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Market News

Location American Market News for 22 July 2024
The deal with private-sector creditors could save the war-torn country more than $11 billion over three years.
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Nvidia, Chip Stocks Power Market Rebound

Wall Street Journal - 23 Jul 2024 00:13
There was little consensus among investors about what President Biden's exit should mean for markets in the short run. The S&P 500 rose 1.1% and the Nasdaq Composite gained 1.6%.
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Cash Dries Up for Locals Fighting Climate Change

Wall Street Journal - 22 Jul 2024 17:00
A collapse of the carbon-credit market threatens projects in developing countries.
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ITR filing 2024: Govt cautions against 'fake news' claiming extension of 31 July deadline The I-T department informed that no extension has been granted and suggested that tax payers follow updates from the official website or portal of Income Tax department of India.
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Some analysts expect both GM and Ford to guide toward the upper end of their 2024 financial forecasts, if not raise them.
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Unable to pay credit card outstanding? Should you convert it to a personal loan with easy EMIs The interest rate charged on credit card outstanding can range between 36 to 45% per annum, which is huge. Converting it into a personal loan can bring down the interest rate and give you enough time to repay with smooth...
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Jeeps Could Crash the Party at GM and Ford

Wall Street Journal - 22 Jul 2024 13:56
Six months ago, the manufacturers were penciling price declines into their forecasts for the year, but sales prices have turned out better than expected.
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Allow tax deduction for health insurance in the new regime, says ICAI chief Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India, said people should invest or buy insurance for future benefits and not tax concessions, but made an exception for medical insurance due...
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Budget 2024: Know the real tax on your income

livemint.com - 22 Jul 2024 13:42
Budget 2024: Know the real tax on your income Unchanged tax slab rates (old) for 10 years is eating into your disposable income if you factor in inflation. New tax regime gives no respite.
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Unlocking wealth: AI and blockchain solutions for unclaimed asset recovery Using blockchain and AI to recover investment ensures compliance and transparency while also enhancing efficiency. In the long run, this will benefit claimants and asset holders
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Markets slump overnight after Biden quits presidential race Stock markets fell overnight in Asia after Joe Biden announced he was quitting the 2024 US presidential race.
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Breaking the cycle: How to stop money worries from affecting your mental health? Financial stress is a common struggle that can affect anyone, leading to unhealthy coping mechanisms. It is crucial to recognize the signs of financial stress and take proactive steps to manage finances effectively.
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Tata AIG partners with Mahindra Finance to broaden distribution of non-life insurance products. Details here Mahindra Finance and Tata AIG have joined forces to improve the distribution of Tata AIG's non-life insurance products across Mahindra Finance's extensive customer network.
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SBI launches Amrit Vrishti scheme; earn 7.25% interest on 444-day deposits The Amrit Vrishti sponsored by SBI, like many other government-sponsored schemes, appears promising initially but may not significantly contribute to long-term wealth enhancement.
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A Stock Market Rotation of Historic Proportions Is Taking Shape

Wall Street Journal - 22 Jul 2024 07:00
The stock market has suddenly turned upside down. Few investors saw the shift coming, and many are puzzled by what is behind it.
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Why this ex-corporate honcho believes first 25 years are to learn, next to earn & last to return Dalveer Singh, with his wife Aarti, have achieved major life goals, providing for their sons' overseas education and building a retirement kitty. They are now seeking a serene retirement home far away from the fast-paced...
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Tax impact of crowdfunding for cancer treatment: Key insights Relatives pooling together funds for a common purpose of spending for medical relief of a relative can also claim exemption for the pooled funds
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