2020 Financial News

Stocks in the U.S., Japan and Germany have risen 20% or more

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021

BSE Sensex over a five-year period. Note the outperformance of the NASADAQ. Now, if I took a 10-year time frame the outperformance almost goes away.

systematic investment plans (SIPs) reached an all-time high in November 2023 as it touched ₹17,073 crore. By no means, it was an aberration. Interestingly, in each of the past five months starting July 2023, the previous record of SIP inflows in mutual funds was broken in the following month.

Financial Times, PM Modi said, "If someone gives us any information, we would definitely look into it". The Prime Minister added, "If a citizen of ours has done anything good or bad, we are ready to look into it. Our commitment is to the rule of law".

Coforge Ltd, part of the IT industry, breaks out from an inverted Head & Shoulder pattern on the weekly charts which has opened room for the stock to head towards 7000 levels, suggest experts. The stock rose by about 10% in a week which helped the stock to break out from an Inverse Head & Shoulder pattern on the weekly charts. The neckline of the pattern was placed around 6100 levels. After breaching the neckline of the inverse head & shoulder pattern earlier in December placed at 6100 levels the stock hit a fresh record high of Rs 6528 on 19th December 2023. The stock has been in an uptrend after hitting a low above 4700 levels in October 2023.

Donald Trump disqualified from 2024 ballot in Colorado, says court "A majority of the court holds that former President Trump is disqualified from holding the office of President under Section Three of the Fourteenth Amendment to the United States Constitution," the court wrote. Vivek Ramaswamy withdraws from Colorado ballot following Donald Trump's removal It is the first time in history that the court used Section 3 of the 14th Amendment to disqualify a presidential candidate. However, the Colorado court stayed the decision to allow Donald Trump to appeal, which his campaign said he plans to do.

Exencial Wealth Advisors, an independent wealth management firm and fiduciary, has acquired Weinheimer Wealth Management, a boutique wealth management services firm based in Austin, Texas.

A divided Colorado Supreme Court on Tuesday declared former president Donald Trump ineligible for the White House under the U.S. Constitution’s insurrection clause and removed him from the state’s presidential primary ballot, setting up a likely showdown in the nation’s highest court to decide whether the front-runner for the GOP nomination can remain in the race.

Colorado Supreme Court on Tuesday declared former President Donald Trump ineligible for the White House under the U.S. Constitution's insurrection clause and removed him from the state's presidential primary ballot, setting up a likely showdown in the nation's highest court to decide whether the front-runner for the GOP nomination can remain in the race. The decision from a court whose justices were all appointed by Democratic governors marks the first time in history that Section 3 of the 14th Amendment has been used to disqualify a presidential candidate.

Central Board of Secondary Education (CBSE) has withdrawn its affiliation from as many as 25 government schools in ethnic violence ravaged Manipur. The CBSE following the request of the schools has recently given its affiliation to 25 schools mostly in hill districts. Joint Secretary Education (School), Manipur Anjali Chongtham on Tuesday said that the CBSE has withdrawn the affiliation, which was recently granted to the 25 schools on the ground that the NOC (No Objection Certificate) submitted by these schools has not been issued by the authorised functionaries of the state government and for cancellation of affiliation as requested by the state government by its letter on December 15. “....it is also clarified that necessary action will be initiated against those responsible for flouting rules and regulations of the state government or of CBSE.

By David Shepardson and Valerie Insinna

Embassy Office Parks Reit for an estimated ₹6,931.5 crore, or $833 million, through a block deal on Wednesday. As per the deal terms reviewed by Mint, the sale has a floor price of ₹310 per share, representing a discount of approximately 7.7% compared to Embassy Office Parks’ Tuesday closing price of ₹335.75 on the NSE. This marks a significant exit for Blackstone, which had been a key investor in Embassy Office Parks Reit since its initial public offering (IPO) in 2019.

NEW DELHI : Two-wheeler sales are speeding again. At least that’s what production data and retail sales in the festive months of September, October and November show. Does it mean the segment, hurt by income disruptions during covid, is back on its feet? Mint explains.

A recent warning by YahooFinance warns investors to sell their cash and buy bonds and stocks now as the Fed pauses.To wit:

Apple is temporarily ceasing sales of two recently released smartwatch models, the Apple Watch Series 9 and Apple Watch Ultra 2, in the U.S. The discontinuation is a response to a ruling by the U.S. International Trade Commission, which found that Apple's blood oxygen feature infringed on the patent rights of medical technology company Masimo. The removal of these devices from Apple's website is scheduled for 3 p.m. ET Thursday, and they will no longer be available in Apple retail stores after Sunday. Apple plans to challenge the decision, expressing concern about the potential impact on users relying on the watches' safety and health features.

Big investment firms that have shunned retail real estate for years are giving the sector a fresh look, the latest sign that this long beleaguered property type is on the mend. Institutional buyers are snapping up grocery stores, pharmacies and other recession-resilient stores.

Jonathan Majors' recent legal troubles have created shockwaves in the Marvel Cinematic Universe following his dismissal by the brand on Monday. The actor, known for his roles in «Loki» and «Ant-Man and the Wasp: Quantumania» as Kang/He Who Must Remain and Victor Timely, was terminated by Marvel Studios following a guilty verdict from a New York jury for assaulting and harassing his ex-girlfriend.

Inflation has given millions of people new access to certain investments earmarked for the wealthy — and consumer advocates argue that's not a good thing.

A vehicle used to track longer-dated U.S. government bonds surged into a bull market, as investors seek to end three years of pain on the Federal Reserve’s willingness to consider interest-rate cuts.

Apple Inc. will stop selling the latest versions of its smartwatch in the U.S. due to a patent dispute, taking some of its best-selling devices off the market during the busy holiday season.