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Anyone investing in various instruments, including a Systematic Investment Plan (SIP) or regular deposits in mutual funds, will need to consistently track returns to assess the performance of their investments and make informed decisions.Tracking investments may seem straightforward initially; however, when multiple investments are involved, looking at returns may become complicated. Hence, the Extended Internal Rate of Return (XIRR) is important, as it helps to track investments.What is XIRR?Extended internal rate of return, or XIRR, is a financial metric used to calculate return on investments where multiple transactions occur at different time periods.Unlike a simple rate of return, XIRR aims…
Strategy (NASDAQ: MSTR) stock is slumping in Tuesday’s trading. The company’s share price was down 13% as of 2:40 p.m. ET. Meanwhile, the S&P 500 was down 0.6% and the Nasdaq Composite was down 1.3%. The price of Bitcoin was down 7.8% over the previous 24 hours. The company, which was known as MicroStrategy until recently, is seeing its valuation pull back in response to an increase in bearish sentiment that is shaping trading for stocks and cryptocurrencies. News that the Trump administration plans to move ahead with significant new tariffs on Canada and Mexico and implement new restrictions on…
For the third year in a row, CNBC is working with market research firm Statista to list the world’s top financial technology companies.Including startups, scaleups and established tech players, the top global fintech list aims to assess companies using an objective, key performance indicator-based methodology.You can find out more information on the research project and methodology by clicking here.Woman using digital tablet and credit card to do shopping.John Lamb | Digital Vision | Getty ImagesApplications are now open for companies to register their information for consideration by Statista’s researchers. To qualify, a company must focus primarily on developing innovative, technology-based financial…
Banks like HDFC Bank, Axis Bank, American Express, HSBC, etc., give credit cardholders the option to transfer reward points to loyalty programs of various airlines and hotels. The loyalty points can then be used to book free flights or hotel accommodations with the respective airline or hotel group. In this article, we will understand how to transfer HDFC Bank credit card reward points to various hotel loyalty programs, the transfer ratio, and how to use these points to enjoy free hotel stays during vacations.Reward points transfer partnersHDFC Bank has a tie-up with 17 partners in the hotels and airlines category…
US stocks closed mixed on Tuesday as President Donald Trump’s revived tariff threats and potential toughening of China curbs weighed on market optimism while new data signaled fears over future economic growth. Consumer confidence plummeted in February, notching its biggest monthly decline in nearly four years as 12-month inflation expectations jumped and recession fears escalated. The tech-heavy Nasdaq Composite (^IXIC) finished the volatile trading day down around 1.3%, dragged down by shares of Magnificent Seven players like Nvidia (NVDA) and Tesla (TSLA). The benchmark S&P 500 (^GSPC) dropped roughly 0.4%, while the Dow Jones Industrial Average (^DJI) reversed earlier session…
Floyd Mayweather is known not only for his skills in the boxing ring but also for his impressive financial success. His net worth is estimated to be around $1.2 billion, but some estimate that it may be slightly lower. Over his career, he has earned more than $1 billion from fights and endorsements, showcasing his ability to capitalize on his talent and fame.Mayweather’s rise to wealth began with his unbeaten record in boxing. Throughout his career, he has claimed multiple world championships and drawn significant pay-per-view audiences. His financial achievements reflect not only his athletic prowess but also smart business…
The rule of 72 tells you how long it takes to double the money at the current interest rate. This is quite a valuable and insightful metric which tells you the time period during which you can increase your investment by 100 percent. Importantly, this also tells you the tenure during which your credit card debt can increase by 100 percent of the original debt.For instance, if the credit card’s APR (annual percentage rate) is 24 per cent based on 2 percent monthly interest which the bank is charging. The number of years which will take to double the credit card…
Amid growing concerns over Bitcoin’s price volatility, South Dakota lawmakers rejected a proposal on Monday to consider a strategic Bitcoin reserve during the current legislative session, instead opting to quietly postpone the bill to a later date. Nine South Dakotan lawmakers voted in favor of the move, while three rejected it. “This is definitely a setback for Bitcoin and its adoption as a state-level institutional asset,” Charles Wayn, co-founder of Galxe, told TheStreet Crypto. Advocates for Bitcoin claim it serves as a hedge during inflation and underline that Bitcoin’s hallmark decentralization means that no central bank can manipulate the supply…
An attendant holds 1-kilogram gold bars on Feb. 17, 2025.Akos Stiller/Bloomberg via Getty ImagesGold prices are popping. But investors should avoid the temptation to chase a shiny object, investment experts said.The SPDR Gold Shares fund (GLD), which tracks the price of gold bullion, is up about 11% in 2025 as of 2 p.m. ET Tuesday. Returns are up about 42% over the past year. (Prices were down more than 1% on Tuesday.)Gold futures prices are also up about 10% year-to-date and currently 36% higher compared to the price a year ago. By comparison, the S&P 500 U.S. stock index is up about…
If you have recently applied for a personal loan, or planning to apply for one, remember that your actual EMI could be slightly larger than the principal and interest amount. Although this is not something you would have expected – you are disbursed slightly lower amount than the loan amount.Each bank charges a small percentage of loan in form of processing charges. This could even be 2 percent of loan which is deducted from the amount of loan disbursement. These are some of the hidden charges which banks will not tell you aboutList of hidden chargesProcessing fees: Banks charge 1…