2020 Financial News
03.01 / 07:12
FIVE
Digital
Waters
2020
PM Modi inaugurates and lays foundation of projects worth Rs 1,156 crore in Lakshadweep
Narendra Modi inaugurated and laid the foundation for various projects worth Rs 1,150 crore in the Union Territory of Lakshadweep on Wednesday. The projects were launched at a function attended by hundreds of islanders here. This includes the Kochi-Lakshadweep Islands Submarine Optical Fibre Connection (KLI — SOFC) project, which he announced in his Independence Day speech in August 2020 at the Red Fort.
03.01 / 03:49
Google
Browser
track
2020
Google settles $5 billion privacy lawsuit over tracking people using 'incognito mode'
Google has agreed to settle a $5 billion privacy lawsuit alleging it spied on people who used the “incognito" mode in its Chrome browser — along with similar “private” modes in other browsers — to track their internet use
03.01 / 03:48
BLOCK
Action
TikTok
President
2020
Montana appealing ruling that blocked state from barring TikTok use
Montana said on Tuesday it was appealing a decision by a US judge in November to block Montana's first-of-its-kind state ban on the use of short-video sharing app TikTok. Montana Attorney General Austin Knudsen filed a notice that the state is appealing the ruling to the Ninth Circuit US Court of Appeals.
03.01 / 03:41
Provident
Manufacturing
awards
Forbes
2020
Department
donates
Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023
Investment guru Warren Buffett topped The Chronicle of Philanthropy's annual list of the biggest charitable donations in 2023, with his $541.5 million gift to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004
03.01 / 03:41
Provident
CEO
Action
President
track
2020
Proposed merger of New Mexico, Connecticut energy companies scuttled; deal valued at more than $4.3B
Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has been scuttled
03.01 / 03:40
Fighting
economy
President
social
2020
Department
US national debt hits record $34 trillion as Congress gears up for funding fight
The U.S. Treasury has announced that the nation’s gross national debt has surpassed $34 trillion
03.01 / 03:26
Binance
Experts
Bitcoin
country
2020
The hullabaloo over crypto has quietened despite the good year it had
In 2023, Bitcoin, the most popular crypto, rallied 155% in US dollar terms. The Bloomberg Galaxy Crypto Index—a broader representation of crypto as an investment asset class—gave a return of around 140% during the year, telling us that crypto as an asset class did very well in 2023. Now, when it comes to retail investors investing in a particular asset class, there is always a bit of a recency effect involved, as investors tend to favour assets which have done well in the short-term.
03.01 / 02:45
BLOCK
Extreme
Action
President
2020
Trump appeals Maine ruling barring him from ballot under the Constitution's insurrection clause
Donald Trump on Tuesday appealed a ruling by Maine's secretary of state barring him from the state's primary ballot over his role in the Jan. 6, 2021, attack on the U.S. Capitol. Trump, the early front-runner for the 2024 Republican presidential nomination, appealed the Maine decision by Democrat Shenna Bellows, who became the first secretary of state in history to bar someone from running for the presidency under the rarely used Section 3 of the 14th Amendment. That provision prohibits those who «engaged in insurrection» from holding office.
03.01 / 02:42
Strategy
Experts
performer
2020
Dollar edges higher as risk rally hits pause
dollar rose broadly on Wednesday and stood near a two-week high against its major peers, underpinned by a confluence of factors including elevated U.S. Treasury yields and a cautious turn in risk sentiment that weighed on Wall Street. Trading was thinned in Asia with Japan out on a holiday, and with investors still returning from an extended New Year break, currencies traded mostly sideways in early deals. However, the New Zealand dollar, often used as a proxy for risk appetite, slid to a two-week low of $0.62485. The Australian dollar likewise hit a two-week trough of $0.6756. The U.S.
03.01 / 01:04
JPMorgan
economy
Align
BlackRock
performer
2020
recommendations
2024
High-Grade Bonds Poised for a Comeback: Wall Street's 2024 Credit Forecast
Quiver Quantitative — In a strategic shift for 2024, major financial institutions including JPMorgan (JPM) and Morgan Stanley (MS) are projecting that U.S. investment-grade bonds will outperform speculative-grade, or junk, debt for the first time in four years. This outlook aligns with the anticipation of interest rate cuts and a decelerating economic environment. Bank of America (BAC) echoes this sentiment, favoring higher-rated bonds due to the expected challenges in credit markets, including rising rates, fluctuating earnings, and bond issuance dynamics.
