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Market News

Location American Market News for 21 October 2024

Activist Urges Cheesecake Factory to Consider Breakup

Wall Street Journal - 21 Oct 2024 23:00
A Houston-based investor is asking the restaurant operator to spin out three brands.
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U.S. Gasoline Prices Tied to Geopolitics as Election Nears

Wall Street Journal - 21 Oct 2024 19:44
The U.S. Energy Information Administration in its latest Short Term Energy Outlook estimated that national gasoline prices will average $3.20 a gallon in 2025, down from $3.30 this year and $3.50 in 2023.
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U.S. Natural Gas Futures Move Warily Higher

Wall Street Journal - 21 Oct 2024 15:21
U.S. natural gas futures were 1.5% higher after posting their sharpest weekly drop since February last week on mild autumn weather and increased production.
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Coming in 2025: Even More Restraint on the Oilfield

Wall Street Journal - 21 Oct 2024 13:00
Oil-service providers say producers are becoming more cautious about spending.
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NRI taxation: Can benefit from reinvesting real estate capital gains? You can still claim an exemption from tax on capital gains under section 54 if you reinvest the capital gains into a new residential property, either by way of a purchase or construction.
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From BNPL to AI: Top 8 top trends in credit card technology you need to know Credit Cards: The integration of digital payments and advancements in credit card technology, including contactless transactions and AI-driven insights, are reshaping consumer experiences. Financial literacy initiatives ...
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How to get an instant personal loan online? A step-by-step guide Instant personal loans provide unsecured funds quickly through online applications, bypassing bank visits. While beneficial for emergencies or events, it's vital to assess repayment ability due to potentially high intere...
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Threat of Chinese Overcapacity Looms Over Memory Chips

Wall Street Journal - 21 Oct 2024 12:30
Vital technology component could be next industry to grapple with abundance from Asian country.
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Plain-vanilla Treasury bonds are now pricey, but there are corners of fixed-income market where investors may be able to get a bit more yield and even capital appreciation.
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Credit Card History: When were credit cards first introduced, and who created them? Credit cards: The rise of cards has revolutionized consumer culture, promoting economic growth and retail transformation. Understanding their history and challenges is essential for wise credit management and informed fi...
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Credit Card Know-How: 4 must-follow rules to avoid debt traps Credit Cards: While credit cards offer rewards and deferred payments, they can also lead to debt if not used responsibly. To avoid high-interest charges, aim to pay off balances monthly and understand the associated fees...
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Credit card scams: What are the most common types and how to avoid them? Credit cards: Stay informed to reduce the risk of credit card scams. Understand common tactics and implement security measures to protect your finances and enjoy credit card convenience confidently.
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Credit Card: What to do if your card is lost or stolen? 6 key steps to follow Credit Cards: To secure your finances after losing a credit card, contact your bank immediately to block the card. Change passwords for linked accounts, file a police report, and review statements for unauthorized transa...
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How to improve your personal loan application? Here are 7 key tips Personal loan: Securing a personal loan requires a strong application, good credit score, and thorough documentation. Assess your repayment ability and consider income thresholds before applying. Stability in employment ...
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How income tax provisions ease the burden for caregivers of disabled dependents The intention behind Section 80DD of the income tax law is to ease the financial burden on caregivers and to create a fund for dependents to address inflation and healthcare costs.
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Opponents to Rayner's workers' rights overhaul 'on wrong side of history' Workers' rights reform opponents are on the wrong side of history, unions have argued following a backlash from employers.
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Gold futures are now likely to rise to $3,000/oz in 4Q 2025 after having surged to record highs above $2,700/oz, said Vivek Dhar, analyst at CBA.
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Hong Kong shares traded lower in early trade after commercial banks lowered their benchmark lending rates by 25 basis points.
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The offshore yuan and most other Asian currencies strengthened against the U.S. dollar in early Asian trade after China's commercial lenders cut their benchmark lending rates.
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JGB Futures Edge Higher, Supported by Gains in U.S. Treasurys

Wall Street Journal - 21 Oct 2024 03:08
JGB futures edged higher in the morning Tokyo session, supported by price gains in U.S. Treasurys overnight
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Activist Starboard Value Takes Stake in Tylenol-Maker Kenvue

Wall Street Journal - 21 Oct 2024 02:35
Starboard wants Kenvue, which was spun out of Johnson & Johnson last year and has a market value of over $40 billion, to make changes to boost its share price.
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Oil Edges Higher on Prospects of Supply Disruptions

Wall Street Journal - 21 Oct 2024 02:28
Oil edged higher in the Asian session on prospects of supply disruptions amid geopolitical tensions in the Middle East.
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