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Market News

Location American Market News for 16 May 2024

AIG to Sell 20% of Corebridge to Nippon Life for $3.8 Billion

Wall Street Journal - 16 May 2024 14:20
Insurance giant American International Group has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.
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Real Estate Investments: How are retail investors benefiting from small and medium REITs? Indian regulators drive real estate sector transformation with progressive reforms including RERA Act, GST, and REIT regulations. SM REITs democratize access to real estate investing, offering transparency, liquidity, an...
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Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.
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Dow Jones Industrial Average Tops 40000 for the First Time

Wall Street Journal - 16 May 2024 20:14
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.
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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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'Taxes in real estate not high compared to all subsidies': Deepak Shenoy counters broker's queries to FM on high taxes Deepak Shenoy has lent a counter-view on the issue saying that 'taxes are not high at all in real estate, compared to all the subsidies one gets in the sector.
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They also want to make sure they can help their parents when the time comes.
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Money Angst? You Might Consider a Financial Therapist

Wall Street Journal - 16 May 2024 18:00
Unconscious beliefs and emotions can mess up how people handle their finances. The hard part is finding experts qualified to handle both money and the mind.
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Not child's play: Why maternity insurance is booming and how to choose the right plan -- all your queries answered Maternity insurance plans have become increasingly popular amid rising healthcare costs, with an 80 per cent YoY rise in FY24.
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Navigating the current global uncertainty with gold

livemint.com - 16 May 2024 16:57
Navigating the current global uncertainty with gold Gold consumption in China has increased by over 6% this year despite higher prices. There is a lesson for the rest of the world in this
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Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.
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How US, UK social security system is unfair for Indians Indian workers do not face a level-playing field when it comes to receiving social security benefits in some countries like the US and UK. And it may not get better.
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EPF: How to withdraw money from your PF account? Key questions answered For withdrawal of your EPF money, you should ensure that you have seeded relevant details in the EPFO database. These details are as follows: Aadhaar, bank account number along with IFSC details and your Permanent Accoun...
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Top 5 banks offering low interest rates on home loans; check full list SBI offers home loans in the range of 9.15 percent to 9.65 percent based on the CIBIL score. The higher the score, the lower the interest rate. When the CIBIL score is above 750, the bank charges 9.15 percent and when th...
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Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.
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The GameStop Mania Is Back. Is Wall Street Ready This Time?

Wall Street Journal - 16 May 2024 13:37
Problems in the plumbing of the financial system were costly for investors in 2021, and a planned upgrade still isn't complete.
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America Is Still Headed for a Soft Landing

Wall Street Journal - 16 May 2024 13:30
Don't rule out a surprise rate cut this summer.
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German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.
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Microsoft asks China staff 'to consider leaving country' Microsoft has been accused of asking hundreds of employees in China to consider transferring outside of the country amid growing tensions between Washington and Beijing.
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Gold continues to shine brighter: 5 key reasons to add this precious metal to your portfolio Investors can take exposure to gold via ETFs and Sovereign Gold Bonds. Gold should be viewed as a diversification tool in a portfolio, not for high returns. Central banks' strong demand for gold has surged prices, with m...
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China Property Stocks Rally as More Cities Unveil Rescue Steps

Wall Street Journal - 16 May 2024 10:12
Shares of Chinese property developers surged on rising expectations that government entities in China are helping buy up excess housing in a bid to revive the struggling real-estate sector.
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Japan's Biggest Insurer Plans to Go Big on Foreign Credit

Wall Street Journal - 16 May 2024 09:46
Nippon Life Insurance, the largest insurer in Japan by asset size, is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs.
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