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Market News

Location American Market News for 24 July 2023

Intermediaries also require a credibility score

livemint.com - 24 Jul 2023 19:00
Intermediaries also require a credibility score Time and again, we come across instances of intermediaries such as brokers, investment advisers, research analysts, fund houses, etc., or flouting all norms in pursuit of bigger commissions or even committing frauds, put...
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HDFC Infinia reclaims top spot as Axis devalues Magnus credit card Axis Magnus was a hugely sought-after credit card and offered one of the highest reward points in the world.
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Splitting a Second Home With Family or Friends? Get a Lawyer

Wall Street Journal - 24 Jul 2023 17:37
A written agreement specifying how bills are paid might reduce conflict among property co-owners.
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Why China Isn't Feeling the 'Barbenheimer' Vibe

Wall Street Journal - 24 Jul 2023 13:57
"Barbie" is a flop in the country and "Oppenheimer" has yet to be released. That could be a sign of things to come.
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FDIC Scolds Banks for Manipulating Deposit Data

Wall Street Journal - 24 Jul 2023 23:21
Lenders lowered their uninsured deposits by nearly $200 billion after bank failures.
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Rally in Energy, Entertainment Stocks Powers Market Higher

Wall Street Journal - 24 Jul 2023 22:30
Chevron added 2% after beating earnings expectations.
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Issue of tax notices has become predictable: Nirmala Sitharaman The minister said that the Modi administration has brought more certainty to tax payers
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New Legislation Could Raise Pilot Retirement Age Amid A Record-Breaking Summer For Airlines The air travel boom strains airlines with staff shortages. A proposed law may raise the pilot retirement age to 67 amid a looming pilot "retirement tsunami."
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Banks Are Going on a Diet

Wall Street Journal - 24 Jul 2023 19:08
Regional lenders are cutting back on some lending to preserve capital.
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How can I keep my expenses under control?

livemint.com - 24 Jul 2023 19:03
How can I keep my expenses under control? With the reduction of cash for expenses, and the use of electronic means, tracking expenses has become much easier.
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Fed says Credit Suisse engaged in 'unsafe and unsound counterparty credit risk management practices' related to dealings with the investment firm.
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Novartis AG To Spin-Off Sandoz Business In 4Q23 Deal Overview On July 18, 2023, Novartis AG (NYSE: NVS, $105.01, Market Capitalization $239.2 billion), a leading global medicine company, announced that its Board of ...
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'Barbenheimer' Blowup Is a Flash in the Pan

Wall Street Journal - 24 Jul 2023 16:58
"Barbie" and "Oppenheimer" did excellent business at the box office this weekend. But even that isn't the most repeatable formula these days.
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Why History Could Repeat Itself With A 1970s-Like Inflation Revival The 1970s marked a period of severe inflation, with rates in many countries reaching double digits.
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Johnson & Johnson Bankruptcy Talk: Q2 Earnings Soar, But Litigation Looms On Horizon The company has proposed a $8.9 billion settlement to end tens of thousands of cases and stop new ones from coming through
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What's Next For EOG Stock?

Forbes - 24 Jul 2023 14:00
What's Next For EOG Stock? After a slight decline year-to-date, at the current price of around $123 per share, we believe EOG Resources (NYSE: EOG), an energy company engaging in the exploration...
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Global Hunt for Crude Sends Offshore Oil Stocks Soaring

Wall Street Journal - 24 Jul 2023 14:00
Drillers and servicers of ocean wells have climbed ahead of the broader market.
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Can Expedia Stock Return To Pre-Inflation Shock Highs? Expedia's stock currently trades at $119 per share, 44% below its level of $214 seen on February 16, 2022 (pre-inflation shock high), and has the potential for sizable...
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IPO Market Awakens From Long Slumber

Wall Street Journal - 24 Jul 2023 13:00
The successful Oddity launch signals that the ingredients are in place for a resurgence in new issues.
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Vodafone Shares Rise After Solid Q1 Results, New CFO Announcement Telecoms company rises by mid-single-digit percentages, making it one one of the best FTSE 100 performers on Monday.
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Does Tesla's Move To License FSD Make The Stock More Attractive? Tesla published a better-than-expected set of Q2 2023 results on Wednesday. However, Tesla stock fell by almost 10% in Thursday's trading, as margins fell short of...
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Economists point to the 1990s as evidence that the users of technology reap its benefits, not the makers. Economic growth around the world suggests otherwise.
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