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Market News

Location American Market News for 2 July 2024
Invested in cryptos this year? You will have to pay tax at this rate... Any gains accrued on your investment in cryptocurrencies are liable to 30 percent tax while no set off is allowed for losses incurred in crypto trading
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Tesla Helps Nasdaq Log 22nd Record of the Year

Wall Street Journal - 3 Jul 2024 00:23
Six of the Magnificent Seven stocks posted gains.
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First Foundation raises more than $225 million from Fortress and others.
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Tax FAQs for NRIs: Schedule AL, India-Germany DTAA decoded Under the India-Germany DTAA, India has the source taxation rights for taxing capital gains derived from sale of Indian shares.
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ICICI Bank and Axis Bank revise their FD interest rates. Check latest rates here ICICI Bank offers 7.2 percent interest rate to depositors on tenure that ranges between 15 and 18 months. For duration between 18 months to 2 years too, the private lender offers 7.2 percent per annum.
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Robinhood Could Use AI to Break Into Advisory

Wall Street Journal - 2 Jul 2024 16:00
The online broker needs to keep expanding its retirement offerings.
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China and U.S. Both Eye Breakthrough EV Technology

Wall Street Journal - 2 Jul 2024 15:00
China is so dominant in the market for the batteries powering electric vehicles that it would take a technological upheaval to change that. One might be coming.
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Should you add CDs and NCDs to your fixed deposit-dominated portfolio? Bank FDs have been the go-to option for Indian savers, offering 7-8% returns. However, corporate deposits and NCDs are providing even higher rates. Choosing between the two requires considering credit ratings and risk le...
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Boeing Calls Time on the Great American Outsourcing

Wall Street Journal - 2 Jul 2024 13:49
The plane maker's purchase of Spirit AeroSystem, a supplier it spun off in 2005, exemplifies a realization dawning on corporate America: Outsourcing isn't all it was once cracked up to be.
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Mint Money: Confused about ITR forms? Here's how to pick the right one While filing the ITR within the due date is crucial, filing it in the correct form is equally important to avoid income tax notice or penalty
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US debt costs surge amid fears of 'inflationary Trump 2.0' The cost of US government borrowing jumped higher as a Supreme Court ruling raised the prospect of a second Donald Trump presidency.
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Retirement Planning: How to achieve early retirement bliss? A step-by-step guide Embarking on early retirement requires strategic planning. Diligent savings and disciplined actions are key to achieving a secure and rewarding early retirement.
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Mint Explainer: How easing NRI caps in GIFT City funds will boost fund launches Sebi's removal of the 50% cap on investments from overseas Indians in Gift City funds eliminates a major hurdle, enabling rapid fund launches.It enhances the appeal of Gift City-domiciled funds, offering a competitive ad...
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