Market News
You Say Bitcoin Is Digital Gold? Maybe It's Digital Pearls
Wall Street Journal - 23 Feb 2024 20:00
Almost every previously disruptive technology has ended up being disrupted. Bitcoin could be too.
AI Mania Lifts Stock Indexes to Records
Wall Street Journal - 24 Feb 2024 01:48
Nvidia's earnings report late Wednesday sent investors into a frenzy. Both the S&P 500 and the Dow closed at new records on Thursday and again on Friday.
Husband Who Eavesdropped on Wife's Work Calls Pleads Guilty to Insider Trading
Wall Street Journal - 23 Feb 2024 20:52
Tyler Loudon made $1.76 million trading shares after overhearing calls his wife, a former BP executive, made while working remotely.
German central bank losses soar, wiping out risk provisions
CNBC - 23 Feb 2024 19:16
Net interest income was negative for the first time in its 67-year history, declining by 17.9 billion euros ($19.4 billion) year on year.
Block shares surge after company announces surprise profit
CNBC - 23 Feb 2024 19:08
There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.
Are You Bleeding Money on Car Insurance? So Are Insurers
Wall Street Journal - 23 Feb 2024 16:47
Even as used-car prices fell in 2023, an eye-watering rise in premiums often wasn't enough to offset higher costs for auto insurers. And it isn't just happening in the U.S.
The Hedge Funds That Changed the Game
Wall Street Journal - 23 Feb 2024 14:30
Billions of dollars have poured into multimanager firms in the past few years, but few have managed to match the success of Citadel, Millennium and Point72.
Oil Market Gets a Russian Lesson: Sell on the Sound of Cannons
Wall Street Journal - 23 Feb 2024 14:30
On the second anniversary of the Ukraine invasion and amid ongoing attacks on a vital energy shipping corridor, the oil price is stuck in peacetime.
Payments banks to knock on RBI's door to seek permission for small-value deposits: Report
livemint.com - 23 Feb 2024 14:14
The need to enhance the scope of activities of these 'vertically differentiated banks' comes in the backdrop of five out of the 11 applicants who were given in-principle approval to start a PB in 2015, either not commenc...
Reliance, Larsen And Toubro to Infosys: These 5 stocks of LIC Pension Fund give up to 700% return in 10-year
livemint.com - 23 Feb 2024 11:34
NPS subscribers can choose from ten pension fund managers, including seven private and three government-owned. LIC Pension Fund's top holdings include Infosys, Reliance Industries, and HDFC Bank. The fund has delivered r...
Planting your portfolio: 7 key investing lessons you can learn from farmers
livemint.com - 23 Feb 2024 11:18
Witnessing a farmer in action provides valuable insights into the realm of investing. Farmers and investors share a common understanding that achieving rewards requires patience and sustained dedication. It's crucial not...
Energy bills to fall by £238 a year - latest updates
Telegraph - 23 Feb 2024 11:02
Household energy bills will fall by an average of £238 a year from April under the latest limits imposed on suppliers by regulators.
ICICI Lombard rolls out innovative 'Game of Life' media campaign. Details here
livemint.com - 23 Feb 2024 10:15
ICICI Lombard's new product 'Game of Life' revolutionizes the insurance landscape through a groundbreaking campaign centred around disruptive gamification.
Want to become a crorepati before your retirement? Here is ideal SIP to amass ₹5 crore
livemint.com - 23 Feb 2024 09:18
Mutual fund SIP calculator: To amass a corpus of ₹5 crore by the age of 60, you'll need to make monthly investments based on your current age and risk tolerance
Ride-hailing giant Grab posts first profitable quarter, announces $500 million share buyback
CNBC - 23 Feb 2024 09:00
On Thursday, Grab posted its first-ever profitable quarter, raking in $11 million in profit.
As Trading Frenzies Grip Penny Stocks, Criticism of Nasdaq Grows
Wall Street Journal - 23 Feb 2024 09:00
Bit Brother, a tiny Chinese cryptocurrency company, reached nearly 30% of U.S. stock-market volume late last year.
Standard Chartered Posts Stronger-Than-Expected Quarterly Profit
Wall Street Journal - 23 Feb 2024 09:00
Standard Chartered reported a higher-than-expected fourth-quarter profit supported by higher net interest income and said it would buy back up to $1 billion in shares starting immediately.
Pension Payment Order: How to find your PPO number? A step-by-step guide
livemint.com - 23 Feb 2024 08:03
A PPO is a distinct 12-digit code allocated to each pensioner participating in different schemes in India, such as the Employee Provident Fund and Central Pension Accounting Office. It serves as a vital identifier for al...
RBI has taken these eight steps to keep your digital payments safe
livemint.com - 23 Feb 2024 07:53
For the promotion of safe digital transactions among the general public, RBI has reiterated that users should take care by not sharing their card details, password, PIN, OTP, CVV, UPI-PIN, etc., with anyone
My grandmother wants to gift cash to me. What are the income tax implications?
livemint.com - 23 Feb 2024 06:55
Gifts received from specified relatives are not treated as income under section 56 (2) of the Income Tax Act, 1961