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Location American Market News for 25 July 2024
Dexcom issued disappointing results and guidance, which the company attributed in part to a change in its salesforce.
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Dow Industrials Rise After Surprisingly Strong GDP Data

Wall Street Journal - 26 Jul 2024 00:43
Smaller companies outperform, extending stock-market rotation; Wall Street responds to strong U.S. economic data.
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The stock's nearly 5% slide Thursday is pushing it closer to a level where we would consider buying more shares.
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Though Hasbro's revenue declined 18% overall during the quarter, Wizards of the Coast and the digital gaming segment grew 20%.
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Income Tax Return: Can Budget 2024 tweaks impact your ITR filing? All you need to know ahead of July 31 deadline ITR filing: The changes announced in Budget 2024 will be relevant only when you file your income tax return for FY 2024-25 in July next year.
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Budget 2024 | 'Capital gains tax hike not positive': SRCC prof Saumya Aggarwal on NPS Vatsalya, new tax regime & more Saumya Aggarwal speaks on changes in the capital gains tax rate in Budget 2024, the phasing out of the indexation benefit, and the finance ministry's move to make the new tax regime more appealing to taxpayers.
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The carrier's profit fell 46% during the second quarter even though revenues rose.
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Carmakers' Inventory Pain Is Consumers' Gain

Wall Street Journal - 25 Jul 2024 17:43
Nissan and Chrysler-owner Stellantis are focused on thinning out dealer lots, but not every brand is struggling.
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How the Budget affects your LTCG tax on immovable property The Union Budget has proposed a reduced LTCG tax rate of 12.5% on immovable property sales, effective 23 July 2024, while eliminating indexation benefits. This change benefits taxpayers if property appreciation exceeds a...
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Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations.
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Insurers with a focus on Medicaid are seeing higher costs per member after millions of enrollees were forced out of the plans.
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Southwest is under pressure from an activist investor after it lagged competitors.
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CrowdStrike's preferred revenue measure looks especially dubious following its global mishap.
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Land of the Rising Banks

Wall Street Journal - 25 Jul 2024 13:30
Japanese bank stocks have been on a roll and have more room to rise.
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Budget 2024: With new tax rates, spike in property prices would lead to lower LTCG tax. This is how Budget 2024: Higher real estate appreciation under new LTCG regime leads to lower tax outgo as indexation benefits are removed, favoring investors with high returns while penalizing those with lower returns.
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The company, whose vast portfolio of brands spans Dove, Axe, Knorr and Vaseline, recorded sales growth across all segments in the first half of the year.
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Understanding impact of Budget on personal finance

livemint.com - 25 Jul 2024 12:40
Understanding impact of Budget on personal finance The 2024 Union Budget simplifies personal finance with updated tax slabs, revised capital gains rates, and higher pension contributions. Key changes include increased standard deductions and the removal of indexation ben...
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Budget 2024: What amendments are proposed in taxation of debt and bullion products- Let's find out Budget 2024 proposes rationalizing capital gains taxation with changes affecting mutual fund schemes, debentures, and bullion products. Key amendments include new holding periods, taxation rates, and categorizations for ...
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Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.
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Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes and lower market share in North America.
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Budget 2024: Experts weigh in on impact of capital gains tax hike on investor sentiment, mutual fund growth Budget 2024: Will higher taxes on short-term capital gains make India's stock markets safer or less attractive? Finance Minister Sitharaman is betting on the former, but a chorus of experts is warning of unintended conse...
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Centre to modify issue of T-bills for cash management, no change in bond sales: report The central government will tweak T-bill issuance, not bond sales, for cash management, govt officials say, according to a report by Reuters.
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