Extreme Financial News

San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease.

The red numbers in your 401(k) today might appear to vindicate warnings about an artificial-intelligence bubble and infirm economy. But don’t start tilting your portfolio toward full pessimism just yet. The S&P 500 opened down about 4% Monday, with the Nasdaq falling a larger 6%.

While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. According to a recent United Nations report, 71% of the world’s population now live in countries where inequality has increased. Unsurprisingly, this includes India and China.

Both transactions are forecast to be completed by the end of the first quarter of 2025 and will see UBP's assets under management swell by more than CHF 25bn. UBP said the Societe Generale's Swiss private banking branch and UK wealth management arm «have long been recognised throughout the industry», and added it hopes the acquisitions will complement the existing expertise within the firm.  UBP poaches Brown Shipley investment adviser Guy de Picciotto, CEO of UBP, said «We are extremely pleased to onboard skilled and experienced teams, and are looking forward to providing clients ...

With its population of 1.4 billion and a massive manufacturing industry, China is by far the world's largest emitter of the greenhouse gases that scientists say drive climate change and make extreme weather more frequent and intense. Until now the country had set itself climate targets based on the carbon intensity of its economic growth, meaning it set objectives to reduce its emissions per unit of wealth produced.

heavy rainfall is currently affecting several regions of India as the monsoon enters its active phase. IMD scientist Dr. Naresh Kumar on Sunday announced that western Madhya Pradesh, eastern Rajasthan, Gujarat, the Konkan region, Goa, and Maharashtra are all on high alert, with a red alert issued for these areas. However, the Delhi-NCR region is expected to remain dry for the next two days.

A remote landslide in B.C.’s Central Interior that’s blocking a river is still being closely monitored.

landslides in the early hours of July 30 in Wayanad will go down in Kerala’s history as one of the worst natural disasters the state has faced. It’s a calamity that has claimed over 200 lives, as per official data on Saturday morning, with the final figure expected to be much higher, razed homes and traumatised a society that still carries the scars of past disasters. In the aftermath of the tragedy, as a political blame game ensues between the Centre and the state, one of the immediate questions is to what extent the landslides could have been predicted and their effects mitigated. The other is, what can we do to contain the damage to life when—and not if—such phenomena recur, with climate change and human intervention exacerbating disasters? While landslides are very tricky to predict, it can be done as some other countries have shown, says M Rajeevan. The vice-chancellor of Atria University, Bengaluru, he is former secretary at the Ministry of Earth Sciences and former director of the Indian Institute of Tropical Meteorology. In an interview with Indulekha Aravind, he says, “It’s not an easy problem to solve, but if we don’t do it, who will?” Edited excerpts:

Mumbai rains LIVE Updates: The India Meteorological Department (IMD) issued a red alert for Pune and orange alerts for Mumbai and Thane for August 3 and 4. The cities are experiencing strong winds and heavy rains. Earlier, the RMC Mumbai issued a yellow alert for the financial capital.

Tata Electronics is set to have the Bhoomi Poojan function for its first chip assembly and testing unit at Jagi Road, Assam on Saturday. The event, which is likely to take place at 10:30 am is expected to be attended by Assam CM Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran. The Union Cabinet had in February approved proposals of three semiconductor plants, out of which two were in Gujarat and one in Assam, for an estimated cost of Rs 1.26 lakh crore.

Crippling drought from a nearly rainless year, along with record-high temperatures, is stressing farmers on the Italian island of Sicily

It’s no secret that estate planning is one of the most crucial aspects of financial planning and wealth management. In fact, it is so crucial that there are entire RIA firms devoted to it. Many clients don’t realize why estate planning is important, as many of them believe that preparing for their end-of-life wishes is simply about writing a will – a dangerous misconception.  

Bank of England cut interest rates from a 16-year high. Concerns about a widening conflict in the Middle East intensified this week after Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran on Wednesday morning, an attack that drew threats of revenge on Israel.

Weather is a common component of small talk, but few advisors would prioritize it in a retirement planning conversation with their clients. That could be a mistake.

The Georgia Ports Authority says it moved a record number of automobiles across its docks in the 2024 fiscal year, bringing it neck-and-neck with the top U.S. auto port

Arabian Sea is allowing the formation of deep cloud systems, leading to extremely heavy rainfall in Kerala in a shorter period and increasing the possibility of landslides, a senior climate scientist said on Tuesday. Extremely heavy rain triggered a series of landslides in the hilly areas of Kerala's Wayanad district early on Tuesday, leaving at least 45 people dead. Many were feared trapped under the debris.

₹2.64 trillion through CDs in the June quarter alone, accounting for about 30% of new deposits. This dependence on CDs, while growing, remains below levels seen in previous credit booms. For instance, between November 2010 and March 2011, facing a similar credit-deposit gap, banks raised ₹5 trillion through CDs, which was double the amount of deposits added during that period.

Nava Mau, renowned for her role in Netflix's acclaimed series «Baby Reindeer,» is set to join the cast of the fifth and final season of the hit psychological thriller «You.» Mau, who gained significant recognition for her portrayal of therapist Teri in «Baby Reindeer,» has been cast as Detective Marquez, according to news outlet Deadline. Her performance in «Baby Reindeer» earned her a Primetime Emmy nomination for Supporting Actress in a Limited or Anthology Series or Movie, marking a historic moment as she became the first transgender woman to receive this nomination.

Electric vehicles cost more to buy than gasoline cars, and they may lose value more quickly. Even for people eager to own a car with no tailpipe emissions, it's reasonable to wonder whether it makes sense to buy one now.