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Location American Market News for 9 May 2024
How does a pre-approved loan influence your CIBIL score? MintGenie explains Loan pre-approval is a preliminary assessment of your eligibility for a loan based on basic information such as your credit score and income.
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Chinese Stocks Rebound, but Foundation for Rally Still Weak

Wall Street Journal - 9 May 2024 14:00
Stocks in Chinese companies have bounced back, but investors have seen false dawns before.
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Dow Notches Longest Winning Streak of 2024

Wall Street Journal - 10 May 2024 00:33
All three stock indexes neared records, reversing April's declines.
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CIBIL score on a decline? 6 key steps to follow to improve it Obtain a copy of your credit report from CIBIL and review it thoroughly. Look for any errors, inaccuracies, or fraudulent activities that may be affecting your score negatively.
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Investors ponder how to trade a trend that might take years or decades to play out.
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EPF: Which claim form you should use? An explainer

livemint.com - 9 May 2024 15:24
EPF: Which claim form you should use? An explainer When you are looking for an advance from provident fund account, then you need to apply for composite form (aadhaar). And when you want to settle pension fund after crossing 58 years of service, you can apply in form 10D
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Should I buy a family floater plan for my senior citizen parents? Here's the deal with family floaters: The premiums are based on the age of the oldest family member. So, if your parents are older, it could hike up the cost for everyone. Plus, as they age, they might need more medical ...
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How the fear of early death drove this Mumbai woman to buy ₹10 crore term cover At the time of onboarding, 68% of Mehta's portfolio was in real estate and the rest of it in financial assets. Stable assets such as FDs and a generous bank balance comprised a huge part of financial assets.
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Large-caps get attention amid uncertainty, but don't ignore mid- and small-caps In all practicality, investors looking to compound their wealth are better off with mid- and small-cap stocks over a longer period. Large-caps help protect your capital, but mid- and small-cap stocks help compound it gre...
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Shares of Arm fell almost 9% in premarket trading on Thursday, as lackluster revenue guidance from the firm clouded a positive sales quarter driven by AI demand.
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Former company insiders say the firing of an internal investigator showed that the crypto exchange neglected evidence of market manipulation.
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FDIC Chairman's Future Hinges on High-Stakes Hearings

Wall Street Journal - 9 May 2024 13:30
Martin Gruenberg goes before House and Senate panels next week after an investigation found the agency's culture rife with racism, sexism and abuse.
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Buybacks Are Back: Corporate America Is on a Spending Spree

Wall Street Journal - 9 May 2024 13:30
Share repurchases in the first quarter are up sharply, led by Meta and Apple.
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Why Akshaya Tritiya is the perfect time to invest in gold; recent returns speak for themselves -- explained Akshaya Tritiya 2024, a significant day for gold buying in India, falls on May 10. Buying gold on this auspicious day is believed to bring prosperity. Experts suggest gold investment as a hedge against inflation and econ...
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Can you invest in startups using a demat account? MintGenie answers Investing in startups/unlisted shares poses high risks due to limited regulation and oversight. Options include direct investment, purchasing pre-IPO shares, acquiring ESOPs, or investing in professionally managed portfo...
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BBVA Makes Hostile Bid for Sabadell

Wall Street Journal - 9 May 2024 10:38
The Spanish lender's all-share offer values its smaller rival at around $12 billion and comes after an initial approach on the same terms was rejected.
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Primary supply of platinum, or the supply directly from producers, is expected to decline by 2% on-year to around 5.68 million troy ounces, while demand is expected to remain firm across all sectors, according to a new r...
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Tax rises inevitable regardless of who wins election, economists warn Tax rises are inevitable regardless of who wins the next general election, top economists have warned, as the Government is set to break its borrowing rules by racking up too much debt.
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Chinese Developer Likely to Default on State-Backed Bond

Wall Street Journal - 9 May 2024 08:53
The heavily indebted Chinese property developer said it is likely to default on a government-guaranteed local bond, as it continues to struggle with liquidity amid China's property crisis.
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Sebi releases master circular for RTAs. Key points explained here The master circular stipulates all the details ranging from registration to responsibilities, transfer related matters, investor grievance redressal, investor charter and other guidelines
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