Extreme Financial News

“(Market) Predictions Are Difficult…Especially When They Are About The Future” –  Niels Bohr

Louise Smoczynski is enjoying a quiet retirement in Madison, Wis., but she and her friends are starting to have health problems. Ken Diller is a biomedical engineering professor in Austin, Texas, who has taught for 50 years and isn’t ready to spend his days relaxing on a beach. They have one thing in common: They were born on Nov.

G20 Summit, where India flagged the presence of Khalistani extremists in Canada, Prime Minister Narendra Modi was given an open death threat by Gurpatwant Singh Pannun at an event in Canada just as Canadian PM Justin Trudeau left for his country. The chief of the banned US-based Sikhs for Justice (SFJ) outfit, Pannun, was speaking at a referendum organised in Surrey, Vancouver at the Guru Nanak Singh Gurudwara on September 10. In his address, he openly threatened of ‘political death’ of PM Modi, Union Home Minister Amit Shah, and EAM S Jaishankar in India.

UNDP) and the National Bank for Agriculture and Rural Development (NABARD) have signed a Memorandum of Understanding (MoU) to co-create data-driven innovations in agriculture and food systems to support smallholder farmers. Under this MoU, both organizations will work to improve the lives and livelihoods of smallholder farmers by sharing open-source data for product development, transfer of technology and supporting the framing of agrarian policies. The MoU was signed by Chief General Manager of NABARD, Mr. Sanjeev Rohilla, and UNDP Deputy Resident Representative, Ms.

New Delhi: The India Meteorological Department (IMD) has forecast a low-pressure system developing over the northwest and west-central Bay of Bengal in the next 24 hours. The system is expected to intensify and move west-northwest across the coasts of south Odisha and North Andhra Pradesh, generating widespread rain in northwest India through Saturday. A trough extending from southwest Uttar Pradesh to the Bay of Bengal is likely to cause thunderstorms and isolated heavy rainfall over southern Uttar Pradesh today, and in Uttarakhand from Wednesday to Saturday.

Aditya Agarwala, Co-Founder & Director, Invest4edu, says “correction in the broader markets is around the corner because clearly if you take a look at high time frame charts, if you plot the indicators on a high time frame chart – I am talking about RSI here – you clearly get extreme overbought levels on the monthly and the weekly chart time frame. This is not something which comes across so often and so frequently.”What do you make of the sudden sharp downtick that we are seeing in the midcaps and smallcaps? Is it a one-day move? Is it like a knee-jerk reaction or it is a reversal of trend now and midcaps and small caps are headed lower?To be honest, this is something that I have been talking about for some time, correction in the broader markets is around the corner because clearly if you take a look at high time frame charts, if you plot the indicators on a high time frame chart – I am talking about RSI here – you clearly get extreme overbought levels on the monthly and the weekly chart time frame. This is not something which comes across so often and so frequently.

Except today, when the midcap index is under more pressure as compared to other indices, for the last four months midcap stocks have been on a tearing rally. Some of these stocks are witnessing a rally because their Q1 results have been better than what the street has been expecting.

Shoaib Akhtar has lauded India's impressive triumph over arch-rivals Pakistan, hailing Rohit Sharma's team for their exceptional performance. India's remarkable victory, led by splendid centuries from Virat Kohli and KL Rahul, secured a dominant 228-run win over Pakistan, placing them at the top of the Super Fours standings with 2 points from 1 match. In contrast, Pakistan stands third in the points table with 2 points from 2 matches.

Devang Mehta, Director – Equity Advisory, Spark Private Wealth, says “we have been maintaining that HDFC Bank is going to now enjoy the economies of scale. The synergies of HDFC and HDFC Bank which now becomes a sort of behemoth or a conglomerate in terms of its banking strengths as well as housing finance strengths. Both of them as they are integrated together and HDFC will benefit from lower cost of funds from HDFC Bank and get to use each other's synergies as well. ”Do you see the return of the banking names and if yes, which stocks will lead the rally?There are a plethora of factors which I was just looking at when you talk about the banking index or banking stocks. On the fundamental front, if one can argue, in 2018, in the entire banking system collectively the NPAs were roughly around 11% and now this is roughly around 4% with extremely strong credit growth, extremely strong capex, government induced capex as well as private sector induced capex.

Sanjiv Bhasin, Director, IIFL Securities, says “there was the milestone of 20,000 and that has been breached. Now it is going to be stock and sector specific but ownership of stocks is what makes wealth and that is why one has to just stay put. So, yes, four-five names are there which can still outperform and help us enjoy the party.”You had told us just a few days ago that Nifty@20,000 is likely to happen in September and here it is.Yes, good you remembered. I told you it will come in the next week itself and it has come faster than I thought. It tells you that the feeling of missing out (FOMO) is humongous and after the huge rally we have had in power/defence/PSUs, it is the turn of the index heavyweights and this is just starting.

