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Market News

Location American Market News for 5 September 2024
Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI parts and custom chips in fiscal 2024.
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The bank has opened an internal investigation following allegations that bankers in Asia shared the information with investors before the bank sold hundreds of millions of dollars of stock.
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U.S. Crude Oil Stockpiles Fall More Than Expected

Wall Street Journal - 5 Sep 2024 20:32
U.S. crude oil inventories fell more than expected last week amid a decline in imports, while production and refinery capacity use held steady, according to EIA data.
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Buyout Shops Go From Boom to Bust to...Meh

Wall Street Journal - 5 Sep 2024 17:00
There is some easing of the drought for private-equity firms, but don't call it a bounceback yet.
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Credit cards: Interest-free period, perils of paying minimum due -- 6 key things to know before getting your first one Regardless of circumstances, one should not exceed the credit card limit even by a whisker. Here are the basics one should know before using a credit card.
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The Swedish automaker is trimming its earnings margin goal for 2026 due to "increased complexity especially in relation to global trade and tariffs."
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Can I ask insurers to get my medical check-up done?

livemint.com - 5 Sep 2024 16:01
Can I ask insurers to get my medical check-up done? Insurance companies have their underwriting processes. While some policies might include a mandatory medical check-up based on age, sum insured, or other factors, the insurer, not the customer, generally determines wheth...
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There's now a faster way to resolve tax disputes. But it has a huge red flag. The Central Board of Direct Taxes rolled out an electronic Dispute Resolution Scheme (e-DRS) last week for taxpayers with incomes below ₹50 lakh a year. But beware the one fatal flaw.
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SME IPO frenzy: The red flags that investors shouldn't ignore As SME IPOs continue to attract massive investments, caution is essential. Experts warn of potential pitfalls, with many stocks turning into penny stocks post-listing. Understanding market manipulation and the role of in...
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Apple Needs Time to Be on Its Side for AI iPhones

Wall Street Journal - 5 Sep 2024 14:00
Wall Street is seeing moderate iPhone sales gains over the next two years, as AI features will roll out slowly.
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Understanding smart beta funds and how they can boost index returns Smart beta strategies, applied to indices, aim for better returns by diversifying investments across sectors and capitalizations, potentially outperforming traditional indices
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Swaths of the U.S. that have never flooded before are now in danger of being swamped, but the risk isn't covered by standard home-insurance policies.
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Affirm to Profit Soon From Buy Now, Pay Later

Wall Street Journal - 5 Sep 2024 13:30
Lower interest rates and growing volume will be tailwinds.
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India's digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC report In terms of transaction value, the market is expected to nearly double during this period, expanding from INR 265 trillion to ₹593 trillion by FY 2028-29.
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A first-of-its-kind investment gives an ethanol producer in North Dakota $205 million for stashing emissions underground.
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Credit limit enhancement offer on credit card: Should you avail of it? Credit Cards: Credit limit enhancement offers from the bank help you lower the credit utilisation ratio, apply for premium cards, and during times of financial emergency.
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Advertisers flee X under Musk

Telegraph - 5 Sep 2024 10:04
Advertisers flee X under Musk Elon Musk's social network, X, is facing a new advertiser exodus as a record number of brands plan to cut spending.
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Can I claim an exemption by investing in residential flats under Sections 54F and 54 one after another during same year? Exemptions under Sections 54 and 54F can be claimed in the same year if conditions are met. However, purchasing a residential flat within one year of selling another can prevent claiming 54F for that asset
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Explained: How non-resident status is determined under FEMA regulations Non-residents are subject to both the Income Tax Act and FEMA. Unlike income tax, which assesses residency post-factum, FEMA determines it instantly based on intention, affecting individuals leaving India for work, busin...
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Teachers' Day 2024: Teach these 7 key money lessons to the young ones Teachers' Day 2024: One of the key objectives of investing is to achieve short-term and long-term financial goals which include, but are not limited to, buying a house, paying for children's education and saving for reti...
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Teachers' Day 2024: These 3 key lessons Warren Buffett learnt from his mentor Benjamin Graham Teachers' Day 2024: Warren Buffett has often lauded Benjamin Graham -- who was not only a good teacher, investor and mentor -- but a generous person also at the same time.
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PPF to Sukanya Samriddhi Yojana: New rules for small savings schemes from 1st October you should know New guidelines from the Ministry of Finance aim to regularise irregular accounts in National Small Savings Schemes, impacting NSS, PPF for minors, and Sukanya Samriddhi accounts
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