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Market News

Location American Market News for 22 May 2024

FTX's Sam Bankman-Fried Being Transferred to New Prison

Wall Street Journal - 22 May 2024 19:51
He sought to stay in New York while helping to prepare his appeal.
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E.l.f. Beauty grew sales in the high double-digit percentages again, but it expects that growth to start to moderate in the coming fiscal year.
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Investors also digested earnings from chip maker Nvidia and home builder Toll Brothers.
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Restricting investments to Canada "would undermine the long-term sustainability of the fund," John Graham said.
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We're raising our price target on the off-price retail giant following its better-than-expected fiscal first quarter report.
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Copper Prices Slump as Profit Taking Begins

Wall Street Journal - 22 May 2024 20:14
The metal had hit an all-time record of around $11,100 a ton on Monday.
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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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U.S. Crude Oil Stockpiles Rose Last Week

Wall Street Journal - 22 May 2024 19:34
U.S. crude oil inventories rose by 1.8 million barrels last week and gasoline stocks fell, while refineries stepped up their capacity use for a third consecutive week
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Retirement planning for NRIs: Investing in India

livemint.com - 22 May 2024 17:20
Retirement planning for NRIs: Investing in India Considering the potential India has in the coming future, it will help to build a good portfolio and generate returns over the long term
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Sundaram MF's new CEO on why adaptability is key for active fund managers Anand Radhakrishnan says the influx of new players means fund managers have to be more nimble and alert to what's happening in the market
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Why women must drive estate planning

livemint.com - 22 May 2024 14:34
Why women must drive estate planning Reality has proved that not only are women savvier in money management, they are also willing to play the more conservative and long-haul game in financial planning
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How does RBI's cash disbursal limit affect gold loan customers and businesses? RBI's directive on cash disbursal limits for gold loans aims to improve transparency and accountability in the sector. Transition to non-cash disbursements may pose challenges initially but fosters a more secure lending ...
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Citigroup agreed to pay U.K. regulators $78 million, after a botched 2022 order to sell shares caused a brief "flash crash" in European stocks.
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Gold's Latest Allure? It's Sanctions-Proof

Wall Street Journal - 22 May 2024 13:30
Buying from central banks, particularly from China, can keep the gold rally going even if anxious individual investors don't jump in.
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Lok Sabha Election 2024: Will interest rates and fixed income market see impact? Expert say this... The 2024 Lok Sabha Election triggers market fluctuations; the fixed-income market offers stability, and lower volatility. Dhawal Dalal explains bond market benefits over equities
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How CAMS is tackling SIP bounces and enhancing investor experience CAMS has a slew of initiatives in the pipeline using the account aggregator system for MF investors..By leveraging AI and machine learning, CAMS aims to prevent SIP bounces, streamline personal finance management, and im...
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Personal loan balance transfer: How to refinance your debt? MintGenie explains When you refinance your current personal loan with a new lender--ideally one that has a lower interest rate--you are transferring the balance of your loan. By doing this, you may be able to reduce the amount of interest ...
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The fallacious case for abolishing the rich

livemint.com - 22 May 2024 12:44
The fallacious case for abolishing the rich Arguments for caps on income and wealth are simple, rousing and wrong
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Inflation tumbles to lowest level since 2021

Telegraph - 22 May 2024 10:19
Inflation tumbles to lowest level since 2021 Inflation has tumbled to its lowest level in nearly three years in a boost for the Prime Minister and mortgage holders hoping for cuts to interest rates.
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Personal loans: Missed your payment? Here are the consequences you may face Missing payments on personal loans can be quite troublesome. Late payment fees are the most common consequences of missing a personal loan payment.
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Maximize retirement savings with NPS flexibility, says Bhagat of DSP Pension Fund Managers NPS users can customize their asset allocation and investment strategies according to their risk tolerance and investment goals.
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Buying a home in your 40s? Here are 4 key things to keep in mind Buying a home in your 40s in India can be a good investment for your future if you evaluate all of the important considerations and plan wisely.
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