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Market News

Location American Market News for 22 October 2024

Goldman Sachs Faces CFPB Fine Over Credit-Card Business

Wall Street Journal - 22 Oct 2024 19:44
An enforcement action is expected as soon as this week pertaining to the bank's Apple credit-card program.
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Nikkei May Rise on Weaker Yen

Wall Street Journal - 22 Oct 2024 01:41
Japanese stocks may rise thanks to a weaker yen and expectations for domestic earnings growth.
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S&P 500 Edges Lower After Earnings Flurry

Wall Street Journal - 22 Oct 2024 22:22
U.S. stocks ended the day little changed as an earnings bonanza drove sizable moves.
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Danaher's stock drop presents a buying opportunity. We're also increasing our price target.
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Wall Street Pros Get Into Position to Profit From a Trump Win

Wall Street Journal - 22 Oct 2024 21:15
Some investors, sensing a potential shift in momentum, are getting behind trades that could pay out if Donald Trump beats Kamala Harris in the presidential election.
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The 2025 Tax Brackets Are Here. See Where You Land.

Wall Street Journal - 22 Oct 2024 16:25
The brackets that determine how much Americans pay in taxes each year are moving up by their smallest amount in a few years.
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ESG Roundup: Market Talk

Wall Street Journal - 22 Oct 2024 16:18
Gain insight on energy demand in Southeast Asia, Australia's net zero target and more in the latest Market Talks covering ESG Impact Investing.
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A Small Bank's Failure Leaves Big Depositors Feeling the Pain

Wall Street Journal - 22 Oct 2024 15:00
Washington sends a signal with ​the collapse of Oklahoma's First National Bank of Lindsay​, as uninsured depositors ​face potential losses​.
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The benefits of secondary residency for ultra wealthy individuals Ultra-high-net-worth individuals are turning to secondary residency for enhanced lifestyle and financial benefits. It can provide opportunities for better education, healthcare access, and global mobility
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World's Hottest Market Could Be Magnet for Foreign Issuers

Wall Street Journal - 22 Oct 2024 13:06
Hyundai's IPO was a dud by Indian standards, but the price it got could attract companies such as Walmart to list their subsidiaries.
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Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).
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LIC vs agents: 7% commission cut, protests, policy surrender and more Amid commission cuts and a clawback clause, LIC agents are protesting reduced earnings. Experts said while agents need to increase volumes, they advise enhancing agent training and improving policy persistency ratio
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How to move your mutual fund units from one demat to another or gift them Holding MF units in demat form is extremely disadvantageous. However, the only way to gift MF units to someone is through the demat mode.
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There is a debate over whether wealth or smarts determines who can invest in private markets.
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Europe's Gas Prices Boosted by Middle East Risks

Wall Street Journal - 22 Oct 2024 11:28
European natural-gas prices edged higher in late morning trade, boosted by heightened geopolitical tensions and a colder weather forecast for November despite comfortable storage levels across the bloc.
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Public sector pay rises fuel surge in borrowing ahead of Budget Public sector pay rises helped fuel a surge in Treasury borrowing as Rachel Reeves scrambles to fill a £40bn black hole in the public finances.
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Cashback Credit Cards: What are they and how do they work? Cashback credit cards provide customers with a percentage of their spending returned as rewards, often up to 5%. These rewards can be used to offset credit card bills, but certain transactions like EMI and fuel purchases...
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4 best balance transfer credit cards in India for 2024; check details here Credit cards can simplify financial management, offering rewards and benefits like improved credit scores and lounge access. However, if bill payments become challenging, balance transfers can provide temporary relief, a...
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Axis Bank Olympus credit card: From benefits to reward points; all you need to know The Axis Bank Olympus credit card offers extensive travel benefits, including lounge access, complimentary stays, and concierge services. Cardholders earn EDGE Miles on purchases, with a maximum annual redemption of 7,50...
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Real Estate: How do REITs and InvITs differ in terms of structure and benefits? Real Estate: REITs and InvITs are crucial investment tools in India, enabling investors to access real estate and infrastructure sectors. REITs, launched in 2014, focus on income-generating properties, while InvITs, intr...
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GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.
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Simple Economic Explanations Keep Breaking Down. Here's Why.

Wall Street Journal - 22 Oct 2024 05:00
These narratives can be useful when examining how markets behave, but don't expect them to explain the economy.
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