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Market News

Location American Market News for 17 April 2021

Citigroup Refocuses in Asia Amid Consumer Pullback

Wall Street Journal - 17 Apr 2021 12:05
The New York-based bank plans to scale up what it sees as a more lucrative endeavor: serving the rising number of wealthy entrepreneurs and their businesses in Asia.
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Point And Stare At These 5 Ludicrous Double-Digit Yields It's a no-yield world we dividend investors are living in. But believe it or not, there are some payers with serious yields that get zero mainstream attention.
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This Fund's Monster Return Is Fueling 7.9% Dividends Many people spot a closed-end fund (CEF) with a high dividend, a double-digit discount and a big recent price gain and automatically hit the buy button, thinking they've got a clear winner on their hands.
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Investment options for senior citizens that can fetch better returns than bank FD Senior Citizen Saving Scheme or SCSS is fully debt instrument and it is 100 per cent risk-free
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How long your EPF interest earned is income tax exempted - Explained An EPF account become inoperative if the monthly contribution is not deposited for the period of three years and in that period EPF withdrawal claim is also not received by the EPFO
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The New Denim Hype Looks Like a Stretch

Wall Street Journal - 17 Apr 2021 15:00
Share prices for Levi's and Lululemon are going in opposite directions on shifting fashion trends below the waist. The rebalancing seems excessive.
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Mutual Fund Investment: 5 ways to optimise your returns Investing in direct plan instead of regular plans help an investor garner around 1 to 1.5 per cent more return on one's mutual fund investments
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Clean-Energy Stock Mania Has Only Itself to Blame

Wall Street Journal - 17 Apr 2021 13:00
A massively popular clean-energy index is a prime candidate for distorting its corner of the market. But it doesn't.
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Bond Giant Pimco Attempts to Change Its Culture

Wall Street Journal - 17 Apr 2021 11:30
The long-held presumption that working in finance is less a job than an endurance test for a select few has made it difficult to root out some inequities.
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EPF, PPF interest rate should be equal -- suggests SBI research team PPF is a Government-backed, zero-default risk, long-term small savings scheme akin to quasi floating rate deposits
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Know how to choose between NEFT, RTGS, IMPS

livemint.com - 17 Apr 2021 09:49
Know how to choose between NEFT, RTGS, IMPS Typically, most banks allow NEFT and RTGS transfers of up to Rs2-10 lakh. Some banks may waive off an upper limit for RTGS entirely, while others may allow customers to set their specific third-party transfer limits
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Income tax rebate under Section 87A for income up to ₹5 lakh - Explained Presently the rebate of tax is available for those whose income does not exceed ₹5 lakh
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What are tax benefits for mediclaim policy bought by me for myself and parents? Please note that the premium of mediclaim should not be made in cash otherwise you will not be able to claim the tax benefits
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