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Market News

Location American Market News for 18 January 2025

The Man Making Billions From the Wildest Bitcoin Bet

Wall Street Journal - 18 Jan 2025 04:00
MicroStrategy's Michael Saylor is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.
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New EPFO feature! Members can change personal details without employer approval Employees' Provident Fund Organisation (EPFO) launched a new facility on January 18, allowing members to change personal details without employer approval.
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Banks Scrimped on Customer Interest. Now They're Paying for It.

Wall Street Journal - 18 Jan 2025 17:00
Brokerages paid next to nothing for cash in accounts even after the Fed started raising rates.
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Santosh Kamath of Franklin Templeton MF is back with a new credit alternative investment fund The AIF will only lend to financial services companies and is targeting an internal rate of return of 11% to 14%.
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The Year That Hedge Funds Got Their Mojo Back

Wall Street Journal - 18 Jan 2025 12:30
In a year when everything seemed to go up, the industry generated some of its strongest returns in a decade. Was 2024 a real turning point?
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New Tax Regime: Why should you still opt for tax-saving instruments such as PPF, NPS, NSC? Income Tax: The new tax regime has made traditional tax-saving investments like PPF and NSC less appealing, encouraging diversification into higher-return options. However, some experts still consider these instruments r...
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High FD rates: THESE 10 banks offer over 8% interest on fixed deposits | Check latest rates here Fixed deposits are ideal for risk-averse investors, with some banks offering over 8% interest. Northeast Small Bank tops the list at 9%. 
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Provident fund transfer: EPFO relaxes norms, no need to route PF switch through present, former employers| Details EPFO has done away with the requirement to route the provident fund transfer process through previous and current employers, making it simple for employees changing jobs.  
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8th pay commission: What is it? Beneficiaries, salary hike for govt employees & more | All details here The Cabinet has approved the formation of the 8th Pay Commission to revise salaries of Central government employees and pensioners. The commission is expected to be implemented by January 1, 2026, benefiting nearly 50 la...
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