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Market News

Location American Market News for 13 June 2021
Musk Denies Bitcoin 'Pump And Dump'--And Says Tesla Will Resume Transactions Once This Mining Goal Is Reached Bitcoin prices jumped nearly 5% after the eccentric Tesla billionaire's tweet.
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Student Loans Report Claims Student Loan Servicers Failed You During Covid-19 Pandemic Check your student loans. Check your credit score.
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Despite Surging Inflation, Markets Now View It As The new market acceptance of the "transitory" inflation view should take a lot of pressure off the Fed to move interest rates higher. The bigger issue is the labor data which shows a recovering economy (layoffs falling),...
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Regulators Tell Banks It Is Time to Stop Using Libor

Wall Street Journal - 13 Jun 2021 13:00
A CFTC subcommittee told brokers they should switch from Libor to a new rate, SOFR, by late July. But not everyone thinks SOFR is the answer.
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Herding bias can be injurious to financial health

livemint.com - 13 Jun 2021 20:55
Herding bias can be injurious to financial health Favourable asset class cycles do not last and winners rotate their stance
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Rental payments to relatives may invite the taxman's scrutiny As per Section 10(13A) of the Income Tax Act, any allowance specifically granted to an employee to meet the expenditure actually incurred on payment of rent for a residential accommodation occupied by him/her shall be ex...
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Smallcase offers a better experience, but know the risks The average Smallcase portfolio has 12 stocks, though the platform also supports asset allocation strategies with ETFs, which are more diversified and popular, said founder and CEO Vasanth Kamath
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Four things to keep in mind while filing income tax return this year The tax-filing process can be a cumbersome one. Keep track of changes to ensure an error-free ITR experience
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Tech's Sizzling Stock Groups

Forbes - 13 Jun 2021 19:18
Tech's Sizzling Stock Groups The tech heavy Nasdaq 100 surged to the upside last week and generated new bullish signals from the market internals according to market technician Tom Aspray. There are two tech industry groups that he likes in particul...
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High-Speed Trader Virtu Fires Back at Critics

Wall Street Journal - 13 Jun 2021 16:00
Scrutiny of the recent stock surges at GameStop, AMC and others has put pressure on the trading firm run by CEO Douglas Cifu.
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Biotech Rally Sparked by Alzheimer's Drug Has Staying Power

Wall Street Journal - 13 Jun 2021 15:03
Controversy surrounding Biogen's Aduhelm could ignite political firestorm over high drug prices, but investors should look past any D.C. drama.
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Some Californians Can Get Coverage Again After Wildfires

Wall Street Journal - 13 Jun 2021 15:00
Farmers Insurance will sell 30,000 home policies in fire-prone parts of the state using artificial intelligence from Zesty.ai.
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Check which lenders offer best rates on loan against property If you are looking for a considerable amount, a loan against property is one of the preferable options..According to data from Paisabazaar.com, the interest rates for loans against property start at 8.2%, but can go as h...
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SBI internet banking services to remain unavailable during this time period today. Check details here SBI internet banking services to remain unavailable during this time period. Check details
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From bank TDS to mutual funds -- how Aadhaar-PAN link is important for you Aadhaar-PAN link: All investors are advised to check their PAN-Aadhaar link status and if it is not linked then one must do it before the give deadline of 30th June 2021. Failing to this will lead to inoperative PAN card...
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New rules for SBI ATM cash withdrawal, chequebook from next month. Details here SBI has also increased the ceiling for cash withdrawal by customers at non-home branches amid the second wave of the Covid-19 pandemic
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