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31.10 / 16:15
markets COST UPS Digital economy Experts reports Inflation gauge closely watched by the Fed falls to lowest level since early 2021
inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. The Commerce Department reported that prices rose just 2.1% in September from a year earlier, down from a 2.3% rise in August. That is barely above the Fed's 2% inflation target and in line with readings in 2018, well before prices began surging after the pandemic recession. Yet some signs of inflation pressures remained. Excluding volatile food and energy costs, so-called core prices rose 2.7% in September from a year earlier for the third straight month. On a monthly basis, core prices rose 0.3% from August to September, up from just 0.1% from July to August. The increase in the core rate is higher than the Fed would prefer.
31.10 / 15:31
markets BlackRock Trade reports Microsoft and Meta shares dip as results fail to meet investors' expectations on AI delivery
According to data from MarketWatch, Microsoft's shares were down 3.8% in pre-market trading at the time of reporting on Thursday (31 October). Meta's stock also took a blow, with its shares 2.7% lower in pre-market trading. In addition, the S&P 500 futures index, which indicates the likely direction of the US stock market, was down by 0.3% at the time of reporting, while the S&P 500, which represents the actual value of the stocks included in the index, also saw a decline of 0.3%. Meanwhile, the Nasdaq Composite was 0.5% lower than a day earlier. BlackRock and Microsoft partner ...
31.10 / 15:31
markets FIVE UK gilt yields hit 2024 high as investors mull over Budget borrowing
The UK 10-year gilt yield increased by over 0.1 percentage points to 4.45% around 9:30 am before easing to 4.41% at the time of writing, while the two-year yield rose 0.18 percentage points to 4.42%, according to MarketWatch data. These moves followed a volatile Wednesday (30 October), as an early bond rally reversed once markets grasped the scale of Labour's borrowing plans in the party's first Budget in 14 years. The Office for Budget Responsibility said the net effect of Budget policies is to increase borrowing by £19.6bn this year and by an average of £32.3bn over the next five ye...
31.10 / 15:31
security Wirecard Hedge fund founded by Wirecard sceptics shuts down
In an email seen by Investment Week, Toby Clothier, founding partner of Chameleon Global Capital Management alongside Neil Campling, wrote to investors: «As some of you may know, we returned all our investors' funds and have closed the Chameleon Global Master fund due to it being too small to be viable, despite our best efforts.» Wirecard critics Neil Campling and Toby Clothier launch hedge fund The duo founded Chameleon in May last year, a hedge fund under the umbrella of Ronit Capital. Campling and Clothier have previously worked together at Mirabaud Securities, where they took a...
31.10 / 15:31
Sustainability IMF backs Rachel Reeves' 'sustainable' £40bn tax hikes
A spokesperson for the UN agency said: «We welcome the Budget's focus on boosting growth through a needed increase in public investment while addressing urgent pressures on public services. The IMF added that it „support[s] the envisaged reduction in the deficit over the medium term, including by sustainably raising revenue“.  The agency added that the reforms to strengthen the fiscal framework include „shortening the horizon of fiscal rules, conducting regular spending reviews, moving to one fiscal event a year and enhancing the role of the OBR“.  Autumn Budget 24: Government to r...
31.10 / 14:57
Target Aviat Airlines Sustainability BAY Trade reports California announces sustainable fuels partnership to curb emissions from planes
California is partnering with a major airline trade group to increase the availability of sustainable aviation fuels in the state
31.10 / 14:57
UPS FIVE Election BBC Department UK Treasury chief admits business tax rise could lead to lower than anticipated wages
U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees
31.10 / 14:57
markets Target economy reports Department US unemployment applications fall, layoffs remain at historically healthy levels
Fewer Americans filed for unemployment benefits last week as layoffs remained at historically healthy levels despite elevated interest rates
31.10 / 14:57
Target BLOCK European Commission country information Department medicines Pharmaceuticals EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug
The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing me...
31.10 / 14:57
markets FIVE Digital Platform recommendations prevention Investigations Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods
Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products
31.10 / 14:57
COST UPS economy Election pandemic show reports Inflation gauge closely watched by the Fed falls to lowest level in over 3 years
As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels
31.10 / 14:55
markets Digital Election Experts BABA Changed loyalties, Baba Siddique murder to cast shadow on election in Bandra East
Bandra East was a Shiv Sena stronghold until the last Maharashtra assembly elections, but with a triangular contest this time, the outcome in this suburban Mumbai seat has become more unpredictable. Zeeshan Siddique, then with Congress, won from the constituency in 2019, defeating the undivided Shiv Sena's Vishwanath Mahadeshwar, a former mayor. Zeeshan might have an edge due to the sympathy factor in the aftermath of his father, NCP leader and former Congress minister Baba Siddique's murder earlier this month. But locals also say that his decision to join the Ajit Pawar-led Nationalist Congress Party, an ally of the BJP, could go against him as the constituency has a sizable Muslim population. The Ajit Pawar-led NCP is part of the ruling BJP-Shiv Sena-NCP 'Mahayuti' alliance.
