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Market News

Location American Market News for 12 July 2024

StubHub Delays IPO Launch Due to Choppy Market Conditions

Wall Street Journal - 12 Jul 2024 19:22
The ticketing marketplace had been eyeing a valuation of about $16.5 billion for its offering.
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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Fixed Deposits: These six banks offer highest interest rates on five-year FDs. Check details Most banks typically offer a high rate of interest on long-duration fixed deposits. Conversely, short-duration term deposits give a relatively lower rate of interest.
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Here are some of the major companies whose stocks moved on the week's news.
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Dow Rises Above 40000 With Investors Putting Rate Cut in Sight

Wall Street Journal - 13 Jul 2024 00:41
The Dow industrials closed above the level for the second time, with investors packing up for the weekend feeling confident that an interest-rate cut is around the corner.
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We don't like to see guidance misses, but bank interest income estimates depend on interest rates, which Wells Fargo has no real control over.
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A Couple Won the Powerball. Investing It Turned Into Tragedy.

Wall Street Journal - 12 Jul 2024 19:08
How high fees and low returns hurt a nonprofit that trusted a local financial adviser
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Citigroup this week was rebuked for failing to address regulatory shortfalls, so analysts will be keen to ask CEO Jane Fraser about her long-running efforts.
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The San Francisco-based bank recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, marking a 9% year-over-year decline.
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Dealerships Hopeful EVs Will Bring Back That New Car Smell

Wall Street Journal - 12 Jul 2024 15:00
When autos become obsolete more quickly, dealers see more return customers.
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Life insurance can help pay for a transfer of ownership after a small-business owner dies. Now it may bring an unexpected tax bill.
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It's Time for the Fed to End the Waiting Game

Wall Street Journal - 12 Jul 2024 13:30
There is no longer any good reason to delay cutting rates. Why wait until September?
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Money markets ramp up bets on earlier US interest rate cuts The Federal Reserve will begin cutting interest rates in September, money markets indicate, after US inflation continued to slow down.
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While JPMorgan has passed numerous stress tests lately, it's possible the bank's consumers could begin showing more strain from higher interest rates.
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EPFO settles claims worth ₹9,260 crore for 2023-24 at 8.25% interest. Details here So far, EPFO has settled over 23.04 lakh claims and disbursed an amount of ₹9,260 crore to the members inclusive of latest interest rate declared @ 8.25% per annum, the provident fund body revealed in a series of posts
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F&O trading: Do retail investors really need Sebi's big brother oversight? In F&O trading, increasing lot sizes or bumping up margins might be a good idea to reduce the impact of the systemic risk.Reducing the number of expiries in the week reduces the zero-days-to-expiry rush
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