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Market News

Location American Market News for 26 February 2024
Income Tax: 5 high-value cash transactions may attract I-T notice Substantial cash transactions may draw unwarranted scrutiny from the Income Tax Department. The purpose behind these stringent regulations is not to dissuade legitimate transactions but rather to uphold the integrity of ...
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The Omaha-based conglomerate posted operating earnings of $8.481 billion in the quarter ending December.
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Zoom's growth has moderated dramatically since the Covid pandemic, and the company is projecting a revenue increase of less than 2% for the current fiscal year.
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Can NRIs send funds for investing in MFs?

livemint.com - 26 Feb 2024 20:50
Can NRIs send funds for investing in MFs? The nature of transfer from your account needs to be determined--whether it is given as loan or gift or income.
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What the hedonic treadmill does to your finances

livemint.com - 26 Feb 2024 20:45
What the hedonic treadmill does to your finances The treadmill doesn't get you anywhere and you keep walking at the same place.
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How Singapore NRIs can navigate DTAA hurdle on capital gains tax Singapore does not levy any tax on capital gains; NRIs there, however, have to pay tax in India and file for refunds.
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Temu's U.S. Entry Is an Orange Flag for Etsy

Wall Street Journal - 26 Feb 2024 16:00
The Chinese online marketplace is taking the U.S. by storm as Etsy and Wayfair are already struggling to expand their audience.
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Karthik Sarma concentrates on a small number of stocks, and one has cost him more than $1 billion on paper in 2024.
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Investors Flock Back to Biotech After a Long, Cold Spell

Wall Street Journal - 26 Feb 2024 16:00
Among the startups pulling in cash are companies chasing hot research areas such as cancer and weight loss.
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Cigarettes Are Losing Their Hold on the Nicotine Fix

Wall Street Journal - 26 Feb 2024 15:13
Consumers have more nicotine alternatives than ever and they're making the switch faster than expected, putting fresh pressure on tobacco giants.
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7 key investing lessons investors can learn from Sir John Templeton In 1954, he created the Templeton Growth Fund, which gave an average return of over 15 per cent per year for 38 years.
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Job vacancies tumble as interest rates bite - latest updates Job vacancies have tumbled nearly 15pc as businesses struggle to hire in the face of high borrowing costs and the UK battles a recession.
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Warren Buffett Was There for the Japanese Market Rally

Wall Street Journal - 26 Feb 2024 08:00
Berkshire Hathaway holds stakes in five Japanese trading companies.
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