The FinTech Hub
Source: Live Mint Budget 2023 introduced a 10% tax deducted at source (TDS) on coupon payments from listed bonds. While the intention was to ensure tax compliance, it created unforeseen complications for individuals—especially small investors and retirees who rely on predictable coupon income. TDS is a system that collects tax at the source of income…
Source: Live Mint Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies. Nvidia stock crashed over 17 per cent. Among the Big Tech stocks, Microsoft, Meta Platforms and Google-parent Alphabet lost between 2.2 per…
Source: Live Mint Wall Street in the week ahead will witness plenty of economic data, but major focus of investors will on the US Federal Reserve’s monetary policy. The us central bank will release its interest rate decision, the first of year 2025, on Wednesday. After three straight rate cuts last year, the Fed is…
Source: Live Mint Major US stock indices were muted on Friday, with investors staying cautious ahead of economic data. At the open, the Dow Jones Industrial Average fell 31.3 points, or 0.07%, to 44,533.75. The S&P 500 rose 2.7 points, or 0.04%, to 6,121.43, while the Nasdaq Composite rose 33.4 points, or 0.17%, to 20,087.105….
Source: Live Mint US stock indices moved in opposite directions on Thursday, as investors focused on corporate earnings and awaited President Donald Trump’s address to World Economic Forum (WEF) in Davos. At 09:49 a.m. ET the Dow Jones Industrial Average rose 77.68 points, or 0.18 per cent, to 44,234.41, the S&P 500 lost 3.29 points, or 0.05…
Source: Live Mint US stock indices opened higher on Tuesday, as investors’ focus shifts on President Donald Trump’s executive orders on energy and immigration, while awaiting his trade policy. At the opening bell, the Dow Jones Industrial Average rose 40.8 points, or 0.09%, to 43,528.65. The S&P 500 rose 17.5 points, or 0.29%, to 6,014.12,…
Source: Live Mint The stock markets in the United States are closed on Monday, January 20, on account of Martin Luther King Jr. Day holiday. Every year on Martin Luther King Jr. Day, the US government is closed and people across the nation take part in a day of service. The US government shuts down…
Source: Live Mint On Wall Street, market participants will see the holiday-shortened but a busy week ahead. On Monday, markets will remain closed on account of Martin Luther King Jr. Day. As on Monday Donald Trump’s inauguration as US President is scheduled, investors will closely watch the executive orders of the new administration to be…
Source: Live Mint US stocks were drifting on Thursday after mixed earnings reports and economic data. Economic reports released on Thursday were mixed, with one report showing retail sales rising 0.4 per cent in December, while another showed that the jobless claims rose more than expected last week. At 9:54 am ET, the Dow Jones…
Source: Live Mint US stocks climbed on Wednesday after inflation data boosted investors’ hopes for interest rate cut by the Federal Reserve this year. Investors also cheered a strong set of quarterly results from the biggest US banks. At the opening bell, the Dow Jones Industrial Average rose 409.5 points, or 0.96%, to 42,927.76. The…
