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Market News

Location American Market News for 9 May 2021

Payments made to NRIs are subject to TDS

livemint.com - 9 May 2021 21:33
Payments made to NRIs are subject to TDS As per the provisions of Section 80EEA of the Income Tax Act, 1961, an individual is eligible to claim deduction towards interest payable on a housing loan up to ₹1.5 lakh per year if the loan is sanctioned between 1 A...
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'The core of NJ AMC's offering will be rule-based products' There is a growing opportunity in rule-based investing that has attracted a lot of attention and AUM in developed markets, which is more or less missing in India, says Rajiv Shastri, CEO, NJ Asset Management
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U.S.-Stock Funds Ride the Earnings Wave

Wall Street Journal - 9 May 2021 18:30
Monthly Monitor: As markets rallied, stock funds rose an average 4.7% in April, to push their year-to-date gain to 13.5%.
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IDFC First Bank revises fixed deposit (FD) interest rates. Latest FD rates here From 1 May, IDFC First Bank also lowered its interest rates on the savings account
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The Biggest Mistakes People Make With Social Security

Wall Street Journal - 9 May 2021 14:00
One of the most common and costly Social Security mistakes: worrying about dying too soon.
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5 Contrarian Dividend Stocks To Buy Now

Forbes - 9 May 2021 02:34
5 Contrarian Dividend Stocks To Buy Now Everyone wants to be a contrarian investor. But in practice, most people buy more near tops and sell shares low.
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Were The Market Reversals On The Jobs Data Significant ? The much weaker than expected jobs report for April caused some interesting reversals in my key markets including interest rates. So what does this mean for the markets in the week ahead?
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In your Will, add a guardian for minor children

livemint.com - 9 May 2021 21:45
In your Will, add a guardian for minor children Parents can also consider creating a trust structure for the benefit of the minor child
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Pick sub-limits wisely as they can alter your health policy coverage Opting for sub-limits lowers the insurance premium but policyholders may end up paying a higher price later on
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A Summer Stock-Market Strategy: Invest Defensively

Wall Street Journal - 9 May 2021 19:00
You can forget "Sell in May and Go Away," but still find a way to exploit the seasonal patterns in the stock market.
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SEC Chairman Sets Sights on Citadel Securities, Virtu

Wall Street Journal - 9 May 2021 18:00
The regulator is questioning payment for order flow, in which trading firms pay brokers such as Robinhood for the opportunity to execute investors' orders.
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Stocks This Week: Buy Honeywell And Flowserve This may be the last bullish week of the month.
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Demand for Municipal Bonds Lowers Borrowers' Costs

Wall Street Journal - 9 May 2021 17:03
Investors seeking higher returns and lower taxes are scooping up debt of state and local governments, pushing borrowing costs to near-record lows.
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The Future for Private-Equity Stocks Doesn't Rest on Taxes

Wall Street Journal - 9 May 2021 15:12
Tax policies have often been a major driver for the private-equity industry. But the state of affairs today isn't the same.
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The Mortgage Boom Is Fading

Wall Street Journal - 9 May 2021 11:33
A decline in demand is fueling price wars across the mortgage industry, pushing down profits.
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The Employment Numbers Left Forecasters Stunned, But The Surveys Don't Lie The employment number was a shock to the "boom" economy narrative; it was the biggest consensus miss in history! Our thought process has always been that the best we can hope for is a return to the 1%-2% pre-pandemic GDP...
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PPF calculator: Your ₹9000 monthly savings can create ₹1.11 crore corpus According to tax and investment experts, current PPF interest rate of 7.1 per cent is still considered enough to beat the rise in inflation during the investment period
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SBI savings account: Here is how to transfer your account without visiting bank Transferring your SBI account to another branch just got easy. Now, you don't have to visit the bank for getting your branch transferred
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