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Market News

Location American Market News for 2 October 2022
$724 Billion Below Peak, Apple's Market Cap Is Still Too High Apple is barely growing and could shrink as the global economy contracts. How can investors justify its $2.2 trillion market capitalization?
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The Stock Market Has Risen After Every Midterm Election Since 1950 US stocks have consistently earned positive returns after previous midterms, and delivered average annual returns of 18.6% compared to 10.6% in all other years.
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Tamer Inflation But Trouble Lies Ahead As Fed Has Overtightened Markets have tanked since the worse-than-expected CPI reading caused more Fed hawkishness. And it doesn't look like the economy will have a "soft-landing."
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Credit Suisse Seeks to Calm Market Jitters

Wall Street Journal - 2 Oct 2022 18:59
In talking points updated for its bankers and relationship managers, Credit Suisse emphasized its capital buffers.
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ICICI Bank hikes key lending rates by 15 bps: How would your EMI impact? The private sector lender ICICI Bank has upped its External Benchmark Lending Rate (I-EBLR) by 15 bps
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What a car loan costs you

livemint.com - 2 Oct 2022 18:01
What a car loan costs you A loan for longer may mean smaller equated monthly instalments (EMIs), which makes the car seem more affordable, but overall, you pay more as interest
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Dow Stocks To Trade In October

Forbes - 2 Oct 2022 18:00
Dow Stocks To Trade In October Here is the forecast for this volatile month with Dow stock recommendations.
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How can I minimize tax on rental income?

livemint.com - 2 Oct 2022 17:55
How can I minimize tax on rental income? As per the provisions of Section 26 of the Income-tax Act, 1961, if the property is owned by two or more persons and their respective shares are definite and ascertainable, share of each such person shall be included in ...
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3 ways how RBI rate hike will impact investors and borrowers With strong credit growth, and liquidity in the banking system getting squeezed, retail bank deposit rates are expected to go up. Given this, and further expected rate hikes, investors can continue with their FDs
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Tesla AI Day: An Investor's Perspective

Forbes - 2 Oct 2022 17:00
Tesla AI Day: An Investor's Perspective The celebrity CEO of Tesla, Elon Musk, enjoys putting on a show and garnering interest for the company.
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Succession of HUF assets: Can my married daughter be appointed Karta? Under the Hindu Law only a coparcener can become a Karta and after amendment of the Hindu Succession Act in 2005 daughter are also made coparceners.
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Freelance vs employee in a IT company: How income tax rules differ? The services rendered by a freelancer are generally treated as professional and technical services and TDS @10% is made on the payments in case the aggregate of the payments in a year is likely to exceed ₹30,000
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Senior citizens special fixed deposit of ICICI Bank going to end next week ICICI Bank offers a special fixed deposit programme to give older persons larger interest rate benefits, however, the scheme is going to end next week.
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Battered Investors Now Find Thrills in T-Bills

Wall Street Journal - 2 Oct 2022 13:00
The stability of Treasury bills is attracting investors weary of seesawing vehicles such as cryptocurrencies.
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IDBI Bank extends these two special fixed deposits for retail investors The validity term for IDBI Bank's two special fixed deposit products, the IDBI Naman Senior Citizen Deposit and Amrit Mahotsav FD, has been extended.
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DCB Bank hikes interest rates up to 50 bps on retail fixed deposits On fixed deposits under ₹2 crore, the private sector lender DCB Bank has increased the interest rate
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Investors Aren't Betting on Post-Midterm Rally

Wall Street Journal - 2 Oct 2022 11:30
A tough market has investors wondering whether 2022 will dent an 80-year record of notching gains after midterm elections.
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Federal Bank hikes interest rates on savings accounts: Details here Federal Bank, a private sector lender, has announced an increase in interest rates on saving bank accounts
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Income Tax: Are your Diwali gifts and bonuses taxable? During Diwali, gifts are given to their dear ones. Even some companies give bonuses to their employees. While one loves to receive gifts, however, a very common concept that income taxpayers need to understand is the tax...
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SBI FD vs Post Office deposit vs Kisan Vikas Patra: Latest interest rates comparison The interest rates on Post Office two-year and three-year time deposits have been hiked
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Check out these post office saving schemes offering higher interest rates from this month The Reserve Bank of India since May has raised the benchmark lending rate by 190 basis points, prompting banks to raise interest rates on deposits as well
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Why mutual funds are better investment option for senior citizens? You can invest in mutual funds via a systematic investment plan (SIP) or a one-time lump sum option. Notably, MFs are seen as a flexible investment option for senior citizens. Not just that, MFs can help senior citizens ...
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