Since the financial crisis, the credibility of Wall Street has taken a beating. These days MBA graduates are as likely to work at socially minded start-ups as mega-banks. And day trading isn’t quite the popular sport it was in the helter-skelter days of the 1990s. Helping the planet is cool. Making unthinkingly large amounts of money is not. advertisement advertisement In this context, you can see why Vladimir Tenev and Baiju Bhatt named their new stock-trading business Robinhood, after the English folk hero who stole from the rich and gave to the poor. It strikes the right anti-establishment, post-crisis vibe, even if Tenev and Bhatt aren’t exactly manning the barricades. Their business, after all, still involves trading in public companies and all the moral messiness that implies. Still, several things differentiate Robinhood from E-Trade, Charles Schwab, and other incumbents. For one, it costs nothing to make a trade on their platform, while those other … [Read more...] about This App Wants To Take Stock Trading Away From Fat Cats And Put It In Your Hands
Retail environment changes
Mutual fund schemes witnessed a steady inflow in August even as the broader market sentiment remained sombre amid concerns over the macro-environment and earnings revival.Total assets under management (AUM) of the mutual fund industry increased by 3.8 percent month-on-month (MoM) to Rs25,50,000 crore, mainly led by inflows in liquid and equity-oriented schemes.Inflows in equity schemes, including ELSS and arbitrage, went up from Rs 14,000 crore in July to Rs 15,100 crore in August, the highest since February 2018, led by a decline in redemptions (down 26 percent MoM at Rs 12,000 crore), even as gross sales were down 10 percent MoM to Rs 27,100 crore, said a recent report from Motilal Oswal FinancialServices.Close Highest net buying on MoM basis was witnessed in Eicher Motors, followed by Yes Bank, Adani Ports, UltraTech Cement and Reliance Industries, in that order. related news Brokerages bullish on ICICI Bank, see 20% further upside despite rallying 44% in last 9 months … [Read more...] about Top 17 Nifty stocks in which MF schemes have over 2% exposure; should you buy?
Even though recreational marijuana is now legal in multiple U.S. states, starting a dispensary is incredibly difficult. Most banks still won’t work with marijuana-related businesses, and the paperwork required to start a shop is onerous, to say the least. advertisement advertisement Now a company called Medbox is making a business of dealing with the bureaucratic and design work required to start a dispensary–and then partnering with others to open them. Medbox is, in other words, something of a marijuana dispensary factory, churning out custom-made storefronts for anyone interested in getting in on the weed revolution (and with retail cannabis sales expected to rise from at least $2.2 in 2014 to up to $8.2 billion in 2018, it really is a revolution). The company’s latest dispensary: Stem, a 3,000-square-foot storefront in Portland, Oregon, where recreational marijuana is newly legal. Medbox, which is now led by Guy Marsala, a former Army captain who has … [Read more...] about Attention, Marijuana Entrepreneurs: This Company Will Launch Your Dispensary For You
The insurance drone skims above the roadway, humming softly as it tracks your car. Multiple failed login attempts caused by an out-of-date token have prevented the vehicle from downloading a firmware update to its stabilization system. The vehicle broadcast this to all connected stakeholders, so now the drone is watching for unexpected guidance problems. It mainly serves to add a bit more to the evidence stack in case there’s an accident. The car is sending detailed analytics that show problems immediately, and if it posed a risk, the highway’s control system would know and quickly pull the car from the road. advertisement advertisement And now the other cars know too. They’re all connected by a wireless mesh net, exchanging data and using an array of sensors to continuously map their surroundings. They move a bit further away in their lanes, their guidance systems heightened to run the probabilities of your vehicle maintaining trajectory, slowing down, or … [Read more...] about Inside The Near-Future World Where All Our Data And Machines Are In Constant Communication
All eyes are set on the underway meeting of the Federal Open Markets Committee (FOMC) of the US Federal Reserve which concludes on September 18.Even though the US Fed is broadly expected to announce a rate cut of at least 25 basis point to prop up slowing economic growth, the market is assessing the possibility of any surprise, thanks to cooling fears of a recession and signs of improvement in the macroeconomic environment of the US.Moreover, the recent comments of Fed officials have shown their dissenting views over the state of the US economy which has raised curiosity for the rate cut decision.Close However, analysts are still convinced that the Fed will go for a rate cut. related news Wall Street ends choppy day higher; tech helps, Brexit weighs [email protected] | Roundup of key happenings in the market [email protected] | Roundup of key happenings in the market "There is a good indication of a rate cut. There is slowdown in the major economies across the … [Read more...] about Will US Fed cut rates? How important is it for Indian market?