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Market News

Location American Market News for 29 October 2024

Oil Gains Amid Middle East Tensions

Wall Street Journal - 29 Oct 2024 02:45
Oil rose in early Asian trade, after falling recently as Israel steered clear of Iran's oil and nuclear facilities in attacks over the weekend.
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Gold Edges Higher; May Remain Rangebound Ahead of Key Econ

Wall Street Journal - 29 Oct 2024 02:42
Gold edged higher in early Asian trade. Prices could trade within a narrow range before the release of key U.S. economic data, XS.com said.
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While the numbers were disappointing, the company's turnaround continues to plan.
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AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.
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Visa to Lay Off Around 1,400 Employees and Contractors

Wall Street Journal - 29 Oct 2024 22:40
Roughly 1,000 of the cuts are expected to eliminate technology positions, while most of the rest will focus on merchant sales and global digital partnerships roles.
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Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.
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Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.
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Unlike many of its restaurant peers, Chipotle has seen traffic to its restaurants grow in recent quarters.
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Tariff War With China May Be Good News for Brazil's Crops

Wall Street Journal - 29 Oct 2024 20:56
A Trump election win may lead to new tariffs on China, potentially causing U.S. farmers to lose billions of dollars as trade gets redirected to competing nations such as Brazil.
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Market professionals say a small allocation can provide diversification and a hedge against uncertainty.
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Want to start a new FD this Diwali? These 4 banks offer up to 7.9% interest on fixed deposits; check list FD interest rates: Equity markets have declined significantly on foreign investors' selling spree, with Nifty50 down 8 per cent from its all-time high. Therefore, investing in a fixed-income instrument is not an unfeasib...
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U.S. Natural Gas Futures Lose More Ground

Wall Street Journal - 29 Oct 2024 15:30
U.S. natural gas futures added to yesterday's losses with forecasts for a mild start to the winter heating season and higher production.
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Some on Wall Street are upbeat about the move. Others are not.
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These 9 Gold ETFs delivered nearly 27% return since last Diwali; check details Gold ETFs: There are a total of 17 gold exchange traded funds with total assets under management (AUM) of ₹39,823 crore out of which ₹1,233 crore worth inflow was done in Sep alone.
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My father is comatose. Can I use the power of attorney granted by him now? There is no duration or validity/time period specified in the power of attorney. Would it be legal for me to undertake transactions on his behalf now to provide for his medical treatment?
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PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.
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It is a critical quarterly report for Pfizer, which is grappling with a proxy battle waged by the activist investor Starboard Value.
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Dhanteras 2024: Physical or digital gold - What should you choose this festive season? Dhanteras 2024: Investment in digital gold entails gold mutual funds and gold ETFs. Physical gold is seen as poor investment by some wealth advisors on account of high making charges and 3 percent GST.
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The multi-cap funds frenzy: How do these stack against flexi caps? Multi-cap funds require a 25% investment in large, mid, and small-cap stocks, attracting investors seeking diversification. These funds are gaining popularity amid favourable market valuations, appealing to those balanci...
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Deficit Threat Drives Bond Yields Higher

Wall Street Journal - 29 Oct 2024 11:30
Investors are betting that a challenging fiscal situation will only get worse after the election.
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Dhanteras: Why buying gold coins for investment is not a good idea While Gold has risen 14% over the last five years, gold coins bought during the period may yield as low as 5.57%
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Why this rural India-focused RIA wants to build an account aggregator platform Starting his journey as an investment advisor to farmers in rural Maharashtra, Sawant now wants to build a platform that gives users one-stop access to all financial data
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