Bitcoin, the Dow Jones and the S&P 500 are surging as Federal Reserve Chair Jerome Powell suggests rate cuts are likely.
In his highly anticipated yearly speech at Jackson Hole, Wyoming, Powell said “the balance of risks appear to be shifting” between the central bank’s attempts to manage inflation while keeping the jobs market steady.
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Friday said that additional incentives could be given to women investing in mutual funds for the first time. He said that financial inclusion will be complete only when equal participation of women is ensured.
“We are proposing to give additional incentives to distributors of mutual funds for first-time women investors,” Pandey said at an AMFI event.
In recent cryptocurrency news, Jack Dorsey’s Bitchat is making waves with its new ‘location chat’ feature, which enables users to engage in local conversations while preserving anonymity through pseudonyms generated by geohashes. This innovative approach leverages decentralized Nostr relays, allowing for resilient communication without reliance on central servers. Meanwhile, Deutsche Bank has revised its forecast,
SEBI Chairman Tuhin Kanta Pandey has cautioned mutual funds against excessive exposure to micro-cap stocks and low-rated debt securities, stressing the need for stronger due diligence and transparency in investment decisions.
Speaking at an event organised by the Association of Mutual Funds in India (AMFI) to mark its 30th anniversary,
In recent cryptocurrency news, Jack Dorsey’s Bitchat is making waves with its new ‘location chat’ feature, which enables users to engage in local conversations while preserving anonymity through pseudonyms generated by geohashes. This innovative approach leverages decentralized Nostr relays, allowing for resilient communication without reliance on central servers. Meanwhile, Deutsche Bank has revised its forecast,
Sebi Chairperson Tuhin Kanta Pandey highlighted how mutual funds are a bridge for Indian households to access the markets that seem to be a “distant fortress,” at the Association of Mutual Funds in India’s (AMFI) 30th Foundation Day event. “An investor in a small town with a modest SIP can cross that bridge and participate in India’s growth story.
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AMFI partners with India Post to train 1 lakh postmen for mutual fund distribution in remote areas. Focus on financial literacy.
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The “Oracle of Omaha” Warren Buffet came from humble beginnings. So perhaps it’s not a shocking revelation that pedigree means little to him when it comes to business potential, he says in his latest shareholder letter earlier this year.
Long revered as required reading for investors,
Powell’s remarks offered little guidance about how soon or how quickly rates might continue to move lower.
United States Federal Reserve Chair Jerome Powell has pointed to a possible rate cut at the central bank’s September meeting but has stopped short of committing to cutting interest rates in remarks that walked a narrow line,
» Read more about: US Fed Reserve Chair Powell opens door to September rate cut »