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Market News

Location American Market News for 16 February 2024
Sovereign Gold Bond Scheme 2023-24: New series ends today. Top 5 reasons to apply? Investing in Sovereign Gold Bonds offers attractive interest rates, tax benefits, convenience, and the inherent value of gold as a timeless asset.
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Higher Treasury yields are adding an additional trillion-plus dollars in deficit spending
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DraftKings missed Wall Street's expectations on Thursday after the bell but increased its year-over-year revenue by 44%.
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SIP inflows surged to ₹18,838 crore in January, active accounts rose by 1.7 crore: Geojit Report The number of SIP accounts soared to a record high of 7.92 crore in January this year, marking a substantial increase year-over-year.
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A Fund With a 94.9% Yield? You Guessed It, There's a Catch

Wall Street Journal - 16 Feb 2024 20:15
When investors see an ETF promoting a sky-high yield, they may forget what they should have learned in Investing 101
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What is PM Vishwakarma Yojana? From features to eligibility criteria; all you need to know Introduced in September 2023 by the Indian government, the PM Vishwakarma Scheme is a central sector initiative designed to offer comprehensive assistance to artisans and craftspeople nationwide. The scheme is named afte...
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Swiss Re CEO Christian Mumenthaler warned that the price of the climate crisis would soon be at the door of consumers for the first time.
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Shares of cryptocurrency exchange Coinbase soared Friday in U.S. premarket trading after the company reported its first profit in two years.
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Trading in Digital World Acquisition is evoking the meme-stock craze.
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I'm the WSJ's Tax Columnist. Here's How I Tackle My Own Taxes.

Wall Street Journal - 16 Feb 2024 14:30
The tax-prep process can help Americans grapple with their financial future. Make sure you're paying attention to the stuff that matters.
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Strategic AIFs may get excluded from RBI's evergreening rules: Report Equity funds are expected to see some leeway but not much of a relaxation may be granted to debt funds. A cap on the exposure of an NBFC to an AIF may also be introduced.
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8 investing principles that guided Steven Cohen to dizzying heights of success in the financial world Understanding the fundamental principles of Cohen's approach can enhance investment decisions, although his methods may not be suitable for all investors.
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Retail sales bounce back from dreadful Christmas - latest updates Retailers bounced back after suffering their worst drop in sales for nearly two-years, official figures show.
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Global citizenship is plan B for Ultra HNIs, says Himanshu Kohli of Client Associates In the concluding segment of the interview with MintGenie, Himanshu Kohli, Co-Founder of Client Associates, discusses topics such as global citizenship, private equity, and debt, among other subjects.
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America's Economy Slowed---It Probably Won't Stumble

Wall Street Journal - 16 Feb 2024 08:00
Retail sales and industrial production both dipped in January, but there were some encouraging signs.
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Instamojo opts out of payments gateway bid

livemint.com - 16 Feb 2024 04:45
Instamojo opts out of payments gateway bid Will continue to focus on building software and bringing more merchants on the platform, says founder Sampad Swain
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ITR 2024: Income Tax vs TDS. How the two are different? The main difference between Income Tax and TDS is that the Income Tax is deducted from the payer's overall profit or annual return, on the other hand, TDS refers to the tax deducted from the payer's sources of income bas...
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Toast said it would lay off 550 employees, resulting in $45 million to $55 million charges, mostly in the first quarter.
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Shares of The Trade Desk jumped over 18% on strong first-quarter guidance and a sales beat.
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