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Market News

Location American Market News for 16 July 2024
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.
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The Dow industrials and S&P notched new highs Tuesday, while small-cap stocks extended their outperformance over megacap technology shares.
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Investors on Tuesday are more willing to look beyond a missed Morgan Stanley's wealth management business than in the past.
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ITR filing: Here is a lowdown on new income tax regime-- check exemptions and deductions 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 ...
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The former president's cryptocurrency fundraising hit $3 million in the second quarter, a sliver of the campaign's overall haul.
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Morgan Stanley benefited from its Wall Street-centric model in the quarter, as a rebound in trading and investment banking boosted results.
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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.
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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.
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Bank of Baroda, Bank of Maharashtra launch special fixed deposit schemes. Details here 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.
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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.
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Rising EPFO, NPS subscribers point to spike in jobs: Report 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.
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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.
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Shares of Hugo Boss fell as much as 10% in morning trade Tuesday after the company cut its sales outlook.
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Sebi is regulating influencers. What if they're also mutual fund distributors? 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...
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4 key changes banks made that reduced credit card rewards 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...
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Labour warned it needs 'growth miracle' to fund economic pledges Labour needs a "growth miracle" if it is to fund its aspirations for public services, economists have warned, ahead of the King's Speech.
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ITR Filing 2024: What is the penalty amount for filing income tax returns after the due date? The deadline for filing Income Tax Returns for the financial year 2023-24 (assessment year 2024-25) is July 31, 2024. Delayed payment of taxes may result in penalties or interest charges, depending on the extent of the d...
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You get $1,000 for an emergency of your choice. It could be a doctor's bill or groceries.
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