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Market News

Location American Market News for 18 July 2021

Wall Street Watchdog Keeps Bitcoin ETFs on Ice

Wall Street Journal - 18 Jul 2021 16:00
So far the industry hasn't been able to persuade the SEC that bitcoin ETFs wouldn't be susceptible to manipulation and fraud.
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Use This Powerful Indicator To Grab Safe 9.3% Dividends One of the so-called "rules" of income investing is that you can get a high dividend or a sustainable dividend from a stock or fund--but not both.
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Another College Cancels Student Debt

Forbes - 18 Jul 2021 18:55
Another College Cancels Student Debt More student debt cancellation.
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Stock Market Records Rest More On Faith Than Corporate Profits

Wall Street Journal - 18 Jul 2021 14:00
Wall Street's expectations for this year's corporate profits are still below where they were a year before the pandemic. Yet the S&P 500 is up 60%.
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FPIs turn cautious, pull out ₹4,515 cr from Indian equities in July so far With markets trading near all-time high, FPIs would have chosen to book profits. They have also been staying on the sidelines given high valuations and most likely on the back of the risk of a potential third wave of the...
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China's Bitcoin Mining Drama Is Over. Why Is Bitcoin Still A Dud? Bitcoin is still not doing great. China can be blamed. Here's when Bitcoin recovers, Fed and China's Central Bank be damned.
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PF balance is tax-exempt upon continuous service for five years As per Section 10(12) read with rule 8 of part A of fourth schedule of the Income Tax Act, 1961, the accumulated PF balance due and payable to the employee, i.e. balance to his credit on the date of cessation of his empl...
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'I'm no fan of IPOs; PE funds getting out itself an indicator' I tracked stocks that went into IPOs. In more than 30% of such cases, companies traded below the issue price on listing, says Nikhil Kamath, Co-founder, Zerodha
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Digital Indians are enamoured with Buy Now Pay Later credit BNPL is a credit product, and it is best delivered in a regulated format with controls
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What is a 'correction' in the equity markets?

livemint.com - 18 Jul 2021 21:24
What is a 'correction' in the equity markets? In stock market parlance, a correction is defined as a fall of equity markets from their recent peak for a sustained period of time
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Ingersoll Rand Has Made Takeover Bids for SPX Flow

Wall Street Journal - 18 Jul 2021 21:01
The component maker has so far rebuffed Ingersoll's overtures, which included an all-cash offer that valued SPX in the low-$80s a share.
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Stocks This Week: Sell Short Home Depot And Marvel Technology Group Cycle support has faded and the S&P is likely to fall further in the coming week.
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OPEC+ Countries Plan to Meet to Push Oil Output Increase

Wall Street Journal - 18 Jul 2021 12:40
Delegates say they expect to agree to restore oil they cut at the start of the pandemic in coming months.
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China Steels Itself for Fight to Cool Rising Commodities Prices

Wall Street Journal - 18 Jul 2021 11:30
Authorities are signaling they plan to step up measures to roll back commodity prices that have been buoyed by economic recoveries around the world and potentially threaten Chinese growth.
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I want to sell flat before taking possession. How to save income tax In case the interval is not more than 36 months, the profits made shall be treated as short term capital gains
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PPF partial withdrawal, premature closure rules explained The facility to prematurely the PPF account is available after completing of full five financial years means during 7th year of its opening or afterwards
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Banks to remain closed for 3 days from tomorrow in these cities Banks across the country will remain closed for Eid al Adha on July 21
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Three Little Birds - When Lawyers Run Central Banks The three lawyers in charge of the world's three major central banks want to assure you that there is no reason to worry. Should we trust the message when it comes to inflation and long term financial health?
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