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Market News

Location American Market News for 23 December 2024

Oil Rises Amid Low Inventories

Wall Street Journal - 23 Dec 2024 05:24
Oil prices rose in early Asian trading amid low inventories.
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China's EV Boom Is Starting to Pinch Oil Producers

Wall Street Journal - 23 Dec 2024 14:00
Big, integrated oil companies could face a double whammy from the shift in China's car market.
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A Looming Threat to Bitcoin: The Risk of a Quantum Hack

Wall Street Journal - 23 Dec 2024 06:00
Crypto executives urge better encryption technology as a safeguard against a potential attack powered by quantum computing.
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EPFO extends deadline for UAN activation, linking bank account to Aadhaar for ELI scheme benefits to Jan 15 The earlier time limit was December 15. The provident fund body issued a circular dated December 20 to announce the extension of deadline.
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Personal loan: This EMI calculator will help you determine payments across tenures -- a look at different scenarios Personal loan: An EMI calculator comes in handy for borrowers who seek to raise a personal loan and want to explore different options.
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Why You May Want to Cheer for Money-Market Funds

Wall Street Journal - 23 Dec 2024 17:29
Money funds remain an attractive place for excess cash, and can help keep a lid on short-term borrowing costs.
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Treasury Yields Rise Ahead of Consumer Sentiment Data

Wall Street Journal - 23 Dec 2024 16:37
Treasury yields extended post-Fed gains following the passage of a stopgap spending bill to avert a U.S. government shutdown.
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A signature piece of the Biden administration's effort to reduce the $1.6 trillion student-loan burden is now in limbo, hitting public-service workers especially.
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Volatile Week Seen for U.S. Natural Gas

Wall Street Journal - 23 Dec 2024 15:50
The Nymex front month was up and NatGasWeather.com said U.S. natural gas futures were looking to extend last week's rally, with winter weather pushing up demand.
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Top 5 myths about personal loan eligibility you need to stop believing Personal loans provide quick financial assistance with flexible terms. High credit scores help but are not the only criterion for approval. Both salaried and self-employed individuals can qualify. Online applications spe...
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SBI Reward Points: How to easily check your points in just a few steps With SBI credit cards, users earn rewards on transactions, redeemable for deals. Points can be checked via statements, the Chatbot, or the mobile app. It's crucial to monitor spending to avoid debt while enjoying lifesty...
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Xerox to Buy Printer Maker Lexmark From Chinese Owners

Wall Street Journal - 23 Dec 2024 12:45
The deal would value closely held Lexmark at $1.5 billion, including debt.
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Euro Could Hit Parity Against Dollar But Not for Long

Wall Street Journal - 23 Dec 2024 12:40
The euro was down against the dollar and could weaken to parity in the first quarter of 2025, but would be unlikely to remain at this level for long, MUFG Bank said.
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Up to 51% return! 10 best ELSS funds you can consider this tax-saving season Best mutual funds: These 10 mutual funds in the ELSS category delivered high returns i.e., over 25 percent in the past one year
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A four-part podcast series that answers listeners' questions about achieving their financial goals for 2025.
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How to address India's falling household savings

livemint.com - 23 Dec 2024 11:38
How to address India's falling household savings India's household savings are plummeting, impacting the economy and individual financial security. Learn the causes and discover practical solutions to protect your future.
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What is FOIR and how does it impact your personal loan approval? The FOIR is essential for personal loans. It compares monthly debt to income. Lowering FOIR enhances loan approval chances, achievable through joint loans, good credit history, reducing multiple loans, and increasing inc...
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Credit score of 0 or -1: What does it mean and can you get a loan or credit card? A credit score of -1 indicates no credit history, and 0 indicates less than 6 months of credit history. Even with -1 or 0 credit scores, you can get a loan if other factors are strongly favourable or by bringing in a gua...
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ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31 ITR filing: There are a few income tax deadlines that are set to expire on Dec 31. These include filing of belated return, Vivad Se Vishwas, and declaring of foreign assets & income via revised return
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Donald Trump's Presidency: Is this an opportune time for Indian investors to get exposure to the US market? Investors are keen on Donald Trump's presidency in 2025, anticipating a surge in US markets. Indian investors can explore mutual funds, ETFs, and sector-specific funds to capitalize on potential growth, while also divers...
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Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions In developed countries such as the US, the UK, Germany and Canada, tax concessions, vouchers, and credits are used effectively to promote the adoption of renewable energy and promote sustainable development.
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Do proceeds from a foreign PF account attract tax in India? As per the Indian domestic tax provisions, your overseas PF account would be considered an unrecognized provident fund, and accordingly, the payments that you have received with respect to your employer's contribution an...
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