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Market News

Location American Market News for 29 October 2026
Income tax: Can your business income be clubbed with your husbands? ITAT ruling offers relief to woman ITAT ruled in favour of a woman whose timber business was treated as her husbands family firm by the Income Tax Department. The tribunal found insufficient evidence linking the two businesses, highlighting the importance...
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India's HNI term insurance bookings double since 2023; younger buyers drive growth, shows new report Term insurance bookings among high-net-worth individuals have doubled since April 2023, while average coverage has risen 30%, Policybazaar data shows. Details here.
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The Five Whirlwind Days That Brought Down Weil Gotshal

Wall Street Journal - 29 Oct 2026 23:05
The Five Whirlwind Days That Brought Down Weil Gotshal The legendary Wall Street law firm was built on advising companies in duress. Then it was forced to turn its expertise on itself.
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Financial planning beyond mutual funds: 6 checks every investor should review annually to secure long-term goals Financial planning goes beyond mutual funds. A 1 Finance report identifies six areas investors should review annually: estate planning, loans, investments, income and expenses, insurance, and tax. These checks can help p...
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Binance Founder Says Exchange May Be Victim of Biggest-Ever Crypto Heist Changpeng Zhao said Binance users funds were safe. But hackers appeared to have made off with at least $1.7 billion-and possibly more, analysts said.
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DA hike news: 10-year growth - How central govt dearness allowance rate rose from 2% in 2016 to 63% in 2026 | Explained Central government dearness allowance rose to 63% of basic pay in 2026 after a three-percentage-point increase. Here's a look at the allowance's growth over the past 10 years.
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WSJ Dollar Index Falls 0.09% to 97.09

Wall Street Journal - 29 Oct 2026 21:29
The WSJ Dollar Index fell 0.1%, down for two consecutive trading days.
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EPFO plans to invest 3% of fresh inflows in startups and AIFs, five years after approval: What you need to know EPFO is drawing up guidelines to invest up to 3% of fresh annual inflows in startups and alternative investment funds (AIFs), five years after government approval. The proposal is expected to go before its board in Novem...
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U.S. Stocks Fall as Alphabet Slide Weighs on AI Optimism

Wall Street Journal - 29 Oct 2026 20:43
U.S. Stocks Fall as Alphabet Slide Weighs on AI Optimism Stocks declined as a revenue shortfall from the Google parent caused one of the largest one-session market capitalization drops for a single company on record, feeding doubts about the payoff from artificial-intelligence...
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Alphabet Stumbles, U.S. Economy Surges

Wall Street Journal - 29 Oct 2026 20:32
Alphabet Stumbles, U.S. Economy Surges Plus, DoorDash to buy Instacart and ServiceNow shares tank
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U.S. Natural Gas Futures Fall on Mild Weather Outlook

Wall Street Journal - 29 Oct 2026 20:26
U.S. natural gas futures settled lower with the December contract retreating from the $3 level in its debut at the front of the curve.
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Alphabet Sheds Half a Trillion in Market Value in Stocks Worst Day Ever Discontent with the Google parents quarterly results highlights tensions of its transition from search engine to AI hyperscaler.
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Treasury Yields Fall Following Major Central Banks Hold

Wall Street Journal - 29 Oct 2026 19:49
Treasury yields fell after both the Fed and the ECB kept interest rates unchanged, while U.S. indicators showed growth and inflation still hot.
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Flat possession delayed for nearly 10 years? Consumer court orders builder to refund ₹45 lakh with 9% interest A Mumbai consumer commission has ordered a developer to refund ₹45.45 lakh to a homebuyer who waited nearly a decade for a Panvel flat, with 9% annual interest taking the payout to ₹86.37 lakh. However, it rejected h...
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Alphabet Stock Sinks, Dragging Nasdaq Lower

Wall Street Journal - 29 Oct 2026 18:35
Alphabet Stock Sinks, Dragging Nasdaq Lower U.S. stocks declined, led by the Nasdaq Composite, after Alphabets earnings disappointed investors and sparked another bout of AI worries.
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Gold, Silver Futures Settle Lower

Wall Street Journal - 29 Oct 2026 18:25
Precious metals futures settled lower following a stronger-than-expected U.S. GDP reading, which supports expectations of higher U.S. interest rates ahead.
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PM Kisan 24th instalment money payment tomorrow: How to check whether you received ₹2000 or not? Steps to check online Prime Minister Narendra Modi will release the 24th PM-Kisan instalment on October 30 at an event in Gujarat. Here's how to check the payment status. 
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Selling a house to clear your home loan? What an ITAT ruling on a ₹26 lakh cash advance means for property sellers ITAT Chennai has deleted a ₹26 lakh penalty on a salaried taxpayer who accepted a ₹26 lakh cash advance while selling his house to repay an outstanding home loan. The tribunal cited reasonable cause, considering the ...
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Polymarket Is Investigating Suspicious Trades on Israel Election The trades under investigation came in shortly before polls closed, betting that Israeli Prime Minister Benjamin Netanyahu would do better than his opponent.
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AI for personal finance: Can you trust artificial intelligence to manage your investments? What investors must know AI can help investors identify costly funds, idle cash and gaps in financial planning, but it may not replace human judgement. A 1 Finance report says effective financial advice extends beyond investment returns to goal ...
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Opinion | Anthropics IPO Will Be a National-Security Win for Taiwan Reliance on the island for AI chip production puts it among Americas top foreign policy interests.
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Billionaires Dont Like the Wealth Tax. Heres What Some Propose Instead. Some prefer to focus instead on rooting out wasteful government spending or on improving the lot of the less well-off.
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