Market News
Olive Garden owner Darden beats earnings estimates, hikes guidance as sales climb
CNBC - 15 Dec 2023 14:57
Darden Restaurants, which owns Olive Garden and Longhorn Steakhouse, raised its annual earnings per share guidance.
Visa Agrees to Acquire Majority Interest in Payments Processor Prosa
Wall Street Journal - 15 Dec 2023 23:36
Visa entered into an agreement to acquire a majority interest in Prosa, a payments processor in Mexico.
Dow Notches Another Record Close
Wall Street Journal - 15 Dec 2023 23:33
The blue-chip index notched its third straight record and closed the week higher after the Federal Reserve opened the door to rate cuts.
E-Signature Company DocuSign Explores a Deal
Wall Street Journal - 15 Dec 2023 20:42
Suitors for the $11 billion company could include private equity and technology firms.
Kotak Mahindra Bank partners with GetSetUp to provide health and wellness opportunities to senior citizens; details here
livemint.com - 15 Dec 2023 16:48The Man at the Center of America's Biggest Insurance Crisis
Wall Street Journal - 15 Dec 2023 16:00
Ricardo Lara said climate change was a threat in California, then insurers fled the state.
Banks Might Come to Miss Higher Rates
Wall Street Journal - 15 Dec 2023 15:14
Falling rates will help banks' bond portfolios, but also pressure income as higher deposit costs linger.
Sovereign Gold Bond 2023-24 Series III to open on Monday: All you need to know about SGBs
livemint.com - 15 Dec 2023 14:07
SGB 2023-24 Series III will be available for subscription from December 18 to December 22, with issuance on December 28. The issue price, based on the average closing price of gold, is yet to be announced by the RBI.
Charter Schools Get Squeezed in Retreat From Low-Rated Debt
Wall Street Journal - 15 Dec 2023 12:30
A slowdown could add to pressure on a sector facing belt-tightening.
Convenience Stores Would Rather Sell You Pizza Instead of Gas
Wall Street Journal - 15 Dec 2023 12:30
Chains such as Circle K and Casey's General Stores are seeing appetizing margins from selling food
Don't Buy China's November Recovery
Wall Street Journal - 15 Dec 2023 11:56
China's economic data is a mess, so strong growth figures for November should be viewed skeptically.
Russian energy giant Gazprom makes £39m profit in North Sea - latest updates
Telegraph - 15 Dec 2023 09:31
Gazprom has posted a €45m (£39m) profit from its North Sea gas field, sparking calls for a tougher crackdown on the Russian energy giant.
December 31 last date for adding nominee to mutual fund, demat account -- How to add a nominee to your account
livemint.com - 15 Dec 2023 09:20
December 31 is the deadline to add nominee to your mutual fund and demat account. Here is the step-by-step process for adding a nominee
Your Questions Answered: What are corporate FDs and how are they different from bank FDs?
livemint.com - 15 Dec 2023 06:08
Corporate fixed deposits, offered by institutions like non-banking financial companies (NBFCs), are term deposits held at a fixed interest rate for a specified duration. They differ from bank fixed deposits and operate a...
Beware the Most Crowded Trade on Wall Street: Next Year's Soft Landing
Wall Street Journal - 15 Dec 2023 06:00
Each of the past three years had a similarly strong consensus that proved entirely wrong.
The Road to China-Free Supply Chains Is Long. Warning: Legless Lizards Ahead.
Wall Street Journal - 15 Dec 2023 06:00
Companies trying to break the grip on rare-earth magnets--a crucial ingredient in modern technology--are encountering unusual hurdles.
Budget 2024: From minor tax sops to enhanced exemption limits, here's what financial experts expect
livemint.com - 15 Dec 2023 05:38
The interim budget would soon be presented before the Parliament on February 1, 2024. The interim budget will exclusively address necessary expenditures, typically having a restricted scope and excluding significant poli...
Blackstone, Canada Pension Plan in $1.2 Billion Joint Venture With FDIC
Wall Street Journal - 15 Dec 2023 01:10
Two units of Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, Canada Pension Plan Investment Board and funds affiliated with Rialto Capital entered a newly formed joint venture with the FDIC.