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Market News

Location American Market News for 30 March 2023
The Fed Raised Rates But The Economy Is Cooling: Understanding The Current Macro Situation Why did the Fed continue to raise rates? What's the state of the economy? And will real estate suffer from it?
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How can I benefit from DTAA to avoid double taxation in India? In case you are determined to be a non-resident or resident but not ordinarily resident in India, you will have to pay tax on income that accrues or arises in India or incomes that are received or deemed to be received i...
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Turkey Epitomizes the West's Russia Sanctions Dilemma

Wall Street Journal - 30 Mar 2023 14:43
As Turkey struggles with extreme inflation and the earthquake aftermath, Russia has emerged as a vital trading partner.
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Fed, Treasury Fine Wells Fargo for Sanctions Violations

Wall Street Journal - 30 Mar 2023 21:00
The $97.8 million fine is for violating U.S. sanctions by allowing a foreign bank to make prohibited transactions.
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Wall Street Bonuses Fall by Most Since 2008

Wall Street Journal - 30 Mar 2023 20:15
The average bonus was $176,000 last year, down 26% from 2021.
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White House Calls for Tougher Midsize Bank Rules

Wall Street Journal - 30 Mar 2023 19:45
The changes would apply to banks with $100 billion to $250 billion in assets.
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FTX Founder Sam Bankman-Fried Denies New Charges

Wall Street Journal - 30 Mar 2023 19:44
A lawyer also said he plans to challenge the new criminal counts, arguing they violate the terms of the former chief executive's extradition.
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Why I will still continue to invest in certain categories of debt funds Investing in target maturity funds is a smart way of reducing the tax impact
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How health insurance saved them from financial ruin

livemint.com - 30 Mar 2023 19:25
How health insurance saved them from financial ruin Besides a health policy, people also need emergency corpus, top-ups and critical illness cover
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SBI gives 30-55 bps concession on various home loan rates, first disbursement to be done by 31 Mar SBI gives 30 bps to as maximum as 55 bps concession on home loan rates either regular, top-up, or loan against property. These concessions are offered under SBI's campaign rates offer. The first disbursement will be done...
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Still Desperately Seeking Workers

Wall Street Journal - 30 Mar 2023 17:35
Even banking woes might not detract much from businesses' still-heady demand for workers.
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Want to invest ₹5 lakh now? Which mutual funds should you pick? According to the current SEBI Mutual Fund Regulations in India, an equity mutual fund scheme must invest at least 65% of its assets in equity-related stocks and securities.
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This 8% Dividend Will Bounce With The Big Banks The Federal Reserve tightened until it broke something: the small banks. Classic Fed!
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Green-Energy Winners and Casualties Are Becoming Easier to Spot

Wall Street Journal - 30 Mar 2023 15:58
The European Union just moved an important step closer to turning its climate ambitions into law. The impact will be felt well beyond the energy industry.
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Senior citizens vs super senior citizens: Income tax benefits compared There is no difference between the tax rates for Senior citizens (60-80 years of age) and Super senior citizens (80+ years) in the old tax regime.
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Dow Jumps 200 Points As Lack Of 'Drama' Spurs Gains "To say a lot has transpired in the markets over the past three weeks would be an understatement," said Sevens Report analyst Tom Essaye.
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EVgo's revenue surged over 283% from a year ago as a new initiative to provide chargers for businesses boomed.
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As Elon Musk Calls For A 'Pause' On AI Development, Will The AI Wars Reach A Temporary Truce? Elon Musk is not pulling punches when it comes to AI development.
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Coal Prices Tumble While Use of Renewables Leaps Ahead

Wall Street Journal - 30 Mar 2023 15:00
Warm winter weather allowed coal to pile up at power plants, alleviating shortages.
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The CFTC said the exchange allowed U.S.-based trading firms to access its international derivatives market, circumventing a ban on Americans.
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Four Bankers Convicted in Case of Putin's Cellist Friend

Wall Street Journal - 30 Mar 2023 13:32
The bankers, three Russian-born and one Swiss, were charged with breaking Swiss anti-money-laundering law, which they denied.
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Ralph Lauren's Stock Up 27% Over Last Six Months. What's Next? After a 27% increase over the last six months, at the current price of around $113 per share, we believe Ralph Lauren's stock (NYSE: RL), could see a further rise.
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