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Market News

Location American Market News for 11 July 2024
Government bond yields drop, triggering a rush into beaten-down corners of the market that could benefit from falling rates; tech titans lose
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Archegos Founder Bill Hwang Found Guilty on Fraud Charges

Wall Street Journal - 11 Jul 2024 03:39
The firm's rapid fall led to the loss of more than $100 billion in market value.
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Income Tax Return: Why should you verify your ITR within 30 days of filing? The I-T department has informed the taxpayers about the need to verify their ITR within 30 days of filing tax returns. Delayed verification will lead to late fee charges up to ₹5,000.
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Cheetos Are the Latest Economic Red Flag

Wall Street Journal - 11 Jul 2024 19:11
PepsiCo and Conagra are the latest in a long list of companies warning that shoppers are stretched.
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Insurers Are Braced for More Beryls

Wall Street Journal - 11 Jul 2024 17:00
Despite its early arrival, the storm hits an insurance market that has already raised the price of catastrophe coverage.
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SBI unveils MSME Sahaj offering loans within 15 minutes; details here SBI's MSME Sahaj is a digital service designed to accelerate invoice financing for small and medium-sized businesses. The entire procedure, from loan application to disbursement, may be performed in 15 minutes, removing ...
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Delta on Thursday kicked off an airline earnings season marked by packed planes but profits under pressure as costs rise and increased capacity weighs on fares.
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Get Ready for More AI Mania This Earnings Season

Wall Street Journal - 11 Jul 2024 15:39
Artificial intelligence-related stocks are set to deliver stellar second-quarter results, but the S&P 500 laggards need to catch up faster from here in order to meet the market's expectations.
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Small Savings Schemes: Why are these 10 post office schemes popular among investors? Post office savings schemes offer interest in the range of 4 to 8.2 percent per annum. The lowest rate of interest (i.e., 4 percent) is offered by post office savings account while the highest interest (of 8.2 percent) i...
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What are we supposed to do? Tell investors to avoid the S&P 500 because the great companies found in the index are simply too great.
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IEA Cuts 2025 Oil Demand Forecast, Lifts Supply View

Wall Street Journal - 11 Jul 2024 13:52
The International Energy Agency trimmed its forecast for oil-demand growth next year and raised supply estimates, a scenario that would likely leave the market in surplus, reinforcing its expectations of a major glut thi...
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The Risky-Loan Trade Is Back

Wall Street Journal - 11 Jul 2024 13:30
Yields of 9% are drawing investors to leveraged loans, whose defaults have remained low.
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If a Friend Bills You $4 for a Favor, Are They Really a Friend?

Wall Street Journal - 11 Jul 2024 13:30
Surprise Venmo requests are souring relationships and revealing just how closely some of us keep score.
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Prashant Jain's AIF returns 58% in its first year, with little help from SMID caps The former HDFC AMC chief's 3P India Equity Fund 1 comfortably beat the Nifty 50 index despite a mere 18% allocation to small and mid cap stocks, which have been on a tear.
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Explained: Income tax implications for money transferred by Karta of a Hindu Undivided Family to his HUF Money transferred by Karta of HUF may be treated as a loan or gift. Income earned by HUF on gifted money is added to Karta's income due to clubbing provisions until HUF assets are fully partitioned
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Budget 2024: 8 changes salaried taxpayers want in NPS from Finance Minister Nirmala Sitharaman Budget 2024: According to Personal Finance experts, salaried taxpayers are calling for significant reforms in NPS, including an increase in the additional tax deduction limit and raising the tax-free withdrawal limit at ...
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Income tax return (ITR) filing: Here is how to correct discrepancies in AIS, TIS, and 26AS Income tax return filing: Correcting discrepancies in various tax-related documents such as Annual Information Statement (AIS), Taxable Income Statement (TIS), and Form 26AS is crucial before filing your ITR
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Sebi's new mandate: The beginning of the end for zero brokerage fees? Starting 1 October, clients of discount brokers accustomed to zero or low brokerage fees for delivery-based, intraday, and F&O trading might have to pay higher brokerage.
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