Extreme Financial News

Thanks to the most aggressive rate hike cycle in recent years, the central bank has managed to contain inflation without causing a recession — so far.

Currently, this circulation is located over the Comorin area and extends up to the mid-tropospheric levels. As a result, IMD expects light to moderate rainfall in many parts of South Tamil Nadu, with a few isolated places in North Tamil Nadu and Puducherry and Karaikal areas also experiencing rain over the next two days (17th-18th December 2023). On these days, isolated heavy to very heavy rain is likely in south Tamil Nadu, while the adjoining delta districts may experience isolated heavy rain.

terrorism in two days. On Wednesday, RCMP arrested a 16-year-old in Calgary over an unrelated plot.The RCMP said Saturday it had arrested five youths for terrorism just in the past six months, and that it had seen a “concerning trend” of terrorists using the internet to recruit youths.As a result, police said parents, as well as teachers and coaches, should be on the alert for the signs of radicalization.“We’re asking adults in positions of authority to be alert for behaviors of concern which may be linked to violent extremism,” the RCMP said in a statement.The Ottawa youth’s father told Global News his son had become “more religious.” “I warned him many times,” to stay away from “extremist people,” he said, and even arranged for his son to speak to an imam.But he said his son was naive and may have been used by extremists.“There are some people taking advantage of him,” the father said.

Gaurav Bissa, VP, InCred Equities, says “our strategy and something which we had discussed with our clients and we have recommended aggressively to our clients as well as we are playing IT index as a whole for a fresh lifetime high in the next six to eight trading months. IT is looking strong but Bank Nifty has been so-so. As a strategy, we have recommended that IT and pharma will outperform Bank Nifty relatively over the next couple of years.” First of all, a quick view on the IT index along with the Nifty. If we talk about Nifty IT, it had a good amount of consolidation, it was consolidating for a year and then we witnessed a breakout around 32,000 odd levels. It made a retest and now we have seen IT going higher. The next hurdle at this point of time comes around 36,000, 36,500. So, probably, another 1000 points upside cannot be ruled out from the current levels and there we can see some consolidation.

Pankaj Murarka, CIO, Renaissance Investment Managers, says “the AI wave will be a much longer term wave like we saw in the mid-90s or early 90s till the end of the decade, the dotcom boom. As a result, IT companies in India across largecaps and midcaps, if they execute well, if they have solutions around it and if they build capabilities around AI, will see a huge amount of work flowing to them. This whole wave of elevated IT spends or resurgence in IT spends globally will sustain for this decade. That is my view and that is why I think this is not one of those cyclical rallies in IT, but this is probably a change of trend.” It has been such a great week. Shouldn’t you be more enthusiastic? We are nearing the end of the year. It has been a phenomenal year for equities globally and for India as well and now that we are ending on a very high note with the last of the sector which had not participated in this b,ull market for almost 24 months now has also started participating. So, it is time to just calm down and absorb all that we have gained and experienced.

With the Fed signaling rate cuts for 2024, yesterday was another good day for markets, with the Russell 2000 (IWM) cashing in on its resistance pressure with a 3%+ gain. In doing so, it easily surpassed the August swing high on higher volume accumulation.

Canada’s national police force has arrested a youth in Ottawa in relation to an alleged terrorism threat against the Jewish community, Global News has learned.

Two wildlife conservation groups have filed a lawsuit against BNSF Railway over delays in finalizing a plan to reduce the number of federally protected grizzly bears that are killed by trains in northwestern Montana and northern Idaho

Cutting the Bank of Canada’s policy interest rate doesn’t seem to be top of mind for governor Tiff Macklem, who said Dec. 15 that it’s still too early to consider undoing the most aggressive series of rate hikes in decades. Macklem made the remarks while delivering his end-of-year speech before the Canadian Club Toronto on Friday, two days after United States Federal Reserve chair Jerome Powell poured fuel on a stock market rally by suggesting that rates were at or close to their peak. The Financial Post’s Denise Paglinawan breaks down what you need to know about Macklem’s speech.

Bitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken.

