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Market News

Location American Market News for 1 August 2024
While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run.
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Carvana expects 2024 to be a record year for the used-car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion.
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Intel will say goodbye to 15,000 employees, cut capital expenditures and forgo a fourth-quarter dividend following weak results and quarterly guidance.
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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.
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While down 3% on Thursday, Eaton stock was still up more than 22% year to date, performing slightly better than the S&P 500.
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This year, the "main event" won't be Apple's earnings, it's what Apple says about the September quarter.
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Analysts expect Amazon to show revenue growth of 10.5% in its second-quarter earnings report.
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Have you missed ITR filing deadline? You can still file belated income tax return. Check details A belated income tax return under section 139(4) of the I-T Act can be filed after the July 31 deadline.
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₹2,000 banknotes withdrawal: 97.92% returned; notes worth ₹7,409 cr still with public, says RBI The value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore on May 19, 2023, when the withdrawal was announced, has declined to ₹7,409 crore.
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Investment strategy for long-term goals: Balancing education, retirement and charity Reviewing the portfolio every six months can help build your retirement corpus more efficiently.
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RBI mulls new ways to authenticate digital payments besides OTP. Check proposed options to verify online transactions The RBI has released a draft framework on alternative authentication mechanisms for digital payments. The move aims to boost the safety of online transactions.
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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
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Uptake of Biogen's breakthrough Alzheimer's drug, Leqembi, appears to be picking up, with roughly $40 million in sales for the quarter.
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A guide to capital gains tax on property sales: Navigating pre- and post-2001 rules 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...
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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.
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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.
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Why hike in share buyback tax announced in the Budget hurts investors 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
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Top 6 credit score myths: Don't fall for these common misbeliefs 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...
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Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.
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Beware: These 5 financial habits could crush your wealth dreams 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.
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The British lender is undergoing a major restructuring program in a bid to boost profits.
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Ready to boost savings? Here's how to make the most of rising fixed deposit rates When interest rates rise, it's an opportunity to boost your FD returns. By applying strategic approaches, you can take full advantage of higher FD rates and maximize your overall investment gains.
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