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gold closed with a loss of 1.08% at $1938.28 Friday as safe haven demand for the metal is weakening due to no further escalation in the ongoing Hamas-Israel war. Israel has agreed to four-hour pauses in the Gaza strip to allow humanitarian aid and assistance. It has been reported that Hamas and Israel are negotiating over release of the hostages, pauses and aids.

For now, the agency has maintained its Aaa rating on US government debt. The US Treasury immediately voiced its disagreement with Moody's decision. «The American economy remains strong, and Treasury securities are the world's preeminent safe and liquid asset,» Deputy Secretary of the Treasury Wally Adeyemo in a statement. «The Biden Administration has demonstrated its commitment to fiscal sustainability, including through the more than $1 trillion in deficit reduction included in the June debt limit deal as well as President Biden's budget proposals that would reduce the deficit by nearly $2.5 trillion over the next decade.» The US budget deficit, published last month for the 2023 fiscal year ending September 30, has widened to $1.7 trillion. Due to interest rate hikes by the US central bank to curb inflation, the cost of debt for the United States has ballooned, with Washington paying $162 billion more for interest in the last fiscal year compared to 2022.

Reykjavik could be heavily damaged by a volcano expected to erupt within hours or days, experts said on Saturday. The town of Grindavik on the southwestern coast was evacuated in the early hours of Saturday after magma shifting under the Earth's crust caused hundreds of earthquakes in what was believed to be a precursor to an eruption. «We are really concerned about all the houses and the infrastructure in the area,» Vidir Reynisson, head of Iceland's Civil Protection and Emergency Management told AFP. The town — around 40 kilometres (25 miles) southwest of Reykjavik — is located near the Svartsengi geothermal plant, the main supplier of electricity and water to 30,000 residents on the Reykjanes peninsula, as well as a freshwater reservoir. Grindavik is also near the Blue Lagoon geothermal spa resort, a popular tourist destination which closed as a precaution earlier this week. «The magma is now at a very shallow depth, so we're expecting an eruption within a couple of hours at the shortest, but at least within a couple of days,» Reynisson said.

data law will restrict the scope of their operations, legal experts aware of the matter said. The Digital Personal Data Protection (DPDP) Bill, which received the President’s assent on August 11, has proposed that companies and businesses — which collect and store user data and are termed as data fiduciaries — cannot process the personal data of any user without explicit consent. It requires them to specifically state the “purpose” for which data is collected and to also delete information when user consent is withdrawn.

Mutual fund investment: Diwali is considered an auspicious occasion to start a new investment. It is believed that such investments bring prosperity and sound financial condition.

₹50,580 per 10 gm to ₹59,654 per 10 gm levels on Multi Commodity Exchange (MCX), logging to the tune of 18 per cent. Since Diwali 2022, silver price has ascended from ₹57,748 per kg to ₹70,025 per kg levels, registering more than 21 per cent rise in this time duration. However, comparing this return against key benchmark indices of Indian stock market, both precious metals have generated alpha return against Indian stock market.

Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? These results can be attributed to increased efficiencies, a decrease in commodity prices, and a steady demand environment. “The combination of stable yields and the Indian Rupee (INR), along with limited investment opportunities in sluggish markets like China, is anticipated to channel Foreign Portfolio Investment (FPI) into the Indian market," Ambani said in a note.

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus.

BSE Sensex logged its second consecutive weekly gain, supported by declining US bond yields and lower crude oil prices after the US Federal Reserve's rate pause decision. On the stock-specific front, 45 smallcap stocks logged gains in the range of 15 per cent - 40 per cent last week, outperforming the index.

A new large study finds that the popular weight-loss drug Wegovy reduced the risk of serious heart problems by 20% in certain patients

Last year, consumers lost $8.8 billion to scammers, and the Federal Trade Commission says older adults lost the most money compared to other age groups

Fans have pushed the Fisher-Price Corn Popper into the National Toy Hall of Fame

Bitcoin is climbing for a fourth consecutive week, with the digital token’s price lingering just below an 18-month high of $38,000, as more investors bet that US exchange-traded funds that hold the largest cryptocurrency are on the verge of winning regulatory approval. “We are referring to the current Bitcoin rallies internally as, ‘nothing for sale’ rallies, said Stephane Ouellette, co-founder and chief executive of FRNT Financial. “On even the slightest positive news, whether ETF related or otherwise, Bitcoin is seeing very little resistance to the upside and is having the propensity to ‘gap.’ The dynamic speaks to the impressively strong price base Bitcoin has developed post-FTX.” Bitcoin rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried’s FTX exchange a year ago from tomorrow. The US Securities and Exchange Commission is expected to approve a spot Bitcoin ETF by Jan. 10, according to Bloomberg Intelligence analysts. Bitcoin has surged almost 40% over the past four weeks on growing speculation that approval was imminent.

When it comes to making money in the stock market, one name stands out like a shining beacon of success – Warren Buffett. You may have heard of him, the “Oracle of Omaha,” but do you know what makes his investment strategy so special? Let’s dive into the world of Warren Buffett’s investment philosophy, and by the end of this article, you’ll have a clearer picture of the man behind the magic.

ICC Men's World Cup 2023 semi-final race, following a poor show in the tournament, reports arrived on 11 November that Azam is all set to relinquish his captaincy role in the white-ball format post the campaign. According to a report by Geo Super, Azam may resign from the leadership roles in ODIs and T20Is after the World Cup in India. The report added that he has been seeking guidance from former PCB chairman Ramiz Raja and those close to him on his future.

By Troy Merida

Sun TV Network's net profit increased 13.86% for the fiscal quarter ended September 30 to Rs 456.24 crore, up from Rs 400.71 crore in the previous fiscal quarter. EBITDA grew 36.48% from Rs 524.78 crore to Rs 716.21 crore. Domestic subscription revenue increased by 5.34% to Rs 418.23 crore, increasing operating revenue by 28% to Rs 1,017.98 crore. Total revenue for the quarter increased by 27.48% to Rs 1,125.08 crore. Sun TV Network has TV channels in six languages, an OTT platform called Sun NXT, and FM radio stations all over India. It also owns the SunRisers Hyderabad team in the Indian Premier League and SunRisers Eastern Cape in the South African Twenty20 League. The company's board has declared an interim dividend of Rs 5 per share.

stocks as oil prices fell, even as hawkish US Federal Reserve remarks reignited rate worries and dragged Asian peers. The NSE Nifty 50 index added 1.01% for the week, while the S&P BSE Sensex gained 0.84%. Here's how analysts read the market pulse: «Nifty exhibited volatility throughout the day, rebounding above the 21-day exponential moving average (EMA). However, the substantial Open Interest (OI) buildup at 19500, particularly from Call writers, suggests a protective barrier that may impede further upward movement for Nifty.

Dhanteras is among the favourites. In India, people invest in Gold for long-term gains. That is why Indian households have the highest reserves of Gold, roughly 21000 tonnes.

selling spree in the Indian market, pulling out their money for 9 weeks in a row. In fact, this is the 3rd largest selling streak by FIIs since the year 2000. They have withdrawn Rs 39,794.6 crore in this streak.

Middle East could upend countries’ inflation and growth calculations, leading to a higher than expected inflation for India as well, according to Fitch Ratings. “Higher oil prices would lead to higher-than-expected inflation rates in 2024, followed by corrections in 2025.