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Dimon cited nuclear proliferation as the biggest global threat, mentioning that if nations like Iran acquire nuclear capabilities, others will follow, risking major city targets worldwide. He referenced Russia’s actions in Ukraine, highlighting President Putin's nuclear rhetoric as a uniquely dangerous scenario. Also Read: US Elections 2024: One week before polls, betting odds reveal where Trump and Harris stand

Different risks hit differently depending on where you’re sitting.  For the M&A and advisory franchises of the big banks, the second half of 2024 is looking like one to forget.  Every time the market looks like opening up again, something happens, and the long awaited return of the financial sponsors clients gets postponed for another quarter.  In two weeks’ time there are going to be Presidential elections, with a decent chance that uncertainty and litigation will drag on for a while after.  And then it’s December, when no deals ever get done; the revenue year has all but finished.

The last time investment banks went on a hiring spree for investment banking analysts and associates, it was after the pandemic and juniors at Goldman Sachs had been complaining of 100-hour weeks and insufferable mental health. Together with booming deals, this contributed to a rush of recruitment. Nearly four years later, is history ready to repeat itself?

Storch Advisors CEO Gerald Storch assesses the state of the consumer, provides his outlook for the holiday season, and reacts to the September retail sales report.

Subscribe to enjoy similar stories. When hurricanes hit, they send air pressure sharply lower. They can affect the barometers we use to read the economy, too.

Subscribe to enjoy similar stories. With every restaurant opening, there seems to be a renewed focus on aesthetics, signifying they’re catering to diners who eat with their camera first. This month, one of the pioneers of the Instagram café phenomenon unveiled its first outlet in India.

Subscribe to enjoy similar stories. Although the US dollar remains the world’s dominant currency, many countries are diversifying their currency reserves to reduce over-reliance on it, mitigate risks associated with changes in US monetary policy and lessen the impact of global economic shocks. Reduced reliance on the dollar in financial transactions is clear in the decline of dollar-denominated deposits and loans, and the dollar’s share in global foreign exchange reserves.

Subscribe to enjoy similar stories. Get ready for a big debate over the amount of red meat on your plate. Scientists advising the U.S.

Donald Trump has the backing of world's richest person- Elon Musk. Musk has gone all in for Trump. His pro-Trump America PAC has already spent $118 million and has the budget to spend tens of millions more, almost all of that coming from Musk himself. Republican nominee Trump has described Musk an «once-in-a-generation industry leader, and our broken federal bureaucracy could certainly benefit from his ideas and efficiency», according to Newsweek. But this mutual respect and admiration between Elon Musk and Donald Trump has not always prevailed. Once a supporter of Democratic candidates such as Barack Obama and Hilary Clinton, how did Elon Musk begin championing conservative causes? ALSO READ: Donald Trump winning US elections? Famed polling guru Nate Silver's 'gut' prediction

Hitesh Doshi, Chairman & MD, Waaree Energies, says ALMM is one of the non-tariff barriers which is helping to promote Make in India. Just by bringing ALMM in for a short span, Indian module manufacturing capacity has increased and our exports have also increased. Doshi believes that this will not be restricted only to the module and in the coming days, we will see that more such things are coming for the entire value chain where the Waaree is also planning to expand in all these areas. You did this fundraiser to support the capex, but you are not alone in that. A lot of conglomerates right from Tatas to Adanis have announced their capex in this sector. Do you anticipate a threat of a supply glut if not immediately, maybe three to five years out? Hitesh Doshi: Of course, there is a huge demand which we had discussed in the last interview and this demand we also discussed right from 500 gigawatt of the present mission, as well as hydrogen, batteries, so all this we will need a huge supply chain. So, Waaree is going as per the plan, but it is not going to meet the entire requirement of the country. Apart from this, globally people are looking for India as a second supply chain. So, personally, I do not see there is going to be a glut or all that. This is the need of the hour and we will need this.

Subscribe to enjoy similar stories. AFTER DECADES of shadow war between the Jewish State and the Islamic Republic, in the early hours of October 26th Israel carried out its first officially acknowledged attack on Iran. Dozens of warplanes flying at least 1,300km from their bases in Israel launched missiles against air-defence facilities and missile factories in three Iranian provinces, including on the outskirts of the capital, Tehran.

DXY is significantly influenced by the economic and fiscal policies proposed by the U.S. administration. With Donald Trump and Kamala Harris outlining distinct policy paths, the DXY could experience notable fluctuations, which in turn would directly affect the Indian rupee and stock markets.

Cyient, on Monday announced the acquisition of a 27.3% stake in Azimuth AI, a fabless custom ASIC company, for a consideration of $7.25 million. The strategic investment will expand Cyient’s capabilities across the semiconductor industry, said the Hyderabad headquartered firm in an exchange filing. This is the third such M&A deal entered by Cyient this month.

Zelenskyy has expressed high hopes for Prime Minister Narendra Modi's potential role in ending the Ukraine war. In an exclusive interview with The Times of India, Zelenskyy stated, “PM Modi can influence the end of the Ukraine war. This is the huge value of him in any conflict.

«We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,» says Viktor Shvets, Macquarie Capital. Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that there are so many permutations and combinations which are there. US interest rates are likely to go down. China is stimulating their economy. There is a problem in Middle East and yet India seems to be slowing down. So, there are a lot of trends within trends when it comes to the global setup. Viktor Shvets: Well, my view of the world has not changed that much over the last four or five years. Effectively, the way I look at the world as in a twilight. We no longer have recessions. We no longer have recoveries. There is nothing to recover from. We live in a twilight somewhere between recessions and growth. Global growth rates are getting shallower and IMF is correctly highlighting that we are growing 50, 100 basis points less than we used to. But at the same time, we do not have the bad things. We do not have spikes in bankruptcies. We do not have spikes in bad debts.

Subscribe to enjoy similar stories. NEW YORK—“I’m thrilled to be back in the city I love," Donald Trump declared, taking the stage at Madison Square Garden to address thousands of his supporters at the mother of all campaign rallies. And so it was: part rock show, part revival; at once dark and grievance-laden yet often comedic and epically long.

Nate Silver in an op-ed for the New York Times wrote that his «gut says» that former US President Donald Trump will win the November 5 election, while warning that polling data indicate the race could still go either way. «But don't trust anyone's gut, even mine,» he wrote in a New York Times op-ed. His current model gives Trump, the Republican nominee, a 53.1 per cent chance of a second term in the White House. Nate Silver's model currently rates the Republican nominee with a 53.1 percent chance of becoming the 47th president of the United States. “In an election where the seven battleground states are all polling within a percentage point or two, 50-50 is the only responsible forecast," he wrote in his forecast. «So OK, I'll tell you. My gut says Donald Trump. And my guess is that it is true for many anxious Democrats,» Nate wrote. «But I don’t think you should put any value whatsoever on anyone’s gut — including mine. Instead, you should resign yourself to the fact that a 50-50 forecast really does mean 50-50. And you should be open to the possibility that those forecasts are wrong, and that could be the case equally in the direction of Trump or Harris.»

h debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election. Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week. Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.

The Conference Board publishes its consumer confidence index for October on Tuesday

Subscribe to enjoy similar stories. The recent Brics summit in Kazan, Russia, has generated its usual share of criticism and praise. Reactions have ranged from disapproval of such a disparate grouping of nations based on the whimsy of a banker to the outright condemnation that such a diverse bunch should harbour any delusions of meaningful utility.

Sun Pharma will be in focus as the company will announce its results for the July-September 2024 period later today. Analysts expect the company to report healthy revenue growth during the second quarter, driven by the domestic business with favourable seasonality and growing volumes.