Market News
The Dramatic Turnaround in Millennials' Finances
Wall Street Journal - 14 Aug 2024 05:00
It wasn't the avocado toast. Soaring home prices and smart investments have helped change the narrative for a generation once mocked for being perpetually behind.
Commonwealth Bank of Australia's Profit Falls Amid Competition
Wall Street Journal - 14 Aug 2024 04:10
Australia's biggest bank said its annual net profit fell 6%, with growth in its core businesses offset by ongoing competition.
Warren Buffett's Berkshire Hathaway Takes Ulta Beauty Stake, Sending Shares Up
Wall Street Journal - 15 Aug 2024 01:11
The legendary investor added to positions in Chubb and Occidental Petroleum.
DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street
CNBC - 14 Aug 2024 23:40
Earlier this month, DraftKings said it would introduce a surcharge on users in states where taxes on sports betting are highest. FanDuel wouldn't follow suit.
Independence Day 2024: Why should you strive to find freedom from debt?
livemint.com - 14 Aug 2024 19:14
Independence Day: While India celebrates its 78th Independence Day tomorrow, it is a good time for the country's people to reflect on the importance of remaining debt-free. Experts say keeping debt levels low is imperati...
U.S. Crude Oil Stockpiles Rise After Six Straight Declines
Wall Street Journal - 14 Aug 2024 19:01
Commercial crude oil stocks rose by 1.4 million barrels in the latest week, contrary to analysts' expectations for a fall, but remain about 5% below the five-year average.
UBS CEO says it's too early to talk about a U.S. recession, but a slowdown is possible
CNBC - 14 Aug 2024 14:19
UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.
Why navigating stock market boom requires caution
livemint.com - 14 Aug 2024 14:17
Stick to your financial plan to avoid emotional pitfalls like greed and FOMO, ensuring long-term wealth creation..Accepting market volatility is crucial. Building an emergency fund and maintaining a long-term investment ...
Understanding professional tax: What every employee and self-employed individual should know
livemint.com - 14 Aug 2024 14:12
Professional tax in India is state-specific and capped at ₹2,500 per year. While some states levy it every month, others do not levy it at all. Let us decode this tax and understand the compliances involved
The Big Risk for the Market: Becoming an AI Echo Chamber
Wall Street Journal - 14 Aug 2024 13:30
Artificial intelligence was still the main source of profit growth for the S&P 500 this earnings season. But AI-driven firms are largely boosting each other's profits.
World's largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
CNBC - 14 Aug 2024 12:53
Norway's massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).
Chinese tech giant Tencent's quarterly profit jumps 82% as key gaming unit accelerates
CNBC - 14 Aug 2024 12:49
Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.
Inflation rises for first time this year
Telegraph - 14 Aug 2024 10:01
Inflation has risen for the first time this year, official figures show, in a blow to Sir Keir Starmer after his first month in power.
NFO Alert: HDFC Mutual Fund launches Multi Cap 50:25:25 Index Fund. Should you invest?
livemint.com - 14 Aug 2024 08:12
NFO: HDFC NIFTY500 Multicap 50:25:25 Index Fund will remain open for subscription till August 20.
Mars Nears Roughly $30 Billion Deal for Cheez-It and Eggo Maker Kellanova
Wall Street Journal - 14 Aug 2024 06:27
The privately held Mars is expected to pay $83.50 per share for Kellanova in the all-cash deal.