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Market News

Location American Market News for 9 October 2024

Amazon's Costly Space Race Is Grounding Profit Margin Hopes

Wall Street Journal - 9 Oct 2024 11:30
Satellite launch costs and a focus on household goods are likely to weigh on the company's impressive margin growth.
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Investors will be watching for clues on how rate cuts could affect banks' performance.
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Gold Edges Higher as Markets Weigh Fed Cut Expectations

Wall Street Journal - 9 Oct 2024 03:05
Gold edged higher in early Asian trade in a likely technical adjustment.
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The Detroit automaker's targeted adjusted earnings before interest and taxes this year is between $13 billion and $15 billion, or $9.50 and $10.50 per share.
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Australian Futures Gain After Rise in U.S. Markets

Wall Street Journal - 9 Oct 2024 00:27
Australian shares are poised to rise on Wednesday, with futures showing a nearly 0.2% gain.
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Freddie Mac to End Blacklist of Real-Estate Broker Meridian

Wall Street Journal - 9 Oct 2024 21:09
Meridian Capital Group will resume business with Freddie in January, more than a year after it was banned in response to allegations that some of its brokers falsified client financials to get bigger loans.
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Private-equity firm EQT pulled the bank from a mandate for an upcoming IPO of a student-loan company, according to people familiar with the matter.
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Credit cards: What are the advantages and how are they different from debit cards? With a credit card, cash does not leave your bank immediately. The money that is transferred to the merchant is not debited from your account but given as a 'credit'.
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Milton is expected to make landfall in the heart of Florida's citrus area, with four of the top five citrus-producing counties in the direct path of the worst winds of the storm.
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FD interest rates: These 6 banks offer highest returns on fixed deposits; check details The RBI's monetary policy committee kept the repo rate unchanged at 6.5 per cent for the tenth time in a row. However, the central bank is likely to cut the interest rate in December, which would have a ripple effect on ...
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In a question-and-answer session, Andrea Illy discusses effects of climate change on coffee prices and challenges the sector faces.
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Natural Gas Falls as Storm Looms

Wall Street Journal - 9 Oct 2024 15:33
U.S. natural gas futures fell, with the market watching Hurricane Milton as it approaches Florida with the threat of devastation and power outages.
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RBI policy: What is UPI Lite that enables PIN-less offline digital payments? UPI Lite was introduced as part of the framework issued by RBI for facilitating small value digital payments in offline mode on January 3, 2022 (updated on Aug 24, 2023).
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Business credit cards: How are they different from personal cards and what benefits do they offer? Credit card: Business credit cards enable users to keep personal and business expenses separate, making it easier for accounting, tax filings, and budget tracking.
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How this biker is riding on the road to financial freedom Venkatesh Swaminathan navigated the path to financial freedom with his early savings habit and pivotal mentorship. The avid biker speaks about the strategies that helped him build a diversified investment portfolio--comp...
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How to get low-interest rates on personal loans? Here are 9 key tips Personal loan interest rates are currently higher, especially for those with poor credit. To secure lower rates, borrowers should maintain good credit scores, compare lenders, and consider applying with a co-applicant. T...
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The current electricity boom has echoes of, but also important differences from an earlier boom-bust cycle.
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The Yearlong Wait to Transfer Bonds Out of TreasuryDirect

Wall Street Journal - 9 Oct 2024 11:30
Demand surged on the Treasury Department's clunky website for buying government debt, leading to a backlog of customer requests.
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Understanding long-term capital asset status for allotted land after 10 years The land allotment process began in 2014, culminating in possession in 2024. The owner seeks clarification on when the land qualifies as a long-term capital asset and if indexation benefits apply, given the lengthy payme...
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Why do people take out a personal loan? Here are 9 key reasons Personal loan: Offering flexibility, personal loans cater to diverse needs such as debt consolidation, emergencies, and major purchases. While they typically come with higher interest rates, careful evaluation and unders...
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Festival ready: 5 essential tips to safeguard from scams during Diwali and Dussehra shopping Here are essential ways to protect yourself from scams during Diwali and Dussehra festive shopping
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China stocks suffer worst fall since 1997

Telegraph - 9 Oct 2024 09:36
China stocks suffer worst fall since 1997 China stocks suffered their worst drops in 27 years after traders were left disappointed by Beijing's plans to stimulate the world's second largest economy.
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