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Market News

Location American Market News for 24 June 2024

Nvidia Pulls S&P 500, Nasdaq Lower

Wall Street Journal - 25 Jun 2024 00:27
The broad stock market index fell 0.3% and the Nasdaq Composite dropped 1.1%, as Nvidia shares extended their recent pullback.
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Quant Mutual Fund stress test results: How many days will it take to liquidate its portfolio? Stress test results released by AMC revealed that it would need 28 days to liquidate 50% of its small-cap portfolio. On the other hand, to liquidate 25% of its portfolio, the small-cap fund would require 14 days.
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Fashion Empire Shein Has Filed for London IPO

Wall Street Journal - 24 Jun 2024 19:21
The confidential filing earlier in June came after U. S-China tensions hit New York plans.
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Streamline Your Finances: View All Your Mutual Fund Investments in One Place In Episode 3 of Mint Money Shots, Neil Borate, Deputy Editor, Mint explains how you can generate a consolidated account statement (CAS) across various platforms to get a comprehensive view of your mutual fund investments
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GM Withdraws Bank Application for Deposit Insurance

Wall Street Journal - 24 Jun 2024 16:12
General Motors' lending arm has pulled an application for deposit insurance, a pillar in its efforts to move back into banking and expand its auto-finance business.
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Hyundai and Kia Zip Into the U.S. Car Market's Fast Lane

Wall Street Journal - 24 Jun 2024 15:00
The South Korean automakers are getting a boost from geopolitics with their growing EV sales.
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Income Tax Return: What is NIL ITR and who should file it? MintGenie explains A Nil return, also referred to as a Nil ITR, applies to individuals whose total income is below the income tax exemption limit for a specific financial year.
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Which is better for SIPs: UPI AutoPay or eNACH?

livemint.com - 24 Jun 2024 14:03
Which is better for SIPs: UPI AutoPay or eNACH? Both methods have their pros and cons when it comes to availability and investment limits.
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Quant Mutual Fund: What investors should do after Sebi's action to probe front-running? Quant Mutual Fund Sebi news: The market regulator has initiated investigations against the mutual fund, suspecting it of front-running. MF experts, however, have a different take on the impact of such actions.
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Hedge Funds Made a Killing on FTX---Then It Got Complicated

Wall Street Journal - 24 Jun 2024 13:30
Investors allege former FTX customers abruptly reneged on selling claims to their accounts and are suffering from an age-old affliction: seller's remorse.
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Holiday Travel Is Booming. Why Are Airlines Doing So Badly?

Wall Street Journal - 24 Jun 2024 13:30
It is shaping up to be the busiest summer season ever in the U.S., and about as strong as 2019's in Europe. Yet both low-cost and full-service carriers are recording far narrower profit margins than they did five years a...
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Doctor wins ₹2.6 lakh compensation: Why regularly checking your credit score matters Despite fully settling his credit card debt in 2003, a doctor's CIBIL score dropped due to an erroneous default report by the issuing bank. Pursuing justice for seven years, the doctor's case highlighted the importance o...
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EPFO adds 18.92 lakh members: Why investing in EPF matters more than ever Investing in EPF accounts can yield high returns with minimal risk, aiding in building a substantial corpus over time. EPFO ensures long-term financial stability for employees in India through various benefits.
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Active vs index funds: Which strategy protects your investments better? Active funds can protect investments during market downturns through tactical asset allocation, while index funds lack the flexibility to adjust holdings
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Salaries fall for first time in six months in boost to hopes for interest rate cuts Salaries have fallen for the first time in six months, boosting hopes of a Bank of England rate cut later this summer.
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What does NDA's third term in governance mean for NRI investors? NDA's third term focuses on economic reforms, ease of doing business, infrastructure development, and renewable energy, offering NRI investors promising investment environment with tailored financial services.
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Malaysia's IHH Healthcare and Sunway are among the three bidders in a race to acquire one of the country's largest hospitals from buyout firm Affinity Equity Partners.
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Prudential Plans $2 Billion Share Buyback

Wall Street Journal - 24 Jun 2024 06:14
The U.K. insurer's business has seen robust growth since the lifting of pandemic restrictions in China and Hong Kong.
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Missed the market rally? Learn from the Warren Buffett playbook At the risk of oversimplifying, Buffett bought into a high-quality company, Apple, for cheap, once again waiting for the right opportunity to make a big bet
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Why Zerodha MF believes its liquid ETF is ideal for traders Zerodha Nifty 1D Rate Liquid ETF can be used by traders to park short-term money or margin money; other funds offer different payout structures.
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