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Market News

Location American Market News for 28 March 2024

Tax Refunds Are Here and Destined for the Growing Pile of Debt

Wall Street Journal - 28 Mar 2024 17:00
With credit-card debt at record levels and more households falling behind on loans, tax refunds are helping people make ends meet.
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S&P 500 Rises to New Record to Close Out Monster First Quarter

Wall Street Journal - 29 Mar 2024 00:37
Benchmark index notches best start to year since 2019.
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Health insurance policy: What do customary charges refer to? Reasonable and customary charges refer to standard charges, which are common for a particular line of treatment in the geographical area for similar types of hospital.
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The millennial marketeer's secret for financial success 35-year-old Kunwarbir Singh has invested wisely, but plans to consult a Sebi RIA for guidance.
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Taking a personal loan for your business? Here are its pros and cons While many personal loans offer flexibility in fund usage, opting for this route is generally not the most advisable choice. Prospective borrowers should prioritise exploring business loan options first.
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How does a demat account facilitate trading in derivatives? MintGenie explains A demat account holds and trades securities digitally, eliminating physical certificates. Derivatives are financial instruments derived from underlying assets like stocks, bonds, etc. They help investors hedge risks, spe...
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Considering applying for a personal loan? This is how you can ensure best interest rate Finding the best personal loan interest rates requires some time and research. Prioritise comparing offers before making a decision, seek advice from others, and importantly, remain mindful of any associated loan charges...
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Demat account: What is short selling and how does it work? MintGenie explains Short selling is a strategy employed by experienced investors to profit from downward price movements by selling borrowed shares at a high price and repurchasing them at a lower price.
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After Bloomberg reclassified certain utility bonds, borrowing costs rose.
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Walgreens posted a steep net loss for the quarter as it recorded a hefty goodwill impairment charge related to its primary-care provider VillageMD.
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How do corporate actions like bonus issues, dividends and stock splits impact your demat account? MintGenie explains A corporate action refers to a strategic decision made by a company that directly impacts the value of its shareholders' investments. Here are some common corporate actions and their potential impacts.
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Axis Bank credit card customers allege fraudulent transactions on the social media. Details here Axis Bank, meanwhile, released a statement clarifying that there has been no breach of any systems although some unauthorised transactions took place from certain merchants which have been blocked.
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How to recharge FASTag via Paytm app? A step-by-step guide Paytm introduces new FASTag recharge feature on its app to provide convenience amidst regulatory scrutiny. Users can recharge existing FASTags and purchase new ones from HDFC Bank through the app.
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Super Micro's AI Boom Carries a Big Price Tag

Wall Street Journal - 28 Mar 2024 14:00
The maker of Nvidia-based AI servers has a hot hand, but a high-cost business model leaves the stock looking overheated.
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Why Gasoline Prices Are Rising Faster Than Usual This Year

Wall Street Journal - 28 Mar 2024 13:30
Fuel costs are once again driving inflation. Don't panic.
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Legal Dilemma: Rights of widowed daughter-in-law in coparcenary inheritance -- Explained All the members have the right to be maintained from income and assets of the HUF but do not have any right to ask for a partition of the HUF assets whereas a coparcener has a right to ask for a partition of the corpus o...
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Fortune Favors Early Movers in America's Property Crunch

Wall Street Journal - 28 Mar 2024 13:03
Investors who are willing to buy buildings when everyone else is running scared typically get the biggest rewards.
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The sentencing for crimes connected to the collapse of the FTX crypto exchange caps the meteoric rise and fall of the onetime crypto king.
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Thames Water at risk of being nationalised as £500m lifeline withheld Thames Water has been cut off by shareholders in a move that risks triggering a Government bailout which would cost taxpayers billions of pounds.
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CIBIL: Financial crisis leaving you fearful? Follow these 7 strategies to protect your credit score To help safeguard your CIBIL score and minimise the impact of a financial crisis on your overall financial health, you need to communicate with your lender, prioritise your payments, and try to pay at least the minimum p...
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CIBIL: Not checking your credit score regularly? You might want to for these 5 key benefits Checking your credit score enables you to quickly identify any errors or inaccuracies in your credit report. Besides, you can use this information to negotiate better terms with the lender.
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Race against time to meet seven key deadlines which expire on March 31 starts today Here we give the lowdown on the seven personal finance changes which will come into force from April 1, 2024 onwards. These include deadlines relating to income tax exemption, filing an updated return, special fixed depo...
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