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Market News

Location American Market News for 13 December 2023
3 investing strategies that pushed Bill Miller to billionaire status Bill Miller stands apart; he does not advocate value investing like many other esteemed investors. His approach to investing is so distinctive that financial experts often characterize his style as a fusion of various ap...
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Credit Suisse Securities and two affiliated entities will pay more than $10 million to settle charges from the U.S. Securities and Exchange Commission that it allegedly provided certain prohibited services.
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Stocks Jump After the Fed Gives Wall Street What It Hoped For

Wall Street Journal - 13 Dec 2023 23:28
The Dow industrials gained 512 points to a record above 37000 as investors zeroed in on hopes the Federal Reserve will cut interest rates next year.
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The blue-chip index is on the cusp of a new high, boosted by hopes for a soft landing and hype about artificial intelligence.
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Climate change: Why Indians should look at home insurance more seriously If we look at the data on natural disasters in India, we would realize that the incidence of such calamities has risen significantly
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Which funds will help me meet my retirement, other goals? When you invest in a company, you invest for its prospective growth and this may take some time to unlock the potential
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Buying a house? Know the mutual funds that help you

livemint.com - 13 Dec 2023 17:59
Buying a house? Know the mutual funds that help you A systematic investment plan in the right funds can grow your portfolio by leaps and bounds
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Argentina's radical, anarcho-capitalist President Javier Milei may turn out to be pretty conventional. That comes with good and bad news for investors.
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The Rising Price of Cardboard: A Positive Sign for the Economy

Wall Street Journal - 13 Dec 2023 16:00
Cardboard producers are boosting prices for the first time since early 2022.
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OPEC Leaves Global Oil-Demand Views Unchanged

Wall Street Journal - 13 Dec 2023 14:33
The Organization of the Petroleum Exporting Countries left its expectations for global oil demand unchanged for this year and next and raised its 2023 global economic growth forecast.
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It's Biotech Stocks' Time to Shine

Wall Street Journal - 13 Dec 2023 14:00
Bets on interest-rate cuts plus a surge in pharma deals mean the worst is likely over for the biotech sector.
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Your Questions Answered: How can I create a budget to reach my financial goals? The article emphasizes the significance of budgeting for financial goals, advising on understanding income, tracking expenses, and setting financial objectives.
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How to enhance coverage affordability via insurance premium financing? MintGenie explains Insurance premium finance helps you get adequate insurance coverage without disturbing your budget.
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What is the tax treatment for sovereign gold bonds? MintGenie explains Even though the interest accrued on SGBs is subject to taxation, the capital gains exemption after eight years, coupled with the potential for long-term capital gains featuring indexation benefits, positions SGBs as a ta...
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Strategies for tax-efficient investing for long-term growth. Read here to know Personal finance experts say that by carefully managing your tax liabilitiеs, you can еffеctivеly maximisе your invеstmеnt rеturns and achiеvе your financial goals morе еfficiеntly.
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Atal Pension Yojana subscribers count cross 6-crore mark; 79 lakh enrolments this fiscal. Check benefits, other details Atal Pension Yojana (APY) was launched on 9 May 2015 by Prime Minister Narendra Modi to provide old age income security to Indian citizens, with a particular focus on the poor, underprivileged, and workers in the unorgan...
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Economy shrinks more than expected amid interest rate pain - latest updates Britain's economy shrank more than expected in October, official figures show, in a sign that households and businesses are struggling with high interest rates.
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High premiums prevent 3 out of 10 people from buying health insurance, survey finds Three out of ten individuals do not purchase health insurance due to the high premiums associated with it, survey reveals
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Can I claim income tax benefit on second home loan?

livemint.com - 13 Dec 2023 09:12
Can I claim income tax benefit on second home loan? The benefit of the deduction for interest and repayment of home loans is available only if you opt for the old tax regime
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Missed filing ITR? December 31 is the last day to file belated income tax returns Taxpayers who haven't filed their income tax returns for FY 2022-2023 must file by December 31, 2023 to avoid penalties and interest charges.
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HDFC Life introduced HDFC Life Click 2 Achieve, featuring guaranteed benefits. Details here HDFC Life Insurance has unveiled an unprecedented, highly flexible guaranteed income plan, allowing policyholders to determine their preferred income distribution (immediate, deferred, lump sum, etc.).
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Year-end portfolio review: Should you allocate additional money to fixed-income for 2024? To take advantage of the current high interest rates, you may allocate some additional money to fixed-income products like fixed deposits, bonds, debt mutual funds, Small Savings Schemes, etc.
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