Extreme Financial News

Hedge funds extended short positions on Treasuries to a record just before smaller-than-expected US bond sales and weaker jobs data spurred a rally.  Leveraged funds ramped up net short Treasury futures positions to the most in data going back to 2006, according to an aggregate of the latest Commodity Futures Trading Commission figures as of Oct. 31.

Rashmika Mandanna's reaction came a day after a video showing a woman, with Rashmika's face, went viral on social media. The woman in the unconfirmed video was seen entering a lift wearing a black swimsuit. In her first reaction to the viral video, Rashmika said the community needs to address this issue of the misue of technology with an "urgency before more of us are affected by such identity theft".

Ashok Sonthalia, CFO, Titan Company, says “the mid premium, premium, high value segments are showing very good traction, good demand and growth rates are very high in those segments. The growth in consumer numbers is also high. Entry level demand is a little bit dull still. I would say the whole discretionary aspect at the entry price point, the target segment of consumer is yet to see the whole thing panning out, but early signs are very good and we are very positive about Q3 and Q4 shaping up.” Well, the festive season this time is falling in Q3 versus Q2 that we had seen last year. But so far, given that we are halfway through the festive season, what is the demand looking like? Are you seeing that festive cheer and festive mood in the consumer sentiment as well? Yes, from last year, the start period had shifted to Q3 and so the first 15 days were slightly slower and even gold prices have become volatile because of the geopolitical situation outside India.

Sanjiv Bhasin, Director, IIFL Securities, says “my bet would be PB Fintech. A disclosure, PB Fintech is a stock which we own. Paytm and Zomato are going to lead the charts. You can add a Devyani International, which we just suggested. But I would put my money on PB Fintech, at least for a 50% upside over the next one year.” Bhasin also says “I would definitely use any decline or even Friday’s closing as a buying opportunity in State Bank. Bank Nifty is grossly overdone on the pessimism side and will be the star in the next one month.” Looking at the global construct, it seems like we are headed for a happy Diwali? Well, that is what I have been saying that we are headed for a sparkling Diwali. The cricketers have actually added the sparkle and now it is the turn of the stock market. If you recollect from the last six months, I have been inviting you for a meal over to my son's restaurant and I was telling you what margin Zomato is making. So at Rs 50-60, it was a no-brainer and now we are seeing the upgrades. So cheers to Zomato earnings, cheers to the Indian stock market, the Indian cricket team and I expect a sparkling Diwali to add the icing on the cake.

Veterinarians in Canada say they are experiencing extreme burnout and plummeting mental health due to staff shortages, a booming number of animal patients and the round-the-clock stress of the job.

Attack on Titan" has finally ended with its last episode delivering a conclusion that triggered further discussion. The fate of Eren Yeager, the series' protagonist, was one of the central questions that fans were eager to have answered. What was Eren Yeager’s fate? Eren Yeager, who began as the story's hero, faces his end in a dramatic and tragic twist.

6 things that changed for the stock market overnight The recent stability in Fed rates has helped the other asset classes, leading investors to chase performance through year-end. Yields on the benchmark 10-year US Treasury, which move inversely to bond prices, are down about 35 basis points from 16-year highs hit in October. Meanwhile, the S&P 500 surged 5.9% in the past week, its biggest gain since November 2022.

NBC News, a senior US administration official reported that Hamas attempted to transport injured fighters, along with civilians, across the Rafah crossing into Egypt for medical treatment. However, the fighters were ultimately prevented from leaving Gaza. Also Read:Israel-Hamas war: Israeli airstrike hits ambulance near Gaza hospital, 15 dead; death toll likely to rise Based on the footage captured at the location, it revealed the presence of over twelve injured individuals covered in blood, lying on the ground in close proximity to an ambulance.

A Bollinger band is indicating that Nifty may rally in the Diwali week but two Doji candles formed in the last days do not inspire confidence towards an outright uptrend early next week, says Anand James, Chief Market Strategist at Geojit Financial Services. Edited excerpts from a chat: In the last 9 out of 10 instances, Nifty has given positive returns in the period between Navratri and Muhurat trading. Do you see history repeating this time as well? What would be your targets for the week? Prospects of the same are supported by a narrowing Bollinger band and the fact that we are coming off a low base after a steep and sustained downtrend from a record peak. FIIs’ shorts in index futures being at an extreme position also support the prospects of a push higher. But even as we continue to look for 19,420 as the immediate target, the two dojis in the last two days do not inspire confidence towards an outright uptrend early next week. The inability to float above 19,230 initially, could point towards this but dips towards 19,180 or slightly below could augur well towards resuming upsides. Mid and smallcap bounced back and outperformed. Do you think that the recent correction has made the rally stronger in the broader market?

After Bindi Irwin underwent surgery for endometriosis, the validation from her doctors was enough to bring the Australian native to tears.

Vinay Paharia, CIO, PGIM India MF, says “financials is an area of opportunity, to be very frank because there are lots of good quality companies or private banks or NBFCs with very strong structural growth ahead of them. These are the companies which have much higher than average return on equity and they have clearly been stable businesses. We are clearly overweight private banks and non-bank financial companies and see this as a great source of opportunity.” What is your market outlook in terms of how the valuations stack up versus the earnings growth that we have seen in the quarter gone by? Definitely the valuations currently are at a premium and are seemingly capturing most of the fundamentals for the next six months to one year. We have borrowed some returns from the future and hence, for the near term we are a little bit cautious purely on valuation reasons.

