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Market News

Location American Market News for 28 October 2026

Tech Stocks Move Higher Ahead of Fed Rate Decision

Wall Street Journal - 28 Oct 2026 13:56
Tech Stocks Move Higher Ahead of Fed Rate Decision The Nasdaq has been making gains, with chip stocks leading the way after SK Hynix reported blowout earnings.
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Nelson Peltzs Trian Offers to Buy Wendys for $1.4 Billion

Wall Street Journal - 28 Oct 2026 13:11
Nelson Peltzs Trian Offers to Buy Wendys for $1.4 Billion The burger chains shares have been down roughly 70% over the past five years.
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Investing in US stocks from India? How much can you invest, can you directly apply for IPOs? Complete guide here Indian residents can invest in foreign stocks through the RBIs Liberalised Remittance Scheme. Here's how much one can invest per year and whether Indians can directly apply for foreign IPOs. 
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Mutual fund direct plans to become default on AMC apps from November 1; what investors need to know SEBI will make direct mutual fund plans the default option on asset management companies digital platforms from November 1. Investors choosing regular plans must be informed about their higher expense ratios, chairman Tu...
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How Weil Gotshal, One of Wall Streets Most Storied Law Firms, Ended Up in Chaos Leaders of the once-storied law firm confirmed plans to dissolve the partnership.
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Weil Gotshal Says It Is Shutting Its Doors

Wall Street Journal - 28 Oct 2026 21:52
Weil Gotshal Says It Is Shutting Its Doors The once-storied law firm suffered a series of high-profile defections and failed merger talks that left it with few options.
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WSJ Dollar Index Falls 0.12% to 97.18

Wall Street Journal - 28 Oct 2026 21:46
The WSJ Dollar Index fell 0.1%, snapping a three-trading-day winning streak.
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PM-Kisan 24th instalment on October 30: PM Modi to release ₹18,680 crore for farmers - check details Prime Minister Narendra Modi is scheduled to release the 24th PM-Kisan instalment in Gujarat on October 30, distributing more than ₹18,680 crore to over 9.34 crore farmer families. Check who's eligible and other de...
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Vance Engaged Iran to Revive Peace Talks

Wall Street Journal - 28 Oct 2026 21:28
Vance Engaged Iran to Revive Peace Talks Plus, Weil Gotshal leaders said they plan to dissolve the once-storied law firm, and the Fed held interest rates steady.
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The Fed Held Steady on Rates, Leaving Investors to Sit Tight, Too Stocks and long-term bond yields edged higher after Wall Street read Fed Chairman Kevin Warsh as hesitant to hike aggressively.
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How Weil Gotshal, One of Wall Streets Most Storied Law Firms, Ended Up in Chaos A law firm cant afford to keep bleeding partners.
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Deposited wedding gift money in your bank account? ITAT ruling explains when cash deposits can face income tax The Pune ITAT accepted ₹2.75 lakh of a bank employees ₹3 lakh cash deposits as wedding gifts and savings but sustained a ₹25,000 addition due to missing gift confirmations. The ruling highlights why taxpayers shoul...
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U.S. Natural Gas Futures Gain As November Contract Expires

Wall Street Journal - 28 Oct 2026 21:06
U.S. natural gas futures rose with the Nymex November contract gaining 4.4% on the day.
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Fed Leaves Rates Unchanged, Oil Tops $115

Wall Street Journal - 28 Oct 2026 20:24
Fed Leaves Rates Unchanged, Oil Tops $115 Plus, AI-themed stocks continue surge and Wendys draws a buyout offer
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EMI late payment charges: Can missing your loan EMI by just one day hurt your credit score? Know what the rules say Missing a loan EMI by one day can attract late-payment charges, but an immediate credit score drop is not inevitable. Know what RBI rules say about overdue EMIs, credit bureau reporting, penalties and how to protect your...
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Feds Rate Hold Sends Bond Yields in Different Directions

Wall Street Journal - 28 Oct 2026 20:00
Feds Rate Hold Sends Bond Yields in Different Directions U.S. Treasury yields went in different directions as markets reacted to the Federal Reserves widely expected decision to hold rates unchanged and to Chairman Kevin Warshs press conference.
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Oil Futures Rise on Fears of Middle East Escalation

Wall Street Journal - 28 Oct 2026 19:59
Oil futures recovered most of the previous two days losses as traders worried that the U.S. could renew military strikes against Iran following the midterm elections.
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The Firm That Pioneered Bankruptcy Law Is Winding Down Itself

Wall Street Journal - 28 Oct 2026 19:54
The Firm That Pioneered Bankruptcy Law Is Winding Down Itself Weil Gotshal & Manges lost its grip on the lucrative business of bankruptcy it helped create, squeezed by rising competition and industry changes.
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Dollar Little Changed After Feds Expected Hold

Wall Street Journal - 28 Oct 2026 18:43
The dollar was unmoved by the Feds decision to hold rates steady, which was widely expected.
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U.S. Stocks Narrowly Mixed Following Fed Decision

Wall Street Journal - 28 Oct 2026 18:31
Stocks remained mostly higher, but the Nasdaq fell into negative territory following the Federal Reserves decision to leave interest rates unchanged.
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Weil Gotshal Leaders Discussing Plan to Wind Down Law Firm

Wall Street Journal - 28 Oct 2026 18:03
Weil Gotshal Leaders Discussing Plan to Wind Down Law Firm The once-storied firm suffered a series of high-profile defections and failed merger talks that left it with few options.
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Selling property in India by an NRI to another NRI vs. an Indian resident: Tax implications and TDS The capital gains tax implications for residential property would remain the same whether you sell it to a resident Indian or to an NRI.
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