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Market News

Location American Market News for 12 January 2024
European bank executives say the industry is likely to handle the shift with resilience, though analysts expect last year's big earnings boost will lose steam in 2024.
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Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank's share price.
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S&P 500 Falls Short of Record Despite Weekly Gain

Wall Street Journal - 13 Jan 2024 01:30
The S&P 500 flirted with a record Friday but fell short, weighed down by a decline in airline stocks.
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Banks Can't Count on Loans For Growth

Wall Street Journal - 12 Jan 2024 21:06
As interest rates fall, growing loans is getting more important, but also trickier.
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Citigroup Plans to Cut 20,000 Jobs

Wall Street Journal - 12 Jan 2024 19:53
The cuts will amount to about 10% of the bank's workforce, excluding the Mexico business.
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The settlement ends a long-running investigation of how the Wall Street firm sold large tranches of stock for sophisticated clients.
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Bank of America's net income fell to $3.1 billion in the fourth quarter, from $7.1 billion a year ago.
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Making your first stock purchase? Here's a step-by-step guide for beginners Mastering the demat process involves understanding the intricacies of digital trading and making informed decisions. Here's a step-by-step guide to help you navigate your first stock purchase with confidence.
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Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago.
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JPMorgan Posts Record Annual Profit Despite Quarterly Slip

Wall Street Journal - 12 Jan 2024 17:00
The biggest bank in the U.S. has benefited from higher interest rates, which increased margins in its lending business.
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Personal loan: Lowest interest rates offered by 6 major banks including HDFC Bank, SBI, ICICI Bank - check full list Raising a personal loan is quite easy if you are a salaried employee. The documents required for the same include the past three months' salary slips, bank statement and ID proof documents such as driving license or Aadh...
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National Youth Day: How insurance products can help young Indians achieve their long-term financial goals While purchasing life insurance solutions may not be the top priority for young investors, it is not only cheaper but also more advantageous that they prepare themselves for life's contingencies by purchasing the right i...
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Tax Guide 2024: Electric-Vehicle Tax Credits

Wall Street Journal - 12 Jan 2024 16:00
A guide to the changing rules for federal tax credits on EV purchases.
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From Savings to Stocks: 10 important steps to transition smoothly with your first demat investment Building a foundational understanding of how the stock market works is crucial. Explore resources, attend workshops, and utilise online platforms to familiarise yourself with basic concepts such as stock types, market or...
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The acquisition of the private-equity firm would be BlackRock's largest in 15 years.
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Bitcoin ETFs Are Live. Cue the Fee War.

Wall Street Journal - 12 Jan 2024 14:30
Asset managers slashed fees on their bitcoin exchange-traded funds multiple times in the days leading up to their launch.
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SBI launches special fixed deposit (FD) scheme: Ten things to know about SBI Green Rupee Term Deposit (SGRTD) State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit (SGRTD) scheme to mobilise funds for environment-friendly initiatives and projects, supporting the growth of a green finance ecosystem in India
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D-Street Dictionary: 10 complex stock market terms and their meanings every beginner should know Let's demystify the complexities and break down the key jargon associated with demat accounts for a more accessible understanding.
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Beyond financial returns: How today's youth are balancing profit with purpose with sustainable investment opportunities Sustainable investments extend beyond traditional boundaries. These include green bonds for environmental projects, renewable energy for a cleaner future, 'Make in India' for domestic manufacturing, and EV infrastructure...
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Britain 'still at risk' of technical recession despite growth boost - latest updates Britain remains at risk of recession, economists have warned, despite official figures showing the economy grew by more than expected in November.
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12 essential financial planning rules for a successful investment journey in 2024 Financial planning and asset allocation are important for investors. Use this opportunity to streamline your financial freedom journey with these 12 financial planning rules.
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Budget 2024: Some modifications in personal tax quite possible, says Sujit Bangar of TaxBuddy The deduction available under Section 80D may be enhanced to ₹75,000/- from the existing ₹25,000/- to promote health insurance, given rising health care costs.
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