Market News
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
CNBC - 16 Jan 2025 14:56
The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
Nikkei May Rise as Concerns About Borrowing Costs Ease
Wall Street Journal - 16 Jan 2025 01:47
Japanese stocks may rise as concerns about borrowing costs ease following softer-than-expected U.S. core inflation data.
American Express to Pay $230 Million in Fines for Aggressive Sales Practices
Wall Street Journal - 16 Jan 2025 22:11
The Wall Street Journal had reported on a series of deceptive and strong-arm tactics the card company used to increase small business sign-ups.
Four Things That Helped Banks Haul in Huge Profits in 2024
Wall Street Journal - 16 Jan 2025 19:46
How lenders managed to rake in more than investors expected in a year when interest rates started falling and Donald Trump was elected president.
Bonds That Once Haunted Banks Are Now Juicing Profits
Wall Street Journal - 16 Jan 2025 19:42
Banks are expecting a bump to their core banking income as older, lower-yielding bonds mature and can be reinvested at today's far higher yields.
Bank of America tops estimates on better-than-expected investment banking, interest income
CNBC - 16 Jan 2025 14:55
The company said fourth-quarter profit jumped 47% to $6.67 billion, or 82 cents per share, from a year earlier.
What Happens When Your House Burns Down and You Still Have a Mortgage?
Wall Street Journal - 16 Jan 2025 12:30
Borrowers are still on the hook but might be able to pause payments.
Wall Street Thinks U.S. Homes Are Overpriced
Wall Street Journal - 16 Jan 2025 12:30
Housing could be overvalued by anywhere from 10% to 25% based on how investors are acting.
Europe Needs to Boost LNG Imports to Meet Storage Targets, MUFG Says --- Market Talk
Wall Street Journal - 16 Jan 2025 12:20
Gas prices in Europe were weaker in early trade, and the continent will need to import around 30% more LNG on an annualized basis before the start of the next winter season in October 2025 to meet the EU's 90% storage ta...
5 key factors to keep in mind when paying for a car with a credit card
livemint.com - 16 Jan 2025 11:19
Using a credit card to purchase a car can earn rewards, but it's crucial to evaluate the pros and cons. Dealerships typically accept cards for booking amounts, but full payments are often limited due to transaction fees....
Best debit cards for traveling abroad: 4 top picks you need to know
livemint.com - 16 Jan 2025 11:16
Planning an international trip involves excitement and careful financial management. Key factors for selecting a travel debit card include low foreign currency markup fees, high withdrawal limits, and additional benefits...
Shares of Cartier owner Richemont jump 17% as sales rise in December quarter
CNBC - 16 Jan 2025 10:48
Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand
CNBC - 16 Jan 2025 10:41
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
New LTC rule: Govt employees can now travel on Tejas, Vande Bharat & Humsafar Trains | Know details here
livemint.com - 16 Jan 2025 09:47
New LTC rule: The Centre has permitted its employees to travel on Tejas, Vande Bharat, and Humsafar trains under Leave Travel Concession (LTC), expanding travel options beyond existing trains.
How business owners should ringfence their personal wealth to avoid market downturns and unforeseen setbacks
livemint.com - 16 Jan 2025 09:46
Lack of asset segregation can leave entrepreneurs financially vulnerable .Through disciplined financial practices, Indian business owners can fortify their wealth and ensure long-term stability
IDFC FIRST WOW! vs. ICICI Bank Instant Platinum: Which is a better FD-based secured credit card?
livemint.com - 16 Jan 2025 09:36
The FIRST WOW! Credit Card offers 4X reward points, interest-free ATM cash withdrawals up to 45 days, and a zero-forex conversion fee. The ICICI Bank Instant Platinum Credit Card offers two reward points for every Rs. 10...
How to get a 2 lakh loan using your Aadhaar card in 2025? A step-by-step guide
livemint.com - 16 Jan 2025 07:16
Personal loans using Aadhaar cards enable easy access to funds with simplified documentation and faster processing. They are available to salaried and self-employed individuals, though borrowers should consider interest ...
Need ₹5000? Here's how to get a loan using your PAN card
livemint.com - 16 Jan 2025 06:28
A personal loan of ₹5000 can be obtained using a PAN card, providing quick access to funds. These unsecured loans require minimal documentation and quick processing, though they may have higher interest rates. Ensure t...
ICICI credit card activation: A complete guide for first-time users
livemint.com - 16 Jan 2025 06:23
Credit cards offer exclusive deals and can provide financial support in emergencies if managed wisely. Activating an ICICI credit card involves setting up internet banking and enabling international usage. However, unpla...
How to close SBI credit card? A step-by-step guide
livemint.com - 16 Jan 2025 06:09
SBI Card offers credit cards with exclusive deals to help save on daily expenses. Before closing your card, ensure all dues are paid and redeem any unused rewards. Closing may affect your credit score temporarily, but ca...
How to transfer money from your credit card to a bank account? 5 simple ways
livemint.com - 16 Jan 2025 06:07
Credit cards offer smart shopping and convenient money transfers to bank accounts during emergencies. However, fees may apply, and excessive use can attract tax scrutiny. It's important to keep credit usage limited and m...
Your Money in the New Trump Administration: Four Things to Watch
Wall Street Journal - 16 Jan 2025 04:00
Taxes, crypto, student loans and mortgages might be in for big changes over the next four years.