Market News
New regime, new way: budget shines light on computing tax on agri income
livemint.com - 1 Feb 2024 22:11
The method used to compute tax on income of taxpayers with agri income has been included in Finance Bill 2024.
Two Retirees Consider Their Nightmare: What Will We Do if One of Us Dies First?
Wall Street Journal - 1 Feb 2024 19:00
A near-death experience on the road has us wondering whether we should each have a Plan B
Volvo shares jump 20% on higher sales, plans to stop Polestar funding
CNBC - 1 Feb 2024 17:01
Volvo Cars shares surged more than 20% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.
Stocks Rebound After Fed-Induced Pullback
Wall Street Journal - 2 Feb 2024 01:52
Dow industrials notch eighth record close of the year.
Commercial Property Losses Hammer Banks on Three Continents
Wall Street Journal - 1 Feb 2024 22:58
Big lenders to real-estate owners and developers are on the front line of the downturn in office building use and falling valuations.
A plan to detangle old tax disputes
livemint.com - 1 Feb 2024 21:59
Disputed tax demands up to ₹25,000 till FY2009-10, and up to ₹10,000 for FY2010-11 to 2014-15 scheduled to be withdrawn.
No concessions for you and me but expectations remain high
livemint.com - 1 Feb 2024 21:50
Personally, it was heartening to hear about the focus on 'Nari Shakti' through entrepreneurship, ease of living, and dignity through guaranteed participation in government schemes.
Amazon set to report fourth-quarter earnings after the bell
CNBC - 1 Feb 2024 21:45
Amazon's fourth-quarter earnings include the results of its October Prime Day event and the holiday shopping season.
Apple will report earnings after the bell
CNBC - 1 Feb 2024 21:32
The first fiscal quarter, which ends in December, is Apple's biggest quarter of the year by sales and the first full sales period for the iPhone 15.
Ferrari finishes a record year by topping Wall Street's estimates
CNBC - 1 Feb 2024 20:04
The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, or $317.9 million, in the fourth quarter.
Here's a Way to Delay Some RMDs---and Put Off Your Tax Bill
Wall Street Journal - 1 Feb 2024 18:00
Retirement savers who work past their RMD age, even part time, and remain in their employer's 401(k) plan can postpone distributions. Mind the details.
Top 5 banks offer lowest interest rates for home loans above ₹50 lakh. Details here
livemint.com - 1 Feb 2024 16:09
State Bank of India charges interest rate on the basis on borrower's credit score. To borrowers with a high score, the state lender offers loan at 9.15 percent to 9.55 percent.
Peloton posts mixed holiday results, dismal quarterly guidance
CNBC - 1 Feb 2024 16:05
Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals.
Budget 2024: Old vs New income tax regime, who should opt for what and why?
livemint.com - 1 Feb 2024 15:52Merck results beat expectations as top drugs Keytruda, Gardasil post strong sales
CNBC - 1 Feb 2024 15:34
Merck still posted a quarterly loss due to previously announced charges associated with its cancer drug collaboration deal with Daiichi Sankyo.
From income tax to housing: Five proposals that FM Sitharaman made for the middle class in Budget 2024
livemint.com - 1 Feb 2024 14:34
Budget 2024: Finance Minister Nirmala Sitharaman presented Interim Budget 2024, focusing on infrastructure and connectivity
One of America's Hottest Commodities is Probably in Your Trash
Wall Street Journal - 1 Feb 2024 14:30
Demand for old corrugated boxes is rising thanks to new cardboard mills fed with recycled fiber.
What's the Right Interest Rate for the Fed Anyway?
Wall Street Journal - 1 Feb 2024 14:30
Standard models watched by economists at the Federal Reserve and elsewhere suggest that interest rates should now be lower.
Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
CNBC - 1 Feb 2024 14:20
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Budget 2024: 3 key personal finance changes from withdrawal of petty tax demands to extension of deadline
livemint.com - 1 Feb 2024 14:19
Tax benefits to start-ups and investments made by sovereign wealth or pension funds, are expiring on March 31, 2024, which is extended to 31 March 2025
Budget 2024: Tax exemption deadline extended by one year for these categories
livemint.com - 1 Feb 2024 14:10
Tax extensions extended for startups and businesses in Gujarat's GIFT City, as well as sovereign funds and foreign pension funds will attract new investments in the long run.
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
CNBC - 1 Feb 2024 13:29
Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit the year prior.