End Financial News

Bank of America Corp. strategists who join a growing chorus of optimistic Wall Street forecasters. The team led by Savita Subramanian is bullish on US equities for next year “not because we expect the Federal Reserve to cut, but because of what the Fed has accomplished." “The market has absorbed significant geopolitical shocks already," they wrote in a note on Tuesday, adding “US exceptionalism is intact." They see the S&P 500 closing at a record 5,000 by the end of 2024, which is 10% higher than Monday’s close.

IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum. Subscriptions at a High In November so far, non-banking financial companies (NBFCs) have raised Rs 3,500 crore through commercial papers (CP), bringing the total borrowing through the route for the year to Rs 20,100 crore, according to Icra. In 2022, NBFCs raised Rs 45,740 crore through the instrument.

Washington | The US Justice Department is seeking more than $US4 billion ($6 billion) from Binance Holdings as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange.

SpaceX launched its mega rocket Starship but lost both the booster and the spacecraft in a pair of explosions minutes into a second test flight

British Prime Minister Rishi Sunak says the U.K. is setting up a new science initiative to help develop flood-tolerant rice, disease-resistant wheat and other crops that are more resilient to climate change

(Reuters) -The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions.

Nvidia (NASDAQ:NVDA) earnings carry a lot of weight for the entire market because expectations for earnings growth from the chipmaker drive much of the success of the Magnificent Seven and, thus, the S&P 500. If you want to know why the Magnificent Seven has outperformed this year, it is primarily because of expected earnings growth of some 40% this year and then by 22% next year.

BSE Sensex ended lower by 139.58 points or 0.21% at 65,655.15 level while the Nifty 50 closed at 19,694 level, down 37.80 points or 0.19%. On the broader market front, the Nifty Midcap 100 hit a fresh all time high today, and closed 0.11% higher, while the Nifty SmallCap 100 closed flat (0.07%).

World Cup 2023: Australia defeated India by 6 wickets to lift the ICC World Cup trophy at Narendra Modi stadium on Sunday. The victory of the Kangaroos came as a major disappointment for Indians who were praying hards for team India's victory.

Members of the United Auto Workers union were close to approving contract agreements with Stellantis and Ford on Friday with voting at both companies overwhelmingly in favor

In the continuing saga of Ripple versus the United States Securities and Exchange Commission (SEC), recent developments suggest a leaning in favor of Ripple, a prominent figure in the cryptocurrency space. Legal experts and community stakeholders are weighing in on the potential outcomes and implications of the case. John Deaton, a leading cryptocurrency attorney, has offered his insight, framing the situation as a significant victory for Ripple, should the case settle for $20 million or less.

BSE Sensex ended lower by 187.75 points or 0.28% at 65,794.73 level while the Nifty 50 closed at 19,731.80 level, down 33.40 points or 0.17%. The broader market closed inched higher than the benchmark indices on Friday's session, the Nifty Midcap 100 closed 0.20% higher and Nifty Smallcap ended flat or 0.09% higher.

MOSCOW (Reuters) — France's Alstom (EPA:ALSO) is set to sell its 20% stake in Transmashholding (TMH) back to the Russian railcar manufacturer by the end of the year, the Interfax news agency cited TMH head Kirill Lipa as saying on Friday.

Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations

Dubai's record property prices are expected to start easing by the end of next year and slightly reverse by 5% to 10% in the next 12 to 18 months, according to S&P Global Ratings. «We do think the risk of a cyclical slowdown and potentially a mild reversal are increasing over the next 12 to 18 months,» Tatjana Lescova, S&P's associate director of corporate ratings, said at an event on Wednesday. «All the global economic uncertainty could affect the demand in Dubai.» Although prices are expected to increase a further 15% to 18% this year and then by another 5% to 7% next year when the market gradually slows down, according to S&P. Dubai's property market recently broke a decade-long record for home sales, while rental rates have jumped to unprecedented levels.

Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps). 

Drake, the Canadian hip-hop superstar announced on Wednesday that he will be releasing his brand new and latest EP (Extended Play) “Scary Hours 3” on Friday. As per reports, he made the announcement through a video that was shot in Roy Thomson Hall in Toronto. In the video Drake was seen and heard saying that he didn’t need to “appease” anyone. He further went ahead to say that he was very confident with his work that he could “disappear” for six months, a year and even two years. The video then shows the rap artist walking around the hall alone and then being served a glass of wine by a valet. He then says that he wasn’t a fan of disappearing only for the sake of a “mystery.” He continues saying that he hadn’t experienced something like this since 2015 and that feels like he was on drugs.

Markus Thielen, research head at Matrixport and founder of DeFi Research, expects Bitcoin’s bullish momentum to persist and drive prices toward $40,000 by the end of the year. 

Stock investors are getting early Christmas presents: Third-quarter corporate earnings were strong and inflation keeps heading lower. With all the good news already priced in and bond yields offering stiff competition, though, there is less room for the usual seasonal rally. Investors are feeling optimistic following Tuesday’s lower-than-expected inflation data.

Here are the latest updates on the Israel-Hamas warUS President Joe Biden said that Israel war in Gaza to stop 'when Hamas no longer maintains the capacity' to murder. Biden added he made it clear to Israelis it would be a mistake to occupy Gaza.In a video by the Israeli Air Force, the military launched a strike on a Hezbollah post in Lebanon.

Goldman Sachs equity strategists are out with their 2024 outlook for the U.S. equity market.