Delhi's air quality remained in the 'Severe' category on Sunday, with a slight reduction in the overall Air Quality Index (AQI), measuring 410, compared to 504 on Saturday. This information comes from the System of Air Quality Forecasting and Research (SAFAR-India). The SAFAR-India data revealed that air quality in the Lodhi Road area was at 385 (Very Poor), while in the Delhi University area, it was at 456 (Severe).

Vivek Karwa, Chief Executive Officer — Vridhi Investment, says “the first thing to look at is how long the company has been in business. That is one important point. And is there any more? For example, when you talk about paints, which company comes to your mind? When you talk about theatres, which company comes to your mind? So there are companies which have extremely high moat and brand recall. Those companies always tend to do better.” What is fundamental analysis and what should one keep in mind while analyzing companies based on fundamentals? There is no one fixed formula even in fundamental analysis. There are so many things. And anytime you analyze a company, there are so many revolving parts and you have got to put everything together and then come to a conclusion whether you want to buy or not.

Canada, External Affairs Minister S Jaishankar said on Saturday as the ties between the two sides remained strained following Canadian Prime Minister Justin Trudeau's allegations of a «potential» involvement of Indian agents in the killing of a Khalistani separatist. The external affairs minister said both sides have been in touch and hoped that a way would be found to resolve the row. At the same time, he asserted that «sovereignty and sensitivity» cannot be one-way streets.

As the saying goes, you can always take a bit more despair – it’s the hope that kills you.  That’s certainly how equity capital markets bankers are likely to be feeling.  After a brief period of joy surrounding the ARM and Instacart IPOs, the market seems to have crunched shut again, and the fourth quarter is expected to be “a little bit weaker” than the run rate for the year, according to Bloomberg Intelligence.

Taiwanese American model claimed that a renowned designer digitally altered her picture on a runway to make her look white. The model, Shereen Wu, in a TikTok video talked about the incident and said the matter is extremely dehumanizing. The video of the model has gone viral and garnered more than 1 million views in the last week.

Netflix will soon be streaming DC movies. These DC extended films were released in the past decade and some of them are extremely popular. There will be a total of more than 12 DC movies which will be available on Netflix in December, as per a report in WhatsOnNetflix. However, these DC movies will be available for Netflix US subscribers from December 1. Netflix US had earlier tweeted, «Take a journey through the DC Extended Universe when these films hit Netflix on December 1.» These Netflix movies are — Man of Steel, Batman v. Superman: Dawn of Justice, Suicide Squad, Wonder Woman, Birds of Prey (and the Fantabulous Emancipation of One Harley Quinn), Wonder Woman: 1984, and The Suicide Squad, Shazam!, The Batman, DC League of Super-Pets, and Black Adam. However, as per a report in WhatsOnNetflix, some important DC extended universe films are not in Netflix US library. These are Aquaman, Joker, Justice League, Shazam! Fury of the Gods, The Flash, and Blue Beetle. Earlier this week, Netflix said its ad-supported tier had reached 15 million active users per month, a year after the streaming giant launched the cheaper plan to revive subscriber growth and revenue following a slowdown. The company had five million monthly ad-tier users in May and has been hiking prices on its ad-free options in an effort to nudge more subscribers to the other tier, where commercials help bring in more revenue per user. Netflix increased subscription prices for some streaming plans in the United States, Britain and France last month, after its third-quarter subscriber additions of 9 million shattered Wall Street expectations of 6 million.

Now that we have our first estimate of GDP for Q3, we also have our first estimate of M2 velocity for the third quarter. Because there is an amazing amount of uninformed hypothesis out there, I figured it was worth a quick review of where we are and where we’re going, and why it matters.

Congress in Kerala, veteran leader Mani Shankar Aiyar on Saturday attended the 'Keraleeyam' programme organised by the Left government despite the state unit's stand to boycott the event, alleging it was a 'financial extravaganza'. Aiyar took part in a seminar and showered praises on the southern state's achievements in the area of decentralisation.

Canada is required by law to release immigration targets for how many permanent residents it aims to welcome to the country by November 1 each year (there is an exception for election years). The latest release continues the trend of outlining the numbers of permanent residents projected over the next three years allocated according to 4 broad categories with sub-targets for each: economic, family, refugee and humanitarian. The overall target for 2024 and 2025 will remain as indicated in last year’s 3 year levels plan: 485,000, then 500,000. However, the target will not increase for 2026 but will remain flat at 500,000. Think you check all the immigration boxes? Find out It is important to note that these targets do not relate strictly to newcomers. The Immigration Minister noted that 35% of the next year’s permanent residents are already in Canada. Thus, while there is a housing crisis in Canada, 35% of 485,000 targeted for next year are already being housed. Also, the targets relate only to permanent residents and do not cover the 2.2 million people in Canada who are visiting, studying or working in temporary status. There are no caps on visitors, workers or students and Canada is on track to bring in 900,000 international students alone next year. While the Immigration Minister has been quite clear that newcomers are needed to address labour shortages, he also seems to be recognizing that public support for immigration has plummeted given many have been blaming newcomers for the housing shortage. This is unfortunate given governments have long failed to address housing issues before the more recent increases in temporary and permanent residents.

Decentralized finance (DeFi) protocol SafeMoon has addressed the recent litigation by the United States Securities and Exchange Commission (SEC), expressing its intent to seek a resolution.