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Market News

Location American Market News for 21 July 2023
Jio Financial Services shares: How to calculate capital gains after Reliance demerger Reliance Industries Ltd (RIL) has demerged Jio Financial Services (JSFL). The sale of shares will be treated as capital gains for tax purposes
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Dow Edges Higher, Its 10th Gain in a Row

Wall Street Journal - 21 Jul 2023 22:48
Healthcare and financial stocks this week pushed into positive territory for the year.
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Couple to Plead Guilty in $4.5 Billion Bitcoin-Laundering Case

Wall Street Journal - 21 Jul 2023 21:42
Ilya Lichtenstein and Heather Morgan were charged with conspiring to launder crypto stolen in the 2016 Bitfinex heist.
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Nasdaq 100 Rebalance And Options Expiration

Forbes - 21 Jul 2023 15:37
Nasdaq 100 Rebalance And Options Expiration Earnings from Tesla and Netflix, released Wednesday after the close, disappointed investors and sent stocks sharply lower.
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Wartime threats to commercial shipping are serious; at this point anything can happen in the Black Sea.
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Where Heat Waves Lead, Food Inflation Will Follow

Wall Street Journal - 21 Jul 2023 13:59
Record temperatures in the U.S. and Europe offer a preview of the harsh conditions farmers in food-producing regions will likely face as the climate changes.
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What To Expect From Meta Platforms In Q2?

Forbes - 21 Jul 2023 13:00
What To Expect From Meta Platforms In Q2? Meta Platforms (NASDAQ: META) is scheduled to report its Q2 2023 results on July 26, 2023. We expect the stock to beat the consensus estimates of earnings and revenues.
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Did The Netflix Pricing Plans Change Pay Off? Netflix Earnings Call Reveals All Netflix gained 5.9 million subscribers in Q2 after implementing its password-sharing crackdown
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What To Expect From Roku's Q2 Results?

Forbes - 21 Jul 2023 12:00
What To Expect From Roku's Q2 Results? Roku is likely to publish Q2 2023 results on July 27, reporting on another quarter that is likely to see the company's bread-and-butter platform business continue to f...
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America's Rise as Energy Export Powerhouse Hinges on One Town

Wall Street Journal - 21 Jul 2023 11:30
Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records.
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The Apple Tax Play That Keeps Uncle Sam at Bay

Wall Street Journal - 21 Jul 2023 11:30
Interest rates are up, and bond prices are down. That's revived a long-dormant tax-deferral opportunity for buyers of individual bonds.
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Shares of Citizens Financial, U.S. Bancorp and KeyCorp are up this week.
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SBI to ICICI to UTI: Top 10 Mutual Funds that have the highest holding in Infosys SBI Funds Management, ICICI Prudential Fund, UTI Asset Management, and HDFC Asset Management were among the fund managers holding large positions in Infosys
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Pension funds to invest in sovereign green bonds (SGrBs): How it will impact retail investors? Pension funds in India will be allowed to invest in sovereign green bonds (SGrBs), according to the Pension Fund Regulatory and Development Authority (PFRDA). SGrBs are government-issued bonds used to finance environment...
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Income tax news: How the profits on redemption of ULIP policies are taxed? The gain from the ULIP policy will be taxed under Section 112 as long-term capital gains after applying indexation on the single premium paid. It cannot be taxed under the head 'Income from other sources'
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Supermarkets Are Losing This Food Fight

Wall Street Journal - 21 Jul 2023 05:00
Costco, Walmart, Aldi and Amazon are all chipping away at the supermarket's once-dominant position in selling Americans their food.
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China's Lost Decade for Investors Has Already Happened

Wall Street Journal - 21 Jul 2023 05:00
Any hope that postpandemic reopening would lead to a return to rapid economic growth has floundered.
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Your Credit Card Has a Spending Limit. Should Your Marriage?

Wall Street Journal - 21 Jul 2023 03:00
A cap on purchases reduces conflict and preserves financial autonomy in a relationship.
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