Extreme Financial News

Last week started with breakdown gaps for the Nasdaq and S&P and continued with moves to close more gaps, before peaking on Friday and reversing. Consequently, the likelihood of further losses heading into this week is quite high.

A former truck driver responsible for a fiery crash that killed four people on Highway 440 in Laval back in 2019 has been found guilty of criminal negligence causing death.A Quebec Superior Court judge said that 57-year-old Jagmeet Grewal demonstrated a clear pattern of disregard for the life and safety of others, and that he should have never even been at the wheel of a 53-foot-truck in the first place.Reading out her decision in front of Grewal, victims and their families, Judge Yanick Laramée said the driver was not paying attention at the wheel of his tractor trailer on the afternoon of Aug. 5, 2019.

₹7.41 crore in fines for allegedly making “unlawful gains" by taking the opposite positions in the market from the ones they promoted on air. Varshney said, “If we see that on a television channel, guest experts are giving advice to manipulate the market we will of course enter the picture, but it is the responsibility of the TV channel to see whether their guest experts are giving advice in a transparent manner or there is some manipulation going on.

Rashmika Mandanna escaped death after her Air Vistara flight reportedly made an emergency landing due to a technical glitch and extreme turbulence, according to a report published by Deccan Chronicle. On Saturday, Rashmika shared a picture of herself with actor Shraddha Das on her official Instagram handle. “Just FYI, this is how we escaped death today…," she wrote. The report stated that the plane was carrying Rashmika Mandanna, Shraddha, and other passengers who had a terrifying experience after a technical glitch hit the flight.

NASA telescopes played a game of cosmic hide-and-seek, observing a dead star known for erratic radio bursts. Their joint gaze captured the star's behavior mere minutes before and after it unleashed a powerful burst, offering astronomers a rare glimpse into these mysterious phenomena. These fleeting radio eruptions, known as fast radio bursts (FRBs), release immense energy in milliseconds, baffling scientists about their origins.

ISRO has undertaken with US' NASA was not for surveillance purposes, but aimed at studying the Earth with focus on sustainability, the space agency chief S Somanath said on Saturday. The Bengaluru-headquartered ISRO is involved with The National Aeronautics and Space Administration, for developing Synthetic Aperture Radar satellite to study the Earth following the impact of climate change, he said. «The next mission of GSLV (rocket) is going to be the NISAR mission-- the NASA-ISRO Synthetic Aperture Radar mission, which is a very big satellite. The configuration and capability of the rocket has been steadily increasing in terms of payload capability as well as volume which is going to be extremely useful», he said. Somanath was talking to reporters here after the successful launch of GSLV-F14 INSAT-3DS satellite.

Pernod Ricard has reported a 4 per growth in sales in the Indian market during the first half of the current financial year. The company, which follows July to June fiscal year, has witnessed a «strong market demand for spirits» in India, according to the latest earnings statement from Pernod Ricard. Moreover, a «strong growth» is expected in the second half (January to June 24) from India, which is the second largest market globally for Pernod Ricard after the US. Its international brands Jameson, Absolut and The Glenlivet reported a «very strong growth» in the Indian market during the period, the company said.

Police camps have reached areas that were once considered Naxal strongholds in Gadchiroli and soon the menace will be eradicated with the support of citizens, Maharashtra Director General of Police Rashmi Shukla said on Saturday. The state's first woman DGP was speaking during her visit to Gardewada, an area once deeply affected by Left Wing Extremism, where a police post was set up recently. «Due to Naxal activities, this area was away from the mainstream. However, the police department has removed their fear from the minds of the people by setting up a police post in Gardewada,» she said. The state government is reaching out to people from the region with various welfare schemes, she added.

Sharad Pawar said on Saturday the Election Commission's decision to recognise the group led by his nephew Ajit Pawar as the 'real' Nationalist Congress Party was «not in accordance with law» and he has approached the Supreme Court against it. «It has never happened before that those who formed a political party were removed from the party. Not only this, but the party symbol was also taken away. This decision was not in accordance with the law. We have approached the Supreme Court in this matter. We will need to increase our public outreach,» said Sharad Pawar today. After losing the NCP party name and symbol, Sharad Pawar claimed on Saturday that the decision was not in accordance with the law.

Alexei Navalny has died after falling sick in an Arctic penal colony where he was serving a 19-year punishment. His death was announced by Russia's Federal Penitentiary Service on Friday. Situated approximately 1,900 kilometers northeast of Moscow in the town of Kharp, in the Yamalo-Nenets region, the prison is well-known for its harsh and protracted winters.

tech stocks now and previous bubbles suggest the Magnificent Seven is nearing — but not yet at — levels that may lead it to pop, according to Bank of America Corp. strategists. They cite a handful of indicators, such as bond yields, valuations and price action, that suggest there are further gains ahead of the group that includes Apple Inc. and Amazon.com Inc.

The Biden administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals

The Bank of Canada says it’s watching core inflation closely as it weighs when to cut interest rates, but a mixed bag of measures gives it options on timing and clouds the outlook for markets and economists.

By Jamie McGeever

AC models that promise to transform your living space into a haven of cool and comfort during the hotter months. Daikin is known for its new-age technology and energy-efficient designs. The brand offers a range of air conditioners that cater to diverse needs and preferences.

Economist Peter Morici breaks down what the national debt is, why it ballooned to more than $34 trillion and what it means for Americans.

BJP leader Nand Kishore Yadav was on Thursday elected as the Speaker of the Bihar Legislative Assembly. Chief Minister Nitish Kumar and Leader of Opposition Tejashwi Yadav escorted the new speaker to the Chair. Yadav, a seven-time MLA from Patna Sahib assembly constituency had filed his nomination for the Speaker's post on Tuesday, a day after his predecessor, Awadh Bihari Choudhary of the RJD, was voted out in a no-confidence motion. After Choudhary's removal from the Speaker's chair, Deputy Speaker Maheshwar Hazari of JD (U), was conducting the proceedings of the House.

Steven Guilbeault insists the federal government is funding new road projects, despite comments earlier this week suggesting otherwise which have infuriated Conservative premiers.On Monday, the environment minister told a crowd in Montreal “our government has made the decision to stop investing in new road infrastructure,” according to quotes published in the Montreal Gazette.“There will be no more envelopes from the federal government to enlarge the road network. The analysis we have done is that the network is perfectly adequate to respond to the needs we have.”When pressed by reporters two days later, Guilbeault said he “should have been more specific.”“Of course we’re funding roads,” he said Wednesday.

Byju’s, once the darling of India’s digital economy with a valuation of $22 billion in late 2022, is attempting to raise money at a valuation that’s a small fraction of that today. Through its roller-coaster ride, one thing has remained constant: in its 13-year history, it appears to never have been profitable. This is standard for internet companies.

While the bulls remain entirely in control of the market narrative, divergences, and other technical warnings suggest becoming more cautious may be prudent.

Also Read | ‘If govt creates problem for these farmers…’: Farmer leader Rakesh Tikait warns Centre Commuters are feeling helpless and desperate at being stuck at the Ghazipur border for hours. "I am travelling from Uttarakhand to meet my 78-year-old father... My family and I have been struck here since 11 am.