The FinTech Hub
Source: Live Mint (Bloomberg) — US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to a presidential election that remains too close to call. The yield on 10-year Treasuries rose three basis points to 4.31%, nearing a three-month high, with strategists and investors warning…
Source: Live Mint US stocks were mixed on Monday ahead of Tuesday’s presidential election and Federal Reserve’s expected rate cut decision later in the week. As of 1:57 pm Eastern time, the S&P 500 was slipping 0.1 per cent. The Dow Jones Industrial Average was down 0.5 per cent, and the Nasdaq Composite was 0.1…
Source: Live Mint As Wall Street is bracing for the US presidential election on Tuesday (November 5), market participants will keenly watch its outcome and the Federal Reserve’s monetary policy decision in the week ahead. According to several reports, Democrat candidate & US Vice President Kamala Harris and Republican opponent & former president Donald Trump…
Source: Live Mint There is a fundamental difference between financial investment products and other conventional products we consume. Investments have no ‘product’ with a look and feel. You are sacrificing your current consumption, expecting to get back a higher amount in future. An investment ‘product’ is created by a manufacturer through the brochure/other literature, and…
Source: Live Mint I want to invest in government bonds. Are those tax-free? What plans are available for tax-free interest? I want to invest for 7 -10 years. The government of India has not issued any new tax-free bonds for quite some time, but you can buy some of the tax-free government bonds issued in…
Source: Live Mint US stocks were mixed on Wednesday after data showed the economy maintained a solid pace of growth in the third quarter. At the opening bell, the Dow Jones Industrial Average rose 16.8 points, or 0.04%, to 42249.81. The S&P 500 fell 0.3 points to 5832.65, while the Nasdaq Composite rose 18.9 points,…
Source: Live Mint US stocks edged lower on Tuesday as investors assessed a host of mixed earnings, while Treasury yields gained. At the opening bell, the Dow Jones Industrial Average fell 177.91 points, or 0.42%, to 42,209.66. The S&P 500 fell 7.34 points, or 0.13%, to 5,816.18, while the Nasdaq Composite rose 8.9 points, or…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
Source: Live Mint Wall Street stocks climbed on Monday ahead of Big Tech earnings and the final phase before the November 5 US presidential election. As of 10 am Eastern time, the Dow Jones Industrial Average rose 298.63 points, or 0.71 per cent, to 42,413.03, the S&P 500 gained 27.49 points, or 0.47 per cent,…
Source: Live Mint Wall Street in the week ahead will see plenty of economic data and earnings reports from five megacap companies. On the economic front, investors will closely monitor US Q3 GDP numbers, the Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures price index, and jobs report. Next week, stocks of five megacap…
