Extreme Financial News

Northern, a train company, issued an apology after one of its ticket collectors petted a woman's guide dog against her wishes. The incident raises awareness about the importance of respecting working guide dogs.

A bottle of what is being called “the most-sought after Scotch whisky” is set to be auctioned next month at Sotheby's in London

Global financial markets are experiencing declines today as government bond yields continue to rise. In the United States, yields are reaching new cycle highs, putting pressure on stocks. The 10-year Treasury yields have risen by 5 basis points to 4.97%.

«Bonds are safe!»

The Biden administration has announced $3.5 billion for 58 projects across the country to strengthen electric grid resilience as extreme weather events such as the deadly Maui and California wildfires continue to strain the nation’s aging transmission ...

Bajaj Auto’s net profit (standalone) for the September quarter rose 20% helped by the robust sales of commercial vehicles and a higher mix of premium motorcycles in the two-wheeler segment. The earnings surpassed estimates. Net profit at the maker of Pulsar and Discover brands rose to Rs1836 crore as compared to Rs1530 crore while revenue from operations at the firm during the quarter rose 6% year-on-year to Rs10,777 crore compared to Rs 10203 crore in the corresponding quarter. “Underpinned by a broad-based performance, most notably the sustained competitive growth on 125 cc+ motorcycles and the further acceleration of three-wheeler sales that delivered its highest ever quarter,” the company said in a statement. A better realisation across product categories bumped up earnings before interest tax depreciation and amortisation (Ebitda) at the Rajiv Bajaj-led firm for the first time helping it surpass the Rs2,000 crore milestone, the company said.

«So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates,» says Nilesh Shah, MD & CEO, Envision Capital. It is not alarming, but it is getting sticky. Markets are hitting a pause button. Do you think we have done for the year in terms of a level, in terms of where market would settle at? I would tend to think so that we have had a sharp kind of an up move over the last six to nine months and so, this calendar year. This financial year so far has been fantastic in terms of price moves, in terms of re-ratings and then that is got backed by strong earnings growth as well. So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates.

If Jim Donovan, a Goldman Sachs managing director of three decades and 'vice chairman of global client coverage, based in Charlottesville, Virginia, were to hang up his MD hat and do something else instead, he could probably become a YouTube sensation. Already well known for his 2016 talk 'Are you destined to deal' to students at the University of Virginia School of Law, which has had 2.6m views on YouTube, Donovan is back with a sequel. Titled,'The making of an investment banker,' it was also filmed at the University of Virginia School of Law, three days ago and already has nearly 50,000 views. 

Mehreen Pirzada says she feels saddened that a sequence in her debut OTT series 'Sultan of Delhi' depicting marital rape has been labelled as a sex scene in sections of the mainstream media and social media. This kind of description «trivialises a serious issue that many women the world over are currently dealing with», Pirzada, who has worked across Hindi, Tamil and Telugu film industries, said in a lengthy X post on Tuesday. «There was a scene in 'Sultan Of Delhi' that depicted a brutal marital rape.

By Timothy Gardner

Polygon ($MATIC) has faced strong bearish pressure since February, but it’s still one of the best cryptos to invest in right now. Prices have dropped from $1.50 to $0.52 since then, but support has been found at $0.50 and prices don’t seem to want to drop any lower than that.

Andrew Miller, who also went by the name Amy George, while masquerading as a woman, was sentenced to 20 years in jail for kidnapping a young schoolgirl and sexually assaulting her in his Borders home. Miller, acting as Amy George, offered the youngster a ride home in February of this year.

By David Morgan, Moira Warburton and Makini Brice

Exceptional monsoon rains washed away cars, bridges and homes in northern India, shortly after Delhi recorded its heaviest day of rainfall in more than 40 years. South Korea scrambled to rescue people trapped by floods and landslides. Back in America Vermont was battered by storms, and roads in New Hampshire collapsed after torrential rain.

Click here! A study by the National Institutes of Health involving 33,500 women in the US, suggested that women who use straightening products often face more than twice the risk of developing uterine cancer than those who do not, and they also have a harder time conceiving a baby. The study also noted that roughly 60% of the participants who reported using straighteners in the previous year were self-identified Black women.

China's semiconductor industry, Chinese manufacturers of tools used to make chips are benefiting, with orders from the country's foundries accelerating in recent months. Domestic equipment manufacturers, such as toolmaker Naura and etching equipment maker AMEC, are winning a much higher proportion of tenders from Chinese foundries than in previous years, as chipmakers race to replace foreign-made equipment with domestically made alternatives, research showed.

A space station by 2035, and a manned mission to the moon by 2040 are among the objectives listed by Prime Minister Narendra Modi in the run-up to the Indian Space Research Organisation (Isro) test flight for a first manned mission. This would put India into a very exclusive club. The Gaganyaan is due to start with the first of at least three un-crewed tests of the Human Rated Launch Vehicle, which will be launched on 21 October.

Strength in base metals and battery metals stocks helped Canada’s main stock index eke out a small gain, while U.S. stock markets were mixed.

₹2,411.7 crore, helped by robust order bookings. In the same quarter last year, the IT player's revenue was at ₹2,048.6 crore. Sequentially, the company's revenue grew 3.9 per cent.

Pakistan Cricket Board (PCB) has lodged a formal protest with the International Cricket Council (ICC) alleging delays in visas for Pakistan journalists, absence of visa policy for fans and '«inappropriate conduct» targeted at its team during the World Cup match against India in Ahmedabad on Saturday. PCB took to X (formerly Twitter) to share the news. «The Pakistan Cricket Board (PCB) has lodged another formal protest with the ICC over delays in visas for Pakistjournalists and the absence of a visa policy for Pakistan fans for the ongoing World Cup 2023.

The US 10-year Treasury yield continues to rise, pushing ever higher above CapitalSpectator.com’s “fair-value” estimate, which is based on averaging three models. The trend highlights the limitations of models, at least in the short, for estimating near-term changes in bond yields. But reviewing the recent divergence reminds us that the current spread, although extreme by the standards of recent years, isn’t unprecedented.