FIDELITY
Longer Diwali breaks: companies give employees more time to celebrate
Many companies are providing extended breaks for their employees during Diwali to promote well-being and family connections. Embassy Group is giving its employees a nine-day break, emphasizing a people-first culture. CashKaro is offering six days off to help employees recharge after the busy festive season. Myntra plans to recognize employee contributions with two additional holiday days following its sales period.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Bitcoin price prediction: BTC USD could crash to $68,000 before recovery - here's what analysts expect
Bitcoin price prediction: BTC USD is struggling to recover after briefly falling below $75,000, with analysts warning that another decline could come before a sustained rebound. While some see potential downside towards $73,400, a more bearish forecast points to $68,000. Spot Bitcoin ETF outflows have added to market pressure.
Global investors push South Korea's chaebols to speed up reforms
Global investors are increasingly urging South Korea’s chaebols to adopt necessary corporate governance reforms to address the existing valuation gap. Despite solid market performance, many South Korean stocks are viewed as undervalued on the global stage. Notably, Samsung Electronics has attracted criticism for not providing adequate shareholder returns despite their record-breaking profits earlier this year. Financial institutions seem to favor shareholder-friendly measures, in contrast to larger conglomerates that exhibit resistance.
A record 769,000 Americans now have $1 million in their 401(k). Here’s how much they save
As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.
US elections 2026: The S&P 500 has never been lower a year after a midterm since 1950. Can 2026 break the streak?
Historically, after midterm elections, the S&P 500 tends to climb, with an average increase of about 15%. Currently, the index has risen nearly 13% since the previous midterm. Nonetheless, valuations are much higher than past averages, sparking concern. Analysts suggest the likelihood of a divided government might bolster stock performance trends, yet investors still approach this high valuation landscape with caution due to potential risks for future earnings.
Wall Street's hidden bargains: 10 US largecap stocks trading at historic discount for investors
At least 10 US large-cap stocks trade at 47%-63% discounts to sector valuations, according to Vested Finance. Comcast leads the list, alongside AT&T, Fiserv and Bristol-Myers Squibb, amid market volatility and growing scrutiny of AI valuations.
Is the AI boom losing steam? Global economy faces growing risks
Global financial markets face mounting pressure from geopolitical conflicts, rising government debt and trade tensions, raising concerns about the resilience of the global economy. While the AI investment boom has driven stock markets to record highs and supported growth expectations, rising borrowing costs, inflation, weakening currencies and the prolonged Iran war threaten to undermine investor confidence and expose deeper vulnerabilities.
US tech giants' AI borrowing could push up Europe's bond yields
Rising AI infrastructure investments are driving US technology giants to tap European bond markets, potentially increasing borrowing costs. Alphabet, Meta, Amazon and Microsoft are expected to boost debt issuance, intensifying competition for investor capital and putting pressure on corporate credit spreads and European government bond yields.
Global markets were already fragile. Big AI bets could break them
Investors flocked to bonds. Yields, which move inversely to price, fell from multidecade highs, with the benchmark 10-year Treasury, which guides borrowing costs globally, falling almost 20 basis points on October 22, its biggest daily fall since early 2023.
The famous study saying dead people make the best investors never existed, but the lesson holds; here's what you need to know
Although the famous Fidelity study has no verified research behind it, the idea that investors can hurt their returns by trading too frequently had academic support. In 2000, researcher Brad M. Barber and Terrance Odean published a study examining the stock market performance of individual investors.
Bitcoin price today crashes to 5-week low: Why is BTC USD near $77,000 amid crypto exchange Binance hack reports
Bitcoin price today: BTC USD fell to a five-week low of $76,301 on Friday as $1.49 billion in leveraged crypto positions were liquidated. With long traders bearing most of the losses, BTC faces pressure below key technical levels even as US spot Bitcoin ETFs recorded net inflows. A reported Binance security breach added to market concerns.
Blackstone-backed ASK Group appoints Nehal Shah as Group Head of Legal, Compliance and Secretarial
Blackstone-backed ASK Asset & Wealth Management Group has appointed Nehal Shah as group head of Legal, Compliance & Secretarial to strengthen its regulatory compliance and corporate governance functions. Shah brings over two decades of experience across financial services and capital markets.
Pakistan's high court judge resigns, cites 'executive's growing control' over judiciary
Justice Mohsin Akhtar Kayani tendered his resignation to President Asif Ali Zardari, becoming the fourth judge of the superior judiciary to resign following the controversial amendments.
Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street
JIo IPO Listing: In a landmark event, Jio Platforms' shares are set to launch in the stock market today after a historic IPO. The exceptional investor demand is underscored by a strong grey market premium, signaling optimistic initial pricing. Market analysts foresee that Jio's vast subscriber network and future expansion capabilities will drive further interest.
Jio Platforms gets first Buy call! Nomura says ‘disruptor now the leader’; starts coverage with Rs 1,340 target
Shares of Jio Platforms listed at Rs 1,359 on BSE and NSE, a premium of 21% over the IPO price. Nomura set a target price of Rs 1,340, implying 20% upside from the issue price of Rs 1,119. The brokerage cites Jio’s leadership in wireless subscribers, data traffic and home broadband, adding that its listing could support steady tariff hikes and drive monetisation.
Leaving Microsoft with a buyout? US employees have 3 main 401(k) options; what happens if they make one mistake that could trigger taxes?
The technology giant announced a new, time-limited Voluntary Exit offer for eligible employees in participation teams in the US, UK, Canada and India. It covers employees at level 70 and below, with eligibility depending on the employee's organisation and team. Microsoft said the offer provides financial support and career-planning resources to employees considering leaving the company.
Anthropic's top investors include Amazon, Google, Fidelity Management
Anthropic is preparing for its initial public offering, supported by significant investments from Amazon and Google. The company's valuation has increased significantly through numerous funding rounds over recent periods. Key investors like ICONIQ Capital and Coatue Management have also expressed confidence in its potential. Anthropic's partnerships with technology leaders enhance its resources for advancing AI development.
Peter Lynch on stock picking: 'You shouldn't own a stock if you can't…'
Peter Lynch’s investing advice centres on understanding a company before buying its stock. The legendary Fidelity Magellan Fund manager stresses researching business fundamentals, growth prospects and financials rather than investing based on popularity or hearsay.
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