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Market News

Location American Market News for 27 July 2023
SEC Adopts New Cybersecurity Disclosure Rules Board of directors should start preparing now to ensure that their companies are in compliance with the new rules.
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Barclays' Share Price Sinks As H1 Numbers Disappoint, Margin Forecasts Cut Barclays fell in Thursday trading as first-half results fall short of forecasts and the bank trimmed its 2023 net interest margin estimates.
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Intel management has told investors that the company's turnaround will take time, and that it is aiming to match TSMC's chip manufacturing prowess by 2026.
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There was pressure on Ford to raise its guidance after crosstown rival General Motors raised its yearly guidance Tuesday for the second time this year.
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Dow's Winning Streak Comes to an End

Wall Street Journal - 27 Jul 2023 23:14
The Dow Jones Industrial Average fell Thursday, ending a streak of 13 consecutive winning sessions that was the second longest on record.
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RTP Global, Omidyar, Alteria, others back Wiom's $17 mn Series A YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns also participated in the round.
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Together makes first close of $150 mn fund

livemint.com - 27 Jul 2023 21:37
Together makes first close of $150 mn fund The fund will be used for early stage investment in SaaS, AI startups
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Gucci-Owner Kering Buys Stake in Valentino

Wall Street Journal - 27 Jul 2023 20:18
The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed.
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What should be done if you fail to deduct tax on rent paid to an NRI? It is the payer's obligation to effect TDS on the taxable income of the non-resident and deposit the same with the income tax department. In case of non-compliance, the payer will be liable for penal consequences.
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How HNIs can invest abroad without the LRS limit or TCS Indian residents face difficulties in investing outside the country due to tax regulations. However, incorporating a Limited Liability Partnership (LLP) offers a way around these restrictions for high net worth individua...
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Shell's Shrinking Profit Still Fills Investors' Pockets

Wall Street Journal - 27 Jul 2023 18:08
Earnings at Europe's biggest oil company fell 56% in its latest quarter. Energy prices would need to halve to potentially stem the flow of payouts.
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How AbbVie's Humira Still Reigns, Despite New Competition

Wall Street Journal - 27 Jul 2023 17:45
Revenue for blockbuster arthritis drug declined in the second quarter, largely due to discounts for middlemen.
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Recession Odds Just Got Longer

Wall Street Journal - 27 Jul 2023 16:42
GDP grew in the second quarter and, despite Fed rate rises, it is poised to keep growing.
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ServiceNow Stock Drops After It Beats, Raises And Adds AI Services After reporting growth and profitability above expectations and raising guidance for the year on July 26, its stock lost 5% of its value.
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Will Exxon Mobil Stock Trade Higher Post Q2? Exxon Mobil (NYSE: XOM) is scheduled to announce its fiscal second-quarter results on Friday, July 28. We expect Exxon Mobil stock to likely trade higher...
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Volkswagen's EV Gambit in China Makes Sense

Wall Street Journal - 27 Jul 2023 13:47
Its partnership with startup Xpeng is a sign of things to come in the world's largest automobile market.
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Shares of McDonald's have risen 10% this year, giving it a market value of $213 billion.
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What To Expect From Chevron's Stock Post Q2? We expect Chevron stock to likely rise due to revenues and earnings coming in marginally higher than expectations.
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Comcast posted more losses from its streaming platform, Peacock.
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The Hottest Real-Estate Play Is in Your Neighborhood

Wall Street Journal - 27 Jul 2023 13:00
Unglamorous strip centers are signing leases faster than tenants can move in.
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FTSE 100: St James' Place And BT Slump Following Weak Trading Updates St James' Place and BT both saw their share prices fall after releasing unimpressive trading statements.
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Why The Space Theme Is Underperforming This Year Our theme of Space Stocks has underperformed this year, rising by just about 5% year-to-date, compared to the S&P 500 which remains up by almost 19% over the same period.
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