Extreme Financial News

election season, the government has sent advisories to the Election Commission (EC) for safeguarding against heatwave to reduce fatalities and illness. The country is expected to experience extreme weather difficulties in the form of increased number of heatwaves during the next three months, said Kiren Rijiju, minister of earth sciences, which operates IMD. During the general election there will be an increase in outdoor activity such as election rallies, meetings and campaigns, which could heighten public vulnerability to heatwaves, according to the National Disaster Management Authority (NDMA) which has sent advisories to the EC.

With the stock market sitting at an all-time high as the second quarter begins, the tells for what traders are thinking lie in the options market. Demand for put options that pay off if there’s a minor correction is around the lowest in years. Meanwhile, traders are quietly picking up tail-risk hedges: instruments that do little if there’s a slight downdraft but offer protection if stocks swing wildly.

Behind the blockbuster success of drugs like Ozempic and Wegovy is a less-noticed phenomenon: Some people don’t lose much weight on them. There is wide variation in weight loss on these types of drugs, called GLP-1s. Doctors say roughly 10% to 15% of people who try them are “non-responders," typically defined as those who lose less than 5% of their body weight.

Polygon Labs CEO Marc Boiron has lashed out at Layer 3 (L3) networks on the Ethereum blockchain, claiming they are unnecessary for scaling the network and only serve to drain value from the mainnet.

Daniel Kahneman, who passed away on 27 March at the age of 90, told us that our ability to make good decisions is not as easy as it appears. We rely too much on intuition for decisions that need deep and analytical thinking. Nowhere is this more apparent than in the process of making financial decisions. Here are the six mistakes Kahneman points out that can help investors avoid big money losses. 1.The Halo Effect The tendency to like everything about a person/management towards which investors have an affinity. A prime example is Asian Paints, a company that has been the darling of fund managers who look at ‘quality’ as their biggest parameter. These are companies that have high price-to-earnings (PE) ratios, but have built a ‘halo effect’, which basically states that irrespective of their valuations, these stocks will continue to give high returns. Over the past one year, the Asian Paints share has moved up by only 2%, against 30% rise in the Nifty. Even on a fiveyear basis, Asian Paints has lagged the Nifty. While the Nifty 50 rose 92%, Asian Paints rose 90%. The company had a PE ratio of 98x in 2021-22, which has now come down to almost 50x.

Chances are that you did not account for the exact pattern of gains or losses, or the order in which your investment returns occur. This is what is referred to as ‘sequence of returns’ risk. It is the risk of negative returns occurring later in your working years and/or early in your retirement life. It particularly comes into play during the five years before and five years after retirement— the ‘fragile decade’. Investors in this phase of their lives are most vulnerable to sequence of returns risk. Why is this risk a killer? Let us see with an example. Suppose two investors, A and B, start their retirement years with the same corpus of Rs.1 crore. They avoid withdrawals for the initial 10 years. Two different market scenarios play out for A and B, where the returns are identical, except that they occur in reverse order. A’s portfolio witnesses higher returns in the initial years, but lower returns than B’s portfolio in later years. In both scenarios, the Rs.1 crore initial pot would fetch the same amount of Rs.1.75 crore at the end of 10 years, with the market averaging 7.3% return annually. Both are on an even footing, despite a contrasting pattern of market returns.

David Petraeus says the risk of a terror attack in Canada is “elevated” following an attack at a concert hall in Moscow that left 139 dead last week, for which an ISIS splinter group claimed responsibility.Petraeus told The West Block host Mercedes Stephenson that an attack of such a scale makes the current state of extremism and global instability “very worrisome.”“What actually keeps me awake at night… is the fact that we face more threats and more complex threats than we have at any time since the end of the Cold War, if not the end of World War Two,” said Petraeus, who is a former director of the U.S. Central Intelligence Agency.An Islamic State group known as ISIS-K has since claimed responsibility for the attack in Moscow that killed 139 people and left nearly 200 more injured.

Mehta family has pledged to donate Rs 5,000 crore over the next five years to the philanthropic foundation set up in name of the group's founder U N Mehta as part of his birth centenary celebrations, the group said on Sunday. Torrent Group celebrated the birth centenary of its founder late Uttambhai Nathalal Mehta (January 14, 1924 to March 31, 1998). The Mehta family has committed to donate Rs 5,000 crore over the next five years to the UNM Foundation to honour the legacy of the visionary philanthropist, the group said in a statement.

Babul Supriyo shared some posters of music videos and movies and said he has "nothing against Pawanji the artist, but if these posters are true, then it clearly shows what kind of respect @BJP4India has for Bengal & especially for women from Bengal". On these allegations, Pawan Singh challenged Supriyo saying that he will quit singing and politics if he can "prove that these songs on the poster correct". Meanwhile, TMC leader Saket Gokhale had tweeted earlier, accusing Pawan Singh of making "videos that are extremely VULGAR & misogynist & targets the women of Bengal".

A tropical cyclone that swept across Madagascar has killed 18 people and left four missing after making landfall on the island's north earlier this week

A new proposal from California regulators would change how power companies calculate their customer's bills

As improvements in artificial intelligence (AI) continue apace, so do questions about how AI will influence economies, asset prices and—the question of the moment—interest rates in America: Is AI more likely to make them go up or down? You might think economists would have a simple handle on such a straightforward query, but the both macroeconomics and AI are complex. Nevertheless, I have a bold prediction: Real or inflation-adjusted rates will go up, and for a considerable period of time. The conventional wisdom is that rates tend to fall as wealth and productivity rise in an economy.

The former Gucci designer Alessandro Michele has been named the new creative director at Valentino, following the sudden departure last week of Pierpaolo Piccioli after 25 years

—Name withheld on request Reasonable and customary charges refer to standard charges, which are common for a particular line of treatment in the geographical area for similar types of hospital. If the clause is applicable in the policy, an insurer can limit the extent of reimbursement to the extent of what they consider as reasonable. The primary objective of this clause is to prevent overcharging by the hospital in connivance with the policyholder.

A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming

Goodbye Pixel 6a! Google reportedly discontinues its popular mid-ranger ahead of I/O 2024 According to data shared by YouTube, 96% of these videos were flagged via ‘automated flagging’ indicating that they were detected by a machine rather than a human reviewer. Around 3 lakh videos were flagged by a user, while around 52 thousand videos were flagged by organizations and only 4 videos were flagged by government agencies.

Ramakrishna Math and Ramakrishna Mission, Swami Smaranananda Maharaj, died at 95 due to age-related ailments, according to Ramakrishna Math and Ramakrishna Mission. Prime Minister Narendra Modi expressed condolences on the death of the President of Ramakrishna Math and Ramakrishna Mission. «Srimat Swami Smaranananda ji Maharaj, the revered President of Ramakrishna Math and Ramakrishna Mission, dedicated his life to spirituality and service. He left an indelible mark on countless hearts and minds. His compassion and wisdom will continue to inspire generations. I had a very close relationship with him over the years.» PM Modi posted on X.

Indian Premier League (IPL) matches since 2021. According to reports, he had accumulated a staggering debt of over ₹1 crore through his betting activities. In his complaint, Ranjitha's father, Venkatesh, stated, “He (Darshan) was not willing to get into betting, but the suspects forced him saying it was an easy way to get rich.

The S&P 500 has surged by +9.7% in the initial 56 business days of 2024. This marks the 15th best start to a year since 1928.

Louisiana crawfish are in demand despite a shortage of the mudbugs driven by last summer’s drought, extreme heat, saltwater intrusion on the Mississippi River and a hard winter freeze