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Market News

Location American Market News for 6 September 2024
Here are some of the major companies whose stocks moved on the week's news.
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Stocks Extend Ugly Week of Losses Amid Economic Uncertainty

Wall Street Journal - 7 Sep 2024 00:35
Tech-heavy Nasdaq drops 5.8%, its worst week in nearly three years; Nvidia shares decrease 14%.
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Thousands of people withdrew money after depositing bad checks, guided by videos on social media.
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Morgan Stanley Is Fined Over First Republic Insider Sales

Wall Street Journal - 6 Sep 2024 18:00
Massachusetts securities regulator found several breakdowns in the bank's approval and monitoring of possible insider trading.
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Why Now May Be the Time to Invest in Small-Cap Stocks

Wall Street Journal - 6 Sep 2024 18:00
Lower interest rates and a stabilizing economy could fuel a rally in smaller companies after years of lagging performance.
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FD interest rates: Earn up to 7.65% annually on fixed deposits; check details here A few banks, including Kotak Mahindra Bank and Bank of Baroda, offer senior citizens an interest rate of 7.6 per cent on their three-year fixed deposits.
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Plan to invest directly in bonds? Beware these risks or you could lose it all. Retail investors often assume that bonds are safer than equities. While this is generally true, bonds come with their own set of risks, including loss of principal.
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The graphics chipmaker lost nearly $280 billion in market value Tuesday, the most ever by a company in a single session.
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Pandemic Darling Moderna Needs a Reality Check

Wall Street Journal - 6 Sep 2024 15:00
Moderna is spending aggressively to broaden the uses of its mRNA technology. Investors are losing patience.
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Charlie Munger's 'perfect damn' retailer is as high quality as it gets, but history points to disappointment even for great companies.
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House prices rise at fastest pace in nearly two years House prices have risen at their fastest pace in nearly two years, industry figures show, in a sign that optimism about interest rate cuts is filtering through to the property market.
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Retirement Planning: With UPS in the fray soon, is it the time for govt employees to exit NPS? Wealth advisors suggest that having more than one option to choose from is a good thing from a retiree's point of view. They will soon be able to choose between the inflation-linked UPS and the market-linked NPS
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Sukanya Samriddhi Yojana: SSY interest rate hits 8.2% for July-Sep '24; here's how much you get by investing 10k monthly The Sukanya Samriddhi Yojana (SSY) continues to be a popular investment option for parents seeking to secure their daughters' financial futures.
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Two China-owned financial institutions have agreed to merge, creating an entity with $228.28 billion in assets, as Beijing pushes to strengthen its domestic financial market.
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The investment thesis for Broadcom is intact: AI revenues are strong, non-AI semi sales are bottoming and the VMWare integration is exceeding all expectations.
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