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Market News

Location American Market News for 13 May 2018
Bitcoin Hype Aside Blockchain For The 'Public Good' Comes To The Rescue While most hype around blockchain technology has centered on applications in business and finance, with the cryptocurrency market and money-making dominating, its use for applications serving the public good - from e-vot...
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New direct tax code to benefit corporates, income tax payers The proposed direct tax code, the draft of which will be ready by July, will extend 25% corporate tax rate to all firms over time and provide relief to individual income tax payers
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Venezuela's Oil Meltdown Is Getting Worse

Wall Street Journal - 13 May 2018 16:00
Death spiral is an overused term, but it is justified when describing Venezuela's oil industry right now. Energy consumers and investors should pay attention.
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Flat US yield curve is big question for parade of Fed speakers Any hints that the looming inversion has them contemplating a slower pace of rate hikes could spur another bout of bull steepening
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Karnataka election results, inflation data, earnings to guide stock markets this week Experts are also of the view that besides domestic factors, global geo-political developments, especially in the Middle-East, will play a major role in deciding the course of markets
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Equity mutual funds log Rs12,400 crore inflow in April, push AUM to Rs8 trillion The strong inflow has pushed the asset base of equity mutual funds by more than 6% to Rs8 trillion at the end of April from Rs7.5 trillion in the preceding month
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Investors Shouldn't Be So Quick to Swipe Left on Tinder's Owner

Wall Street Journal - 13 May 2018 02:05
IAC and Match.com, the owners of Tinder and other dating services, were rattled by Facebook's plans to launch a dating service. But there's room for two in this market.
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Is Korea's Big Government Trying To Destroy Bitcoin, Ethereum, And Ripple? Sure, the Korean government wants to fight fraud in Bitcoin Ethereum, Ripple, and other cryptocurrencies -- is that all?
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