31.10 / 14:55
markets Booking Strategy Analysis Research Trade Experts Uber shares slide 8% as slowing bookings growth spooks investors
gross bookings below Wall Street estimates, sending its shares down nearly 8%. Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and fell short of analysts' forecasts.
31.10 / 14:55
WhatsApp Department Vivek Joshi appointed Haryana's chief secretary
Vivek Joshi, a 1989 batch Indian Administrative Service (IAS) officer, was appointed the chief secretary of Haryana on Thursday. According to a state government order, Joshi, under repatriation from the Government of India, has been posted as the chief secretary to the Haryana government upon his joining the state cadre. Joshi replaces incumbent Chief Secretary TVSN Prasad, a 1988 batch IAS officer who superannuated from the post on Thursday. Joshi, who was the DoPT secretary, was recently sent back to his cadre state Haryana.
31.10 / 14:55
markets Action security Analysis trends Trade show Ahead of Market: 10 things that will decide stock action on Friday
foreign outflows and weak corporate earnings dampened investor sentiment. The NSE Nifty 50 declined by 0.56% to close at 24,205, while the BSE Sensex dropped 0.69% to 79,389. Both benchmarks lost around 6% in October, their steepest monthly drop since March 2020, when COVID-19 lockdowns triggered a sharp global market selloff.
31.10 / 14:55
markets security Experts War electronic Department USA sanctions on 10 Indian firms for allegedly aiding Russian military efforts; Sullivan speaks with Doval
Russian military. The announcement was made by US Treasury and State Departments in what they described as «third-country enablers”. However, there is no independent verification if these Indian firms were part of efforts to boost Russian military apparatus. “…The U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Today’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye,” according to the announcement.
31.10 / 14:55
markets BLOCK Google War country Courts Russian court fines Google $20 decillion for blocking pro-Kremlin media outlets, fine is worth more than the world’s GDP
Google' clash with Russia is not a very old story, as the tussle keeps reviving over time, and in this instance, a Russian court has surprised everyone by declaring a $20 decillion fine on the tech giants for violating laws, when they blocked pro-Kremlin media outlets. The fine has been compounded with other penalties imposed on Google, after it blocked 17 Russian TV channels as a result of international sanctions. These TV channels were all speaking in favor of the Kremlin, and in support of the Russian aggression on Ukraine, among other things.
31.10 / 14:55
markets Citi Strategy wellness film Schools Bandra West seat: BJP's Mumbai chief Ashish Shelar seeks third term from onetime Cong bastion
Bandra West assembly seat, comprising an area with plush houses of some of Bollywood's top film stars as well as localities from Santacruz and Khar, was a Congress stronghold till 2014 before the BJP wrested it through its city unit chief and high-profile leader Ashish Shelar. Shelar, seeking a third win on the trot, is pitted against the Congress' Asif Zakaria, who was defeated by the former in 2019 by a margin of 26,507 votes. Bandra West assembly seat has 2,87,657 voters, comprising 1,49,443 men and 1,38,204 women. It has some of the poshest houses in the city, mainly in Bandra West and Khar, as well as teeming slum colonies apart from middle class localities of Santacruz. The area sees a steady stream of visitors all through the year as people from across the country arrive to catch a glimpse of film icons Shah Rukh Khan and Salman Khan.
31.10 / 14:55
markets UPS Strategy awards Experts PAM Centrum to sell stakes in housing finance arm by March
Centrum Group is likely to finalise the sale of its housing finance subsidiary by the end of this fiscal, with the odds evenly distributed between the possibility of a 100% sale and part monetisation. The group is in talks with five-six investors and the discussions have now boiled down to the valuation of the company, people aware of the matter said. According to market sources, Centrum is looking for a valuation of around Rs 1,300 crore for the housing finance subsidiary, which is a little below the current market cap of Centrum Capital, the operating holding company of the group.
31.10 / 14:55
WhatsApp Death love Celebrity country fun Happy Halloween 2024: Best wishes, interesting facts, quotes, status, and more
Halloween is one of the biggest occasions celebrated in the United States and other parts of the world, and serves more like a run-up to the Christmas season and the New Year celebrations. With 2024 ending soon, Halloween this time should be even more special, and the trick and treats should be even more 'ghouly'.

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