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Market News

Location American Market News for 10 September 2024

Investors in Hedge Funds Extract Lower Fees for Subpar Returns

Wall Street Journal - 10 Sep 2024 20:55
ExodusPoint is waiving fees if funds underperform cash after pressure from investors.
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Goldman Sachs Got Lax on Credit Cards. The Bill Is Coming Due.

Wall Street Journal - 10 Sep 2024 19:13
The bank lent loosely on some credit cards, contributing to a big loss as it tries to sell the General Motors card business.
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Fed Backpedals on Plan to Increase Big Bank Capital

Wall Street Journal - 10 Sep 2024 18:01
Banks spent over a year fighting earlier proposals that would have raised some banks' capital buffers by nearly 20%.
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How you can get a loan against mutual funds instead of breaking the investment when you need cash Instead of selling your mutual fund prematurely, you can take a loan against the investment, but watch out for margin calls
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It's the Airplane of the Future. It's Still Grounded.

Wall Street Journal - 10 Sep 2024 15:00
Engine problems are the latest chapter in the troubled history of the Airbus A220, a jet that has the potential to revolutionize regional and short-haul travel.
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Polaris Dawn launch: SpaceX rocket blasts off for spacewalk mission Elon Musk's SpaceX has launched a mission aiming to carry a billionaire astronaut further from Earth than any human has travelled in half a century.
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The Shadow Dollar That's Fueling the Financial Underworld

Wall Street Journal - 10 Sep 2024 13:30
Cryptocurrency Tether enables a parallel economy that operates beyond the reach of U.S. law enforcement.
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How a divorce led this influencer to go all in on mutual funds Here is the journey of Instagram influencer Sukhneet Wadhwa who transitioned from a savings-focused approach to mutual funds after her divorce
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Mutual Funds: Inflows into equity schemes rose 3%, debt schemes saw 62% dip in August, reveals AMFI data According to AMFI data for the monthly of September, open-ended equity mutual fund inflows rose by 3 per cent in August to ₹38,239.16 crore, reflecting a positive shift in investor confidence amid subdued equity market...
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Youth unemployment soars to three-year high

Telegraph - 10 Sep 2024 10:24
Youth unemployment soars to three-year high Youth unemployment has surged to its highest level in three years, official figures show, dealing a blow to Sir Keir Starmer's hopes of getting more people back into work.
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Mpox first case confirmed in India: How can standard health insurance provide financial immunity? India confirmed its first Mpox case on Monday, raising concerns amid other diseases. While basic health insurance usually covers Monkeypox, individuals should check policy specifics. Experts recommend comprehensive plans...
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In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business.
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