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Market News

Location American Market News for 5 July 2021
All Money Is 'Fiat Money,' Most Money Is 'Credit Money' There seems to be some confusion afoot about what 'fiat monies' are, whether the US dollar is one of them, and whether it ought or ought not to be. There is also confusion about whether 'credit monies' can be 'fiat monie...
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By donating a stock before news sinks the share price, investors can get a bigger deduction
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Top Mutual Fund Rose 140% in a Year

Wall Street Journal - 5 Jul 2021 23:12
Winners' Circle: A Morgan Stanley mutual fund skippered by Dennis Lynch tops our quarterly survey of the best-performing stock-fund managers in the past 12 months.
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How to stop being overconfident with your money

livemint.com - 5 Jul 2021 22:30
How to stop being overconfident with your money Investing and economics are not fields of exact science that run on a defined formula
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Two Top Stocks For July

Forbes - 5 Jul 2021 22:27
Two Top Stocks For July In the monthly scan of stocks by the Viper Report's Tom Aspray there are two stocks that stand out from his analysis.
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NRIs can continue investing in PPF account

livemint.com - 5 Jul 2021 22:16
NRIs can continue investing in PPF account NRIs can continue to invest up to ₹1.5 lakh in their existing PPF accounts every financial year
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How to choose the right insurance for monsoon ailments Comprehensive health policies that cover such diseases or standalone ones as additional cover are both useful
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A Barclays fraud case shows how a push to target financial-industry wrongdoers is running into resistance from judges, who are questioning a central premise of the agency's approach--enrolling banks to help identify offe...
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Targeted Student Loan Cancellation Has Been Biden's Focus--Here's Why What this means for your student loans.
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Govt leaves General Provident Fund interest rate unchanged at 7.1% for Jul-Sept The interest rate declared on provident funds is same as rates offered under the public provident fund (PPF), which is also at 7.1%
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Private Equity Spots Bargains in U.K. Supermarket Aisles

Wall Street Journal - 5 Jul 2021 17:08
A bidding war is brewing for property-rich grocery chain WM Morrison only a few months after Walmart's partial exit from the British market.
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In OPEC Deadlock, U.A.E. Steps Out of Saudi Shadow

Wall Street Journal - 5 Jul 2021 16:39
OPEC made its third attempt to resolve a deadlock on oil production between two of the cartel's closest and most important members.
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Are Power Companies Playing Texas Hold'em?

Wall Street Journal - 5 Jul 2021 16:00
Ahead of peak summer heat in Texas, the grid is already experiencing tight supply. Though the culprit could be genuine wear and tear, market manipulation isn't out of the question.
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Should you prepay your home loan or invest surplus cash? To decide on this, you will need to evaluate your current situation and determine whether it makes sense for you to prepay or continue with the loan
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Global Stocks Mixed, U.S. Futures Waver

Wall Street Journal - 5 Jul 2021 13:51
U.S. markets were closed for the July 4 holiday, and S&P 500 futures pointed to tepid decline at the market open Tuesday.
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After a lackluster first half for Chinese stocks, investors and analysts are optimistic the next six months will bring better returns.
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Credit Suisse Hires Goldman Tech Veteran in Management Revamp

Wall Street Journal - 5 Jul 2021 12:46
Joanne Hannaford will become the Swiss bank's new chief technology officer and chief operating officer, replacing James Walker in the COO role.
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NPS Lite Swavalamban subscribers can exit before 25 yrs if corpus at Rs1 lakh The accumulated corpus of these subscribers will be calculated after deducting the government's contribution, if any, and the returns thereon
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Filing ITR? Know how to claim tax deduction for covid related expenses There is no upper limit on this. In case family members of an employee receive ex-gratia payment from an employer, it will be tax-free while in case of others payment up to ₹10 lakh will be tax-free
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Didi and the Big Chill on China's Big Data

Wall Street Journal - 5 Jul 2021 12:04
The crackdown on ride-hailing giant Didi is part of a much larger move to assert Beijing's jurisdiction over how data is collected--and the data itself.
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Sydney Airport Gets $17 Billion Takeover Bid

Wall Street Journal - 5 Jul 2021 11:35
The proposal for Australia's busiest airport by a group of infrastructure investors signals expectations for a big post-pandemic travel recovery.
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Individual investors plowed a record net $27.9 billion into the U.S. stock market in June, lured by continued volatility beneath the market's surface.
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