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Market News

Location American Market News for 10 October 2024
The expected settlement with regulators and prosecutors relates to charges that the Canadian bank's U.S. unit failed to properly monitor money laundering by drug cartels.
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Gold Snaps Losing Streak Amid Inflation Questions

Wall Street Journal - 10 Oct 2024 20:25
Gold prices advanced after a hotter-than-expected CPI report injected some uncertainty into the idea of shrinking inflation and a soft-landing -- re-energizing the appetite for safe-haven assets.
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SEC Sues Crypto Unit of High-Speed Trading Firm DRW

Wall Street Journal - 10 Oct 2024 19:50
The regulator is set to expand its clampdown on digital currencies by going after a major trading firm.
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Secured credit cards: How do they work, are they a good bet for those with a bad credit score? A secured credit card is offered against a security of fixed deposit. The limit of credit card is determined on the basis of this security amount. Someone who offers a security of, say, ₹3 lakh is issued a credit card ...
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UPI transactions: Check all the latest limits that are now imposed on digital payments UPI 123Pay transaction limit is raised from ₹5,000 to ₹10,000. At the same time, the limit of UPI Lite that enables PIN-less offline transaction is raised from ₹5,00 to ₹1,000. Users are permitted to opt for auto...
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U.S. Natural Gas Futures Lower Ahead of Storage Data

Wall Street Journal - 10 Oct 2024 15:22
U.S. natural gas futures were lower for a fifth straight session, with the market attentive to demand prospects after Hurricane Milton knocked out power for millions in Florida.
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Inflation has cooled, but the cost of living in retirement remains high.
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Last Year's Warm Winter Likely Means Cheap Heat This Year

Wall Street Journal - 10 Oct 2024 15:00
An abundance of natural gas has kept prices low heading into the heating season.
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Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.
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Google Pay in talks with asset management companies to offer mutual funds on the app The company is exploring whether to offer regular funds with a mutual fund distribution licence, like rival PhonePe does, or direct funds with an execution-only platform licence from Sebi.
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Want to retire early but don't know how? Here's a simple guide to calculating your FIRE number. The calculation involves several moving parts, as expenses rise each year, sometimes in line with inflation and sometimes faster. The corpus also earns returns, which must be accounted for.
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This IPO fund puts 80% of its corpus in recently listed companies. Should you invest in it? Edelweiss Recently Listed IPO Fund tends to perform well when markets are doing well and there are a lot of IPOs, but it struggles to generate alpha when markets are struggling.
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Despite the threat of multipolar competition and a rearmament in Europe, military budgets are far from their 1980s highs.
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The news comes as the Japanese retail group resists a takeover attempt by Canada's Alimentation Couche-Tard.
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Is taking a personal loan a good idea? Do's and don'ts to remember Personal loans offer quick access to funds for various needs but require careful evaluation. This article discusses their benefits, drawbacks, and essential do's and don'ts for responsible borrowing to ensure they serve ...
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Hurricane Milton to cause 'at least $60bn of damage' Hurricane Milton is expected to cause at least $60bn (£45.9bn) of damage after it made landfall in the US, triggering rare flash flooding warnings across Florida.
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Personal Loan vs. Credit Card: Which option suits you best? Personal loan: Credit cards are ideal for small purchases, offering rewards and cashback. Personal loans suit larger expenses with lower interest rates and fixed terms. Understanding both options helps individuals make i...
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The Allahbadia experience: Creators need more than views to protect careers Content creators in India remain dangerously exposed to cyberattacks, with no dedicated insurance products to protect them.
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Personal Loan: Can you avail a loan in 24 hours? Here's how Personal Loan: In order to raise personal loan the same day, it is imperative that you apply online with a bank, NBFC or a fintech platform, upload the documents that you have handy. If your profile is approved, you may ...
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Asian currencies consolidated against the U.S. dollar in the morning session but may be weighed by dimmer Fed rate-cut prospects.
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Oil Rises, Supported by Middle East Tensions

Wall Street Journal - 10 Oct 2024 02:45
Oil rose in early Asian trade. Prices remain supported by rising Middle East tensions.
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Gold Edges Higher; U.S. Inflation Data in Focus

Wall Street Journal - 10 Oct 2024 02:42
Gold edged higher in early Asian trade. Investors were awaiting the U.S. CPI report due later today.
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