Market News
S&P 500 Backs Off Record After Tech Shares Drop
Wall Street Journal - 31 Jan 2024 01:49
Five of the Magnificent Seven tech companies report this week.
Will Nuvama's PRIME plan to flip office buildings work?
livemint.com - 30 Jan 2024 21:53
The alternate investment fund will buy and sell office buildings to generate capital gains
Microsoft to announce quarterly results after the close
CNBC - 30 Jan 2024 21:00
Microsoft is reporting results for the first time since completing the Activision Blizzard acquisition, the largest deal in its 43-year history.
What should be done for smooth transition of family business?
livemint.com - 30 Jan 2024 20:52
A detailed succession plan outlines the principles, policies, and procedures for transferring business ownership
How GM Can Keep the Good Times Rolling: No More EV Screwups
Wall Street Journal - 30 Jan 2024 20:41
To keep profit at a high level, America's top car manufacturer needs to avoid last year's problems with its electric-vehicle program.
UPS announces 12,000 job cuts, says package volume slipped last quarter
CNBC - 30 Jan 2024 20:13
UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.
Pfizer beats earnings estimates as declining Covid business loses less revenue than expected
CNBC - 30 Jan 2024 17:17
Pfizer reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government.
JetBlue swings to a loss, forecasts lower capacity in 2024
CNBC - 30 Jan 2024 17:16
JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.
GM beats Wall Street estimates, forecasts continued strong profit in 2024
CNBC - 30 Jan 2024 17:10
GM's 2023 earnings included several special charges, including $1.1 billion in North American strike costs and $792 million for new commercial agreements.
The Real Evergrande Reckoning Is for China's Foreign Creditors
Wall Street Journal - 30 Jan 2024 15:10
Offshore lenders to other property developers in the country should be worried about the precedent.
Pension: Female government employees can now nominate children; here's how to apply for it?
livemint.com - 30 Jan 2024 14:32
Earlier the female central government employees could nominate only their husband, but now a women can nominate her children too. She must make a written request, stating that family pension should be granted to her elig...
What Investors Need to Know About the U.S. Government's Borrowing Plans
Wall Street Journal - 30 Jan 2024 14:30
The Treasury Department will reveal its debt issuance strategy for the next three months on Wednesday.
World's largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks
CNBC - 30 Jan 2024 14:15
Norway's sovereign wealth fund, the world's largest, was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.
EPS subscribers with multiple accounts: Know the latest rules here
livemint.com - 30 Jan 2024 14:02
Pension from each establishment has to be worked out at the date of exit on actual basis. This means pension from all establishments will be aggregated provided that aggregate will not exceed the wage ceiling. And if it ...
Mortgage price war drives up approvals as homebuyers return - latest updates
Telegraph - 30 Jan 2024 13:50
A price war has increased the number of mortgage approvals to a six month high as the revival of the property market continues, Bank of England figures show.
NPS partial withdrawal, IMPS to SBI home loan discount: Six monetary changes from 1 February
livemint.com - 30 Jan 2024 12:22
From 1 February, users can transfer money through IMPS using just the receiver's mobile number and bank account name, without adding a beneficiary or IFSC code
Key China Bond Yield Hits Lowest in Over Two Decades as Easing Hopes Rise
Wall Street Journal - 30 Jan 2024 11:13
The yield on China's benchmark government bond dropped to its lowest level in over two decades on growing expectations that Beijing will deliver more monetary policy easing to help bolster its economy.
Global Deal Activity on Course to Rebound This Year
Wall Street Journal - 30 Jan 2024 10:10
A downturn in global mergers and acquisitions is on track to reverse in 2024, but dealmaking in corners of Australia's energy and resources sector faces uncertainty as the prices of some commodities slump.
How to invest in a voluntary provident fund to benefit from high interest rates? MintGenie explains
livemint.com - 30 Jan 2024 09:32Wild Swings for China Evergrande Unit Stocks After Liquidation Order
Wall Street Journal - 30 Jan 2024 09:20
Shares of Evergrande's units saw volatile trade a day after the Chinese property giant was ordered to turn over its assets to liquidators.
7 hidden tips on how to use credit card effectively
livemint.com - 30 Jan 2024 09:02
A credit card serves as an excellent and widely used financial instrument, providing the cardholder with a temporary line of credit and boosting purchasing capabilities. Nevertheless, misrepresentation and improper use o...
Why Oil Prices Rose After Shrugging Off a Crisis
Wall Street Journal - 30 Jan 2024 08:00
Seven charts explain oil's surprising moves after the Red Sea attacks.