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Location American Market News for 17 July 2024
United and Delta have benefitted from an increase in consumers' shift to premium cabins.
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Tech Shares Log Worst Day of 2024

Wall Street Journal - 18 Jul 2024 00:32
A selloff in semiconductors and other market stars drives a big market divergence
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During the Investing Club's Monthly Meeting on Wednesday, Jim Cramer highlighted the portfolio stocks that would be helped by another Trump presidency.
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Warburg Pincus Names Veteran Jeffrey Perlman CEO

Wall Street Journal - 17 Jul 2024 19:20
Warburg Pincus veteran Jeffrey Perlman has been named to succeed Chief Executive Chip Kaye, who in turn will become co-chairman of the private-equity firm.
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Apple shares beat out the portfolio's other mega-cap tech names, with a 9.7% advance over the period.
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Would Trump Ease Up on Medicare? Wall Street Thinks So.

Wall Street Journal - 17 Jul 2024 17:00
Investors bet that if Donald Trump is elected president, his administration will take a friendlier approach to big insurers in the Medicare Advantage business.
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Decoding springing and current Powers of Attorney: Key factors to consider Springing power of attorney becomes effective upon incapacity, while a current power of attorney is effective immediately.
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Budget expectation: Excluding family settlement from the rigours of anti-abuse provisions A family settlement is a structured agreement aimed at amicably navigating challenges, ensuring equitable distribution of assets among members and resolving disputes to preserve family unity and minimise legal complexiti...
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HSBC Names Georges Elhedery as Chief Executive

Wall Street Journal - 17 Jul 2024 14:38
Georges Elhedery, who has spent two decades at the bank, will take over as chief executive after it unexpectedly said earlier this year that Noel Quinn would retire.
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This distributor puts 99% of his clients' assets in PMS. Here's why. Ramanan Venkateswaran's company Pygmalion Renaissance manages ₹2,000 crore in assets, but just ₹4 crore of this is in mutual funds.
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Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance.
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Looking for an investment advisor? Beware of fake testimonials, reviews Securities Exchange Board of India recently cracked down on an investment advisor and imposed penalty amounting to ₹25 lakh for a series of offences including the sharing of fake testimonials and reviews on website to ...
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Inflation holds firm in blow to hopes for interest rate cuts Stubborn inflation has weakened the case for an interest rate cut next month after official data showed families still face pressure from higher household costs and soaring restaurant and hotel bills.
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ASML reported second-quarter earnings and sales that beat forecasts, as interest in AI chips drives up demand for the firm's semiconductor making equipment.
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Wall Street Wants In on America's Battery Storage Boom

Wall Street Journal - 17 Jul 2024 08:01
A surge in solar power lets battery companies charge up during the day when power prices are low and sell in the evening at higher prices.
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Bank holiday today: Are banks closed for Muharram, other local holidays in THESE cities? Bank holiday: Banks will remain closed today, July 17, in selected regions of the country on account of Muharram/Ashoora/U Tirot Sing day, as per the Reserve Bank of India (RBI) guidelines. Banks have 12 holidays in July...
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Real-Estate Meltdown Strains Even the Safest Office Bonds

Wall Street Journal - 17 Jul 2024 05:05
Defaults in a corner of the commercial real-estate debt market are surging and triggering losses.
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