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Norfolk Southern's costs related to the East Palestine derailment have grown to reach $966 million

The White House is asking lawmakers for nearly $56 billion in emergency spending for disaster relief, child care funding and broadband

personal finance strategy without factoring in unexpected medical expenses is practically impossible in today’s world. It wasn’t too long ago when the world experienced an unparalleled health crisis in the form of a deadly pandemic, the after-effects of which can still be felt with long-term health issues. On top of that, the cost of healthcare is rising across the world.

Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, «we covered our bond short» some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. «The economy is slowing faster than recent data suggests,» Ackman said in the post, adding «There is too much risk in the world to remain short bonds at current long-term rates.» The Financial Times first reported news of the gain. Stocks including Chipotle Mexican Grill, Alphabet Inc, Restaurant Brands International, and Canadian Pacific Kansas City Limited make up the bulk of the Pershing Square portfolio, which is mainly set up to benefit from equities moving higher.

Zerodha Broking and Smallcase Technologies, launched its maiden funds — Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund. Both are open-ended, passive, index equity mutual fund schemes with the minimum amount of investment being Rs 100 and Rs 500, respectively. The NFOs will close on November 3. The schemes will replicate the Nifty LargeMidcap 250 Index, with the ELSS having a mandatory lock-in of 3 years. The 250 stocks of the Nifty LargeMidcap 250 Index are the combination of the universe of stocks forming part of the Nifty 100 Index and Nifty Midcap 150 Index.

Ford agreed to a record 25% hourly wage hike over the life of the contract, which exceeds four years. With cost-of-living allowances, the top wage rate is expected to increase by 33%. The top pay will be over $40 an hour, the union said.

By Tatiana Bautzer

World Cup 2023 match at M. Chinnaswamy Stadium, Bengaluru. England vs Sri Lanka Bengaluru ODI is a day-night match and will start at 2 pm.

Muthoot Finance sold a gold loan portfolio of Rs 725 crore to Asset Reconstruction Company of India (Arcil) on a par, said two people with knowledge of the matter. This is the first time a gold loan portfolio is being sold by a lender to an asset reconstruction company (ARC). Most lenders prefer in-house recovery since the value of gold is adequate to cover the value of the loan disbursed. Muthoot did not take a significant haircut as gold value has appreciated and the transaction is structured in a way that upside would be shared by the Avenue Capital backed ARC with the finance company. Kerala-based Muthoot Finance sold the gold loan portfolio under the 15:85 structure wherein 15% of the consideration is paid in cash and the balance is in the form of security receipts. Muthoot Finance and Arcil did not respond to ET’s request for comments. Muthoot Finance has a leadership position in the gold loan business and gold loan portfolio is about 86% of its consolidated book, as on June 30, according to a report by Icra Ratings dated August 28. Muthoot’s gold loan book has more than doubled over the last five years to Rs 66,039 crore as of June 2023, Icra has stated. Most banks and finance companies have resorted to auctions of gold to recover their dues. In the fiscal years 2023 and 2022, gold loan auctions undertaken by Muthoot Finance stood at Rs 2,203 crore and Rs 5,211 crore, respectively.

National Financial Reporting Authority has shot off queries to audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms regarding audit practices they followed while auditing Adani companies. The Adani Group said it has complied with relevant accounting standards and applicable laws. The requested audit information extends up to FY22 and, in certain instances, covers the last decade, said a source close to the matter.

A combination of factors like the Russia-Ukraine war, recession in the US and China, and the growing popularity of labgrown diamonds have led to fall in prices of polished diamonds. The Indian diamond trade that cuts and polishes 9 out 10 diamonds available in the world has inventory in hand it wants to sell off in the domestic market at a lower price, giving a chance to Indian buyers to own bigger diamonds at a lower price. “The fall in prices of diamonds have resulted in a 20 percent hike in sales this Dussehra at our stores pan-India,” said Suvankar Sen, managing director & CEO of Senco Gold & Diamonds.

Hurricane Otis slammed into Mexico’s southern Pacific coast as a Category 5 hurricane early Wednesday morning after “rapidly intensifying” in strength in a matter of hours.

Xi Jinping's demand for total obedience and the elimination of any potential rivals within the ruling Communist Party, analysts say. State media this week confirmed that former defense minister Gen. Li Shangfu and former foreign minister Qin Gang were «no longer serving in office,» but offered no details. The opacity of China's one-party authoritarian system creates huge speculation about why the officials left office and whether they will face legal censure.

Medicare Supplement Insurance, or Medigap, can help pay for Medicare Part A and/or Part B copays, coinsurance and deductibles, but shopping for plans isn’t always straightforward

Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas. 

LPL Financial’s employee advisor channel Linsco is opening a new office in Santa Barbara, California, after attracting a $200 million AUM advisor from Stifel.

CarTrade Tech share price rose nearly 4% on Wednesday's trading session following the decision by Sobek Auto India Pvt Ltd, the company's wholly owned subsidiary, to discontinue its own C2B operations of the auto transaction business. CarTrade Tech share price today opened at intraday low of ₹619.20 apiece on BSE.

local train services in Mumbai will be cancelled from October 27 to November 5, as Western Railway (WR) will be implementing blocks for commissioning. The cancellations will affect train services towards Virar and Churchgate. The reason behind these cancellations is the ongoing construction of the 6th line project, which aims to enhance the carrying capacity of the suburban train network.

This is the second of a two-part series based on the analysis of BSE 100 annual reports. The first part covered representation of women and disabled people in the workforce.

₹one crore by selling the same. Sounds incredible, but true! Two friends Salvatore Aiello and Monica Powers jointly designed – with the aid of ChatGPT — a tool called DimeADozen to test business ideas. For this, they pooled in a tiny investment called $185.

Telecom major Reliance Jio has deployed 85 per cent 5G network in India and has the capability to deploy one 5G cell in every 10 seconds, the company’s Chairman Akash Ambani said.