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Mutual fund AUM, unique PANs double in 5 years as more investors chase higher returns

As of March 2023, 71.5 percent of household savings were allocated to physical assets, while 28.5 percent were invested in financial assets. Among financial savings, bank deposits and currency holdings have declined, whereas mutual funds, life insurance, and PPF investments have gained traction.

The mutual fund industry has seen rapid growth in the last five years with Assets Under Management (AUM) soaring to Rs 53.40 lakh crore in March 2024,

 » Read more about: Mutual fund AUM, unique PANs double in 5 years as more investors chase higher returns  »

Tesla (TSLA) Chair Offloads Over $33M Worth of EV Maker’s Stock

Tesla (TSLA) Chair Robyn Denholm has offloaded $33.7 million worth of the electric vehicle (EV) maker’s stock, according to a filing with the Securities and Exchange Commission (SEC) on Monday. This notable transaction by another Tesla insider follows the sale of about 75,000 TSLA shares worth $27.6 million by CEO Elon Musk’s brother and director,

 » Read more about: Tesla (TSLA) Chair Offloads Over $33M Worth of EV Maker’s Stock  »

Vendors Advertise Tariff-Free Products at Housewares Trade Show

In Chicago, worries about the new trade war popped up in conversations across the Inspired Home Show, where houseware companies selling Canadian-made cutting boards and Chinese-made glassware tried to lure new customers. A couple of vendors displayed signs advertising the fact that their products weren’t affected by Trump’s new tariffs.

Brian Horowitz,

 » Read more about: Vendors Advertise Tariff-Free Products at Housewares Trade Show  »

Nvidia and Super Micro Computer stock plunge as a new probe over China raises concerns about tighter scrutiny

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Nvidia (NVDA), Super Micro Computer (SMCI), and Dell (DELL) shares plunged Monday after Singapore said it’s investigating whether servers shipped to Malaysia containing chips barred from China ended up in the mainland.

Police in the city-state arrested several people for their alleged roles in procuring and shipping Nvidia chips in violation of American sanctions,

 » Read more about: Nvidia and Super Micro Computer stock plunge as a new probe over China raises concerns about tighter scrutiny  »

Nvidia (NVDA) Stock Falls 9% to Close at Lowest Level in Six Months

The stock of chipmaker Nvidia (NVDA) declined 9% on March 3 to finish trading at its lowest level in six months and erasing $265 billion from the company’s market capitalization.

Discover the Best Stocks and Maximize Your Portfolio:

The selloff in NVDA stock accelerated throughout the day as U.S.

 » Read more about: Nvidia (NVDA) Stock Falls 9% to Close at Lowest Level in Six Months  »

Tech Sector Hammered As Trump's Tariff Plans Spark Market Selloff: Nvidia, ARM, Super Micro Lead Tech Bloodbath

U.S. markets suffered a steep selloff Monday as President Donald Trump announced sweeping new tariffs, extending last week’s losses and driving declines across all major sectors.

What Happened: The S&P 500 tracked by The SPDR S&P 500 (NYSE: SPY) closed at 5,849.72,

 » Read more about: Tech Sector Hammered As Trump's Tariff Plans Spark Market Selloff: Nvidia, ARM, Super Micro Lead Tech Bloodbath  »

Asian shares fall after Wall St retreats on fears over hit to the US economy from Trump’s tariffs

BANGKOK (AP) — Shares opened lower Tuesday in Asia after U.S. stocks fell sharply just ahead of a new round of higher tariffs imposed by U.S. President Donald Trump.

Tariffs of 25% on Canada and Mexico were due to take effect early Tuesday. An extra 10% tariff is being imposed on China.

 » Read more about: Asian shares fall after Wall St retreats on fears over hit to the US economy from Trump’s tariffs  »

US real GDP at risk of 1% hit 'over several quarters' due to retaliatory tariffs, says Citi economist

“The US GDP could fall 1% over next few quarters if the tariffs persist and trading partners levy retaliatory tariffs,” Sockin said, pointing at the potential hit on American economy due to the fresh round of tariffs coming into effect.

A top Citi economist is projecting a one percent hit on US real GDP if retaliatory tariffs follow and get enforced,

 » Read more about: US real GDP at risk of 1% hit 'over several quarters' due to retaliatory tariffs, says Citi economist  »

Should Canada become 51st US State? Trump’s controversial statement fact-checked

Montreal: US President Donald Trump has defended his proposed tariffs on Canadian goods, arguing they are necessary to address issues related to migrants and drug trafficking at the northern border. He has also described cross-border trade as a US subsidy and suggested that Canada would not be “viable as a country” without economic ties to the United States.

 » Read more about: Should Canada become 51st US State? Trump’s controversial statement fact-checked  »

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