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Investing.com — The S&P 500 closed higher Monday, shrugging off attempts from Federal Reserve officials to cool expectations for sooner rather than later rate cuts. 

₹303 crore from anchor investors, ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 35,59,740 equity shares at ₹850 per share on Monday, December 18, 2023, to the 25 anchor investors.

Investing.com — Oil prices settled higher Monday as concerns about a supply surplus were eased after Russia said it would make deeper crude export cuts, and attacks by the Houthis on ships in the Red Sea stoked worries about supply disruptions.

The ball in Times Square will soon be dropping, closing the book on 2023 and ushering in a brand-new year. It also means it’s time for financial advisors intent on improving their practices to get their new year’s resolutions on the record.

oil prices are on a declining trend. This, despite production cuts announced earlier this year by Opec and Russia, because US output is likely to reach record highs. Last week, IEA released its projection that suggests that world oil consumption will increase by 1.1 million bpd in 2024, up by 130,000 bpd from its earlier estimate.

inflation with prices of jeera, turmeric, chillies, black pepper and other spices soaring as lower crop acreage and pest infestation have impacted their production. Spices inflation has remained above 22% since July, and economists said it could add another 0.6 percentage point to retail inflation between December and March as prices are unlikely to ease until the next harvest. The category has only a 2.5% weight in the inflation basket, but they influence prices of many food products.

A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year.

Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions.

The auction will have 116 capped players, 215 uncapped players, and 2 players from associate nations. Out of the available 77 slots, up to 30 will be reserved for overseas players. The previous IPL player auctions have seen some remarkable records being broken. In the TATA IPL 2023 auction, a total of 80 players were sold, and the franchises collectively spent Rs 167 crore in Kochi. All-rounders were in high demand, and English player Sam Curran became the most expensive player in IPL auction history, returning to the Punjab Kings with a bid of Rs 18.50 crore. Mumbai Indians bought Cameron Green for Rs 17.50 crore, and Chennai Super Kings acquired Ben Stokes for Rs 16.25 crore, making them part of the top 10 most expensive players in IPL history. In the 2022 auction, 204 players were sold, and Rs 551 crore was spent by the franchises in Bengaluru. Young Indian cricketers stole the show, with Ishan Kishan fetching the highest bid of Rs 15.25 crore, securing his return to the Mumbai Indians. Deepak Chahar rejoined the Chennai Super Kings for Rs 14 crore, and Shreyas Iyer was bought by Kolkata Knight Riders for Rs 12.25 crore. Avesh Khan became the most expensive uncapped player in IPL history, with a bid of Rs 10 crore. In the list of top 10 most expensive players events two Indians — Yuvraj Singh and Ishan Kishan — make into the list while English all-rounder Ben Stokes features twice.

Sen. Bill Cassidy, R-La., discusses how senators are considering raising the retirement age to 70 on ‘Maria Bartiromo’s Wall Street.’

Crimes against women in India rose by 4% in 2022 from the previous year, a majority of the cases being cruelty by the husband or his relatives (31.4%). Delhi is still rated as the country’s most unsafe city for women, with an average of three reported rape cases per day, accounting for 29% of crimes committed against women in 19 major cities, according to 2023 data from the National Crime Records Bureau (NCRB).

Nestle India has set January 5 as the record date for the previously announced stock split, which was approved by the company's board in October at a ratio of 1:10. A stock split involves increasing the number of issued and outstanding shares, thereby enhancing the liquidity of the stock. Importantly, this does not impact the overall value of all shares issued.

By Ahmad Ghaddar

Quiver Quantitative — In a significant development, Apple (NASDAQ:AAPL) has announced the discontinuation of sales for its Apple Watch Series 9 and Ultra 2 models in the United States, starting December 21 online and December 24 in physical stores. This decision, reported by 9to5Mac and confirmed by TechCrunch, arises from a patent dispute with medical technology firm Masimo (NASDAQ:MASI). over the blood oxygen sensor technology used in these models. The International Trade Commission (ITC) ruled in favor of Masimo in October, leading to a presidential review period expiring on December 25. Apple’s decision to halt sales is a proactive measure in anticipation of the final outcome of this review.

On December 13, the Dow Jones Industrial Average accomplished a remarkable feat by reaching a new all-time high, marking the first time since early January 2022.

Bryant Gumbel, HBO's “Real Sports” called quits in its 29th year. The final episode, which is expected to be 90-minute long will premiere on Tuesday at 10 pm ET. For the last few years, Real Sports taped its episodes on the same Manhattan block where CBS' “60 Minutes” was recorded.

A Federal Reserve official said Monday that the market may have misunderstood the central bank's intended message last week after stocks and bonds rallied sharply.

Farfetch (NYSE:FTCH) shares fell as much as 38% in early New York trading on Monday after the company announced Coupang (CPNG), will acquire its business and assets.

Investing.com — Oil prices soared higher Monday on concerns of disruptions to global supply, particularly to the important Asian market, following mounting attacks by the Houthis on ships in the Red Sea.

per capita income of Indian states ranging from Rs 54,111 to Rs 5,19,964 in 2022-23 compared with Rs 42,083 to Rs 4,31,351 in 2020-21, showed government data. Sikkim had the highest per capita income at current prices of Rs 5,19,964, whereas Bihar had the lowest per capita income in 2022-23, according to data shared by Rao Inderjeet Singh, Minister of State (independent charge) of the Ministry of Statistics Planning and Programme Implementation, informed Rajya Sabha, Monday. “The differences in per capita income of States is due to different levels of economic development in each state,” Rao stated. An ET analysis shows that Odisha witnessed in the highest gains in per capita terms over the last three years, with its income growing 45%, whereas Punjab was the worst performer with 20.6% rise since 2020-21. The average rate of increase across states was 31.8% between 2022-23 and 2020-21, with 11 of 22 states for which data was available for all three years, recording a higher growth in per capita income in current terms compared to the national average. He further pointed that the government had instituted various programmes under inclusive development programme like Pradhan Mantri Garib Kalyan Yojana, additional Emergency Working Capital Funding for farmers through NABARD, concessional credit through Kisan Credit Cards; fund transfer under PM-KISAN, PM Fasal Bima Yojana claim payments, to ensure inclusive growth, under its commitment for Sabka Sath Sabka Vikas. He further pointed to schemes like Deendayal Antyodaya Yojana, Pradhan Mantri Awaas Yojana – Gramin, which the government had instituted to improve the quality of life in rural areas “through employment generation, strengthening of livelihood opportunities,

Travelopedia 2023 on Monday. The company said Travelopedia 2023 draws insights from Oyo’s global booking data and unveils key trends that have shaped travel experiences for its over 93 million users across India, UK, US, Germany, Denmark, Belgium, Netherlands, Indonesia, Malaysia, and the rest of Asia and Europe, spanning January 1 to December 1, 2023. As per the report, Hyderabad emerged as the most booked city in India followed by Bengaluru, Delhi, and Kolkata.