New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, new figures indicate

Bank of Japan policymakers are increasingly talking up the need to shift away from the massive monetary stimulus of the past decade, even as growing global risks heighten concerns about a fragile economic recovery. A series of hawkish comments by BOJ speakers in recent weeks suggest the bank is preparing markets for an eventual policy change amid growing price pressures in deflation-prone Japan, analysts say. Even dovish members of the BOJ board have expressed an openness to talk about a long-awaited exit from the extremely accommodative policy of former governor Haruhiko Kuroda, acknowledging changes in conditions may warrant a tweak in monetary settings. Governor Kazuo Ueda told a newspaper interview on Saturday the BOJ could get enough data by year-end to judge whether conditions are in place to raise short-term interest rates. Ueda's remarks, which pushed up the yen and bond yields on Monday, followed those of BOJ board member Naoki Tamura last month that suggested the bank could safely hike short-term rates without hurting the economy. «Even if the BOJ were to end negative rates, it won't be scaling back monetary easing as long as it can keep interest rates low,» said Tamura, a former commercial bank executive. The commentary contrasts in tone to the pro-growth posture adopted under Kuroda, an advocate of aggressive monetary easing to shock Japan out of its deflationary mindset. It also suggests the BOJ under Ueda will be more inclined to prioritise unwinding the Kuroda-era policy framework, which has been blamed for distorting bond markets and crushing bank margin. «The BOJ will proclaim that Japan has achieved 2% inflation and end negative rates in April,» said Mari Iwashita, chief market economist at Daiwa

Elon Musk is unveiled as a complex character in an eagerly-awaited biography by Walter Isaacson, the man renowned for chronicling the lives of Steve Jobs, Albert Einstein and Leonardo da Vinci. Driven by what some describe as a "demonic" zeal, Musk's multifaceted life—from his early struggles with an overbearing father to his recent unorthodox management decisions—gets a closer look. Isaacson's book on Musk has already become a bestseller in the United States, even before its official release.

G20 Summit in India. Trudeau needs to stay back in India till the engineering team on the ground rectifies the issue, the officials from the airport earlier told news agency ANI. A backup plane and spare parts are en route to India for the Canadian Prime Minister.

In a regular press briefing on Monday, the US State Department official spokesperson Matthew Miller told reporters, «We absolutely believe it was a success. The G20 is a big organisation.

The deadly firestorm in Hawaii and Hurricane Idalia’s watery storm surge helped push the United States to an annual record for the number of weather disasters that cost at least $1 billion

Sports betting company DraftKings has apologized after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games

A tortilla chip maker’s decision to pull its extremely spicy product sold as a “One Chip Challenge” from store shelves following the death of a Massachusetts teen has renewed attention on the popularity — and risks — of similar dares marketed by brands...

PHOENIX—When Darrian Anagal heard about a house on the outskirts of this city where addicts like her could live and receive help getting sober at no cost, she decided to give it a try. Days after the 29-year-old Navajo tribal member arrived, she noticed people smoking methamphetamine and drinking in their rooms, as well as selling drugs to housemates, she said. She moved to a second sober-living home, where the house’s owner gave residents a gram of marijuana for every day they stayed.

The price of SOL has dropped by 3% in the past 24 hours, falling to $17.72 after speculation emerged that FTX is readying itself to offload its Solana-related holdings.

Anthony Heredia, MD & CEO, Mahindra Manulife, says “smallcaps are clearly the winner of the last three to six months, but we personally believe that investors should be thinking about diversifying across caps at this point and within that, either you look at multi or flexi cap or you choose largecap from a three- to five-year perspective is our view.”The Street is shouting that the smallcap and the midcap end of the market is getting very crowded and very stretched but the retail end of the market continues to pour in record numbers in mutual funds via the SIP data. What is your view?The numbers look very positive and it is not just the SIPs; at least the August month data seems to be an all-round success. Obviously, small and midcaps continue to see flows, but you will interestingly see that a number of NFOs that were there in the month in sectoral or multi-cap themes did equally as well and the SIP numbers continue to be strong. I have said before that SIP numbers in 24 months from now will be at least double of what they are today because given the market valuations, SIPs is not just a great way for retail investors to participate but a lot of high net worth investors are also using the systematic route either through SIPs or STPs to come in. So, all around, it is a very good show from the industry standpoint.