Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Johannessen-Koppitz | Bloomberg | Getty Images The second…
What is a Fund of Funds or FoF?
A Fund of Funds or FoF invests in mutual fund schemes. A regular mutual fund scheme or fund collects money from investors and invest the money in stocks or debt based on its mandate. A…
JPMorgan, Bank of America, Citi and Goldman maintain…
Nearly all of the largest U.S. banks said Monday that they performed well enough on the Federal Reserve's most-recent stress test to maintain their current quarterly dividend.Goldman Sachs, Bank of America, Morgan Stanley, JPMorgan Chase…
PPF, NSC and other post office schemes interest…
There is some good news for fixed income investors: the government has decided to keep the interest rates on small savings schemes or post office schemes unchanged for the July-September quarter of FY 2020-21. The…
Amazon’s AWS establishes new aerospace cloud unit as…
The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018.Ivan Alvarado | ReutersAmazon Web Services, the cloud-computing…
The curious case of stock rallies after investor…
Mumbai: Is there a strengthening co-relation between companies’ investor meets and the performance of their share prices? It may be a soft indicator for now but a study of the performance of shares around the…
Wells Fargo says it expects to cut dividend…
People walk by a Wells Fargo bank branch on October 13, 2017 in New York City.Spencer Platt | Getty ImagesWells Fargo warned on Monday that it will likely cut its dividend after the Federal Reserve…
Is it time to move money from savings…
Financial planner: Santosh Joseph, Founder, Germinate Wealth Solutions, a financial planning firm, based in Bangaluru. Questions asked by his clients: 1. Since banks are cutting interest rate, should we move our savings to liquid or…
Chesapeake Energy, a pioneer in the U.S. shale…
A worker on a Chesapeake Energy natural gas rig in Fort Worth, TexasMatt Nager | Bloomberg | Getty ImagesChesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The…