Month: January 2021

The GameStop short squeeze was ‘the grand awakening’: expert

It’s ironic that a trading platform whose motto is “Investing for Everyone” would find itself at the center of a retail investor revolt against the Wall Street glitterati. What happened this past week with GameStop (GME), Reddit and Robinhood is a classic tale of David and Goliath, but even the pros say this time is different.

“We’ve seen short squeezes in the past, but I call this one the grand awakening,” Kevin Simpson, portfolio manager at Capital Investment Management, told Yahoo Finance Live. “Seeing this mass chat room chatter do something that we’ve never seen before is a

Budget 2021: Taxpayers eye relief in income tax, slash in TDS, increase in 80C limit, among other reforms

The Government is likely to focus on the basics, for giving relief on the personal income tax front

By Amit Singhania

Indian Union Budget 2021-22: In the midst of an economic slowdown induced by the ongoing pandemic, the Hon’ble Finance Minister must grapple with the challenging task of encouraging consumption for economic revival against our peaking fiscal deficit in the upcoming Union Budget, 2021. Tax proposals will play a key role in this balancing act.

To begin with, the Government is likely to focus on the basics, for giving relief on the personal income tax front. For instance, the Government

Union Budget 2021: Incentives, more allocation to power sector may propel economic growth

Budget 2021 should give concrete measures / relief to the power sector as the targeted government spending will give a booster shot to the sector. Image: Reuters

Indian Union Budget 2021-22: Budget 2021 will be of considerable importance to the power sector even if it is viewed only from the perspective of the setback received by this sector due to the outbreak of COVID-19. During this pandemic period, the Government called for the country and its citizens to be ‘independent and self-reliant in all senses’ while introducing the Atmanirbhar Bharat Abhiyaan. One of the five pillars of the Atmanirbhar Bharat

After The Stock Market Rally Sell-Off, What To Do Now; GME Stock, Nio In Focus| Investor’s Business Daily

Dow Jones futures will reopen Sunday evening, along with S&P 500 futures and Nasdaq futures, with investors looking for signs that the stock market rally will find support or keep retreat. Last week the major indexes broke through key levels, with leading stocks also struggling.




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The stock market rally may be undergoing a character change. Investors need to be more cautious, perhaps reducing exposure, especially if they haven’t already done so.

The GameStop (GME) saga is likely far from over. GME stock, AMC Entertainment, Koss (KOSS), Express (EXPR) and other short-squeeze plans had

Union Budget 2021: Covid-19 cess to tax breaks, what may be done to aid the reviving economy

The pandemic that has wreaked havoc on the global economy and India is no exception.

By Rajat Mohan

Indian Union Budget 2021-22: Officially, India’s much-awaited annual exercise of presenting its ‘Never Before like Union Budget’ for 2021-22 is scheduled on February 1, 2021. In strict accounting jargon, it is an ‘Annual Financial Statement – AFS’ of the Union Government’s total income earned from taxes levying, directly and indirectly, say income tax, customs duty, cesses, surcharges, etc. and preparation of the roadmap to spent that amount in the particular financial year. Key objectives of the Budget are – reduce poverty and

‘Closely looking at India to drive global supply chain and sourcing, plan to launch affordable 5G Nokia phones’: HMD Global 

HMD Global holds an exclusive license with Nokia for the next 10 years for mobile phones.

HMD Global, the Finnish start-up that owns the rights to use the Nokia brand on mobile phones, is ringing in the new year with two key focus points, while staying true to its primary focus, which is to offer competitive devices with pure, secure and up to date software.

The first being, it is looking at India as a very important market, both from sourcing as well as sales point of view. Second, it is looking to launch more affordable 5G devices after having

Chevron Stock Falls On Surprise Loss As Revenue Also Misses

Chevron (CVX) unexpectedly reported to a fourth-quarter loss Friday despite the rebound in crude oil prices, in the first report from a global oil major. Chevron stock fell.




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Exxon Mobil (XOM) and BP (BP) will report Q4 results on Tuesday and Royal Dutch Shell (RDSA) is on tap for Thursday.

Chevron Earnings

Estimates: Earnings seen tumbling 94% to 9 cents per share, according to analysts polled by Zacks Investment Research. Revenue is seen falling 24% to $27.6 billion.

Results: Loss of 1 cent a share on revenue of $25.25 billion. U.S.

How JDU government is bridging Bihar’s political-economic divide through policy actions

Bihar’s literacy rate among girl child has consistently seen improvement – it has grown to 61.1% now from 56.9% in 2015-16, as per 5th National Family Health Survey 2019-20.

By Sanjay K Jha, JDU

This is a rebuttal to an article written by Atul K Thakur, policy professional and analyst. Read the original article here.

Sanjay K Jha believes that the said article does not do justice to the work done by Nitish Kumar as Chief Minister for 15 years. He adds that Bihar Government is committed towards social empowerment and development with a sharp focus on skilling for

Budget 2021: What Finance Minister should do to promote India’s digital growth

Businesses, professionals and even our country’s Courts switched over to virtual meetings and platforms to conduct their official work daily.

By SR Patnaik & Rashi Gupta

Indian Union Budget 2021-22: Covid-19 pandemic gripped the world in year 2020 and shoved it towards a new order of doing things. While the pandemic slowly and steadily spread across the world, it changed a lot of perceptions, touched the life of every one of us in its own way and taught us a decade worth of lessons. It gave us a fast paced peek into the future and while we were scrambling

UPDATE: AMC Entertainment to issue 44.4 million shares as investors opt to convert $600 million of convertible debt

AMC Entertainment Holdings Inc.
AMC,
+173.19%

said Thursday a group of investors including units of private-equity firm Silver Lake have opted to convert all $600 million of the cinema chain’s 2.95% convertible senior notes due 2026 into Class A common shares, at a conversion price of $13.51 a share. The stock closed Wednesday at $19.90, after being swept up in the[l: short squeeze in shares of videogame retailer GameStop Inc.
GME,
+102.84%
,
which has skyrocketed more than 1,600% in the past two-plus weeks amid support from investors on Reddit’s WallStreetBets message board. AMC said the conversion will result in