Market News
Another Wrong Market Call For 2023?
Forbes - 7 Aug 2023 23:48
Another group of Wall Street experts also made a bad call at the start of the year. The Viper Report's Tom Aspray discusses last week's key market developments.
Lucid misses revenue expectations after EV deliveries disappoint
CNBC - 7 Aug 2023 22:57
Lucid's second-quarter revenue fell short of expectations, but a recent cash raise extended the EV maker's runway into 2025.
Berkshire Hathaway Stock Hits Record, Lifts Major Indexes
Wall Street Journal - 7 Aug 2023 22:25
Tesla weighs on Nasdaq but the index ends with a gain, while Dow industrials climb more than 400 points, or 1.2%.
Does an NRI have to pay inheritance tax?
livemint.com - 7 Aug 2023 19:20
Under Fema regulations, an NRI can inherit immovable property situated in India from an Indian resident without the permission of the Reserve Bank of India.
Know the costs of caring for your elderly parents at home
livemint.com - 7 Aug 2023 19:20
It is necessary to start a parents' contingency fund that covers their medical treatment and other expenses.
Death claims: How some banks still pose hurdles
livemint.com - 7 Aug 2023 19:19
The regulatory regime lacks adequate mechanism to prevent such occurrences, perhaps due to lack of accountability and levy of penalties.
A Government Shutdown Could Be Months Away--Here's How It Would Further Roil Markets After Fitch Downgrade
Forbes - 7 Aug 2023 18:01
A government shutdown in October would come at a particularly "inopportune moment" for markets, one economist says.
NY Times' Stock To Likely See Little Movement Post Q2
Forbes - 7 Aug 2023 17:30
We expect NYT stock to likely see little to no movement with both revenues and earnings matching consensus expectations for its second-quarter results.
Campbell Upgrades Its Sauce Game
Wall Street Journal - 7 Aug 2023 17:11
The food company's acquisition of Sovos, maker of the premium Rao's tomato sauce, isn't cheap. But it makes good strategic sense.
When Markets Get Scary, Mom and Pop Buy Gold
Wall Street Journal - 7 Aug 2023 16:00
Swings in stocks and bonds have boosted the metal's popularity with ordinary investors.
What To Expect From Restaurant Brands' Stock Past Q2 Results?
Forbes - 7 Aug 2023 15:00
The company is scheduled to report its fiscal second-quarter results on Tuesday, August 8.
A Simpler, Sleeker Japan Inc. Could Reward Investors
Wall Street Journal - 7 Aug 2023 14:28
Japan's sprawling corporate structures are getting simpler--and probably more valuable, too.
Lupin Pharmaceuticals Just Recalled Two Birth Control Pills - Did It Affect The Stock?
Forbes - 7 Aug 2023 14:19
Despite the news, Lupin's share price rose 4% on earnings results and has increased 47% in 2023
Rising Oil Prices Are Bad News for Drivers---and the Fed
Wall Street Journal - 7 Aug 2023 14:00
America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month.
Amazon Stock Surpassed The Street Expectations In Q2
Forbes - 7 Aug 2023 13:00
Amazon's stock (NASDAQ: AMZN) has gained approximately 53% YTD as compared to a 17% rise in the S&P500 index over the same period.
Kim Kardashian Taps Ex-Apple, Burberry Executive for Private-Equity Firm
Wall Street Journal - 7 Aug 2023 13:00
Angela Ahrendts will be joining SKKY Partners as senior operating adviser.
Stocks This Week: Hold Netflix And Sell Short Boston Scientific
Forbes - 7 Aug 2023 12:00
Over the near term, the indices are likely to move higher into the 14th. The autumn correction will not be hard on many stocks such as Netflix.
Suryoday Small Finance Bank revises its FD rates in 5 years slabs by 85 basis points. Check new rates here
livemint.com - 7 Aug 2023 11:45
Suryadaya Small Finance Bank revised interest rates revised fixed deposits from Monday. The interest rates have been revised in five years slabs by 85 basis points
Buckle Up for Another Round of Inflation Data
Wall Street Journal - 7 Aug 2023 11:30
Stock and bond markets have become far more sensitive to inflation data, reflecting the difficulty investors have had trying to navigate the Federal Reserve's interest-rate intentions.
Stocks for the Short Run
Wall Street Journal - 7 Aug 2023 11:30
Heard's columnists bet on a stock that fell 100% and still did pretty well. You can too.
Central government likely to increase dearness allowance to 45% for employees and pensioners
livemint.com - 7 Aug 2023 05:29
Indian government likely to increase dearness allowance for employees and pensioners by 3% to 45% from existing 42%.
Pollo Tropical Restaurant Chain to Be Sold
Wall Street Journal - 7 Aug 2023 01:00
Authentic Restaurant Brands is expected to buy Fiesta Restaurant Group for $225 million.