Gifting mutual fund units
Many investors hold mutual fund units in Statement of Account (SoA) format instead of demat and are unsure how to transfer or gift them. Today’s Ask Wallet Wise query decodes whether one can gift SoA mutual fund units to family members.
» Read more about: Can mutual fund units held in non-demat form be gifted or transferred? »
US Fed meeting: The US Federal Reserve’s Federal Open Market Committee (FOMC) is all set to conclude its two-day policy meeting on Wednesday and announce the key benchmark interest rates for the American economy.
As global investors and policymakers await the outcome of the meeting led by Chairman Jerome Powell,
» Read more about: US Fed meeting: What does the Indian stock market expect? Explained »
The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to invigorate the job market.
Here’s what to know about the Fed’s meeting on Wednesday:
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» Read more about: Federal Reserve likely to cut key interest rate: What to know »
WASHINGTON (AP) — The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence.
The government shutdown has cut off the flow of data that the Fed relies on to track employment,
» Read more about: Missing government data not likely to sway Federal Reserve from rate-cut path »
Special to the Journal
In response to the ongoing federal government shutdown, State Senator Lydia Edwards, who also serves in the Massachusetts National Guard, has proposed an amendment to the Supplemental budget bill to protect federal employees during this period of uncertainty. The Federal Employee and Service Member Civil Relief Act is an emergency law designed to protect federal employees,
Artificial intelligence (AI)-powered data centers have become a booming industry now. The AI infrastructure space remains rock solid supported by an extremely bullish demand scenario. Research firm McKinsey & Co. estimated that global AI-powered data center infrastructure capex will reach around $7 trillion by 2030.
The energy-hungry AI space has made nuclear energy one of the hottest industries on Wall Street over the past year.
» Read more about: Buy 5 Nuclear Energy Stocks Amid Massive AI-Powered Data Center Growth »
Nuclear power is heating up again, and these three U.S. companies could be on the cusp of a 2026 breakout.
Nuclear energy is back.
After decades of stagnation, nuclear power has emerged as a viable clean energy source. It was the world’s second-largest low carbon source of electricity in 2024,
» Read more about: 3 Nuclear Stocks That Could Make Big Moves in 2026 »
NEW YORK — The U.S. stock market pushed further into record heights on Tuesday.
The S&P 500 added 0.2%. The Dow Jones Industrial Average rose 161 points,
» Read more about: Wall Street climbs ahead of expected Fed rate cut »
Philippe Laffont’s hedge fund, Coatue Management, owns shares of Beyond Meat.
Hedge funds are some of the most fascinating institutions on Wall Street. One firm that I analyze closely is Coatue Management, founded by billionaire investor Philippe Laffont. Coatue is primarily known to invest in growth stocks, particularly in the technology and healthcare sectors.
Japan and the United States say at least 10 Japanese companies are interested in launching projects in the US under a bilateral deal reached earlier this year.
The two governments on Tuesday released a fact sheet listing the value of investments and revenue in the projects at roughly 400 billion dollars in total.
» Read more about: At least 10 Japan firms interested in investing in US under trade deal »
