A gallon of gasoline cost an average of $2.40 in the United States in late January. Gas prices recovered from their sharp dip during the early months of the COVID-19 pandemic, when prices fell as low as $1.74 per gallon, the result of crude oil prices briefly falling below $0 per barrel. On a more local basis, how much Americans […]

There will be academic case studies on the mania around GameStop’s stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or […]

The number of centrally sponsored schemes have increased to 35 in FY22 from 30 in FY21 and central sector schemes have increased to 704 from 685 in the previous year, reports Dilasha Seth. While Finance Minister Nirmala Sitharaman suggested rationalisation of centrally sponsored schemes and central sector schemes, the outlay to these have in fact seen a sharp growth in […]

The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling, reports Dilasha Seth Finance Minister Nirmala Sitharaman in her Budget speech on Monday kept income-tax rates untouched but announced a slew of measures to simplify tax administration, ease compliance, and reduce litigation to boost revenue. These include a dispute resolution […]

‘Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging from 5 to 15 per cent, depending on the country of residence of FPIs from current rate of 20 per cent will provide a big cash flow relief for FPIs.’ Illustration: Uttam Ghosh/Rediff.com. The Union Budget has rationalised the tax on dividends for foreign portfolio investors (FPIs), […]

Australia's central bank held rates at near-zero in a widely expected decision on Tuesday. The Reserve Bank of Australia said it would also expand its bond buying program to help support jobs and boost inflation. Overall, Governor Philip Lowe sounded optimistic about Australia's economic recovery as most businesses reopened after the country largely managed to curb the coronavirus pandemic. Australia's […]

Investors who capitalized on the GameStop short squeeze should take profits and sell the stock, CNBC's Jim Cramer said Monday. "If you hold the line, you'll end up holding the bag when everyone else does ring the register," the "Mad Money" host said. "The gains don't count until you sold some," Cramer stressed to viewers. CNBC's Jim Cramer on Monday […]

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. All permanent life insurance lasts forever and has a cash value, but there are three main varieties. Whole life insurance […]

The Treasury needs to consider whether the governor of the Bank of England should face “consequences” over his mishandling of an investment scandal in a previous job, according to the head of an independent inquiry into the matter. Dame Elizabeth Gloster, a former high court judge, told MPs on Monday that it was for the Treasury and those running the […]