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Market News

Location American Market News for 6 August 2024
Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations.
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Rivian beat Wall Street's top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to take costs out of its business.
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Stocks Claw Back Losses After Global Selloff

Wall Street Journal - 6 Aug 2024 20:44
The Dow, S&P 500 and Nasdaq advanced after the Nikkei jumped 10%.
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These fund houses show courage to launch NFOs while market is going bonkers; should you invest? Amid market volatility, which saw the Nifty50 plunge 3 per cent in one trading session, a number of mutual fund houses have lined up their new fund offers or NFOs.
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Why Everyone Needs a 'Digital Death-Cleaning' Plan

Wall Street Journal - 6 Aug 2024 18:00
Nobody wants to leave heirs a confusing collection of files they can't open, accounts they can't access and assets they can't locate.
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The y have a strong common cause to protect the billions of dollars Google pays Apple every year to keep its search engine on the iPhone, though the arrangement is looking a little more dicey.
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The restaurant company owns Taco Bell, KFC and Pizza Hut.
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Uber reported earnings and revenue that topped estimates for its second quarter.
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Japanese Yen rises to 7-month high: What does it mean for Indians travelling to Japan? In the past one month, Japanese Yen has risen by 10.84 percent against the US dollar. Japanese Yen traded at 0.0068962 USD (1 JPY) on Tuesday.
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How a strategically diversified portfolio can help you navigate market storms Diversification extends beyond asset classes; it also encompasses geographic diversification
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Should you trade in your employer's stock? A cautionary tale of insider trading risks Delve into the complex world of insider trading and discover how to stay on the right side of the law. Know the rules, avoid the risks.
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Budget 2024: How will the increased NPS tax deduction impact your retirement savings? The Budget 2024 has increased the tax deduction limit on employer NPS contributions from 10% to 14%, aligning private sector employees with government counterparts, and introduced the NPS Vatsalya scheme for saving for c...
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Saudi Aramco reported $29.1 billion in net profit for the second quarter, a dip of 3% from the same period last year as production volumes remained low.
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Stocks surge as traders pile on pressure for rate cuts amid recession fears Asian stock markets bounced back from the brutal sell-off of the last two trading days as plunging bond yields ramp up pressure for interest rate cuts.
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HDFC Bank announces new reward points limits for credit cards from September 1st. Details here HDFC Bank has announced changes to its credit card rewards program effective 1st September 2024. The reward points for utility transactions will be capped at 2,000 per calendar month. Education payments through third-par...
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The heavily indebted Chinese developer said it is seeking to claw back the money from seven individuals, including founder Hui Ka Yan, his ex-wife, a former chief executive and a former chief financial officer.
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What to Do With Your Money if You're Worried About the Market

Wall Street Journal - 6 Aug 2024 02:49
The standard advice is to do nothing, but there are some exceptions.
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