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Market News

Location American Market News for 19 February 2024

Nvidia's Staying Power Is the $2 Trillion Question

Wall Street Journal - 19 Feb 2024 17:00
The chip maker's AI momentum will depend on staying far enough ahead of competitors to keep pricing strong.
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Does LRS limit apply to NRO account?

livemint.com - 19 Feb 2024 21:35
Does LRS limit apply to NRO account? Gifts made to NRO accounts are also subject to TCS with effect from 1 July 2023.
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Can PPFAS lure investors with its tax-efficient 'debt' fund? The fund will use a tax-efficient structure that will see LTCG taxed at 20% with indexation
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Capital One is Buying Discover Financial

Wall Street Journal - 19 Feb 2024 21:01
The deal would combine two of the largest credit-card companies in the U.S. Discover has a market value of nearly $28 billion.
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Making Money on I Bonds Was Easy. The Tax Paperwork Isn't.

Wall Street Journal - 19 Feb 2024 17:00
Taxpayers who don't report interest earned on the savings bonds can face IRS penalties.
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How important are consistent governmental policies in promoting economic growth? The year 2024, marked by global elections, holds significance for the corporate sector as governments' stability and consistent policies foster long-term economic growth, evident in the substantial benefits from current ...
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PNB MetLife unveils PMLI Small Cap Fund in its ULIP segment; all you need to know The newly launched PMLI Small Cap fund leverages the potential of companies poised to evolve into future large caps.
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Stock Futures Rise Ahead of Busy Earnings Week

Wall Street Journal - 19 Feb 2024 15:45
Bellwether companies including Nvidia, Walmart and Home Depot are due to report results.
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54% of women in Middle East and North Africa region lack understanding of investments, survey reveals As an increasing number of women emerge as business leaders in the MENA region, there is evident proof of women becoming more astute and actively engaged in decisions related to their financial well-being.
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SoftBank's $118 Billion Arm Problem

Wall Street Journal - 19 Feb 2024 14:00
The Japanese firm may have limited time to solve the challenge presented by its stake in the thriving British chip designer.
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House prices snap six month losing streak as mortgage pain eases - latest updates Asking prices on homes up for sale have increased for the first time since July as lower mortgage rates boost confidence in the market.
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Retirement planning: What is a reverse mortgage and how does it work? MintGenie explains A reverse mortgage is a loan available to homeowners aged 62 or older, allowing them to convert part of the equity in their homes into cash.
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Personal loan or overdraft: Which one is better for you? MintGenie explains In a personal loan, you are given an amount in a lumpsum. You pay a specified EMI monthly. In an overdraft, you are given a credit limit. You can withdraw as per need, and repay whenever you want.
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China reported the smallest amount of annual foreign direct investment since the 1990s last year, amid capital outflow pressure and challenges attracting foreign capital due to tensions with the West.
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