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Market News

Location American Market News for 20 December 2023
Age-based investment vs goal-based investment: Which works better? The article highlights goal-based and age-based investing approaches, emphasizing the importance of asset allocation and the relevance of goal-oriented financial planning.
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RBI's Udgam portal: How to check details of unclaimed deposits? A step-by-step guide Depositors can view information relating to their unclaimed deposits on Udgam portal which was created in collaboration with Reserve Bank Information Technology (ReBIT), Indian Financial Technology & Allied Services (IFT...
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Global funds bought over $6 billion worth Adani stocks in 2023: Report Adani stocks garnered one-third of net foreign portfolio inflows into Indian equities this calendar year so far amounting to more than ₹52,000 crore
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Crude-Oil, Gasoline Stockpiles Rise as Refineries Ramp Up Runs

Wall Street Journal - 20 Dec 2023 21:46
U.S. crude-oil inventories rose last week by 2.9 million barrels, contrary to analysts' expectations for a fall, while gasoline stocks rose by a greater-than-expected 2.7 million barrels, government data showed.
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U.S. Makes New Push to Stifle Russian Oil Trade

Wall Street Journal - 20 Dec 2023 20:24
The Treasury Department is imposing sanctions on three trading firms that have emerged as important players in the Russian petroleum market.
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Housing Heats Back Up

Wall Street Journal - 20 Dec 2023 19:14
Mortgage rates are falling while the number of homes for sale remains constrained. That is good news for home builders.
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Taxes, inflation and comfort: Why it is absolutely necessary to stay debt-free Being debt-free helps you take better risks with your career and improves your overall savings
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Can a nominee be included in a builder-buyer agreement? Safeguarding property ownership rights is paramount for every individual, and understanding the nuances of a builder-buyer agreement is crucial
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Electric Scooter Stocks Hit a Wall

Wall Street Journal - 20 Dec 2023 17:36
Investors have given up on Bird Global and Micromobility.com, but their troubles might benefit privately owned Lime.
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What are G-Secs and why should investors invest in them? MintGenie explains After RBI in 2021 rolled out 'RBI Retail Direct' scheme to trade in government securities, G-Secs' popularity spiked significantly. G-Secs is a tradeable instrument issued by the Government of India, or the state governm...
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Spruce House, founded by two friends from Penn, expanded to bet on growth stocks. The strategy flopped last year, and the hedge fund is still making its way back.
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Debt mutual funds' growth falters against bank deposits: Report In comparison to 11 percent of bank deposits in Nov 2018, debt AUM of mutual funds -- at ₹13.58 lakh crore -- accounted for 7 per cent of deposits,
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How to grow wealth in the long run by investing in the right options? MintGenie explains Investors should set goals and segregate investments into long and short term portfolios. Long-term portfolio should have positive risk-adjusted return.
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1 in 3 Indians stressed, over 35% struggle with chronic illness, says report The India Wellness Index underscores a substantial rise in the adoption of health technology across various demographic groups. The data emphasize an increased stress level and challenges to mental health, as every third...
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Demat account nomination to bank locker agreement: Top five personal finance tasks to complete by December 31 Changes coming into effect from January 1, 2024 include providing a choice of nomination for Demat account holders, deactivating inactive UPI IDs, signing a new agreement for bank lockers, and eliminating paper-based KYC...
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That's Two for Two: The World's Other Big Canal Is in Trouble

Wall Street Journal - 20 Dec 2023 09:24
While the Panama Canal has been running dry, Gaza-related attacks have created a crisis in the Red Sea.
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Mutual funds: SIP inflows in 2023 spike 22 percent. Experts give these reasons SIP contribution in mutual funds reached ₹1,66,131 crore in the first 11 months ending Nov 30, 2023 witnessing 22.23 percent increase from previous year's contribution for the corresponding period.
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Double your money in less than ten years with Kisan Vikas Patra (KVP). Here is how Kisan Vikas Patra (KVP) is a long-term investment option with an interest rate of 7.5% compounded annually, doubling your money in 115 months
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What is Coast FIRE? Should you pursue this instead of vanilla financial independence? This is a variant of FIRE where retirees focus on front-loading of savings but are willing to work in their retired life to cover their living expenses.
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From deepfake to phishing: Top 5 fraud trends anticipated in the financial sector in 2024 and strategies for mitigation The financial sector faces escalating threats in 2024, including deepfake fraud, phishing 2.0, blockchain exploitation, insider threats, and AI-powered fraud
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Sovereign Gold Bond 2023-24 series 3: How to buy SGB from banks, post offices, stock exchanges. Step-by-step guide The third tranche of the Sovereign Gold Bond scheme is open for subscription till December 22, with an issue price of ₹6,199 per gram
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