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Market News

Location American Market News for 14 January 2025
Millions of customer names and emails were exposed by a 2021 hack.
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Gold Edges Higher on Possible Technical Recovery

Wall Street Journal - 14 Jan 2025 02:16
Gold edged higher in the early Asian session in a possible technical recovery after the front-month gold contract closed down 1.3% on Monday.
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The chip maker said it will remain an investor in Intel Capital, founded in 1991 with over $5 billion in assets under management.
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Wells Fargo, Goldman Sachs and BlackRock will all post Q4 results before the bell.
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BlackRock Executive Seen as Leading CEO Contenderto LeaveFirm

Wall Street Journal - 14 Jan 2025 22:16
Mark Wiedman was most recently head of BlackRock's global client business
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Three former Wells Fargo executives have been fined a total of $18.5 million for their alleged roles in opening fraudulent bank accounts, the Office of the Comptroller of the Currency said Tuesday.
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Further near-term declines in Cushing stocks would likely put more upward pressure on crude spread -- the difference between the front month contract and subsequent months.
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Jamie Dimon's Right-Hand Man Announces Retirement at JPMorgan

Wall Street Journal - 14 Jan 2025 19:01
Piepszak, who's taking over as COO, has signaled that she doesn't want to take the top job at the bank, people close to her said
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Capital One Sued by CFPB Over Its Savings Accounts

Wall Street Journal - 14 Jan 2025 16:46
The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it advertises on its main savings account.
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U.K. Borrowing Costs Ease Amid Signs of Stabilization

Wall Street Journal - 14 Jan 2025 14:32
Borrowing costs eased and the pound edged higher, marking some signs of stabilization, with Treasury Chief Rachel Reeves set to face questions later around the recent turmoil in bond markets.
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What home-loan borrowers hope to see in the Budget 2025 Persistent challenges such as high interest rates, affordability gaps, and liquidity constraints continue to affect homebuyers.
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What is the appropriate age to draft a will?

livemint.com - 14 Jan 2025 13:38
What is the appropriate age to draft a will? Failing to have a Will could result in assets being inherited by persons you may not have intended or may be fragmented amongst multiple people
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The deal follows strong investor interest in businesses connected to the AI boom.
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U.S. Sanctions on Russian LNG Could Pose Risks to Europe

Wall Street Journal - 14 Jan 2025 12:27
U.S. sanctions against the operators of two Russian liquefied-natural-gas terminals will have a limited impact on global prices but pose supply risks for European markets, Kpler said.
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FAQs on HUF: Tax benefits, formation, and key rules explained Confused about Hindu Undivided Family (HUF) units? This guide answers the most common questions about their tax advantages, formation, income types, and legal intricacies. Get expert insights on how to effectively manage...
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Income Tax Deadline! With last two days to go, you can you claim 87A rebate with new ITR forms; check details Bombay High Court had given an interim relief by ordering the tax department to extend the revised and belated ITR filing deadline to January 15, 2025 to enable taxpayers to claim 87A tax rebate.
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Your Questions Answered: I want to diversify my portfolio. Please elaborate on quant mutual funds Quant funds are ideal for long-term investors, those seeking stability, and risk-averse individuals. Utilizing data-driven models, they offer diversification, consistency, and efficient risk management, but can be comple...
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Federal Bank revises interest rates on fixed deposits, offers upto 8 percent. Check the latest rates FD interest rates: On one-year deposits, the Federal bank offers 7 percent and 7.5 percent to general and senior citizens. On two-year deposits, the bank offers 7.15 percent and 7.65 percent to general and senior citizen...
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Top 10 credit cards of 2025: Best picks for rewards, cashback and more Credit cards have become a necessity for managing expenses, offering convenience and flexibility. While they can help save money, users should be mindful of their spending to avoid debt. Explore the best credit cards for...
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Demystifying wills and trusts: A guide to secure wealth transfer A will may be suitable for simple estates with straightforward asset distribution needs while a private family trust is ideal for managing substantial wealth. However, they complement each other and are usually used toge...
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Personal Loan: Can you qualify for a 5 lakh loan with a ₹20,000 salary - key tips and challenges Personal loans generally have higher interest rates and lower principal amounts, making it challenging to repay, especially for those earning Rs. 20,000. Various lenders offer loans up to Rs. 5 lakh, but evaluating finan...
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EMI Credit Cards: How do they simplify your shopping experience? EMI cards enable consumers to make big purchases by converting them into EMIs. They offer benefits such as cashback and zero down payment. However, users must be cautious of hidden fees and interest rates that can increa...
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