Market News
Wanted: Megabank Chief Willing to Work for Half Pay
Wall Street Journal - 1 May 2024 08:00
HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss.
Starbucks gets a price target cut after a brutal quarterly miss and light guidance
CNBC - 1 May 2024 05:38
Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
CNBC - 2 May 2024 01:02
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
Estee Lauder is punished for its light guidance. Here's why we are not joining the sellers
CNBC - 2 May 2024 00:47
The market reaction does not accurately reflect the positive underlying trends we're seeing at Estee Lauder.
S&P 500 Slips After Fed Keeps Rates Steady
Wall Street Journal - 2 May 2024 00:39
Treasury yields inched down but are still up sharply for the year.
Stocks pop after Fed decision, oil plunges, earnings mixed -- what to watch in the market
CNBC - 1 May 2024 23:03
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
DuPont's beat-and-raise quarter is a major turning point for the chemical maker
CNBC - 1 May 2024 22:41
Once the company works through the excess inventory in every business line, we expect the stock to command a higher multiple.
Here's why we're not sweating Amazon's light second-quarter guidance
CNBC - 1 May 2024 20:10
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
U.S. Crude Oil Inventories Post Big Build Amid Lower Refinery Runs
Wall Street Journal - 1 May 2024 19:26
Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.
Reclassifying Cannabis Still Leaves Pot Stocks in Limbo
Wall Street Journal - 1 May 2024 17:34
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco.
The New Math of Driving Your Car Till the Wheels Fall Off
Wall Street Journal - 1 May 2024 17:00
Drivers are rethinking the right number of years to keep a car as the costs of ownership increase.
Goldman Promotes Partner to Senior Deal Role
Wall Street Journal - 1 May 2024 17:00
Dan Blank has been named co-chair of Goldman's Global M&A group.
NYCB shares jump after new CEO gives two-year plan for "clear path to profitability"
CNBC - 1 May 2024 16:03
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
How to amass a ₹1 crore corpus for buying a home
livemint.com - 1 May 2024 15:50
Your plan to step up the SIPs every year to build a downpayment corpus is good as you would have been able to reach around ₹44-48 lakh with the present monthly investment of ₹40,000 per month for the next 6 years, if...
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
CNBC - 1 May 2024 15:21
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.
CVS posts big earnings miss, cuts profit outlook on higher medical costs
CNBC - 1 May 2024 14:57
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
Is there a place for both active and passive index funds in your MF portfolio?
livemint.com - 1 May 2024 14:38
It is still early days in India for passive funds, but without doubt, there is a growing interest.
How choosing an investment adviser helped this Mumbai family manage its finances
livemint.com - 1 May 2024 14:23
Balpreet Singh's family opted for structured financial planning under the guidance of a fee-only registered investment adviser
Amazon Gets More Fuel for AI Race
Wall Street Journal - 1 May 2024 13:30
Capital spending under CEO Andy Jassy will go up "meaningfully," but record operating margins driven by retail, cloud and advertising will ease the pain.
BlackRock's Plan for Your Retirement: A 401(k) With a Monthly Check
Wall Street Journal - 1 May 2024 13:30
The new target-date funds turn a portion of savings into payments for life.
How to claim refund for tax deducted on fixed deposit interest by the bank?
livemint.com - 1 May 2024 13:15
A senior citizen can submit form No. 15 H if the total tax on her income is nil
Luxury carmaker Aston Martin slumps 12% as losses nearly double
CNBC - 1 May 2024 12:02
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.