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These new fangled money traps can hurt millennials and their finances
Like any generation before them, millennials and Gen Z also remain vulnerable to money traps. Only, the temptations now come in different shapes.
Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow
"A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for most part of this year has also posed challenges," Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said.
Debt Mutual Funds log Rs 2.3 lakh crore outflow in 2022 on rate hike cycle
Morningstar India's Krishnan also said that concerns around rising inflation, a rising interest rate cycle, and the falling rupee have all likely led to a diminishing investor interest across debt fund categories.
ETtech Deals Digest: Indian startups enter 2023 as funding winter still looms
Here is a list of startups that got funded this week.
Amazon to cut over 18,000 jobs; consumers in no hurry for quicker grocery deliveries
Ecommerce giant Amazon has resorted to another round of mass layoffs in a bid to cut costs. CEO Andy Jassy, in a statement to staff, said that the latest layoffs would affect over 18,000 employees across departments. Big tech companies have been firing workers in droves in recent months to slash their expenses in the face of inflation and rising interest rates.
YCombinator-backed gamified savings startup Fello raises $4 million in fresh funding round
The gamified fintech platform had raised $1 million in its seed round in November 2021.
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Mutual funds see muted 2022; expect better days in new year
The industry grew at a slower pace in 2022, mainly due to global headwinds, including the Russia-Ukraine war, supply chain bottlenecks and a decadal high global inflation coupled with rising interest rates.
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