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Location American Market News for 2 August 2023
Income tax news: No ITR refund till you verify it. Here's how to e-verify your tax returns E-verification of income tax returns is mandatory for them to be treated as valid, according to the income tax department. Tax filers can complete the process using Aadhaar OTP, internet banking, bank account, demat acco...
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The results ease investor concerns after Humana and rival UnitedHealth Group warned of a surge in demand for nonurgent surgeries and outpatient services.
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Private Equity, Hedge Funds Brace for Coming SEC Overhaul

Wall Street Journal - 2 Aug 2023 14:35
Regulators could adopt new rules for firms such as Blackstone and Millennium as soon as this month.
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U.S. Downgrade Sparks Selloff in Stocks and Bonds

Wall Street Journal - 2 Aug 2023 22:40
U.S. stocks and bonds suffered a wave of selling, sending Treasury yields to the highest levels of the year and major indexes toward their worst session in months.
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Uber Just Reported Its First-Ever Operating Profit In Q2 Earnings Report, But Lyft Warning Sends Shares Sliding Uber recorded a first-ever operating profit in its history, with earnings per share beating expectations in Q2.
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Kellogg Company To Spin-Off WK Kellogg In 4Q23; Files Form 10 Deal Overview On July 24, 2023, Kellogg Company (NYSE: K, $66.19, Market Capitalization: $22.7 billion), a global leader in manufacturing and marketing of snacks and c...
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Insurers Are Facing More Than One Kind of Inflation

Wall Street Journal - 2 Aug 2023 19:09
Rising costs of repairs, litigation and more are hitting the bottom lines of insurance companies.
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Why an ESG-conscious investing ecosystem is very important for India For a conscious ecosystem, transparent and reliable disclosure is just the start; fine-tuning ESG rating practices is vital.
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How much should I invest in a SIP for my child's education? Since you have not mentioned your child's age so we assume that your child is five years old and will start college in about 13 years.
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CVS is cutting costs as it pushes deeper into health-care services after its acquisitions of Signify Health and Oak Street Health.
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Was July A Hot Month For Markets?

Forbes - 2 Aug 2023 18:01
Was July A Hot Month For Markets? Are things heating up for markets? Commonwealth CIO Brad McMillan said July's results look promising.
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America's Fiscal Time Bomb Ticks Even Louder

Wall Street Journal - 2 Aug 2023 17:40
Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often.
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AMD Keeps the AI Dream Alive Enough

Wall Street Journal - 2 Aug 2023 17:33
Wall Street stays positive on the chip maker ahead of a major AI chip launch late this year.
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What To Expect From Expedia's Stock Post Q2? We expect Expedia's stock to likely trade lower due to revenues and earnings missing estimates marginally.
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While AMD Lags NVIDIA In Generative AI, CEO Lisa Su Is Bullish AMD stock is down 2% in early trading August 2 after disappointing guidance and a to-be-executed Generative AI strategy
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Fitch Downgrades And Earnings In Focus

Forbes - 2 Aug 2023 15:04
Fitch Downgrades And Earnings In Focus That question was shouted following a battle of gladiators but they are equally applicable to this year's stock market.
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What To Watch For In EOG's Stock Past Q2?

Forbes - 2 Aug 2023 15:00
What To Watch For In EOG's Stock Past Q2? EOG Resources (NYSE: EOG), an energy company engaging in the exploration, development, production, and marketing of crude oil and natural gas, is scheduled to announce...
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The Memory Chip Nightmare is Nearly Over

Wall Street Journal - 2 Aug 2023 14:21
Prices at the low end are still falling, but Samsung and SK Hynix results contained strong hints of better times ahead.
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Will Tripadvisor Stock See Gains Post Q2?

Forbes - 2 Aug 2023 14:00
Will Tripadvisor Stock See Gains Post Q2? Tripadvisor (NASDAQ: TRIP), an online travel company providing booking for hotel...reservations, transportation, lodging, travel experiences, and restaurants, is schedul...
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Foreign fund houses and the India puzzle

livemint.com - 2 Aug 2023 13:42
Foreign fund houses and the India puzzle BlackRock's return reminds of the numerous foreign fund houses that exited India. It's also testament to fundamental shifts the industry has seen in recent years.
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Economists expect sanctions to cause Russia to stagnate in the years ahead but the West's failure to quickly bring the Russian economy to its knees mirrors a larger stalemate on the battlefield.
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Microsoft Stock Outperformed The Expectations In Q4 Microsoft's stock (NASDAQ: MSFT) has gained approximately 40% YTD as compared to the 19% rise in the S&P500 index over the same period.
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