Market News
Macy's cuts sales forecast as department stores struggle to draw shoppers
CNBC - 21 Aug 2024 17:32
Macy's beat quarterly earnings expectations but it cut its sales forecast for the full year.
As Generation X Approaches Retirement, Reality Still Bites
Wall Street Journal - 21 Aug 2024 05:00
The 'forgotten generation,' born between 1965 and 1980, launched their careers at the start of a massive shift in how Americans work.
Amazon's cloud unit may need to pass the profit growth baton to e-commerce
CNBC - 22 Aug 2024 00:28
Amazon's retail business has "big shoes to fill," according to one Wall Street research firm.
Target Still Has One Item Way Cheaper Than Walmart---Its Stock
Wall Street Journal - 21 Aug 2024 19:28
The retailer's return to comparable-sales growth and margin recovery are early but encouraging signs of a turnaround.
Passive mutual funds' AUM touches ₹10 lakh crore with 17% market share, equity claims 88% of net inflows
livemint.com - 21 Aug 2024 17:32
Motilal Oswal's Q1 report reveals that passive mutual funds' AUM jumped to ₹10.2 lakh crore, with 17 per cent of the total market share. Active funds' AUM stood at ₹50.9 lakh crore as of June 2024.
TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter
CNBC - 21 Aug 2024 16:26
TJX Companies has taken market share from competitors like Macy's and Target as price-sensitive consumers look for a deal amid persistent inflation.
Can a professor, lawyer or doctor give investment advice? Sebi has a plan
livemint.com - 21 Aug 2024 16:16
Sebi proposes part-time investment advisor and research analyst roles, allowing professionals like professors and doctors to offer investment advice. Current RIAs have mixed views on the feasibility and effectiveness of ...
RBI's quiz for college students offers a chance to win ₹10 lakh; check details here
livemint.com - 21 Aug 2024 15:47
RBI's quiz is a general knowledge-based quiz and will feature a multi-level competition, starting with an online phase, followed by state and zonal level rounds. It will then culminate in a national final.
Luxury Brands Have a Strict Hierarchy. Burberry Found Out the Hard Way.
Wall Street Journal - 21 Aug 2024 15:00
The British label's seven-year push to attract wealthier shoppers has failed and left it with a threadbare share price.
Schwab Wants to Fix Its Struggling Bank. Investors Are Skeptical.
Wall Street Journal - 21 Aug 2024 13:30
Roughly half of the brokerage's revenue comes from banking.
Texas Instruments Tries to Ease Its Capital Pain
Wall Street Journal - 21 Aug 2024 13:30
The chip maker says it might moderate capital spending in 2026 amid activist pressure, but new cash flow targets also hinge on revenue pulling out of an extended slump.
Confused investors are a sign of a developing economy
livemint.com - 21 Aug 2024 13:24
Indians will be able to accumulate and distribute their wealth effectively only if they get comprehensive financial planning advice from regulated advisors, and loopholes that other market participants use to dole out ad...
America's rich never sell their assets. How should they be taxed?
livemint.com - 21 Aug 2024 12:30
It is tempting to tax them during their lives. It is wiser to do so after their deaths
Public sector pay deals fuel £3bn surge in government borrowing
Telegraph - 21 Aug 2024 11:16
The rising cost of public sector pay deals caused UK borrowing to overshoot forecasts by £3bn in July, official data shows.
Home loans: This is what you need to shell out now to buy a house as banks raise their interest rates
livemint.com - 21 Aug 2024 08:28
HDFC Bank charges an interest in the range of 8.75 to 9.65 percent as special housing loan rates, and 9.40 to 9.95 percent as standard housing loan rates.
World Senior Citizens Day 2024: 5 top investment options for older adults
livemint.com - 21 Aug 2024 07:31
World Senior Citizens Day 2024: Senior citizens need to choose investment tools wisely to ensure regular returns with low risk. Here are the top five investment options for senior citizens
Intestate succession: Oral will not legally binding in India
livemint.com - 21 Aug 2024 05:00
Indian Succession Act, 1925, mandates that a will must be signed or marked by the testator himself or signed by some other person in the presence of the testator
How to Plan for Retirement if You're Behind on Saving in Middle Age
Wall Street Journal - 21 Aug 2024 05:00
Many financial advisers say people in their 40s and 50s still have time to increase their savings rate and develop a road map for their later years.