Nifty on Friday ended 274 points higher to new lifetime high highs and formed a green candle on the daily and weekly charts. Further upsides are likely once the immediate resistance of 2,1492 is taken out. Caution is however warranted for the near term as the 14-day RSI at 84.93 is in overbought territory. Thus, any short-term corrections can be utilized to buy into quality stocks, said Subash Gangadharan, senior technical and derivative analyst at HDFC Securities. The 14-week RSI is at 75.87, which implies that it is not extremely overbought and there is scope for more upsides in the intermediate term. Option data reveal heavy writing in 21,100 PE and 21,200 PE and addition in 21,400 CE and 21,500 CE. What should traders do? Here’s what analysts said:

Nifty and Sensex hit record highs in trade today (December 15) for the second straight session after the US Fed signaled that its interest rate-hiking policy is at an end and it will cut rates in 2024. The Sensex rose over 720 points to its new high of 71,234.63, whereas the broader Nifty50 index advanced 214.4 points to its record high of 21,397.10. The US Federal Reserve has opted to maintain unchanged interest rates and has additionally signaled the likelihood of three quarter-point cuts to the benchmark interest rate in the coming year.

talent shortage, as one in three IT leaders surveyed flagged difficulty in finding qualified talent. It also stated that the current scenario presents a missed opportunity for strengthening business outcomes and talent retention. Ed-tech company Skillsoft in its '2023 IT Skills and Salary Survey' revealed challenges such as skills gaps, talent shortages, and technology transformation are impacting IT departments, with one in three IT leaders facing difficulty in finding qualified talent.

dehumidifiers available today is as varied as the needs they fulfil. They range from petite, nimble units, perfect for cosy nooks or compact office spaces, to more robust, muscular models that take on whole homes with their moisture-wrangling prowess. For every space, there's a dehumidifier waiting to tailor-fit its atmosphere to perfection.

Sandip Sabharwal, asksandipsabharwal.com, says “holding some amount of cash is prudent potentially in sectors where the run-up has been too swift or where someone has an overexposure and then wait for some corrections to allocate that. But the overall economic outlook is positive, so we cannot go very hugely into cash. So, maybe a 10-15% cash position could be potentially prudent and then in between, opportunities will keep on coming up because all stocks do not correct at the same time.” It is almost like the market is believing that the next RBI policy will see a rate cut. Is there a correlation? Should one also anticipate a rate easing by the RBI? It looks highly unlikely that we are going to see a rate cut anytime soon. The scenario that is building globally right now is that the rate hike cycle clearly seems to have ended and once that happens, we will see that the dollar index peaks out, flows start into emerging markets, etc. I think that is the phenomenon we would see.

Dubai, US special envoy John Kerry admitted that he thought it might never happen. The seasoned international negotiator recalled a conversation with one minister who worried about a deal that would signal the end of fossil fuels. «One minister from one of those countries involved said, 'John, you can't ask us to commit economic suicide',» Kerry said. He did not name the country but Saudi Arabia, the world's top oil exporter, led the charge against any strong language against fossil fuels. Kuwait and Iraq were also staunch opponents. In the end, nearly 200 countries adopted on Wednesday a deal stating that the world will be «transitioning away from fossil fuels» in order to achieve net-zero emissions by 2050. It was the first time in the 28-year history of the Conference of the Parties that all fossil fuels were mentioned in an accord. «I never thought we were going to have the kind of breadth that we have today, to be honest with you,» Kerry said on Wednesday.

A federal judge has dismissed applications from the truck driver who caused the deadly Humboldt Broncos bus crash in Saskatchewan and was fighting deportation back to India. Jaskirat Singh Sidhu was sentenced to eight years for causing a crash that killed 16 people and injured 13 others.

By Stephen Culp

The climate negotiations that just finished in Dubai hit upon the essence of compromise, finding common language that everyone accepted, at times grudgingly

Like over-caffeinated college students, Sultan Al Jaber, John Kerry and other CoP-28 delegates pulled an all-nighter to turn what could have been an ‘F’ grade on a global climate deal into a respectable ‘C.’ Still, in their scramble to produce a historic pact, they left a glaring omission that could doom the whole enterprise in the longer run. They ignored the money constraint. Give credit where it’s due: The end product of this year’s UN climate conclave, an agreement that the world needs to stop using fossil fuels, was the first of its kind and a drastic improvement over most CoPs, which are usually failures.

Dwayne Johnson, widely known as "The Rock," is set to step back into the realm of combat sports, joining forces with Benny Safdie for the A24 biopic, "The Smashing Machine." This cinematic endeavor marks a return to Johnson's combat roots, portraying mixed martial arts (MMA) legend Mark Kerr in a film that promises to capture the essence of Kerr's tumultuous journey.