The Daily

Summary: Effective April 1, 2025, new capital gains tax rules will apply to Gold ETFs and Gold Mutual Funds. Gold ETFs trade like stocks, representing physical gold, while Gold MFs invest in Gold ETFs and related instruments. Prior to this, taxation varied based on holding periods and indexation. Post-April 1, 2025, long-term capital gains (LTCG) on Gold ETFs held over 12 months will be taxed at 12.5% without indexation;

 » Read more about: New Income Tax Rules on Sale of Gold ETF & Gold Mutual Funds  »

Gold price stayed flat at its all-time high level of Rs 94,150 per 10 grams in the national capital on Wednesday amid concerns over imposition of reciprocal tariffs by the US, according to the All India Sarafa Association. On Tuesday, the precious metal of 99.9 per cent purity surged by Rs 2,000, the steepest in nearly two months,

 » Read more about: Stock Market Highlights: Sensex ends 593 pts higher, Nifty above 23,300 as investors brace for Trump tariffs  »

Top 5 SBI Mutual Funds With Best SIP Returns in 5 Years: SBI Mutual Fund house has the largest asset under management (AUM) under its umbrella among all mutual fund houses in India, including PSU fund houses. The fund house has estimated assets of Rs 11,16,708 crore. It runs as many as 125 schemes under equity,

 » Read more about: Top 5 SBI Mutual Funds With Best SIP Returns in 5 Years: PSU fund at No. 1 spot has converted Rs 18,888 monthly SIP into Rs 24.55 lakh corpus  »

Stock Movers • Browse all episodes

Stock Movers: Tesla, Palantir, Amazon

On this episode of Stock Movers:

– Tesla (TSLA) shares are moving to the downside after its China’s March total shipments dropped 11.5% y/y to 78,828 units, according to Bloomberg calculations based on preliminary data released by China’s Passenger Car Association.

 » Read more about: Stock Movers: Tesla, Palantir, Amazon  »

The trade war is set to plunge Canadian provinces into deeper deficits, revitalizing a sleepy corner of the credit market.

Provinces are expecting wider deficits and higher funding needs, which means selling more bonds. The seven provinces that have proposed budgets so far reported a combined deficit of C$32 billion ($22.2 billion) for the 2025-2026 fiscal year,

 » Read more about: Trade War Forces Canada’s Provinces to Issue Flurry of New Bonds  »

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we’re looking at Larry Fink’s push to include private assets in standard investment portfolios and excitement around asset-backed lending — Isabella Farr.

If you’re not already on our list,

 » Read more about: BlackRock Wants Standard Investing Portfolios to Include Private Assets  »

PALM BEACH, Fla. – Cleveland co-owner Jimmy Haslam admitted that the Browns “took a big swing and miss” with their 2022 trade for quarterback Deshaun Watson.

Haslam made the comments on Monday during a session with Browns reporters at the league meetings in Florida.

“We thought we had the quarterback,

 » Read more about: Browns owner Jimmy Haslam admits team 'took a big swing and miss' in trading for Deshaun Watson  »

Poland’s central bank is poised to resist the pressure to cut interest rates as most policymakers worry about a rebound in inflation.

The Monetary Policy Council will leave the benchmark at 5.75% on Wednesday, according to all 31 economists surveyed by Bloomberg. The MPC may still vote on a motion to cut rates,

 » Read more about: Poland to Hold Rates Again Despite Softer Inflation  »

Stock futures moved lower Wednesday morning as market participants await the details of President Trump’s plans to impose new tariffs on U.S. trading partners. 

Futures tied to the S&P 500 and tech-heavy Nasdaq were down 0.7% and 0.9%, respectively, about 90 minutes before the opening bell, while those linked to the Dow Jones Industrial Average fell 0.5%.

 » Read more about: Dow Jones Today: Stock Futures Fall Ahead of Trump Tariff Announcement This Afternoon  »

Wall Street pointed toward losses before the opening bell Wednesday before President Donald Trump reveals details about the latest round of U.S. tariffs on trading partners.

Futures for the S&P 500 slid 0.6%, while futures for the Dow Jones Industrial Average lost 0.5%. Futures for the Nasdaq, where many of the big technology companies trade and already in correction territory,

 » Read more about: Stock market today: Asian shares mostly decline ahead of Trump’s latest tariffs  »