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Market News

Location American Market News for 21 February 2024
Federal Reserve minutes signal concern about cutting rates too soon.
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Both the U.S. and South Korea have sought to prosecute the creator of TerraUSD and Luna.
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Nvidia has been the primary beneficiary of the obsession with large AI models, which are developed on the company's pricey graphics processors for servers.
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'ETFs in debt have a huge potential for investments'

livemint.com - 21 Feb 2024 21:15
'ETFs in debt have a huge potential for investments' In an interview with Mint, fintech entrepreneur Sanjiv Shah talked about his recent work, trends in the ETF space and anecdotes from his MF industry days
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China's Metal Demand Takes a Different Shape

Wall Street Journal - 21 Feb 2024 17:00
China's property crisis keeps punishing big miners, but increasing demand from manufacturing and infrastructure could take the edge off.
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Say Goodbye to Dirt Cheap Canadian Oil

Wall Street Journal - 21 Feb 2024 16:00
Don't cry for U.S. refiners, who will be fine without it--for now.
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Reddit Plans to Sell Stock to Loyal Users in Unusual IPO Wager

Wall Street Journal - 21 Feb 2024 16:00
Social-media company intends to offer shares in the offering to 75,000 of its biggest users.
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Nominee vs legal heirs: Who will have an upper hand in EPFO fund distribution? EPFO members nominate family for provident fund distribution. Legal heirs inherit funds if no nominee is declared. Recent Supreme Court ruling prioritizes succession laws over nomination process for fund distribution.
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The London-based lender suffered a "valuation adjustment" of $3 billion on its stake in Bank of Communications.
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We answer a reader's tax question on repaying a bonus.
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NPS transactions to get more secure through aadhaar-based access, PFRDA releases circular As of now, a password-based login is used to access the central recordkeeping agency for NPS transactions. It has now been decided to bring in additional security features through aaadhaar-based authentication for login ...
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Stay informed about tax laws affecting investments with expert advice, says Atul Garg of FinEzzy There are generally no stringent restrictions on the types of mutual funds eligible for loans, with both equity and debt funds being commonly considered.
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Know Your Customer: How KYC secures foolproof financial transactions in digital era. Experts take KYC is essential for businesses to verify customer identities, comply with regulations, and combat financial crimes. Leveraging AI and biometrics in KYC balances security and convenience, safeguarding citizen data privac...
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China's two major stock exchanges have slapped a three-day ban on a large quantitative fund, the latest move by regulators ramping up trading scrutiny as they look to boost a sluggish market.
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Hunt handed £9.2bn borrowing boost for Budget tax cuts - latest updates Jeremy Hunt has been handed a £9.2bn borrowing boost as he seeks potential pre-election giveaways for his Budget next month.
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Chinese property stocks rose a day after a deeper-than-expected cut to a key mortgage reference rate bolstered hopes that authorities are doing more to shore up the ailing sector.
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Lessons From a Three-Decade-Long Stock Market Disaster

Wall Street Journal - 21 Feb 2024 09:16
The real reason to celebrate as Japan's Nikkei index finally overcomes its 1989 high will be psychological.
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NPS partial withdrawal: The latest rules described here The Pension Fund Regulatory and Development Authority (PFRDA) rules define that a subscriber is allowed to make partial withdrawal but only up to 25 percent of contribution excluding the employer's contribution
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HSBC Swings to Fourth Quarter Loss; Announces Share Buyback

Wall Street Journal - 21 Feb 2024 08:32
HSBC said it would buy back up to $2 billion in shares, coming after impairments pushed its bottom line to a loss in the latest quarter.
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What Consumers Need to Know About the Capital One-Discover Deal

Wall Street Journal - 21 Feb 2024 06:00
The acquisition, which would give Capital One access to Discover's payments network, aims to create a bigger competitor to Visa and Mastercard.
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The Lifespan of Large Appliances Is Shrinking

Wall Street Journal - 21 Feb 2024 06:00
A push toward computerization, an increase in the amount of components and flimsier materials have undercut reliability, say technicians and others.
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Amazon Is Joining the Dow Jones Industrial Average

Wall Street Journal - 21 Feb 2024 03:42
The online retail giant will replace Walgreens in the storied stock index.
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