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Market News

Location American Market News for 24 July 2024

Big Tech Selloff Slams Nasdaq With Worst Day Since 2022

Wall Street Journal - 25 Jul 2024 01:29
Magnificent Seven stocks lost the most market value in a single day on record.
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IBM reported better-than-expected results for the second quarter, and the company said it's seeing more business tied to generative artificial intelligence.
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Shares of Chipotle have risen 24% this year, bringing its market value up to $72.82 billion.
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AMC's preliminary results revealed revenue down more than 23% during the period and a net loss, compared to a profit during the same period a year earlier.
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Ford's results are expected to be relatively healthy, although down from the second quarter of 2023.
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ITR filing: Still want to switch to old income tax regime? Here is what you can do If you are not impressed with the new income tax regime even now, there is a provision to switch to the old one from the default regime.
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How the Budget affects your salaries, investments and taxes Changes to the capital gains and personal taxes in the Union budget could leave more money in your hands. Mint explains.
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Budget 2024: How will capital gains tax tweaks impact taxpayers? Beneficial, says I-T department. Here's the math Budget 2024: With too many capital gains tax-related changes coming into force, that too with immediate effect, taxpayers are anxious about the impact on their tax liability. Tax rates have been changed, exemption limit ...
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Tuttle helped persuade companies such as Palantir and Snowflake to list on the Big Board, rather than Nasdaq.
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Meet the Everyday Investors Who Pledged Crypto to Trump

Wall Street Journal - 24 Jul 2024 17:00
The Republican nominee is the first major-party presidential candidate to accept crypto donations.
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Nike and Adidas Don't Want to Share the Olympic Podium

Wall Street Journal - 24 Jul 2024 16:00
The Olympics typically isn't an event that supercharges sales for sportswear brands, but companies don't want to miss the opportunity to reach billions of viewers.
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Google Fails to 'Wow' as AI Bills Mount

Wall Street Journal - 24 Jul 2024 14:00
The advertising business faces tough growth comparisons, while AI spending continues to surge.
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Old vs New Income Tax Regime: Which will turn out to be beneficial for whom after Budget 2024 announcements? The Budget 2024 introduces changes to income tax structures, prompting a comparison between the old and new regimes for taxpayers. The new regime offers increased standard deduction and benefits for lower income brackets...
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Tesla's Auto Woes Crash Elon Musk's AI Dreams

Wall Street Journal - 24 Jul 2024 13:30
The electric-vehicle pioneer's second-quarter results showed a challenged car business, while its CEO just wants investors to think about autonomy.
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Tesla shares fell more in premarket trading in the U.S. after it reported second-quarter earnings that missed expectations.
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Budget 2024: Investing in real estate? Check how income tax amendments can affect your property transactions Budget 2024: The proposed amendments to the income tax laws will have far-reaching implications for real estate transactions
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Shoppers flock back to Waitrose as Asda loses customers Shoppers are flocking back to Waitrose stores as rival Asda loses customers, new industry figures show.
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Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity.
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Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 million euros.
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Budget 2024: Govt attempts to make new tax regime more attractive with a slew of sops. Is old regime out of favour? The Union Budget 2024 promotes the New Tax Regime with higher rebates and deductions, aiming to attract taxpayers. Proposed changes include increased standard deductions and employer NPS contributions.
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Which financial tool is most suitable for different types of emergencies? Sachin managed his financial emergency through an emergency fund, credit cards, and a personal loan, ensuring stability and support during unexpected job loss and relocation.
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Budget 2024: Taxpayers can re-assess income tax file beyond 3 years, and till 5 years, IF... FM revises time limit Budget 2024: Finance Minister Nirmala Sitharaman has revised income tax re-assessment provisions. Income tax files can be reopened after three years fro the end of the assessment year if the income which is not disclosed...
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