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Market News

Location American Market News for 22 January 2023

Microsoft Faces the Highest Bar in Tech

Wall Street Journal - 22 Jan 2023 17:00
The company's plan to lay off 10,000 workers shows the pressure it is under from Wall Street to keep margins high.
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Individual investors' net purchases of a basket of eight popular tech stocks hit a recent peak in November, before dropping sharply through the end of the year. Buying has picked up slightly in the new year.
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Is Inflation Created By Corporate Greed? Evidence From The Current Egg-Flation Episode Advocates have petitioned the Federal Trade Commission to investigate the egg industry on charges of anti-competitive behavior, aimed at raising prices. The "Greed Theory" is a perennial favorite explanation for inflatio...
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Can NRIs pay advance tax on rental income?

livemint.com - 22 Jan 2023 18:32
Can NRIs pay advance tax on rental income? As per the provisions of section 195 of the Income Tax Act, the tenant, being the person responsible for payment of rental income, is required to deduct taxes at the prescribed rates and deposit with the tax authorities ...
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How a non-compete clause pushed Roongta to focus on RIA practice Harsh Roongta says he fell in love with the RIA profession after exiting apnapaisa.com, the company he founded
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7 golden tips to maximize ELSS fund returns

livemint.com - 22 Jan 2023 16:06
7 golden tips to maximize ELSS fund returns However, out of all of these instruments, the Equity Linked Savings Scheme (ELSS) is the most well-known because it has the shortest lock-in period of 3 years--and has a track record of producing better returns over the ...
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Employment Remains Strong And Inflation Is Receding In Spite Of Recession Fears - Why We're Getting Mixed Signals Believe it or not, the stats on the American economy aren't half bad. Even inflation is starting to ebb. But if everything's good, why do things feel so scary?
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IMF Chief Predicts A Recession For Developing Countries In 2023 Buckle up. The global economy is likely to be worse in 2023 than it was in 2022. Here's why and how it might impact your investments over the next year.
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The First ETF Launched 30 Years Ago, Revolutionizing Investing

Wall Street Journal - 22 Jan 2023 15:00
The SPDR S&P 500 ETF Trust gave investors the ability to buy and sell hundreds of stocks through a single, publicly traded share for the first time.
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Homeowners Struggle to Get Pandemic Aid Against Foreclosures

Wall Street Journal - 22 Jan 2023 12:30
The federal government allocated funds for distressed homeowners as part of its efforts to help Americans cope with the pandemic's financial strains. The money moved slowly.
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