Market News
Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations
CNBC - 17 Jul 2024 00:59
Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations.
Dow Clinches Best Day in More Than a Year, S&P 500 Hits New Record
Wall Street Journal - 17 Jul 2024 00:45
The Dow industrials and S&P notched new highs Tuesday, while small-cap stocks extended their outperformance over megacap technology shares.
We're hiking our price target on Morgan Stanley despite a miss in a key business
CNBC - 16 Jul 2024 21:57
Investors on Tuesday are more willing to look beyond a missed Morgan Stanley's wealth management business than in the past.
ITR filing: Here is a lowdown on new income tax regime-- check exemptions and deductions
livemint.com - 16 Jul 2024 20:07
Under the new tax regime, lower tax rates come into effect and taxpayers are not allowed to claim deductions and exemptions when they file the income tax return. While the new tax regime is the default regime, it is not ...
Trump Campaign Reaps $3 Million in Crypto, From Bitcoin to Dogecoin
Wall Street Journal - 16 Jul 2024 17:31
The former president's cryptocurrency fundraising hit $3 million in the second quarter, a sliver of the campaign's overall haul.
Morgan Stanley beats estimates on better-than-expected trading and investment banking
CNBC - 16 Jul 2024 17:03
Morgan Stanley benefited from its Wall Street-centric model in the quarter, as a rebound in trading and investment banking boosted results.
Bank of America tops estimates on better-than-expected investment banking
CNBC - 16 Jul 2024 16:44
Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of this year.
Bank of America's Profit Slips
Wall Street Journal - 16 Jul 2024 16:32
Higher interest rates continued to weigh on the second-largest U.S. bank's lending businesses.
Bank of Baroda, Bank of Maharashtra launch special fixed deposit schemes. Details here
livemint.com - 16 Jul 2024 15:38
Bank of Baroda has two special fixed deposit schemes on offer for investors. One with a tenure of 333 days offers 7.15 percent interest, while the other with 399 days offers 7.25 percent interest to depositors.
A Stock Market Needs to Attract Stocks. Someone Also Needs to Buy Them.
Wall Street Journal - 16 Jul 2024 14:06
An overhaul that attracts companies like Shein could help a flagging London Stock Exchange, but the main issue is that U.K. equities are dirt-cheap.
Rising EPFO, NPS subscribers point to spike in jobs: Report
livemint.com - 16 Jul 2024 13:59
The EPFO reported that although there was a dip in new subscribers for 2023-24 compared to the previous fiscal, the no. of new subscribers in FY24 doubled compared to 2018- 19.
How Wall Street Keeps Absorbing America's Borrowing Binge
Wall Street Journal - 16 Jul 2024 13:30
Demand for safety and yield has supported Treasurys despite a huge supply increase.
Hugo Boss shares plunge 9% as firm cuts 2024 guidance amid slumping China demand
CNBC - 16 Jul 2024 12:57
Shares of Hugo Boss fell as much as 10% in morning trade Tuesday after the company cut its sales outlook.
Sebi is regulating influencers. What if they're also mutual fund distributors?
livemint.com - 16 Jul 2024 11:45
In the world of finfluencers, registered MF distributors are leveraging their online followings to reshape advisory roles. New Sebi norms mean that the difference between financial advice and social media influence is un...
4 key changes banks made that reduced credit card rewards
livemint.com - 16 Jul 2024 11:31
Some recent introduced by banks include spend-based access to airport lounges, devaluation of conversion ratio for transfer to partners, excluding reward points on specific categories, charges on utility bill payments, e...
Labour warned it needs 'growth miracle' to fund economic pledges
Telegraph - 16 Jul 2024 10:22
Labour needs a "growth miracle" if it is to fund its aspirations for public services, economists have warned, ahead of the King's Speech.
ITR Filing 2024: What is the penalty amount for filing income tax returns after the due date?
livemint.com - 16 Jul 2024 10:21Using Your Retirement Account as an Emergency ATM Just Got Easier
Wall Street Journal - 16 Jul 2024 05:00
You get $1,000 for an emergency of your choice. It could be a doctor's bill or groceries.