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Market News

Location American Market News for 29 July 2024

S&P 500 Edges Up With Tech Earnings Looming

Wall Street Journal - 30 Jul 2024 00:22
The broad index and the Nasdaq Composite each added 0.1%, with Microsoft, Meta, Amazon and Apple set to report results in coming days. McDonald's stock was a standout, rising 3.7%.
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McDonald's U.S. president said the company fell short in key areas during its second quarter, and needs to refocus on value.
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U.K. Government Cancels Retail Sale of Its 20% NatWest Stake

Wall Street Journal - 29 Jul 2024 19:30
The government bailed out the lender during the financial crisis and has been trimming down as part of a plan to return it to private ownership in the coming years.
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It's a Cruel Summer for Big Tech Stocks

Wall Street Journal - 29 Jul 2024 16:00
The Magnificent Seven confront their next test when Microsoft, Meta, Amazon.com and Apple report their results this week.
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Many in the aviation industry are railing against misaligned incentives in the engine-making business, which makes profit through repair-shop visits and spare parts.
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Big Pharma Rallies and Moves Past Obesity

Wall Street Journal - 29 Jul 2024 14:30
The rotation into laggard pharmaceutical stocks is being helped by optimism over regulations.
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Investors Embrace Bond Funds Before Rates Start to Fall

Wall Street Journal - 29 Jul 2024 13:30
Fixed-income exchange-traded funds collected more money than ever during the year's first half.
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In a Troubled Box Office, Premium Still Sells

Wall Street Journal - 29 Jul 2024 13:30
"Deadpool & Wolverine" is bringing crowds back to theaters. For IMAX, they never left.
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Shares of Philips jumped in early deals Monday after the Dutch device maker reported better-than-expected second-quarter earnings.
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Successfully filed ITR? Tax refund may still get delayed this year due to THIS reason says CA, netizens disagree... Social media user Anand Luhar who claims to be a CA, posted on X that the I-T Department plans to use of a specially designed AI software to scrutinise ITR filings, which would delay returns. Netizens however demanded pr...
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The case for tokenising mutual fund units: What could have prevented the missed opportunity during 4 June's correction Tokenisation of mutual funds could have prevented the missed opportunity of 4 June, when investors tried to invest lumpsum amounts in mutual fund schemes when the markets had dipped. They were allocated the units on 5 Ju...
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This new credit card rule may cost you more | Here's why A credit card user may end up paying interest of around 3% to 4% a month over the outstanding amount, which is more than 40 per cent a year, owing to a decrease in the minimum amount due.
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Retirement Planning: How to choose allocation towards schemes E/G/C in NPS? NPS is a useful tool for retirement savings and offers four asset classes to choose from. Subscribers can opt for auto choice or active choice for asset allocation, with active choice allowing up to 75% in equity.
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Fall in job vacancies boosts hopes of rate cut

Telegraph - 29 Jul 2024 10:13
Fall in job vacancies boosts hopes of rate cut A plunge in job vacancies is set to bolster hopes for an interest rate cut as Bank of England officials prepare to meet this week.
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Income tax filing: Last minute mistakes to avoid and details to check when filing your income tax returns As the deadline to file your income tax returns for FY2023-24 approaches on 31 July, Mint brings you the details of changed document requirements for claiming deductions under various heads, along with last-minute checks...
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5 investing mantras by Chuck Akre that elevated him to the league of Buffett and Munger The three main pillars of Chuck Akre's investment philosophy are a long-term outlook, a thorough understanding of company fundamentals, and a methodical approach to valuation.
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Income Tax Return: Last 3 days to go before July 31 deadline expires; key things to remember by all taxpayers Here we give a lowdown on filing income tax return (ITR) for financial year 2023-24 which includes selecting the correct I-T form, opting for the old tax regime, verification of return and cross-checking the form-16 deta...
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ITR filing deadline: Who can file income tax return after July 31, 2024? A late fee of ₹1,000 will be charged to individuals whose annual salary is less than ₹5 lakh, and a late fee of ₹5,000 will be imposed on those whose annual salary exceeds ₹5 lakh. Certain taxpayers, however, are...
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ITR Filing: Want to switch back to the old tax regime? Here's how to do it Individuals or HUFs with business or professional income are required to file Form 10-IEA to choose to remain under the old tax regime instead of the new one. If Form 10-IEA is not filed by the first ITR filing deadline,...
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Planning for your child's retirement? Discover how the NPS Vatsalya scheme can help This year's Union Budget included the well-thought-out NPS Vatsalya scheme, which aims to provide children with a stable financial future. It helps parents to begin saving and investing for their child's retirement at a ...
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McDonald's stock has fallen 15% year to date, dragging its market value down to $181.2 billion.
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How the budget has eased the rules for international transactions The budget has revised the tax rates for investing directly in foreign stocks and eased the burden of reporting certain foreign assets
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