Market News
Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance
CNBC - 26 Jul 2024 01:31
Dexcom issued disappointing results and guidance, which the company attributed in part to a change in its salesforce.
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.
Honeywell drops on cuts to guidance. Here's why it may provide an opportunity
CNBC - 25 Jul 2024 23:30
The stock's nearly 5% slide Thursday is pushing it closer to a level where we would consider buying more shares.
Hasbro beats second-quarter estimates, goes 'all in' on digital gaming segment
CNBC - 25 Jul 2024 20:30
Though Hasbro's revenue declined 18% overall during the quarter, Wizards of the Coast and the digital gaming segment grew 20%.
Income Tax Return: Can Budget 2024 tweaks impact your ITR filing? All you need to know ahead of July 31 deadline
livemint.com - 25 Jul 2024 18:34
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.
Budget 2024 | 'Capital gains tax hike not positive': SRCC prof Saumya Aggarwal on NPS Vatsalya, new tax regime & more
livemint.com - 25 Jul 2024 17:49
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.
American issues weak profit forecast after backfired sales plan, industry oversupply
CNBC - 25 Jul 2024 17:46
The carrier's profit fell 46% during the second quarter even though revenues rose.
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.
How the Budget affects your LTCG tax on immovable property
livemint.com - 25 Jul 2024 15:27
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...
Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
CNBC - 25 Jul 2024 15:00
Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations.
Medicaid Was a Boon to Insurers During the Pandemic. Now, Not So Much.
Wall Street Journal - 25 Jul 2024 15:00
Insurers with a focus on Medicaid are seeing higher costs per member after millions of enrollees were forced out of the plans.
Southwest profit falls 46% as airline takes 'urgent' steps to increase revenue
CNBC - 25 Jul 2024 14:51
Southwest is under pressure from an activist investor after it lagged competitors.
CrowdStrike Outage Puts its Financial Reporting Under Scrutiny, Too
Wall Street Journal - 25 Jul 2024 14:00
CrowdStrike's preferred revenue measure looks especially dubious following its global mishap.
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.
Budget 2024: With new tax rates, spike in property prices would lead to lower LTCG tax. This is how
livemint.com - 25 Jul 2024 13:14
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.
Unilever pops 5% on margin guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025
CNBC - 25 Jul 2024 13:14
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.
Understanding impact of Budget on personal finance
livemint.com - 25 Jul 2024 12:40
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...
Budget 2024: What amendments are proposed in taxation of debt and bullion products- Let's find out
livemint.com - 25 Jul 2024 12:26Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
CNBC - 25 Jul 2024 12:01
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.
Jeep, Dodge-maker Stellantis reports 48% drop in first-half net profit on weak U.S. sales
CNBC - 25 Jul 2024 11:57
Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes and lower market share in North America.
Budget 2024: Experts weigh in on impact of capital gains tax hike on investor sentiment, mutual fund growth
livemint.com - 25 Jul 2024 11:37
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...
Centre to modify issue of T-bills for cash management, no change in bond sales: report
livemint.com - 25 Jul 2024 11:07
The central government will tweak T-bill issuance, not bond sales, for cash management, govt officials say, according to a report by Reuters.