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Market News

Location American Market News for 7 February 2024
Disney reported earnings after the bell. Here are the results.
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PayPal reported fourth-quarter financials that topped analysts' estimates but provided guidance that came in slightly below Wall Street expectations.
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Stocks Notch New Record in Broad Rally

Wall Street Journal - 8 Feb 2024 01:36
Major indexes continue climbing despite tempered hopes for Fed rate cuts.
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Is this the right time to lock in high rates in fixed deposits and G-Secs? FD interest rates in India have been on an upswing for investors since RBI began hiking the repo rate in May 2022.
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HDFC vs ICICI: A tale of two fund houses and their BAFs Deciding which balanced advantage fund is better for you depends on your risk appetite.
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U.S. Oil Inventories Rose, Products Fell in Week Ended Feb. 2

Wall Street Journal - 7 Feb 2024 20:38
U.S. oil inventories grew by 5.5 million barrels last week, beating analyst expectations for a gain of 1.3 million barrels.
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Ford Could Get 50% More Profit Without EVs

Wall Street Journal - 7 Feb 2024 20:26
Delaying investments in the technology will boost earnings but also prolong a messy transition.
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Roblox reported results for the fiscal fourth quarter and full year that beat consensus estimates on the top and bottom lines.
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Indian banker in London loses over ₹1.2 crore to crypto fraud; how to protect yourself from falling prey? A similar incident happened to a 37-year-old man in Bengaluru who met a woman named Megha Raghavan on a matrimonial site and eventually lost ₹76.2 lakh.
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The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous guidance of at least $8.50 per share.
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Alibaba missed market expectations for revenue in the December quarter but announced it is increasing the size of its share buyback program by $25 billion.
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Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023.
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Beijing is intensifying efforts to stem a painful slump in share prices.
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A Stock Bailout Won't Solve China's Troubles

Wall Street Journal - 7 Feb 2024 15:34
Chinese stocks shot higher this week on expectations of a big state intervention. But even if that materializes, it isn't much to celebrate about.
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Snap Doesn't Get its Meta-Moment

Wall Street Journal - 7 Feb 2024 15:30
Snapchat parent's ad business is recovering slowly, dashing hopes that had overheated its stock.
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HDFC Bank unveils four SME-focused credit cards; check key features HDFC Bank launches four new credit cards for SMEs, offering 55-day interest-free credit period and savings on core business expenses.
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Finance Ministry aims to transfer ₹1-lakh crore stressed assets to bad bank by March-end NARCL, commonly known as bad bank, operates by acquiring bad loans from banks, paying 15 per cent of the amount in cash and the remainder in government-guaranteed security receipts, which banks can invoke during resoluti...
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Income Tax: Number of crorepati ITR filers rose 2 times over the last 5 years Minister of State (finance) Pankaj Chaudhry presented data in Rajya Sabha that showed that the number of individuals who submitted an e-return with income of more than ₹1 crore surged to over 2.16 lakh during AY24, sho...
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The Facebook parent's first dividend is sending conflicting signals among investors.
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HDFC Bank raises MCLR by up to 10bps. Check the latest rates here HDFC Bank's one-year MCLR is 9.30, 2-year MCLR is 9.35 per cent and 3-year MCLR is 9.35 percent.
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FD rate hike: Axis Bank increases interest rates on fixed deposits. Details here FD rate hike: Axis Bank offers FD rates of 3.50-7.85% p.a. to senior citizens on tenures ranging from 7 days to 10 years, effective from 5 February 2024
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Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate.
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