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Market News

Location American Market News for 30 May 2024
Kohl's shares plummeted more than 25% in early trading Thursday after the company posted weaker-than-expected earnings.
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We believe the sell-off Wednesday is overdone, but also understand stocks aren't rewarded when growth is slowing.
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CEO Dev Ittycheria cited slower-than-expected cloud database consumption growth during the quarter, which led MongoDB to lower its fiscal 2025 guidance.
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The department store operator Nordstrom stuck by its full-year forecast despite the miss.
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Gap has been in the midst of a turnaround under CEO Richard Dickson, who has focused on better marketing and storytelling for the company's portfolio of brands.
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Tech Stocks Lead Major Indexes Lower

Wall Street Journal - 31 May 2024 00:27
Drop in Treasury yields brings some relief.
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Beauty has been a strong point for retailers as they face a consumer pullback in light of persistently higher costs.
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A sale of shares in the world's most valuable oil company is expected in coming days and weeks, following a Wall Street Journal report that the kingdom planned a large fundraising.
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We believe our primary investment thesis is intact, and therefore reiterate our buy-equivalent 1 rating and $95 price target.
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Fake discount on insurance premium: Three key lessons you can learn from this X user's experience Insurers generally offer no-claims bonus instead of urging policyholders to make instant payment to claim discount on premium. So, any random call made by someone who claims to be an insurance company representative is l...
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U.S. Crude Oil Stocks Fall More Than Expected

Wall Street Journal - 30 May 2024 19:26
Oil stocks fell by 4.2 million barrels -- a greater decline than was expected.
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Growth slows as big deals are taking longer to close and AI hype isn't yet paying off.
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EPF: These are the services subscribers can avail on the unified member portal On the EPF portal, subscribers can access their account details and make the changes (if necessary) relating to their contact details, KYC, nomination and even apply for claims.
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Foot Locker is making gains under CEO Mary Dillon, who has been working to win back brands and Wall Street's confidence with an ambitious turnaround plan.
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Best Buy has noticed a pullback in purchases of discretionary items as consumers manage higher costs because of inflation.
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UBS Kicks Off Succession Race, Promoting Two CEO Candidates

Wall Street Journal - 30 May 2024 15:14
Sergio Ermotti, the incumbent chief executive, has said he expects to leave by around early 2027.
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Tired of pesky calls? Soon 160 prefix for calls from banks, brokers, insurers, NBFCs, other service providers Calls coming from government and regulators should have the prefix of 1600 and financial entities regulated by RBI, SEBI, PFRDA and IRDA should have the prefix of 1601, Department of Telecommunications said
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Big Oil Companies Will Just Keep Getting Bigger

Wall Street Journal - 30 May 2024 15:00
ConocoPhillips is the latest to bulk up as investors pay up for size.
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Personal loans for veterans: How are they different from regular ones? MintGenie explains Veterans can apply for specialised personal loans from lenders who understand their unique financial needs.
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You Can Thank Private Equity for That Enormous Doctor's Bill

Wall Street Journal - 30 May 2024 13:30
Private-equity investors have poured billions into healthcare but often game the system, hurting both doctors and patients. This is the first in a three-part series on concentration in American healthcare.
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7 crucial steps to follow to get a personal loan after bankruptcy Bankruptcy need not translate to ineligibility for a personal loan. Applying for a loan is still possible, albeit at higher interest rates.
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PPF: Triple advantage of Public Provident Fund-- explained The Public Provident Fund (PPF) in India offers a secure long-term savings avenue with guaranteed interest rates and income tax deductions under Section 80C. It also helps build a retirement corpus
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