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Market News

Location American Market News for 15 December 2023
Darden Restaurants, which owns Olive Garden and Longhorn Steakhouse, raised its annual earnings per share guidance.
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Visa entered into an agreement to acquire a majority interest in Prosa, a payments processor in Mexico.
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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.
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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.
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Kotak Mahindra Bank partners with GetSetUp to provide health and wellness opportunities to senior citizens; details here Through the GetSetUp subscription, Kotak Grand customers can engage in a variety of experiences related to lifelong learning, facilitated by interactive and compelling classes.
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The 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.
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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.
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Sovereign Gold Bond 2023-24 Series III to open on Monday: All you need to know about SGBs 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.
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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.
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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
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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.
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Russian energy giant Gazprom makes £39m profit in North Sea - latest updates Gazprom has posted a €45m (£39m) profit from its North Sea gas field, sparking calls for a tougher crackdown on the Russian energy giant.
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December 31 last date for adding nominee to mutual fund, demat account -- How to add a nominee to your account 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
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Your Questions Answered: What are corporate FDs and how are they different from bank FDs? 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...
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Each of the past three years had a similarly strong consensus that proved entirely wrong.
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Companies trying to break the grip on rare-earth magnets--a crucial ingredient in modern technology--are encountering unusual hurdles.
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Budget 2024: From minor tax sops to enhanced exemption limits, here's what financial experts expect 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...
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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.
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