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Market News

Location American Market News for 2 February 2024
Cracking the code: How to master UPI fraud management? MintGenie explains Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning...
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Over two-thirds of demat accounts are without nominations: Sebi Sebi has set a deadline for account holders to nominate beneficiaries or formally opt out, warning that non-compliance would lead to account deactivation
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S&P 500, Dow Reach New Highs

Wall Street Journal - 3 Feb 2024 01:37
Megacap tech shares led by Meta Platforms propelled stock indexes higher Friday while a stronger-than-expected jobs report shook the bond market.
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A Jobs Mystery: Where Are All the New Employees Coming From?

Wall Street Journal - 2 Feb 2024 21:05
Discrepancies in government data mean the economy might have more room to add jobs than previously thought.
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Want a Tax Shelter? Buy a Bond Fund

Wall Street Journal - 2 Feb 2024 20:00
Right now, you can raise your exposure to bonds with decent yields while reducing your exposure to taxes. Grab this deal while you can.
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The hack coincided with the crypto exchange's meltdown more than a year ago.
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The difference between top-returning money funds and the bottom is about 5 percentage points after the Federal Reserve's rate-hike campaign.
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International banks often have greater exposure to U.S. downtowns and big cities.
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Exxon's profit fell in fourth quarter compared to the prior year as crude prices fell.
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Bristol Myers Squibb also issued its full-year 2024 forecast, which was generally in line with expectations.
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Top 5 banks offer highest interest rate on fixed deposits to senior citizens Those who want to earn marginally higher interest rates on their fixed deposits, at times, lock them in the name of their old parents since banks offer generally 50 basis points higher interest rate to senior citizens.
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How Do You Turn Around a Bear Market? China Has One Answer

Wall Street Journal - 2 Feb 2024 14:40
China has pushed a group of state-linked companies to buy exchange-traded funds, part of an effort to boost stock prices. So far, it isn't working.
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Amazon and Meta---Nothing Artificial About These Results

Wall Street Journal - 2 Feb 2024 14:30
Strong earnings growth and a surprise dividend draw cheers as Apple reveals its China struggles, but AI hopes are high.
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Budget 2024: One crore taxpayers to get relief with the withdrawal of outstanding tax demands Finance Minister Nirmala Sitharaman announced in the Interim Budget that the government will withdraw all outstanding disputed tax demands up to a specified amount and pertaining to a specified period, benefiting about o...
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Millions of households face 6pc rise in water bills - latest updates The average household water and sewerage bill in England and Wales will rise by 6pc from April 1, the industry has confirmed, as companies battle to fix sewage spills and leaking pipes.
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Financial literacy key to solving insurance complaint issues, says Shilpa Arora of Insurance Samadhan Before filing an insurance claim, individuals must confirm whether a specific clause or incident is covered by their policy or not.
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Tokyo's market has almost broken even after 34 years, pointing to the dangers of extreme bubbles.
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4 Li Lu's investing principles that placed him in the league of Warren Buffett and Charlie Munger Himalaya Capital Investors, led by Li Lu, has achieved a remarkable 30% compound annual return since 1998, placing him in the same league as Warren Buffett.
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Mattel Draws Activist Seeking Big Changes at Toy Maker

Wall Street Journal - 2 Feb 2024 03:30
Activist investor Barington Capital wants Mattel to consider strategic alternatives for its American Girl dolls and Fisher-Price toys.
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The revamped tax credit would boost refunds for many low-income families.
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