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Market News

Location American Market News for 10 June 2024

S&P 500 and Nasdaq Hit Records Ahead of Fed Meeting

Wall Street Journal - 11 Jun 2024 00:31
The broad-based index and the Nasdaq both closed 0.3% higher as investors await this week's key inflation data and June interest-rate decision. Southwest Airlines shares surged as an activist built a nearly $2 billion st...
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A New Way to Make Green Steel

Wall Street Journal - 10 Jun 2024 18:00
To meet demand from automakers and builders, startups are processing iron ore without using fossil fuels.
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Can an Australian NRI get exemption on capital gains? Only if mutual fund units do not qualify as 'comparable interests in a company' would they become 'property' that is not described under other paragraphs of the capital gains article under the India-Australia DTAA
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Meme Stocks Are Back, but Fund Investors Moved On

Wall Street Journal - 10 Jun 2024 13:30
Those wanting to track the meme-stock mania lost their chance when Roundhill's MEME ETF closed last year.
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Crowdfunded companies pull in cash through sleek social-media promotions and mentions of Elon Musk.
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The move by American Airlines to reverse its direct-distribution strategy shows how some travel agents are here to stay.
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European Stocks and Euro Hit by Political Instability

Wall Street Journal - 10 Jun 2024 11:55
European stock markets and the euro fell following the advance of far-right parties in European elections and major losses for President Emmanuel Macron's alliance that prompted him to call a snap election.
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Euro slumps after Macron calls snap French election - latest updates The value of the euro has dropped to its lowest level in nearly a month after Emmanuel Macron called for new parliamentary elections in France following a humiliating defeat in the vote for seats in the European Parliame...
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Income Tax Return: How to maximise your tax refunds while filing ITR? Claim available deductions and exemptions to minimize tax burden in India. Sections 80C and 80D provide opportunities for tax savings. Timely filing of Income Tax Return and accurate bank account validation are essential...
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SEBI mulls boosting NRI/ OCI participation in IFSC-based FPIs. Details here SEBI approved 100% contribution by NRIs, OCIs, RIs in IFSC based FPIs. IFSCA circular provides two alternative routes for NRI/OCI participation in Indian securities. The relaxation aims to boost Indian capital markets an...
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Large-caps & Reits: India's largest investment adviser's shifts Over the past year, Soumya Rajan has moved from small-caps to large-caps, seeing froth in the mid- and small-cap rally
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Elliott Takes Big Stake in Southwest Airlines

Wall Street Journal - 10 Jun 2024 03:29
Elliott Investment Management has built a stake of nearly $2 billion in Southwest Airlines and plans to push for changes aimed at helping fix the airline's underperformance.
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