End Financial News

Federal Reserve will start cutting interest rates by mid-2024, sending Treasury yields plunging. A Bloomberg gauge of the dollar tumbled as much as 1.3 percent on Tuesday, the largest such drop since November 2022. It stayed close to the previous day’s close on Wednesday, helping propel the won and ringgit to the top of Asia’s currency rankings.

Efforts to create a landmark treaty to end global plastic pollution are advancing at a meeting where participants are discussing the treaty's draft language for the first time

Today could be decisive in terms of determining whether the stock market's year-end rally will materialize, as all eyes turn to the looming inflation report.

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Bikanervala will continue to be a reflection of his values – a place where every dish tells a story and every customer is part of our extended family," said Radhey Mohan Aggarwal, Director of Bikanervala Group and eldest son of Kakaji.Milestone Alert!Livemint tops charts as the fastest growing news website in the world

Investing.com — The Dow eked out a gain on Monday, supported by energy and health care stocks, but upside momentum was kept in checked as traders awaited fresh inflation data due Tuesday. 

Monday, November 13, 2023 – The Bitcoin price predictions are rolling in, and among the most bullish is $120,000 by the end of 2024 from Standard Chartered Bank – but Bitcoin ETF Token has raised $500,000 and could gain 10x at launch. 

BSE Midcap index rose 0.10 per cent while the Smallcap index ended with a nominal loss of 0.01 per cent. Also Read: Mid, smallcap valuations stretched: Ashoka Buildcon, Colgate Palmolive, smaller IT stocks top bets Also Read: Excitement and worry as stock options trading booms in India Shares of Coal India (up 5.26 per cent), Eicher Motors (up 1.69 per cent) and Hindalco (up 1.11 per cent) ended as the top gainers in the Nifty 50 index. Also Read: Coal India share price hits 52-week high as brokerages raise target price on strong Q2 results Shares of SBI Life Insurance Company (down 2.26 per cent), Bajaj Finance (down 1.25 per cent) and Grasim Industries (down 1.24 per cent) closed as the top losers in the Nifty 50 index.

On October 30, 2023, Snowtrace.io, a popular blockchain explorer tool dedicated to the Avalanche C-Chain, announced that it would be discontinuing its Etherscan-powered explorer effective from November 30, 2023 (00:00 UTC). This announcement came through a series of tweets from Snowtrace's official Twitter handle, @SnowTraceHQ. The Snowtrace team expressed their gratitude towards the Avalanche community (@avax) for their support over the last two years.

World Cup 2023, defending champions England ended their campaign on a high-note with a 93-run victory over Pakistan. The two teams clashed in the final league-stage match of the tournament, played at the Eden Gardens stadium in Kolkata. Opting to bat first, England posted a strong total of 337/9 in 50 overs.

Saudi Arabia and Muslim countries called on Saturday for an immediate end to military operations in Gaza, declaring at a joint Islamic-Arab summit in Riyadh that Israel bears responsibility for «crimes» against Palestinians. Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler, gathered Arab and Muslim leaders for the summit as the kingdom has sought to exert its influence to press the United States and Israel for an end to hostilities in Gaza. Dozens of leaders including Iranian President Ebrahim Raisi, Turkish President Tayyip Erdogan, Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Syrian President Bashar al-Assad, who was welcomed back into the Arab League earlier this year, attended the meeting. Prince Mohammed said the kingdom affirms its «condemnation and categorical rejection of this barbaric war against our brothers in Palestine».

N Jayakumar, MD, Prime Securities, says “it is a stock picker's market as far as the small and midcap end is concerned. We have to be really careful about IPOs. Almost by corollary and by default, we are extremely bullish on being in the larger end of the markets and from that point of view, there are a lot more buys in the larger end and the largecaps also offer a combination of liquidity, valuation comfort and the overall theme that India is the destination of choice for so many people has never been more amplified.” India is in great form not only on the cricket pitch, but also as far as markets are concerned. When you look at the comparative landscape, all the economies are suffering, markets are not doing great but we are barely under 5% from all-time high. We may not have done well on the index front but midcaps have been doing great for the longest period of time. Is this enthusiasm justified or are we seeing early phases of froth building in parts of the market? We have seen the froth build up in one, the small SME exchanges where IPOs have been going gangbusters, listing premiums have been large and virtually every company which has gone there has been able to sail through. It has also been there in some of the small and midcap end of the market. So, at least in the listed space, while we can talk about the space as a whole, inevitably veterans will tell you that we are able to dig out gems even in this market even though certain spaces are overheated.

Hollywood actors have reached a tentative deal with studios to end their months-long strike, the Screen Actors Guild (SAG-AFTRA) said Wednesday. «In a unanimous vote this afternoon, the SAG-AFTRA TV/Theatrical Committee approved a tentative agreement… bringing an end to the 118 day strike,» a spokeswoman said in a statement. «The strike officially ends at 12:01 am on Thursday, November 9.»

LOS ANGELES (Reuters) — The SAG-AFTRA actors' union reached a tentative agreement with Hollywood studios to resolve the second of two strikes that rocked the entertainment industry as workers demanded higher pay in the streaming TV era, the union said on Wednesday.

OSlash, which last raised $5 million from the likes of Cred founder Kunal Shah and Notion founder Akshay Kothari, on Wednesday said it will wind up operations by the end of this month. Shutting down OSlash will allow the company to return capital to investors “with dignity and humility. More importantly, we will channel lessons learned into our next adventure,” it said in a blog post, without sharing specific details.

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Electric vehicle maker Rivian says it will allow other companies to purchase its delivery vans, ending its exclusive agreement with Amazon

Morgan Stanley’s James Gorman, preparing to step down as the firm’s leader at the end of this year, said he will also vacate his post as chairman by the end of 2024.

Narendra Modi had a telephonic conversation with Iranian President Ebrahim Raisi on 6 November, regarding the ongoing Israel-Hamas conflict, reports have arrived that Raisi requested India to use 'all its capacities' to end the Israeli actions in Gaza. Raisi recalled India's struggles against Western colonialism and its position as one of the founders of the Non-Aligned Movement in the world, news agency ANI quoted in the Iranian readout.

NEW YORK (Reuters) — Many of the world's biggest multi-strategy hedge funds crossed the finishing line of a challenging October for markets with gains, sources familiar with the matter told Reuters.

Dallas Goedert is likely to miss time due to a fracture in his right forearm, media reports said on Sunday. The 28-year-old will undergo an MRI on Monday to determine the severity of his injury. Goedert was injured after Cowboys safety Markquese Bell twisted his arm on the tackle in the third quarter.