Tag Archives: What

What the Heck is Happening at Your Bank These Days?

If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit branches at least occasionally, according to a March 2016 Federal ... Read More »

What changed for the market ahead of Budget Day? 10 things you should not miss

The Nifty, which started on a muted note, recouped losses but failed to hold on to gains and closed near its opening levels forming an indecisive Doji kind of pattern on the daily candlestick charts. The Nifty50 which opened at 11,018 rose to an intraday high of 11,058 which made a small upper shadow, but bears quickly took control and ... Read More »

China’s new consumption-driven economy isn’t what it seems

Are Chinese consumers really spending heavily? Data suggests it is the rich who are consuming, not the masses. (Photo by Akira Kodaka) BEIJING — China’s transition to an economy driven by consumption, rather than investment, is complete — at least according to the National Bureau of Statistics. Mao Shengyong, a bureau spokesman, on Dec. 14 told reporters that while investment ... Read More »

Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

The Finance Ministry in a series of tweets earlier this week clarified that rights of depositors will not be compromised by the Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill, expected to be tabled in the Parliament in the upcoming winter session. The ministry said that “besides providing similar protection /guarantee of Rs.1 lakh to depositors,as it exists today, the ... Read More »

Deere, claims, minutes — What you need to know in markets on Wednesday

The last full trading day of the week will bring investors a light earnings schedule and three economic data points worth tracking. In the morning, earnings from Deere & Co. (DE) will be the main corporate highlight, with the economic schedule bringing investors the weekly report on initial jobless claims, the University of Michigan’s latest report on consumer sentiment, while ... Read More »

What changed for the market while you were sleeping? 15 things you should know

The Nifty could see a subdued opening, largely tracking the trends on the SGX Nifty, but global markets’ move could keep the Street on its feet. Frontline indices witnessed a major correction on Friday, with the Nifty closing 157.50 points lower at 9,964.4. The 50-share index, which started with a gap on the lower side, witnessed sustained selling pressure from ... Read More »

What changed for the market while you were sleeping? 15 things you should know

The Nifty50 which started on a flat note gained momentum but remained volatile throughout the trade on Thursday and closed with marginal gains. The index remained choppy for the most part of the trading session and finally closed with the marginal gains of 7 points at 10,086.60. It rose marginally to 10,126.50 but then witnessed selling pressure which took the ... Read More »

I’m a financial planner — here’s what I tell people who ask if they’re saving enough money

sunglasses thinking happy future More (Once you start moving, it’s easier to keep going.Flickr/normalsanik) Savings advice can sometimes seem like satire. Start early. Save 15% of your income. Make sure it’s your pretax income. Do it for 40 years. Cross your fingers. Click your heels. But in the real world, that’s not how it works for most people. As a financial ... Read More »

What is a domestic systemically important bank

Last week, the Reserve Bank of India (RBI) declared HDFC Bank Ltd to be a domestic systemically important bank (D-SIB). The other two such banks are State Bank of India (SBI) and ICICI Bank Ltd. What is it? D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their ... Read More »

What Areas Of The Market Go Up During A Hurricane?

CARIBBEAN SEA – SEPTEMBER 7: In this NOAA handout image, NOAA’s GOES satellite shows Hurricane Irma as it moves towards the Florida Coast in the Caribbean Sea taken at 03:30 UTC on September 07, 2017. The state of Florida is in the track of where the hurricane may make landfall. (Photo by NOAA GOES Project via Getty Images) Hurricane Irma’s ... Read More »