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Market News

Location American Market News for 12 April 2024
Bank of Baroda raises lending rate by 5 bps starting today. Details here With the new rates coming into effect, overnight MCLR is 8.10 percent against 8.05 percent earlier. The 3-month MCLR is now 8.45 percent against 8.40 percent earlier. The six-month MCLR is 8.65 per cent against 8.60 perc...
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Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.
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Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.
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The bank is on the right path to increasing efficiencies, with many positives outweighing the negatives in Tuesday's report.
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JPMorgan's First Quarter Earnings Rise 6%

Wall Street Journal - 12 Apr 2024 15:48
Net income and revenue at America's biggest bank beat expectations.
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I-T department sets April 30 deadline for approving refunds: Report Last month, the income tax department said refunds amount to over ₹3.36-lakh crore issued in the FY24 till March 17 against the refunds amounting to ₹2.98-lakh crore during the same period in fiscal 2023
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Energy-Guzzling AI Is Also the Future of Energy Savings

Wall Street Journal - 12 Apr 2024 13:30
Data centers need more power because of artificial intelligence, but other buildings can use the technology to conserve.
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I Messed Up My Taxes. How Long Does the IRS Have to Find Me?

Wall Street Journal - 12 Apr 2024 13:30
The long arm of the agency can reach taxpayers years after they file an erroneous return.
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Demat Account: How to get portfolio diversification right? Here are 9 ways Diversification is the cornerstone of intelligent investing, essential for managing risks effectively when investing for the long haul. Here are some key steps you should follow to optimise the use of a demat account for...
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BP shares rise after UAE takeover approach

Telegraph - 12 Apr 2024 12:16
BP shares rise after UAE takeover approach BP shares rose on reports that the United Arab Emirates' state-owned oil company recently considered buying the energy giant.
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Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions.
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Barbara Corcoran's 7 game-changing investing principles Barbara Corcoran is not just a prominent figure in the US investing landscape; she's a formidable force whose influence goes beyond mere recognition. She embodies the perfect blend of passion, intelligence, and the drive...
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Demat Accounts: How to operate them through mobile apps and ensure security? Mobile phones in India have transformed trading, making it convenient and accessible. Retail investors can now open demat accounts quickly using mobile apps. Mobile trading has gained popularity, especially during lockdo...
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JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.
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Stay Put or Pay Up: Home Buyers Lose Hope for Lower Rates

Wall Street Journal - 12 Apr 2024 05:00
Housing market affordability isn't getting any better, with inflation keeping mortgage costs high.
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