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Market News

Location American Market News for 23 August 2020
There Really Is A Covid Therapy That Works. It's Called Leronlimab. What if CoOVID-19 was just a bad cold? An underdog Covid-19 therapeutic, following statistically significant trial results, is set to change the course of the pandemic.
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The Median S&P Stock Has Never Been More Expensive

Wall Street Journal - 23 Aug 2020 19:00
The S&P's latest record has reignited a longstanding debate about how much attention investors should pay to valuations.
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Europe's Banks Rush to Restructure

Wall Street Journal - 23 Aug 2020 14:00
For several of Europe's ailing banks, coronavirus is fast-tracking plans for fundamental restructuring after years of poor performance.
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The Economy Is On A Sugar High, With 28 Million Unemployed The economy remains on a free-money induced sugar high. We have yet to see the worst of the Recession, and when we do, the Fed will have little choice but to print more money.
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Pandemic Punch: Global Growth Slows Ahead Of Jackson Hole Meet Barclays thinks Washington will have to pass stimulus in September as global growth starts to slow.
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Are Fund Managers Too Bullish?

Forbes - 23 Aug 2020 21:38
Are Fund Managers Too Bullish? Technical analyst Tom Aspray reviews the changes in the stock market since early July and why the recent data on fund managers may be important for the market.
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California launched a market in forest preservation with its cap-and-trade regulations. Now energy giants such as BP are expanding their investments in a bet that it is about to become more lucrative.
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What a personal loan costs you

livemint.com - 23 Aug 2020 19:00
As personal loans come with high interest rates, continuous default will put you on a downward spiral.Here are some of the lowest personal loan interest rates offered by various banks
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As per the Indian PF law, a PF account becomes inoperative and does not earn further interest if an employee retires from service after 55 years or migrates abroad permanently or dies and does not apply for withdrawal of...
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How covid has changed the way we live

livemint.com - 23 Aug 2020 18:49
Homebuyers are looking for spacious houses to carve out an office space to work from home and for that they don't mind moving to peripheral areas
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Stocks This Week: Buy Qualcomm And Sell Short Incyte The S&P is likely to rally for one more week before pulling back in September.
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Runaway Stock Market: Does Breadth Matter?

Forbes - 23 Aug 2020 17:26
Runaway Stock Market: Does Breadth Matter? Perhaps it is the presence of weakness and not just the absence of strength that weighs on the stock market.
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19 Ways To Hedge Covid In Your Portfolio

Forbes - 23 Aug 2020 15:00
19 Ways To Hedge Covid In Your Portfolio Whatever risks to your wealth you are trying to guard against, the solution is not to worry or be complacent. It's to hedge your portfolio in some form.
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ETF Boom Fuels Gold's Sharp Rise

Wall Street Journal - 23 Aug 2020 11:30
The surge in precious-metals prices this year comes alongside rising exchange-traded-fund purchases and increased volatility, factors that some investors say point to a bumpy ride ahead.
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A Sebi proposal envisaging listing of units in the six schemes enabling their investors to sell units and get some money upfront has seen little progress towards actual implementation.
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Here is how to update EPFO KYC details online

livemint.com - 23 Aug 2020 10:24
To extend the availability and reach of its online services, EPFO has been proactively updating its KYC data.The Know Your Customer (KYC) is the employee's data including PAN, Aadhaar and Bank Account details
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Any gold, jewellery and other valuable items, for which you are unable to provide the source to the satisfaction of the Assessing Officer will also be taxed as your income at the rate of 83%.
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State Bank of India (SBI) has introduced doorstep ATM service for its customers.Just send a WhatssApp message or make a call to SBI, and a mobile ATM will come to your location
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Axis Bank has sharply cut interest rates on fixed deposits (FDs) with effect from 21 August.State Bank of India (SBI), ICICI Bank and Canara Bank offer FD rates ranging from 7 days to 10 years
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Betsy DeVos Pauses Student Loan Payments, But These Borrowers Are Still Excluded From Student Loan Relief Will you get this student loan relief?
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In April, PFRDA had temporarily stopped auto-debiting savings account of the subscribers for APY contribution till June 30.
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