End Financial News

Wall Street ended lower on Wednesday after the Federal Reserve's minutes showed central bank officials were divided over the need for more interest rate hikes at their last meeting. The minutes of the Fed's July monetary policy meeting showed most policymakers continue to prioritize the battle against inflation, adding to uncertainty among investors about the outlook for interest rates.

A lawyer for a prominent Memphis couple with a longstanding relationship to former NFL player Michael Oher says that they want to end a conservatorship that he’s challenging in court

By Howard Schneider

Apple has relocated the position of the red end call button from the lower right to lower middle of the screen. Previously, a report surfaced that pointed out that with the beta release of iOS 17, the call button was aligned right side. Reportedly, the repositioning of call screen controls by Apple appears to have been aimed at creating space for the Contact Posters, a novel feature of iOS 17.

Economic Times has reported. As per the report, PM Modi, Amit Shah, Rajnath Singh JP Nadda are among the 15 members who will be attending the meet. Apart from the CEC members, the state president and the organisation secretary of the states which will go for elections by year-end will be attending the meet.

The waning of a factor helping to push down inflation means the Bank of Canada will be relying on a pronounced slowdown in the economy this fall to keep prices from rising more, experts say.

Indonesia is all set to launch its own Golden Visa programme by the end of 2023. The popular tourist destination is working to change its immigration policy in order to promote foreign investment and attract international entrepreneurial and business talent. Speaking to reporters after a recent press conference Indonesia’s Minster for Tourism and Creative Economies, Sandiaga Uno revealed that the ‘golden visa’ will be rolled out by the end of the year. “We want to make sure that the Golden Visa offer is attractive for foreign tourists to invest and stay longer in Indonesia. We hope for certainty (launch) before the end of the third quarter,” Uno said. As per the initial announcement, the new residency-by-investment visa was slated to be available by June 2023.

Manipur CM N Biren Singh says, "I wish a very happy 77th Independence Day. I convey my message to the people of the state to restore peace and normalcy. I appeal to all to end violence and live together peacefully as before."

Nasdaq closed higher on Monday as shares of chipmaker Nvidia surged following a bullish note from Morgan Stanley, leading gains in other megacap growth stocks. Nvidia jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on a stellar revenue forecast pointed to the game-changing potential of artificial intelligence. The rally in the chipmaker's stock pushed the information technology index 1.85% higher, making it the strongest of 11 S&P 500 sector indexes.

India's wholesale inflation had contracted 4.12% in June, data showed on Monday. On a month-on-month basis, the index stood at 1.95%. The 30-share BSE benchmark Sensex recovered 580 pts from day's low and ended 79 points or 0.12% higher at 65,401.

Nifty ended flat on Monday as investors awaited India's consumer price inflation (CPI), or retail inflation, prints for the month of July which is expected to see an uptick because of the recent rise in vegetables, pulses and cereals prices. A sharp uptick in inflation may weigh on market sentiment which already appears to be in a consolidation phase. Sensex and Nifty are about two per cent down in August so far.

Bitcoin (BTC) is painting a classic August picture as it starts the new week — volatility is nowhere to be seen.

EV strategy on the lines of a phased manufacturing plan (PMP), ToI reported on August 14. This is part of a plan to woo global auto biggies such as Tesla in the high-end electric vehicles market. The new plan is likely to be company-agnostic and cater to the needs of the entire industry, besides playing a role in boosting the EV ecosystem in India, the report said.

Bloomberg . Even so, some investors have been pouring into the Treasury market, drawn by the higher interest rates and concern that this year’s stock market rally is unsustainable. That’s put US Treasuries on course for a record year of inflows, according to Bank of America Corp.

OpenAI's ChatGPT has become the fastest-growing app in history after its launch in November 2022. Since its launch, it has created both excitement and alarm to replace human in jobs. Now a report by Analytics India Magazine has stated that the company might go bankrupt by the end of 2024.

electric scooter manufacturer in India at present, is looking to double its market share in the e-scooter market to 25-30% by the end of fiscal year 2024, a top company executive told Mint. The company hopes to be able to produce 20,000-units each month by then. The company is also working on a new scooter platform, and will expand its offering to segments beyond performance scooters, into the family, convenience, and value segments, where rivals such as TVS Motor Company and Ola Electric play.

MUMBAI : Biocon Biologics Ltd expects to conclude the merger with Viatris’ biosimilars portfolio in FY24, chief executive Shreehas Tambe said on Friday. “We are looking to complete the transition ahead of time. We planned a two-year transition.

Electric vehicle sales in the country are expected to hit the 10 lakh annual sales mark by the end of the decade, Tata Motors, which anticipates green vehicles to account for 50 per cent of its total sales by that period, said on Friday. The Mumbai-based auto major, which crossed 1 lakh cumulative EV sales milestone, currently gets 14-15 per cent of its overall sales from electric models on a quarterly basis. «Five years back, electric vehicles used to sell just 90 units a month. Today these sell 8,500 to 9,500 units a month, which is like 100 times more...five years back the industry had sold about 2,000 cars and we are talking about already an annualised run rate this year of more than one lakh units so it's a 50 times growth,» Tata Motors Passenger Vehicles Managing Director Shailesh Chandra told reporters. Chandra, who also heads the company's passenger electric mobility vertical, noted that with enhanced charging infrastructure and with other automakers also entering the EV space, the vertical is set for sustained growth.

real estate and infrastructure projects – and all three are sputtering. Since the shock of the global financial crisis of 2008, Beijing has tried to build a fminourth growth engine – domestic consumption. But the share of consumption in GDP growth is down to 32.8% from 54.5% in 2021.

Wall Street's main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy's longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%.

NEW DELHI : The loss of Indian Premier League (IPL) streaming rights blew a hole in the subscriber base of Disney+ Hotstar in the June quarter, with 12.5 million users choosing not to renew their subscriptions. Walt Disney Co. said the subscriber base at its video streaming platform shrank 24% from 52.9 million to 40.4 million, the sharpest fall in any quarter yet.