Citi Financial News

By Melanie Burton

Kansas City Chiefs' Super Bowl parade on Wednesday, a shooting took place, leaving 22 people injured, including eight children, and one person dead. The victim, identified as Lisa Lopez-Galvan, a DJ for Kansas City's KKFI, was among those hit by gunfire, the radio station confirmed. “This senseless act has taken a beautiful person from her family and this KC Community,” the station said in a statement.

Indian Meteorological Department (IMD) has forecasted moderate to heavy rainfall in several parts of the country till 21 February. The weather department has predicted isolated/scattered light to moderate rainfall accompanied by thunderstorms and lightning activity in isolated places over West Bengal & Sikkim, Bihar, Jharkhand on 15th February. Additionally, IMD has issued a yellow alert for heavy rainfall in Jammu & Kashmir, Ladakh, Himachal Pradesh on 18th February. «Widespread light/moderate rainfall/snowfall with Isolated Heavy Rainfall/Snowfall very likely over Jammu-Kashmir-Ladakh-Gilgit-Baltistan-Muzaffarabad, Himachal Pradesh on 18th February, 2024,» the weather department said. In Delhi, RWFC Delhi has predicted mainly clear sky with shallow to moderate fog in the morning. The minimum temperature in the city today is likely to be 9 degrees Celsius and maximum temperature at 25 degrees Celsius. At 6.30 am, the overall air quality in the national capital is recorded at 300 which is in ‘poor' category, the Central Pollution Control Board data states.

Super Bowl win, authorities said, as terrified fans ran for cover and yet another high-profile public event was marred by gun violence. One person was killed. Kansas City Police Chief Stacey Graves detailed the shooting's toll at a news conference and said three people had been taken into custody.

(Reuters) -New York City Mayor Eric Adams said on Wednesday that his administration has filed a lawsuit against social media companies including Meta Platforms (NASDAQ:META)' Facebook and Instagram for fueling mental health crisis among the youth.

The South Carolina House has given key approval to a bill allowing liquor stores to open for a few hours on Sunday if their local governments allow it

With this year’s Super Bowl being played in Las Vegas, the nation’s gambling capitol, there was little doubt that betting on the big game would be huge

Kansas City, Missouri, on Wednesday in the vicinity of the landmark Union Station, where a Super Bowl victory parade and celebration were taking place for the Kansas City Chiefs, police said.Two armed people were taken into custody, police confirmed.“I’m angry at what happened today,” Kansas City Police Chief Stacey Graves said at a press conference.Graves said there were between 10 and 15 victims in total, “possibly 15,” but could not give details on their conditions beyond confirming one person had died. She said she did not believe any of the victims were children.Eyewitness video posted on social media platforms showed pandemonium outside the train station with dozens of uniformed police officers, weapons drawn, running into the building as scores of bystanders fled in the opposite direction.Graves said officers administered life-saving aid to the victims and commended their actions during a dangerous situation.“This is not Kansas City,” she said.

Reports this week in Mint on the government’s new quality-control orders on high-end luxury shoes from Louis Vuitton and Christian Dior included the gem that the shoes certified appropriate for pampered Indian women’s feet would be mandated to have an ISI stamp (a sign of Indian Standards Institute approval) to embellish them. This sounded like a comic skit of the new licence raj, written not by Kafka but by those who made Carrie Bradshaw and her love of swanky Jimmy Choo shoes a key theme of the TV series Sex and The City. Such certification is impractical.

Steven Guilbeault insists the federal government is funding new road projects, despite comments earlier this week suggesting otherwise which have infuriated Conservative premiers.On Monday, the environment minister told a crowd in Montreal “our government has made the decision to stop investing in new road infrastructure,” according to quotes published in the Montreal Gazette.“There will be no more envelopes from the federal government to enlarge the road network. The analysis we have done is that the network is perfectly adequate to respond to the needs we have.”When pressed by reporters two days later, Guilbeault said he “should have been more specific.”“Of course we’re funding roads,” he said Wednesday.

Love is in the air

Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and wall off TV streaming to avoid stifling competition

The Bayer Corporation has spent more than $10 billion to settle lawsuits that claim the popular weed killer Roundup causes cancer

₹1,500-1,600 crore in (FY25). If an opportunity comes for acquisition either in renewables, city gas distribution (CGD) space or any other, then we have the cash," he said, however, adding that there is no proposal available currently. City gas distribution (CGD), biogas and LNG will remain the core focus of investment plans.

Morgan Stanley reiterated an Overweight rating on Tesla stock (NASDAQ:TSLA) with a price target of $345, but analysts admitted there is not much reason to be bullish on the electric vehicle (EV) giant right now.

By Akash Sriram

Chamber of Trade and Industry (CTI). The CTI said that every day around three lakh people come from NCR for shopping. Due to farmers' movement, less than one lakh people are coming. According to Brijesh Goyal, chairman of CTI and president Subhash Khandelwal, the leading organisation of traders, the number of customers in Delhi markets has declined by 75 per cent, with more than 15,000 commercial vehicles have been stopped from entering the city and more than 25,000 commercial vehicles stuck in Delhi. Around three lakh buyers from NCR cities — Sonipat, Panipat, Rewari, Bahadurgarh, Narnaul, Gurgaon, Bawal, Noida, Faridabad, Ghaziabad etc — visit the markets of Delhi every day, the statement said.

Super Bowl brought a mix of emotions for Kylie Kelce! Accompanied by her husband Jason, 36, Kylie, 31, settled into their plush suite at Allegiant Stadium in Las Vegas to support Jason's brother, Travis Kelce, 34, and the Kansas City Chiefs.

London Fashion Week is set to kick off on Friday, marking its 40th anniversary this year. The event will showcase the autumn/winter lines of both new and established designers, while fashion enthusiasts join in the celebrations. The British Fashion Council (BFC) will open the London Stock Exchange on Thursday, and iconic landmarks like Covent Garden and the London Eye will be illuminated in green to honor the creative industry's contribution to the British economy. According to the BFC, UK womenswear and menswear sales reached a staggering £47.5 billion ($59.6 billion) last year, highlighting the significance of the fashion industry. The BFC, established in 1983, hosted its first London Fashion Week a year later. London Fashion Week is renowned as one of the premier fashion events worldwide, alongside New York, Milan, and Paris. It is particularly recognized for its platform for emerging talent and avant-garde trends, which have launched the careers of notable designers like Alexander McQueen and Stella McCartney.

SOTC Travel is aiming for a healthy, double digit growth in business this year, and 2024 could be an even better year for the company compared to 2023, said MD Vishal Suri in an interview with ET. «Our forward bookings are looking stronger for the summer. Well-heeled Indians are travelling 7-8 times a year, and I see other industry leaders stating that people are spending more on travel and experiences,” he said. “We hope more countries will ease entry requirements for Indians as a lot of short haul destinations are realising the spending power of Indian travellers,» he added.

Volatile market conditions and uncertainty are stressful for traders, and a new study looks at how they respond to losses.