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Market News

Location American Market News for 4 May 2024

The Economic Slowdown Is Finally Here. Welcome It.

Wall Street Journal - 4 May 2024 13:30
Services sector cools as consumers pull back, putting rate cuts back on the table.
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Texas Ban on 'Woke' Banks Opens Door for Smaller Firms

Wall Street Journal - 4 May 2024 18:00
The political conflict over socially conscious finance has Wall Street heavyweights pulling back in Texas, the nation's top issuer of state and local debt, with $42 billion last year.
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Warren Buffett will take the stage to address thousands of shareholders and fans. The company reported quarterly net income of $12.7 billion.
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Capital-Gains Tax Hits More Home Sellers

Wall Street Journal - 4 May 2024 13:30
The $500,000 exemption for home sales hasn't changed since 1997.
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Income tax: Home loan benefits when two houses are self-occupied There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act. Likewise, there is no restriction on the number of houses a person can avail of the tax benefits for a home loa...
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Indian investors should think about bond investments, say experts; here's why SEBI's move to reduce the face value of debt securities from ₹1 lakh to ₹10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving ...
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Income Tax: As ITR forms enabled to file returns, check here which form you would require The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.
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The Fall Guy: Valuable money lessons from Ryan Gosling's new film The film 'The Fall Guy' features non-stop action and witty repartee, paying homage to unsung heroes who perform stunts. It also highlights the importance of giving credit to those who support your financial journey.
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Vernon Hill, the builder of Commerce Bank and Metro Bank, was also behind toppled Republic First.
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