 13:13
After a wild ride in recent years, Indian stocks are enjoying a fresh rally. There's still plenty to be cautious about.
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At some funds, the familiar term "net asset value" can mean different things.
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Bank FD rates: ICICI, HDFC revise interest rates on these fixed deposits. Details here Apart from ICICI, HDFC Bank, Bank of India, Federal Bank too have revised rates on fixed deposits
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