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Market News

Location American Market News for 17 October 2017

Why It's Time to Get Back into Goldman

Wall Street Journal - 17 Oct 2017 16:57
Wall Street's big two investment banks, Morgan Stanley and Goldman Sachs, have shown that they can perform reasonably well even when the environment is tough. What happens if things get better?
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China Literature Spins a Pricey Yarn

Wall Street Journal - 17 Oct 2017 12:56
The Tencent-owned online-books company is headed for a Hong Kong IPO, but a valuation of up to $7 billion may prove a tall tale.
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Time For The Chinese Communist Party To Drop 'Communist' From Its Name The CCP is no longer a communist party in the conventional meaning of the term, and should consider changing its name into something else in the upcoming 19th Congress.
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Alliant Energy Named Top Dividend Stock With Insider Buying and 2.92% Yield So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Alliant Energy Corp (NYSE: LNT), which saw buying by Director Deborah B. Dunie.
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NerdWallet has become a unique sort of startup success story: It's both a credit card comparison platform and a media company that has produced more than 12,500 articles on personal finance. Last November, NerdWallet co-...
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Indian, foreign entities can act as trading members on IFSC exchanges: Sebi Earlier, trading members and clearing members keen on operating in an IFSC would form a company to provide financial services relating to the securities market
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Fund managers' allocation to emerging market equities dips in October: BofA-ML Global fund managers' allocation to emerging market equities fell to a net 41% overweight in October from 47% a month ago
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BT Group is Now Oversold

Forbes - 17 Oct 2017 18:01
BT Group is Now Oversold In trading on Tuesday, shares of BT Group plc (NYSE: BT) entered into oversold territory, hitting an RSI reading of 27.5, after changing hands as low as $18.05 per share.
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Dow cracks 23,000 mark for the first time

livemint.com - 17 Oct 2017 17:46
Dow cracks 23,000 mark for the first time The Dow Jones Industrial Average rose 39.3 points, or 0.17%, to 22,996.26
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Muthoot Pappachan Group plans IPO for MFI arm

livemint.com - 17 Oct 2017 17:23
Muthoot Pappachan Group plans IPO for MFI arm Kerala-based Muthoot Microfin, a subsidiary of the gold loan player Muthoot Fincorp, is planning an IPO in 2019
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Goldman says gold beats bitcoin as bank weighs fear and wealth Investors boost the amount of gold in their portfolio as uncertainty increases, making fear the key medium to short-run driver, Goldman said
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Diwali Muhurat trading from 6.30pm to 7.30pm on 19 October BSE and NSE will conduct the Muhurat trading session between 6.30pm and 7.30pm on Diwali day, while a pre-opening session will start at 6.15pm
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Ex-Dividend Reminder: Argan, Pentair and Seaspan Argan Inc will pay its annual dividend of $1.00 on 10/31/17, Pentair PLC will pay its quarterly dividend of $0.345 on 11/3/17, and Seaspan Corp will pay its quarterly dividend of $0.125 on 10/30/17.
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Gold prices fail to sparkle on Dhanteras, end lower by Rs245 in Mumbai Gold prices declined by Rs245 to close at Rs29,615 per 10 grams from Monday's closing level of Rs29,860 in Mumbai
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Should Credit Suisse Break Up? The Answer Isn't Obvious

Wall Street Journal - 17 Oct 2017 14:44
There are things about Credit Suisse that don't make sense, but RBR Capital Advisors's plan to split it in three seems unlikely to help.
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CSX, the third-largest U.S. railroad operator, posted a slight increase in quarterly net profit on Tuesday.
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Goldman Sachs posts third-quarter earnings that easily beat expectations on the top and bottom lines.
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Best health plans for you

livemint.com - 17 Oct 2017 13:49
Best health plans for you Here is the Mint SecureNow Mediclaim Ratings. It is designed for you to choose the best health insurance plans
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How much tax do you pay on your investments?

livemint.com - 17 Oct 2017 13:49
How much tax do you pay on your investments? Consider the tax implication of every asset class before investing in order as they might reduce your overall returns
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We tend to forget why we had started to invest

livemint.com - 17 Oct 2017 13:49
We tend to forget why we had started to invest This typically happens when you don't do asset allocation and buy funds in isolation of one another
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Renting may not be emotionally rewarding, but it is financially rewarding There are few factors that can help you in deciding whether moving to a rented premises is a better option versus buying a property
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Historical returns are not enough for selecting funds Instead of performance over the last year or three, look at how a mutual fund performed across market cycles and its objectives and fund manager
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