General Motors said Monday that it is suspending its quarterly dividend and stock buybacks to preserve cash during the coronavirus pandemic. JEFF KOWALSKY | AFP | Getty Images Check out …
Finance
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- Finance
Health insurer Cigna says it’s stopping political donations to lawmakers who incited violence
David Cordani, chief executive officer of Cigna Corp. Adam Jeffery | CNBC Heath insurer Cigna will stop giving money to elected officials who “encouraged or supported violence” during last week’s …
- Finance
Synchrony CEO Margaret Keane stepping down after nearly a decade leading the co-branded card lender
Synchrony CEO Margaret Keane Source: Synchrony Financial Synchrony Financial CEO Margaret Keane will step down after nearly a decade of running the co-branded card lender. Sixty-one-year-old Keane — one of …
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Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC In July 2020, local …
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Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
The logo for payments start-up Checkout.com. Checkout.com LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an …
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Netflix’s “The Queen’s Gambit” may have popularized chess for modern audiences, but Nikhil Kamath liked the game way before it was cool. So much so, that he dropped out of …
- Finance
V-shaped recovery is in ‘tatters,’ and Wall Street doesn’t seem to care: Economist Stephen Roach
Economist Stephen Roach sees trouble on Wall Street. His observation: The market is placing too much emphasis on the Federal Reserve holding interest rates at zero to prevent the economy …
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Last week, the Centre announced a new Taxpayer Charter that lists out an income taxpayer’s rights and obligations. Other countries like UK and Australia also have similar taxpayer charters that …
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If you are a new investor seeking to make a foray into equity investing, it may be better to start the journey with equity mutual funds and not jump straight …
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Intending to mobilise gold held by households and institutions in the country, to facilitate its use for productive purposes, and to reduce the country’s reliance on gold imports, the government …
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The Centre recently unveiled a new Taxpayer Charter, listing out an income taxpayer’s rights and obligations. The UK and Australia have similar charters in place. This move comes a year …
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Ethical investing, one that gives you good returns while aligning with your values, has always been popular. Environment, Social and Governance (ESG) is one of the ethical investment strategies that …
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U.S. equity futures were flat in overnight trading on Monday after breaking a win streak as investors grew worried about stocks’ stretched valuations. Dow futures rose 30 points. S&P 500 …
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Most health insurance policies in the market offer built-in back-up plans for policyholders in the form of ‘restoration’ benefit. In this feature, the insurer fully reinstates the original sum insured …
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The share of large borrowers in the loan portfolios sustained its downward trajectory the central bank’s report showed. Even as the credit growth of banks declined to 5% in September …
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The Centre is said to be mulling a key change in the rules pertaining to gratuity payment by employers. So, for an employee to be eligible for gratuity benefit, the …
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Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart said Monday that it’s creating a fintech start-up with …
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In addition, banks will be called to meet the funding requirements of the economy as it traces a revival from the pandemic,” Das said. Loan losses in the banking sector, …
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Amit has been investing in mutual funds for the last seven years. He is not happy with the returns, as they have been much below his expectations. He invested in …
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Since the outbreak of the Covid-19 pandemic, demand for house property has slowed, with many postponing big-ticket purchases. In a bid to attract home buyers, the Maharashtra Government recently announced …
- Finance
Jeff Gundlach says stock market valuations are extraordinarily high, supported only by the Fed
Jeffrey Gundlach Adam Jeffery | CNBC Jeffrey Gundlach, founder and CEO of DoubleLine Capital, raised concerns Monday about the stock market’s elevated valuation relative to historical levels and believes rising …
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For many of us, the outbreak of Covid-19 pandemic has been quite a drain on our finances.The six-month moratorium on loan repayments provided by banks eased the pain of those …
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Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta. Christopher Dilts | Bloomberg | Getty Images Interest rates could rise sooner than forecast as the …
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This is in the context of a story titled ‘Why you shouldn’t delay repaying loans anymore’ that appeared in BusinessLine on September 6. It says: “Can you pay the entire …
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Standing guarantee for a loan is providing a helping hand to someone who is unable to get a loan on their own. However, it comes with increased liability and financial …
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The basic investment thumb rule — ‘Do not put all your eggs in one basket’ — may seem obvious and trite for many investors. But not all adhere to the …