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Market News

Location American Market News for 31 March 2022

Hospital Deal Gone Bust Puts Real-Estate Firm in Spotlight

Wall Street Journal - 31 Mar 2022 15:41
The failure of a California city's only hospital sets off a scramble to raise as much as $70 million to keep it open.
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Cruise Lines Won't Catch a Wave

Wall Street Journal - 31 Mar 2022 12:30
Optimism in the cruise industry right now requires a life jacket.
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Staff guidance aims to create consistency in accounting for crypto assets held by trading platforms.
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ITR filing last day today: Check these last minute detail The income tax department has also reminded us that today is also the last date for linking Aadhaar with PAN. .Taxpayers need to link Aadhaar with PAN in order to avoid penalty up to ₹1,000.
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This is how cryptocurrency assets will be taxed from April 1 in India. 10 points Cryptocurrency assets will be taxed from April 1: This taxation would certainly impact post-tax returns of cryptocurrency transactions
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U.S. Probes Meeting Between Activision CEO and Option Buyer

Wall Street Journal - 31 Mar 2022 22:50
Authorities are looking into at least one meeting between Bobby Kotick, the chief of the videogame firm, and one of three traders who made a timely options trade just before a merger announcement.
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People's Choice Offers Internet Cheaper Than Tapwater A new option for cheaper internet for New York City residents is on its way.
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Stocks Just Posted Worst Quarter Since Covid Market Crash--But Buffett's New Favorite Sector Logged 'Meteoric Ascent' Legendary investor Warren Buffett plowed into this crop of formerly hard-hit stocks during their massively resurgent quarter.
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Taxation rules that crypto investors should follow

livemint.com - 31 Mar 2022 21:54
Taxation rules that crypto investors should follow Gains to be taxed at 30% with no provision for set-off and carry forward of losses from today
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U.S. Oil Release Could Have Been More Strategic

Wall Street Journal - 31 Mar 2022 19:41
A piecemeal approach to unleashing the SPR might have been a better way of tamping down oil prices.
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Strong Finish Can't Salvage Tough Quarter for Stocks

Wall Street Journal - 31 Mar 2022 19:34
Major indexes are on track for their worst quarterly performance in two years as individual stocks and other markets experience extreme moves amid inflation, rising rates and war in Ukraine.
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Updated tax return reduces hefty penalties

livemint.com - 31 Mar 2022 19:17
Updated tax return reduces hefty penalties One can use the updated return as an opportunity when a revised return could not be filed within the due date
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Things to keep in mind while splitting the PF accounts from 1 April One must understand the taxability of interest before reducing PF contribution
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Also: Answering a reader's question about pet insurance
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Inflation Could Create a Sticky Situation

Wall Street Journal - 31 Mar 2022 17:45
Headline inflation spurred by gas prices doesn't always create a sustained increase in prices, but it could this time.
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Bond Market Suffers Worst Quarter in Decades

Wall Street Journal - 31 Mar 2022 16:31
The rout has robbed investors of a traditional haven as stocks and many other markets swing sharply
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Public Provident Fund Account (PPF ): This is why you should make deposits before April 5 The account offers a 7.1% interest rate that is compounded yearly. Investment in PPF can begin at a minimum of ₹500 and maximum up to ₹1.5 lakh in a financial year. 
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Mortgages Rates Surge to Highest Since 2018

Wall Street Journal - 31 Mar 2022 16:02
The average rate for a 30-year fixed-rate loan jumped to 4.67%, Freddie Mac said Thursday.
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College-Related Tax Deductions or Credits: Are You Eligible?

Wall Street Journal - 31 Mar 2022 16:00
You might be, but the rules can get tricky. Here is a rundown.
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An Easy Way To Check For Bond Dividend Safety Hot inflation numbers and rising interest rates are weighing on bond prices.
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Edelweiss Housing Finance's ₹300 crore NCD issue to offer up to 9.70% interest The NCDs proposed to be issued under this issue have been rated AA- with a negative outlook by Crisil Ltd and AA with a negative outlook by Acuite Ratings
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OPEC Sticks to Production Plan Despite Elevated Oil Prices

Wall Street Journal - 31 Mar 2022 15:39
The cartel said there is nothing it can do to stop rising oil prices, as it decided again to stick with a Moscow-backed production plan that has done nothing to tame the market during the Ukraine war.
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