02.01 / 23:46
02.01 / 22:13
Reuters
2020
Corcept loses patent spat against Teva, shares tumble
(Reuters) -A U.S. judge ruled in favor of Israel's Teva Pharmaceutical Industries (NYSE:TEVA) in a patent infringement lawsuit brought by Corcept Therapeutics (NASDAQ:CORT), sparking a frenzied sell-off in shares of the California-based drug developer.
02.01 / 20:59
Fox
Experts
2020
testing
Americans in these states will pay less in taxes this year
Market expert D.R. Barton discusses the possibility of a soft landing in 2024, and which job and financial trends are bolstering his predictions.
02.01 / 20:37
Citi
Target
Cooper
2020
reports
Department
fall
Govt reviewing onion export ban, as local prices fall
Weeks after the imposition of a ban on onion exports, the government is assessing the situation and is likely to reconsider the decision to stem sharp fall in the mandi prices of the vegetable.
02.01 / 17:20
Citi
Strategy
pandemic
audience
hospital
2020
VRO Hospitality raises $10 million to expand
₹300 crore, and 250 restaurants in the next four years, with $250 million in annual revenues, Thomas said. “We have added 17 restaurants in the last year, and have 13 more in the pipeline. We have aggressive plans and 80% of the funding will go into acquiring new properties and expansion.
02.01 / 16:29
Citi
Remark
country
information
2020
reports
BJP accuses Owaisi of making provocative remarks on consecration of Ram temple
AIMIM chief Asaduddin Owaisi of provoking the country's youths by «communalising» the consecration of the Ram temple in Ayodhya. Rural Development Minister Giriraj Singh said both Hindus and Muslims in India have the «same DNA», and urged Hindu youths to pledge that no attacker will be able to harm the Ram Temple in Ayodhya. He was reacting to Owaisi's reported remarks where, while referring to Babri mosque, the AIMIM asked the Muslim youths if they don't feel the pain that «the place where we sat and recited the Quran for 500 years is not in our hands today».
02.01 / 11:47
Reuters
Manufacturing
Browser
Bitcoin
show
2020
recommendations
Marketmind: New year, old plot
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02.01 / 11:20
Apple
economy
NVIDIA
show
performer
stage
2020
Dow futures tick higher after a robust 2023
Investing.com — Stock futures held steady in overnight trading on Monday, setting the stage for the commencement of the new year. This comes after a surprisingly robust 2023, which saw the S&P 500 rally by 24%.
02.01 / 11:16
Provident
Manufacturing
show
performer
track
2020
economic data
Dollar edges higher ahead of key economic data, including payrolls
Investing.com — The U.S. dollar edged higher in early European trade Tuesday ahead of this week’s key economic data that may provide clues on the Federal Reserve's next moves.
02.01 / 10:44
Assurant
2020
strain
2024
Will India, China bury the hatchet in 2024? Jaishankar says a lot depends on…
this relationship will find it difficult to progress." Jaishankar recalled the standoff between Indian and Chinese troops in Ladakh's Galwan Valley and said, "Today, part of the problem is exactly because... that in 2020, agreements were disregarded and mutuality at which this relationship is predicated has not been followed...when you ask me where would it go, I would say a lot of it depend on what is the Chinese policy." "It takes two hands to clap..." Jaishankar said.
02.01 / 10:37
Citi
economy
President
show
country
2020
The Voters Who Decide Elections Don’t Like What They See
Tony Grauslys, a 56-year-old merchandiser from Hudson, N.H., is upset that lawmakers focus on other countries’ problems when America can’t fix its own. Marvin Jenkins, 60, a retired state trooper in Saginaw Township, Mich., worries that both leading presidential candidates are too old. Juliet Will-Robinson, 38, a graduate student from Freemansburg, Pa., wishes there was a viable third-party alternative.
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