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Market News

Location American Market News for 20 August 2024
After two rough quarters, Palo Alto reports the type of earnings we expect from one of the best cybersecurity companies in the world
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The roughly 27% rally since Aug. 5 brings the stock just a few dollars shy of its record-high close of nearly $377 on Feb. 9.
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China Says 'Please Stop Buying Our Bonds'

Wall Street Journal - 20 Aug 2024 16:00
Plunging bond yields are a symptom of economic weakness that are easier to fix than curing the country's troubled economy.
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AstraZeneca Is a Cancer Leader. Obesity Could Be a Bonus.

Wall Street Journal - 20 Aug 2024 15:00
The Anglo-Swedish drugmaker remains one of the best bets in Big Pharma, and potential success in obesity isn't priced in to the stock.
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Lowe's said customers took on fewer discretionary home projects and unfavorable weather hurt sales of outdoor and seasonal items.
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Should PMS investors switch to focused funds after new tax changes? If your PMS returns start to lag on a post-tax basis after the changes announced in the budget, you can look for alternatives in mutual funds
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The New Onsemi Is Worth Turning Back On

Wall Street Journal - 20 Aug 2024 14:00
An auto inventory pileup has dented the chip maker's valuation, but a new margin structure and AI potential make the stock a worthy bet.
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Loans of around $13 billion have remained "hung" for nearly two years, bringing in interest payments but weighing on banks' balance sheets.
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A Natural-Gas Glut Is Forcing Drillers to Dial Back---Again

Wall Street Journal - 20 Aug 2024 13:30
An oversupply of the power-plant fuel persists despite some of the hottest weather on record.
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Swipe to Success: How smart credit card use can boost your net worth? Credit cards, often misunderstood due to complex terms, can lead to debt traps if not used wisely. Disciplined usage focusing on rewards and cashback can enhance wealth. Avoid overspending and costly transactions to bene...
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Could Sebi's new curbs for investment advisers choke financial planning in India? Investment advisers oppose Sebi's plan to limit their scope, arguing it would hinder comprehensive financial planning and mean the end of their profession. .They suggest disclosures for unregulated services instead, insi...
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Oil prices near lowest level this year amid Gaza ceasefire hopes Oil prices have fallen close to their lowest level this year amid growing hopes about a ceasefire proposal in Gaza that could ease tensions in the Middle East.
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Tax rules: Claiming vacant house as self-occupied in income tax return As per income tax laws, each taxpayer can claim two houses as self-occupied. Your wife can claim her vacant house as self-occupied in her ITR since it was not rented out last year.
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Axis Bank has done the unthinkable: Launched a credit card it doesn't want everyone to have. Axis Bank's Primus card isn't just plastic; it's an invitation to an elite club that money alone can't buy--unless you have plenty of it. More status symbol than credit card, Primus flaunts a price tag that embodies weal...
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Understanding tax impact of Indian property transfers to a trust for NRIs The trust itself will not be taxed on receiving property from the settlor, as it is established for the benefit of your children, who qualify as your 'relatives' under ITA provisions.
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