Market News
Wanted: Megabank Chief Willing to Work for Half Pay
Wall Street Journal - 1 May 2024 06:00
HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss.
Starbucks gets a price target cut after a brutal quarterly miss and light guidance
CNBC - 1 May 2024 03:38
Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
CNBC - 1 May 2024 23:02
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
Estee Lauder is punished for its light guidance. Here's why we are not joining the sellers
CNBC - 1 May 2024 22:47
The market reaction does not accurately reflect the positive underlying trends we're seeing at Estee Lauder.
S&P 500 Slips After Fed Keeps Rates Steady
Wall Street Journal - 1 May 2024 22:39
Treasury yields inched down but are still up sharply for the year.
Stocks pop after Fed decision, oil plunges, earnings mixed -- what to watch in the market
CNBC - 1 May 2024 21:03
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
DuPont's beat-and-raise quarter is a major turning point for the chemical maker
CNBC - 1 May 2024 20:41
Once the company works through the excess inventory in every business line, we expect the stock to command a higher multiple.
Here's why we're not sweating Amazon's light second-quarter guidance
CNBC - 1 May 2024 18:10
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
U.S. Crude Oil Inventories Post Big Build Amid Lower Refinery Runs
Wall Street Journal - 1 May 2024 17:26
Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.
Reclassifying Cannabis Still Leaves Pot Stocks in Limbo
Wall Street Journal - 1 May 2024 15:34
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco.
Goldman Promotes Partner to Senior Deal Role
Wall Street Journal - 1 May 2024 15:00
Dan Blank has been named co-chair of Goldman's Global M&A group.
The New Math of Driving Your Car Till the Wheels Fall Off
Wall Street Journal - 1 May 2024 15:00
Drivers are rethinking the right number of years to keep a car as the costs of ownership increase.
NYCB shares jump after new CEO gives two-year plan for "clear path to profitability"
CNBC - 1 May 2024 14:03
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
How to amass a ₹1 crore corpus for buying a home
livemint.com - 1 May 2024 13:50
Your plan to step up the SIPs every year to build a downpayment corpus is good as you would have been able to reach around ₹44-48 lakh with the present monthly investment of ₹40,000 per month for the next 6 years, if...
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
CNBC - 1 May 2024 13:21
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.
CVS posts big earnings miss, cuts profit outlook on higher medical costs
CNBC - 1 May 2024 12:57
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
Is there a place for both active and passive index funds in your MF portfolio?
livemint.com - 1 May 2024 12:38
It is still early days in India for passive funds, but without doubt, there is a growing interest.
How choosing an investment adviser helped this Mumbai family manage its finances
livemint.com - 1 May 2024 12:23
Balpreet Singh's family opted for structured financial planning under the guidance of a fee-only registered investment adviser
BlackRock's Plan for Your Retirement: A 401(k) With a Monthly Check
Wall Street Journal - 1 May 2024 11:30
The new target-date funds turn a portion of savings into payments for life.
Amazon Gets More Fuel for AI Race
Wall Street Journal - 1 May 2024 11:30
Capital spending under CEO Andy Jassy will go up "meaningfully," but record operating margins driven by retail, cloud and advertising will ease the pain.
How to claim refund for tax deducted on fixed deposit interest by the bank?
livemint.com - 1 May 2024 11:15
A senior citizen can submit form No. 15 H if the total tax on her income is nil
Luxury carmaker Aston Martin slumps 12% as losses nearly double
CNBC - 1 May 2024 10:02
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.