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Market News

Location American Market News for 8 February 2024
EPFO may reinvest half of ETF redemption proceeds in equity: Report The Central Board of Trustees will consider another proposal to increase the redemption period for better yields for investments in equities from four years to seven years in the next six years.
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S&P 500 Hits Intraday Record of 5000

Wall Street Journal - 9 Feb 2024 01:54
A drumbeat of earnings reports drives moves in individual stocks.
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How to access assets when breadwinner is incapacitated Sebi has proposed giving more powers to nominees in case the asset owner is incapacitated.
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Will going 100% cashless raise my health insurance premium? To avail this facility, the policyholder is required to intimate the insurer 48 hours in advance, giving it sufficient time to make arrangements with the hospital.
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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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Maersk Shares Sink Back to Reality

Wall Street Journal - 8 Feb 2024 17:03
Shares of the world's shipping bellwether dived in early trade after it forecast a steep drop in profit. Shipping overcapacity, not the Red Sea Houthi attacks, looks to be the trend to watch.
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The president's decision to halt new export terminals follows a campaign by environmental groups funded by wealthy contributors.
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The Confusingly Strong Economy Told in Three Stories

Wall Street Journal - 8 Feb 2024 15:46
The plausible explanations for the economy's apparent immunity to high interest rates each lead to completely different outcomes for the markets.
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Disney's Moves Give Bob Iger a Sporting Chance

Wall Street Journal - 8 Feb 2024 14:30
Strong results, Epic investment and new sports superapp lessen the case for activist challenges.
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Fidelity's Abigail Johnson Shakes Up Executive Ranks, Again

Wall Street Journal - 8 Feb 2024 14:00
The CEO named a new finance chief and others. What the changes don't do is offer much clarity on who will emerge as Johnson's top deputy.
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How Indian UPI landed in France for digital transaction, and what it means for Bharat UPI's collaboration with French digital payment platform Lyra enables seamless and convenient payment experiences for Indian tourists in Europe
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What is a secured credit card and how does it help build credit score? MintGenie explains These cards are usually meant for the customers who have an abysmally low credit score and they can use them to improve their score over a period of time
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China battles deflation as prices fall at fastest pace in 15 years - latest updates China has suffered its sharpest fall in consumer prices since the global financial crisis as Beijing scrambles to revive the fortunes of the world's second largest economy.
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ICICI Prudential Life Insurance launches 'ICICI Pru Gold Pension Savings' plan; key things to know ICICI Prudential Life Insurance introduces ICICI Pru Gold Pension Savings, a new pension product aimed at helping individuals build a retirement corpus. It offers guaranteed capital safety, health check-ups, partial with...
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RBI MPC 2024: How Reserve Bank of India plans to secure digital payments using Aadhaar, and other key announcements The RBI proposes to introduce programmability and offline functionality in the CBDC pilot to enable additional use cases and transactions in areas with poor internet connectivity
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RBI keeps repo rate unchanged. What does that mean for your home loan EMI The Reserve Bank of India (RBI) has kept the repo rates unchanged for the sixth time in a row at 6.5 per cent
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Sovereign Gold Bond's new tranche opens next week. Here is why SGBs are a wise decision Sovereign Gold Bond Series 2023-24 Series 4 will open for subscription next week from 12 Feb to 16 Feb for 5 days
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IndusInd Bank revises fixed deposit rates. Check latest FD interest rates here IndusInd Bank has revised its interest rates on fixed deposits, offering rates ranging from 3.50% to 7.75% for the general public and 4% to 8.25% for senior citizens
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How to Handle Making More---or Less---Money Than Your Friends

Wall Street Journal - 8 Feb 2024 06:00
A change in someone's financial situation can upend relationships. The best advice: Talk about it.
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The Facebook parent's first dividend is sending conflicting signals among investors.
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Arm's intellectual property is in nearly every smartphone, many PCs, and thousands of miscellaneous other chips.
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