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Market News

Location American Market News for 2 January 2025

Hopes for a 'Santa Claus Rally' Fade on Wall Street

Wall Street Journal - 2 Jan 2025 06:00
Stocks typically rally over the holidays, but that hasn't happened this season.
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European natural gas prices were on the rise after a transit agreement between Russia and Ukraine came to an end, while a looming cold snap in Europe is also adding support.
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Oil Rises; Prices Could Recover This Year

Wall Street Journal - 2 Jan 2025 04:10
Oil prices rose in early Asian trade amid positive sentiment.
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UPI hits record with ₹16.73 billion in transactions in December 2024 UPI transactions reached 16.73 billion in December 2024, an 8% increase from November. The total transaction value was ₹23.25 lakh crore.
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U.S. Crude Oil Stockpiles Fall Less Than Expected

Wall Street Journal - 2 Jan 2025 18:58
U.S. crude oil inventories fell by 1.2 million barrels last week, which was less than expected, while stocks of gasoline and distillate fuels saw large builds.
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Tesla's fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.
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These top 7 banks offer the best interest rates on personal loans. Check list here Personal loans: Banks charge interest rates based on borrowers' credit scores. The higher the score, the lower the rate of interest. Conversely, the lower the credit score, the higher the interest.
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Mutual Funds: Why passive funds can be a great choice for retail investors to invest in 2025? With Sebi rolling out the mutual fund lite framework, index funds are likely to get a shot in the arm. With the entry barrier for launching index mutual funds kept lower for passive schemes under this framework, retail i...
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HSBC Visa Platinum Credit Card: 5 key features that elevate your lifestyle The HSBC Visa Platinum Credit Card caters to affluent individuals, offering incentives like lounge access and retail discounts. It features a robust rewards program and lifestyle benefits but carries financial risks such...
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Big Retail Gets Bigger as Smaller Players Struggle

Wall Street Journal - 2 Jan 2025 12:30
Walmart, Amazon and Costco are growing faster than the rest of retail and investing to stay ahead.
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Credit Cards: Why paying only the minimum credit due could hurt your financial health Paying only the minimum on your credit card may seem beneficial at first, but consistently doing so can lead to accumulating debt and rising interest charges, negatively impacting your credit score and financial stabilit...
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From a modest start to 10x SIP growth: A 32-year-old's financial journey Despite financial constraints, Jadhav managed to spare a few thousand to invest in the initial days. Nine years on, she increased her monthly investment ten times
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Treasury yields closed higher in 2024, Deutsche Bank Research said, with the 10-year yield rising for a fourth consecutive year, the first time it has happened since the 1980s.
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RBI Floating Rate Savings Bond interest rate announced for January to June 2025; check latest details and other features RBI Floating Rate Savings Bonds will offer an interest rate of 8.05% from January to June 2025, linked to the NSC rate. 
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IDFC First Private Credit Card: Key features, benefits, and fees explained IDFC First Private credit card is a premium, invite-only card for high net worth individuals, offering exclusive benefits. Eligibility depends on relationship with the bank and credit profile. High fees may be justified ...
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How to rectify errors in a credit report to boost your credit score? Credit score: Credit report discrepancies can be disputed with the CIC or directly with the bank, which has 30 days to investigate. If resolved, the CIC updates the report. Regularly checking your report helps identify e...
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How to block your SBI credit card? A step-by-step guide Credit cards are vital for savings and offers. To block your SBI card due to theft or personal reasons, follow the outlined steps. Post-blocking, you're free from transaction liabilities. For reissues, contact customer c...
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Short-Term Loan for 3 Months: Key features and risks explained Personal loans are gaining popularity for quick financial assistance, offering fast approval and disbursal without collateral. These short-term loans can improve credit scores if repaid on time but come with higher inter...
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New FD Rates: SBI vs Post Office fixed deposit interest rates compared. Where to invest? A fixed deposit offers consistent long-term returns and higher interest rates than savings accounts. SBI offers rates from 6.5% to 7% for terms of 1 to 5 years, while India Post offers 6.7% to 7.1% for similar terms, mak...
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Travel credit cards: 7 key things to know to make the most of rewards Travel credit cards: At the outset, cardholders should look for the cards which offer higher points & miles on travel-related purchases such as flights, hotels, and dining.
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Where can you apply for a personal loan? Check 5 key options Personal loans: Typically, one tends to seek a loan from a bank. If the bank turns down the application, one can then approach an NBFC, or a digital lending app.
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Credit Cards: What are the key tips to maximise cashbacks and rewards? To maximise rewards, you can use some credit cards such as Flipkart Axis Bank which offer cashback/rewards on purchases from their respective platforms.
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