Tesla Inc plunged 18.3% and was set for its worst day in nearly six months after the electric-car maker was excluded from a group of companies being added to the S&P 500.Still, market participants said they did not expect a prolonged sell-off against the backdrop of an accommodative monetary policy by the Federal Reserve, which last week indicated a higher toleration for inflation rising above 2%. … [Read more...] about Slump in Tesla, Apple hits Wall Street as tech rout deepens
Gold fund of funds: These are open-ended mutual funds primarily investing in gold ETFs. Just like other mutual funds, gold schemes can be purchased and redeemed at NAVs and can also be invested in through the SIP/STP modes. Gold funds have higher liquidity than other modes of gold investment, as they can be redeemed directly from the fund houses on any business day. Higher liquidity, along with the availability of SIP/STP/SWP in gold funds, also allows higher flexibility to their investors in implementing their asset allocation strategy. … [Read more...] about What’s the best way to invest in gold now?
The International Hockey Federation and the Indian Olympic Association president Narinder Batra welcomed this initiative by the government, appreciating its efforts in upgrading the stadiums before the upcoming World Cup. He further requested the government to set up high-performance centres for athletes so that we get more medals in Olympics. … [Read more...] about Boost to Indian hockey: Odisha government to sponsor national hockey teams
Gold steadied near a one-week high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due later in the day. … [Read more...] about Gold at one-week high as weak dollar supports; ECB meet in focus
The ECB stimulus effort comes as the Fed has shifted its 2% interest rate target to an average, meaning that it could maintain stimulus for a longer period by letting inflation run higher than the target. Both central banks have struggled to raise inflation to their goals. The ECB saw the inflation rate fall below zero in August with an annual figure of 0.2%, far from the bank’s goal of below but close to 2%. … [Read more...] about European Central Bank’s stimulus train to keep on rolling