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Exchange-traded funds come in many shapes and sizes. Some are plain vanilla, diversified index funds that let you invest in the entire stock and bond markets, and are excellent core holdings for the great majority of people. Then there are the quirky, narrowly focused ETFs like the Inverse Cramer Tracker, which enables you to bet against the stock picks of CNBC television host Jim Cramer. The fund is legal, approved by the Securities and Exchange Commission — and a money-loser since its inception last year. Betting against Jim Cramer just isn’t a great investing strategy. Neither is fear of missing out. Yet FOMO is the main reason for putting money into bitcoin, which remains highly speculative, difficult to categorize and without an immediately identifiable economic function. The SEC this month approved 11 new ETFs that track the price of bitcoin, and the decision has been heralded by promoters of bitcoin — and of the new funds — as an important event, legitimizing bitcoin as an asset class.

Federal Reserve won't start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market confidence in the idea of an earlier start to interest-rate cuts. On Friday, a widely watched measure of consumer sentiment rose to its highest level in 2-1/2 years, and Chicago Fed President Austan Goolsbee said the U.S. central bank won't commit itself to rate cuts until it is surer that inflation is on track to a healthy 2%. Futures contracts that settle to the Fed's policy rate fell, and now reflect about a 47% chance of a Fed rate cut by March, down from 55% earlier in the day. Just a week ago the probability of an interest-rate cut in March from the current range of 5.25%-5.5% was seen at nearly 80%, reflecting faster-than-expected declines in inflation.

Canada’s holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers.

dollar advanced on Friday and was poised for a weekly gain, as recent economic data and comments from Federal Reserve officials have cooled expectations of rapid cuts in interest rates. Economic data showed the University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 78.8 this month, the highest reading since July 2021, compared with 69.7 in December and the 70.0 estimate of economists polled by Reuters. «The doom and gloom crew is very vocal, especially among politicians,» said Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin. «Yet, businesses and individuals have been quietly plugging away, trying to make the best of their situations.

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banned onion exports after the imposition of a minimum export price of $800 per tonne did not serve the purpose of discouraging sales to overseas markets. Though the price of onion has eased in recent days the government is on watch to not let it increase due to the tightness in supply.

Also Read- Budget 2024 expectations: GJEPC advocates import duty cuts, licensing reforms for gems & jewellery sector BofA Securities said that between April and November in FY24, India used up 50.7% of the full-year budgeted fiscal deficit target, which compares well versus the median 75.9% of the total that gets exhausted during April and November usually BofA Securities said that even as total expenditure continued to trace the median run rate, the outperformance was led by higher than median revenue receipts. They see higher than budgeted tax and non-tax revenue to more than offset- the potential shortfall in divestment proceeds, higher than budgeted subsidy bill, modestly higher interest expense and other revenue expenditure. BofA said that the concerns surrounding fiscal slippage in an election year are understandable.

Yesterday was a good day for bulls and I wish it was banked today rather than yesterday so that weekly candlesticks had a good finish.

Indian Space Research Organisation's (ISRO) Vikram lander on the lunar surface, NASA said in a press release. The ISRO said on Friday that an instrument on the Chandrayaan-3 lander has started serving as a location marker near the lunar south pole.

The Nifty Healthcare index is a sectoral index on the NSE that captures the behavior and performance of healthcare companies in the Indian economy on a real-time basis. It is constituted of 20 stocks that are listed on the NSE and are involved with the health and wellness industry. These include pharmaceuticals, hospitals, diagnostics, medical equipment, biotechnology, and other allied services.

income tax return) verification done through OTP on foreign mobile numbers, says Deepashree Shetty, Partner, Tax & Regulatory Services, BDO India, while sharing her expectations from the interim Budget 2024. In an email interview with MintGenie, she alsotalks about the need to provide allowance for expenses related to electric vehicles. Her other Budget expectations include raising the amount of standard deduction from current ₹50,000 to ₹65,000.

medical insurance policy year after year. Those policyholders who bought their insurance policy four to five years ago should make sure that the sum assured of their policy is in tune with growing inflation and rising medical costs. There are several ways to expand your sum assured.

PM Modi gets emotional discussing PMAY-Urban houses completion in Maharashtra PM Modi is in Maharashtra's Solapur today where he laid he foundation stone of 8 AMRUT (Atal Mission for Rejuvenation and Urban Transformation) projects worth around ₹2,000 crore in the state. He kickstarted the distribution of 1st and 2nd installments to 10,000 beneficiaries of PM-SVANIDHI in the state during the programme.

Investing.com — The U.S. dollar edged lower in early European trading Friday, but was on track for a second consecutive weekly gain on renewed doubts over early rate cuts by the Federal Reserve, while weak retail sales hit sterling.

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

trading volume and margin, analysts said, if more investors dabble in bitcoin from the safety of cheap exchange trade funds tracking its spot price. It will also impact Coinbase's trading commissions and spreads — the difference between the bid and ask price, J.P. Morgan analyst Kenneth Worthington said.

Investing.com-- Most Asian stocks rose on Friday as a positive, AI-fuelled outlook from TSMC spurred a rebound in the technology sector, although weakness in China and uncertainty over interest rates put most bourses on course for a weekly loss.

By Yuka Obayashi

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

Narendra Modi's leadership. At age 41, the renowned Hollywood actress and singer has garnered significant attention in India. She is particularly known for her performances of the Indian national anthem and a well-known Hindu hymn.

By Suzanne McGee