Market News
Wall Street Curbs Young Bankers' Hours After Overwork Outcry
Wall Street Journal - 12 Sep 2024 05:00
JPMorgan adds 80-hour weekly cap and Bank of America revamps timekeeping after a Wall Street Journal investigation highlighted investment banking's work-obsessed culture.
Election Betting Is Going Mainstream After Major Brokerage Gets on Board
Wall Street Journal - 13 Sep 2024 01:41
Interactive Brokers will launch election bets next week, taking advantage of a court ruling.
Regulator Orders Wells Fargo to Fix Financial-Crime Controls
Wall Street Journal - 12 Sep 2024 22:55
The Office of the Comptroller of the Currency said it has identified deficiencies with Wells Fargo's anti-money-laundering controls and financial crimes risk-management practices.
CFPB Calls for Limits, $120 Million Fine Against Navient for Student Loan Practices
Wall Street Journal - 12 Sep 2024 17:59
The regulator's proposed order could permanently ban Navient from servicing federal direct loans.
What is auto top-up of UPI Lite? New feature to be rolled out from Oct 31 -- all you need to know
livemint.com - 12 Sep 2024 17:00
The UPI Lite balance will be automatically reloaded by an amount chosen by the user. This is meant to facilitate the PIN-less transactions below ₹500 with a maximum UPI Lite balance limit of ₹2,000 at any point of ti...
Thematic and sector funds are all the rage. But recent returns mask the true risk.
livemint.com - 12 Sep 2024 15:12
Mutual funds with specific themes and sectors are now the largest in terms of asset size and number of folios - a proxy for the number of investors - thanks to their performance over the past three to five years. But is ...
The Brawl Taking Shape Over Pfizer's Multibillion-Dollar Heart Monopoly
Wall Street Journal - 12 Sep 2024 15:00
The drugmaker's fastest-growing blockbuster could soon face competition from two biotech firms in the treatment of a little-known heart condition.
Falling Interest Rates May Be a Challenge for JPMorgan but Not for Everyone
Wall Street Journal - 12 Sep 2024 14:00
Some banks may still see rising net interest income even if the Federal Reserve slashes rates as anticipated.
Megamerger of European Banks Still Wouldn't Challenge Wall Street
Wall Street Journal - 12 Sep 2024 13:30
A potential combination of Italy's UniCredit with Germany's Commerzbank would be big, but not big enough to create a European banking champion.
Can a single coparcener maintain HUF status? Tax implications explored
livemint.com - 12 Sep 2024 13:22How to buy a 3-bedroom apartment at 2 BHK prices: Secrets of stressed properties
livemint.com - 12 Sep 2024 12:46
The dream of homeownership faces challenges due to rising prices in India. Bank auctions offer a solution, but tread with caution.
Tax laws explained: How rent payments and receipts affect your tax liability
livemint.com - 12 Sep 2024 11:57
Many investors prefer real estate for rental income, while others rent homes. Tax laws differ for rent paid and received. Under specific conditions, deductions are allowed for loan interest and HRA
Why this Singapore-based couple retains their Indian health insurance plan
livemint.com - 12 Sep 2024 11:10
Living in Singapore, Harshit and Prabhjot face high living costs, prompting them to seek medical care in India. Here is how they invest their money and plan for the future.
Labour must 'hold its nerve' against green belt Nimbies, says Resolution Foundation
Telegraph - 12 Sep 2024 09:54
Sir Keir Starmer's Government must "hold its nerve" against green belt Nimby opposition to hit its goal of building more than one million new homes before the end of the current Parliament, a leading think tank has urged...
Understanding capital gains tax exemptions for ESOP share sales
livemint.com - 12 Sep 2024 09:54
To save capital gains tax on Rs. 80 lakh from ESOP shares, a taxpayer must invest the entire sale amount in a residential house within two years, not just capital gains. Failure to do so requires depositing the remaining...
Blue-chip stocks vs SME IPOs: Which is better for whom-- Explained
livemint.com - 12 Sep 2024 09:46
Blue-chip stocks vs SME IPOs: Investors must choose between blue-chip stocks, known for stability and steady growth, and SME IPOs, which offer higher returns but come with more significant risks
How to protect yourself from financial scams? Here are 7 ways
livemint.com - 12 Sep 2024 09:11
Fraudsters lure investors with promises of guaranteed high returns and fake success stories. They create urgency to pressure decisions. To avoid scams, conduct thorough research, verify claims, and consult professionals ...
Best Credit Cards 2024: These are the best cards offered by the top banks based on reward points
livemint.com - 12 Sep 2024 08:27
Credit Cards: Notwithstanding a no. of common features among several credit cards, we give a lowdown on the benefits offered by the cards offered by the top banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Sta...
Best FD rates: These five banks offer the highest interest rates on fixed deposits. Check details here
livemint.com - 12 Sep 2024 08:16Personal loans: Is it wise to borrow money to repay existing debts? Here's what you need to know
livemint.com - 12 Sep 2024 08:13
By taking out a new personal loan, you restart the loan term with a lower principal amount than before. As a result, your EMI is likely to decrease.
Private Markets Seem Out of Reach for Individual Investors. BlackRock Thinks It Has an Answer.
Wall Street Journal - 12 Sep 2024 08:01
The asset manager is teaming up with Partners Group to offer wealthy investors a preset portfolio.
Slide in Iron Ore Prices a Hiccup for Miners Amid Copper Scramble
Wall Street Journal - 12 Sep 2024 06:40
The price of iron ore has dropped to its lowest in nearly two years, a drain on profits for some of the world's biggest miners.