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Market News

Location American Market News for 7 November 2024
Warner Bros. Discovery said its streaming platform Max added 7.2 million subscribers during the third quarter.
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Stocks Keep Climbing as Fed Cuts Rates

Wall Street Journal - 7 Nov 2024 23:49
Big tech stocks push higher, while the financial and industrial sectors pull back after Wednesday's big gains; Lyft jumps 22%.
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Airbnb reported third-quarter earnings Thursday that showed revenue up 10% year over year.
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The class of partners is the fourth under CEO David Solomon.
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AppLovin was already the best-performing tech stock of 2024, and that was before the stock popped on a big earnings beat.
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U.S. Natural Gas Inventories Rise by 69 Bcf

Wall Street Journal - 7 Nov 2024 18:00
Gas futures were down after the EIA weekly report showed that U.S. natural gas inventories increased more than analysts expected.
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China's Playbook for Trump Tariffs Won't Work This Time

Wall Street Journal - 7 Nov 2024 17:50
Even steeper levies would force some hard choices on Beijing.
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If the Fed Is Cutting Rates, WhyAren'tMortgage Rates Falling?

Wall Street Journal - 7 Nov 2024 16:00
Consumer borrowing costs haven't tracked the central bank since it cut rates by half a percentage point in September.
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Investment in these ELSS mutual funds grew by 2.5 times in past 5 years. Do you own any? Quant ELSS Tax Saver Fund delivered 32.02 percent annualised return in the past five years, Motilal Oswal ELSS Tax Saver Fund gave a CAGR return of 24.14 percent, while Bank of India ELSS Tax Saver Fund gave an annualise...
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Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.
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HDFC Bank raises MCLR lending rates for THESE tenures; check here When MCLR is raised, loan EMIs typically go higher. Since MCLR rates are more dynamic, any change in these rates lead to tweak in the lending rates, thus impacting the loan EMIs.
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Lower taxes would be a boon for an equity market that was starting to look priced for perfection, but tariffs could create longer-term damage.
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Credit Cards: How can a card help you manage a luxury lifestyle? Credit cards let you stagger your bills over period of time for a variety of purposes such as shopping, fine dining, and travel. Some high-end cards give rewards programs that are tailored to luxury lifestyles, including...
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China scrambles to export goods ahead of Trump tariffs Chinese companies scrambled to export goods last month amid the looming threat of tariffs from a Donald Trump presidency.
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Credit card chargeback: How can it help customers in disputed transactions Credit cards: If you have to dispute a credit card transaction against a merchant, you can raise a chargeback with your bank. If the chargeback request is valid, the transaction will be reversed.
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Adyen, whose technology allows firms to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros, up 21% year-over-year.
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Parametric insurance: The quick and transparent alternative to traditional cover In parametric insurance, payouts are triggered when specific events, such as storms and earthquakes, exceed a certain magnitude. This approach enhances transparency and provides immediate financial relief to the insured.
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The Singapore dollar strengthened slightly against its U.S. counterpart in the Asian session in a likely technical recovery.
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The president-elect stands to reverse many Biden-era consumer-finance initiatives.
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Wall Street Salivates Over a New Trump Boom

Wall Street Journal - 7 Nov 2024 04:00
Wednesday's epic postelection rally augurs big, lucrative opportunities, investors and analysts said.
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Oil Prices Rise Amid Middle East Tensions, Hurricane

Wall Street Journal - 7 Nov 2024 03:37
Oil prices rose in the Asia morning session amid ongoing Middle East tensions and a hurricane approaching the U.S. Gulf Coast, Citi analysts said.
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JGBs Fall, Tracking Declines in U.S. Treasurys

Wall Street Journal - 7 Nov 2024 03:21
JGBs fell in the early Tokyo session, tracking overnight declines in U.S. Treasurys.
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