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Market News

Location American Market News for 18 December 2023

Stocks Continue Rally on Hopes of Interest-Rate Cuts

Wall Street Journal - 18 Dec 2023 23:24
Shares of large technology companies were once again at the forefront of the market rally, with the Nasdaq Composite rising 0.6%.
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Is the certified copy of a will legally valid?

livemint.com - 18 Dec 2023 21:18
Is the certified copy of a will legally valid? A certified true copy of the will can be treated as secondary evidence under applicable laws.  
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Equity shares and taxation on spl transactions

livemint.com - 18 Dec 2023 21:12
Equity shares and taxation on spl transactions Bonus shares received will be taxable at time of sale; no tax is levied at time of allotment
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NPS equity investment delivers average return of 16.94% in last one year. Details here This average annual return of 16.94 percent in equities on December 8 is more than double the 7 percent return of corporate bonds.
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Rate setters are under pressure to ditch the "floor system" they have used to steer monetary policy since the global financial crisis, but today's financial regulations make demand for liquidity far more unpredictable.
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How the Fintech Rally Could Fizzle in 2024

Wall Street Journal - 18 Dec 2023 14:00
Falling interest rates might be a surprising challenge for a lot of financial-technology stocks.
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Mutual Funds: What are target maturity funds and why should you invest in them? If you want a reasonable amount of predictability of returns, target maturity funds ? among debt mutual funds ? are seen as a good choice
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More Americans Than Ever Own Stocks

Wall Street Journal - 18 Dec 2023 12:30
About 58% of households owned stocks in 2022, according to a Fed survey. The pandemic and zero-commission trading gave rise to an entire generation of investors.
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Buying a new house? 7 key factors to consider before you opt for a home loan But before you set out to buy a property, there are certain things to be careful about. We list out seven key factors that one should make note of
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National Pension System: Five reasons why NRIs should consider NPS as a long-term investment option Non-resident Indians (NRIs) aged 18 to 60 can invest in India's National Pension Scheme (NPS) by adhering to KYC norms. The NRIs can make contributions to NPS from their NRO/NRE account
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Year-end tax planning: How to make the most of the tax deductions available? Here are 5 ways To maximise your tax savings, make the most of deductions available under Section 80C for investments, 80D for health insurance premiums, Section 24 for home loan interest, and Section 80CCD for NPS contributions.
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More British firms will move to New York, says Nasdaq chief - latest updates More British companies are in discussions about listing in New York rather than the UK, the global head of listings at Nasdaq has said.
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The downsides of floating-rate fixed deposits (FDs). Better invest in this for now Interest rates on floating rate fixed deposits (FDs) are variable and revised based on a benchmark reference rate. Experts recommend locking money into high-return FDs now before rates decrease
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'Transparency in hospital costs is key to affordable health premiums' While insurers are regulated, and are answerable to Irdai whenever they hike premiums, hospitals aren't
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