📰 Latest Economy & Stock Market News
Why SMEs need insurance cover to manage risks
Updated at : 2021-08-28 15:20:01

Every business should have working capital to sustain the functions of the company, pay its employees and grow in the market. Insurance helps in case of unprecedented financial risks and are usually mitigated with insurance coverage.

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Jan Dhan accounts rise to 43 cr, amount to deposits over Rs 1.46 lakh cr
Updated at : 2021-08-28 15:20:01

The number of total PMJDY accounts is 43.04 crore as of August 18, this year out which which 55.4% account holders were women, 66.6% holders from rural and semi urban areas, according to Finance Ministry.

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Bruce Berkowitz’s investing lessons to make above-average returns in stocks
Updated at : 2021-08-28 15:20:01

Berkowitz attributes his investing success to the very low price he is willing to pay for a given security, which he feels gives him a great chance of making money in the long run. He aims to buy stocks at cheaper prices to obtain a margin of safety and then waits for the market’s perceptions of a beaten-down stock to change. He then decides whether the stock is crucial to the economy or not.

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ASDC, Hero MotoCorp join hands to bridge digital skill gap at auto dealerships
Updated at : 2021-08-28 14:20:01

Hero MotoCorp Head of Sales and After Sales Naveen Chauhan noted that through this strategic partnership, the company would work with ASDC to upskill and reskill the workforce in the automotive industry.

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Automobiles restrain US consumer spending, monthly inflation slowing
Updated at : 2021-08-28 13:20:01

Spending on services rose 1.0%, a broad increase led by food services and accommodations. Outlays on services last month were 1% above their February 2020 level. Healthcare, transportation and recreation are yet to recoup their pandemic losses.

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Manchester United’s Ronaldo reunion sends stock price higher
Updated at : 2021-08-28 13:20:01

Manchester United jumped 5.8% in New York trading to close at $18.29 Friday after the club confirmed a deal with Juventus Football Club S.p.A for Ronaldo’s transfer pending agreement of personal terms, visa and medical. Shares of the Italian football club rose 1.2% Friday.

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Most used blockchain averts crisis after software flaw is fixed
Updated at : 2021-08-28 13:20:01

About half of the Ethereum ecosystem split into a separate chain after a bug in the Go Ethereum, or Geth, software effected users who hadn’t implemented an update meant to fix the mistake, said Maddie Kennedy, a spokesperson at the cryptocurrency research firm, Chainalysis.

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Stocks in Powell’s thrall can see a taper without much tantrum
Updated at : 2021-08-28 13:20:01

Powell did just enough to preserve the view that his goals align with investors’: growth that is fast enough to boost hiring and earnings but not inflation, and an approach to stimulus that avoids shocks and leaves actual interest rates alone. While other Fed speakers sowed angst with hawkish pronouncements in recent days, Powell’s messaging defused the tension.

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Polarisation under way on Dalal Street; tread with caution!
Updated at : 2021-08-28 12:20:01

The question doing the rounds since the past couple of weeks is ‘are the markets at the top of their cycle?’ The fact that people have turned weary and the broader indices have reacted accordingly imply that there are no indications of a top as of now.

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Debunking conventional wisdom: Are you really chasing ‘beta’ or ‘alpha’?
Updated at : 2021-08-28 12:20:01

Over any 12-month period, equities have historically, on an average, outperformed bonds 60-70% of the time. Therefore, it makes sense that the consensus is for equities to outperform in the coming 12 months – probabilistically this has been the most likely outcome.

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