Market News
Meta shows aggressive spending on AI is already paying off in big earnings beat
CNBC - 1 Aug 2024 03:13
While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run.
Carvana beats Wall Street's second-quarter expectations, guides toward record year
CNBC - 1 Aug 2024 02:47
Carvana expects 2024 to be a record year for the used-car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion.
Intel to cut 15% of workforce, reports quarterly guidance miss
CNBC - 2 Aug 2024 01:34
Intel will say goodbye to 15,000 employees, cut capital expenditures and forgo a fourth-quarter dividend following weak results and quarterly guidance.
Weak Economic Data Prompts Stock selloff
Wall Street Journal - 2 Aug 2024 00:36
Yield on 10-year Treasury note slides below 4% while drugmaker Moderna's shares take a dive on Thursday.
Eaton shares get dragged down in the market selloff despite a nice beat and raise
CNBC - 1 Aug 2024 23:18
While down 3% on Thursday, Eaton stock was still up more than 22% year to date, performing slightly better than the S&P 500.
Apple set to report fiscal third-quarter earnings after the bell
CNBC - 1 Aug 2024 20:00
This year, the "main event" won't be Apple's earnings, it's what Apple says about the September quarter.
Amazon to report quarterly earnings after the close
CNBC - 1 Aug 2024 20:00
Analysts expect Amazon to show revenue growth of 10.5% in its second-quarter earnings report.
Have you missed ITR filing deadline? You can still file belated income tax return. Check details
livemint.com - 1 Aug 2024 19:24
A belated income tax return under section 139(4) of the I-T Act can be filed after the July 31 deadline.
₹2,000 banknotes withdrawal: 97.92% returned; notes worth ₹7,409 cr still with public, says RBI
livemint.com - 1 Aug 2024 18:05Investment strategy for long-term goals: Balancing education, retirement and charity
livemint.com - 1 Aug 2024 17:33
Reviewing the portfolio every six months can help build your retirement corpus more efficiently.
RBI mulls new ways to authenticate digital payments besides OTP. Check proposed options to verify online transactions
livemint.com - 1 Aug 2024 17:13
The RBI has released a draft framework on alternative authentication mechanisms for digital payments. The move aims to boost the safety of online transactions.
Wayfair shares sink as CEO likens home goods slowdown to 2008 financial crisis
CNBC - 1 Aug 2024 16:32
Online home goods company Wayfair has seen sluggish demand against high interest rates, but repreive could come if the federal reserve cuts rates in September
Biogen beats expectations, hikes outlook as Alzheimer's drug Leqembi and other new products gain traction
CNBC - 1 Aug 2024 14:56
Uptake of Biogen's breakthrough Alzheimer's drug, Leqembi, appears to be picking up, with roughly $40 million in sales for the quarter.
A guide to capital gains tax on property sales: Navigating pre- and post-2001 rules
livemint.com - 1 Aug 2024 14:33
A comprehensive guide on calculating the cost of acquisition for properties bought before and after 1 April 2001, highlighting factors like purchase price, associated fees, and the treatment of interest payments, in ligh...
Meta's Ad Strength Gives Its AI Spending Some Cover
Wall Street Journal - 1 Aug 2024 13:49
The Facebook parent is the latest to signal more capital spending ahead, but advertising is holding up.
Why the Fed Risks Falling Behind
Wall Street Journal - 1 Aug 2024 13:30
Waiting until September to start cutting rates might have narrowed the Federal Reserve's room for maneuver.
Why hike in share buyback tax announced in the Budget hurts investors
livemint.com - 1 Aug 2024 13:20
Due to disproportionately high taxes on buybacks, retail shareholders will skip these issues leaving the field open for institutional investors like mutual funds who pay no taxes or near zero tax
Top 6 credit score myths: Don't fall for these common misbeliefs
livemint.com - 1 Aug 2024 12:10
Prerna's credit card application was rejected due to a low credit score caused by her lack of credit history. She debunked myths about credit scores like income affecting it, keeping a balance on credit cards, and the im...
Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
CNBC - 1 Aug 2024 11:45
Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.
Beware: These 5 financial habits could crush your wealth dreams
livemint.com - 1 Aug 2024 11:13
Unyalthy financial habits have been cultivated by many of us, which can hinder our progress. The first step in breaking these habits is realizing what they are.
Barclays profit dips in the second quarter, beats estimates
CNBC - 1 Aug 2024 11:11
The British lender is undergoing a major restructuring program in a bid to boost profits.