Market News
U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader
Wall Street Journal - 9 Oct 2023 14:20
The investigation is examining whether Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, traded Russian oil in breach of Western sanctions.
India's Booming Stock Market Is Leaving China in the Dust
Wall Street Journal - 9 Oct 2023 05:00
The South Asian nation's market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
SEC Sues Elon Musk To Enforce Testimony For Twitter Probe
Forbes - 9 Oct 2023 14:49
The news comes as a new investment vehicle from activist investor Bill Ackman could take X public again
Oil Prices, Defense Stocks Rise as Israel-Hamas Conflict Rattles Markets
Wall Street Journal - 9 Oct 2023 22:43
Havens such as gold and global bonds jump, while airline stocks slide.
HCA Healthcare: Rx For Success
Forbes - 9 Oct 2023 21:52
Today, the company's earnings continue to beat expectations and management is revising revenue and earnings upwards for 2023.
Why Porinju Veliyath is betting big on small and micro-caps
livemint.com - 9 Oct 2023 21:10
The founder of Equity Intelligence, who has zero investment in real estate, is also bullish on India's growth story.
Is redemption of inherited funds taxed?
livemint.com - 9 Oct 2023 17:40
Inheritance of foreign assets under a will is not taxable whereas the sale of such assets by the legal heir would attract capital gains tax in the hands of the legal heir.
Review penalty for non-disclosure of foreign assets
livemint.com - 9 Oct 2023 17:40
A recent tribunal decision upholding a penalty of ₹10 lakh for non-disclosure of foreign assets brings up concerns about the proportionality of the penalty. The government should consider whether the cost of litigation...
China's Golden Week Doesn't Glitter
Wall Street Journal - 9 Oct 2023 16:35
Chinese tourism noticeably rebounded during the nation's eight-day Golden Week holiday. But consumption--and more importantly housing sales--remained sluggish.
Lockheed Martin, Northrop Grumman Stocks Notch Best Days In Years Amid Israel-Hamas Conflict
Forbes - 9 Oct 2023 16:15
The defense giants tallied larger single-day gains than they did immediately after Russia's invasion of Ukraine last year.
War Could Bring Added Volatility To Markets
Forbes - 9 Oct 2023 15:43
In premarket activity, the S&P futures are down just over 0.5% and Nasdaq futures are off by 0.8%.
Why the Israel-Hamas War Matters for Investors
Wall Street Journal - 9 Oct 2023 15:28
While market moves were initially muted, what should be a concern is the potential for the war to escalate.
The Rare Indicator That's Still Optimistic About China's Property Market
Wall Street Journal - 9 Oct 2023 14:31
Iron ore's price has risen more than 20% since late May, outperforming metals such as copper and gold.
U.S. Prepares Crackdown on Russian Oil Sanctions Evasion
Wall Street Journal - 9 Oct 2023 14:00
Treasury Secretary Janet Yellen says the U.S. is likely to start enforcing the $60-a-barrel price cap on Russian oil.
Which Is A Better Pick - Keurig Dr Pepper Stock Or Monster Beverage?
Forbes - 9 Oct 2023 13:00
KDP is a better pick than MNST stock due to its superior revenue growth and financial position, as discussed below.
Apple's Easy Google Money May Get Harder to Keep
Wall Street Journal - 9 Oct 2023 12:30
The government trial targets search deal just as worries grow about iPhone 15 cycle, future in China.
What Could Finally Turn Around Citigroup?
Wall Street Journal - 9 Oct 2023 12:00
Trimming layers of managers will help, but the global bank faces headwinds ranging from interest rates to new capital rules.
What To Expect From Charles Schwab Stock?
Forbes - 9 Oct 2023 12:00
Charles Schwab stock (NYSE: SCHW) has lost 39% YTD as compared to the 11% rise in the S&P500 index over the same period.
Higher Rates Have Bank Stocks on the Mat
Wall Street Journal - 9 Oct 2023 11:30
The KBW Nasdaq Bank Index is trailing the broader market by 37 percentage points this year.
Oil Up 4%: Why Middle East Geopolitical Tensions May Hike Risk Premium Further
Forbes - 9 Oct 2023 08:48
While neither Israel nor Gaza are major crude producers, here are four geopolitical scenarios which may have a profound impact on global crude oil prices.
Borrowers reassess their budgets as student loan payments resume after pandemic
livemint.com - 9 Oct 2023 07:18
Borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments.
What a car loan costs you
livemint.com - 9 Oct 2023 06:44
Apart from the interest rate, also take a look at the applicable processing fee and other charges