Market News
Asian Currencies Consolidate as Traders Await U.S. CPI Data
Wall Street Journal - 15 Jan 2025 02:37
Asian currencies consolidated against the dollar in the morning session as traders await U.S. CPI data due out later today.
Freezing January Weather Lifts U.S. Natural Gas Prices
Wall Street Journal - 15 Jan 2025 16:45
U.S. natural gas futures were higher as frigid January weather increases heating demand and threatens to cause greater production freeze-offs.
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
CNBC - 15 Jan 2025 16:03
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
Wall Street's Pre-Eminent Short Seller Is Calling It Quits
Wall Street Journal - 15 Jan 2025 23:27
Hindenburg Research founder Nate Anderson, a foe of Carl Icahn and the Adani family, cites the stress of his job as he shuts down the firm.
Goldman backs up our bank stock shuffle with strong earnings, upbeat M&A outlook
CNBC - 15 Jan 2025 21:29
Shares popped roughly 6% to more than $600 apiece after a fourth-quarter revenue and earnings beat.
Wells Fargo shares surge post-earnings as Wall Street wisely focuses on the big picture
CNBC - 15 Jan 2025 21:00
While the reported numbers were solid, an upbeat outlook for 2025 stole the show.
A Good Year for Wall Street Isn't the Same as a Good Year for Banking
Wall Street Journal - 15 Jan 2025 19:57
Even as trading and dealmaking surge, lending growth is muted.
BlackRock delivers earnings beat that proves recent sellers of the stock wrong
CNBC - 15 Jan 2025 19:32
New deals will help BlackRock obtain "higher and more durable organic growth," CEO Larry Fink said on the post-earnings call with investors.
U.S. Crude Oil Stockpiles Extend Decline
Wall Street Journal - 15 Jan 2025 18:11
U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while product stocks saw further large weekly builds.
JPMorgan Chase and Goldman Sachs Post Surging Profits
Wall Street Journal - 15 Jan 2025 15:48
Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.
Apollo Promotes Two Potential Successors to CEO Marc Rowan
Wall Street Journal - 15 Jan 2025 15:31
Rowan also signed onto another five-year stint with the investment firm.
OPEC Sticks to Oil-Demand View
Wall Street Journal - 15 Jan 2025 15:07
The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.
Capital gains tax: Adding unclaimed loan interest to cost of acquisition
livemint.com - 15 Jan 2025 13:07
It may be safer to claim cost indexation from the respective year of payment of the home loan interest, and not from the year of acquisition of the house, while computing the capital gains tax liability
Can you get personal loan with bad credit score? Here's what you need to know
livemint.com - 15 Jan 2025 12:40
Obtaining an urgent loan in India is difficult for those with bad credit, as most lenders decline low-rated applicants. However, personal loans from alternative lenders can help, though they come with risks and higher in...
Flexi Personal Loan: How it works, features, benefits for borrowers and more
livemint.com - 15 Jan 2025 12:09
A flexi personal loan offers a pre-approved credit limit, allowing borrowers to withdraw as needed and pay interest only on the amount used. This flexible option is ideal for managing unexpected costs and may have higher...
ITR deadline today! How to file your belated and revised income tax returns, penalties. Here's all you need to know
livemint.com - 15 Jan 2025 12:01
The CBDT extended the deadline for filing belated/revised income tax returns for AY 2024-25 from December 31, 2024, to January 15, 2025, for resident individuals.
IEA Trims Oil-Demand Outlook, But Still Expects Stronger Growth This Year
Wall Street Journal - 15 Jan 2025 11:23
The International Energy Agency slightly lowered this year's global oil-demand outlook, but said it still expects growth to accelerate on lower prices and an improving economic outlook in developed countries.
5 financial products that could cost you big - Don't invest in them
livemint.com - 15 Jan 2025 11:13
The financial market offers diverse investment options, but not all are beneficial. Products like ULIPs, digital gold, P2P loans, whole life insurance, and NFOs may have high fees and risks, potentially harming investors...
Portfolio Rebalancing: What are the most effective strategies for managing risk?
livemint.com - 15 Jan 2025 11:08
Rebalancing a portfolio helps investors maintain their target asset allocation, manage risk, and enhance long-term returns. By adjusting holdings based on market movements, investors can stay aligned with their financial...
Crypto tax cuts in Budget 2025? Indian industry hopes for relief from FM Nirmala Sitharaman
livemint.com - 15 Jan 2025 10:55
As India approaches the 2025 Union Budget, the cryptocurrency sector seeks favorable tax reforms. Industry leaders advocate for reduced TDS, loss offsetting, and lower tax rates to stimulate growth and compliance, preven...
Income Tax Budget 2025: Will FM Sitharaman scrap old regime as new one gains popularity? Experts weigh in
livemint.com - 15 Jan 2025 10:20
Income Tax Budget 2025: No official plans exist to abolish the old tax regime, but discussions continue. While the new tax structure offers lower rates, many taxpayers prefer the old system's deductions.
Credit card for emergency fund: Is it a smart choice? Find out here
livemint.com - 15 Jan 2025 10:13
An emergency fund helps mitigate a financial emergency. It can be 3 to 6 months of monthly expenses. It is not prudent to rely on credit cards for emergency fund purposes. In the long run, you should build and maintain a...