Fall Financial News

Investing.com — U.S. futures edged higher Monday, as investors awaited the release of more quarterly corporate earnings as the new week starts with a positive tone.

Havells India Ltd. fell 0.26 per cent to Rs 1268.15 in Monday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 19360.45, up 129.85 points. The scrip had closed at Rs 1271.55 in the previous session.

Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5).

(Reuters) — Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.

climate change is all around us. If the planet is to avoid even more severe consequences from global warming, the International Energy Agency, the world’s leading energy authority, says, consumption of oil, coal and natural gas needs to be reduced much more rapidly, and clean energy sources like wind and solar power need to expand at a far faster pace. But the stock market doesn’t seem to have gotten the memo. Instead, the shares of a broad range of clean energy companies have been crushed lately, in a rout that encompasses just about every alternative energy sector, including solar, wind and geothermal power. At the same time, rather than weaning themselves off oil, Exxon Mobil and Chevron, the two biggest U.S. oil companies, are doubling down.

Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes.

Apple’s sales remained on a downward slope during the summer

By Hannah Lang

Barbie' star Ryan Gosling and 'Oppenheimer' actor Emily Blunt's upcoming movie «The Fall Guy» drops the official trailer on YouTube. The film will release on March 1 in theaters. Inspired by the hit 1980s TV series, «The Fall Guy» focuses on Colt Seavers, a battle-scarred stuntman who, having left the business a year earlier to focus on both his physical and mental health, is drafted back into service when the star of a mega-budget studio movie—being directed by his ex, Jody Moreno, played by Golden Globe winner Emily Blunt goes missing. Gosling played the role of Seavers. While the film’s ruthless producer maneuvers to keep the disappearance of star Tom Ryder a secret from the studio and the media, Colt performs the film’s most outrageous stunts while trying (with limited success) to charm his way back into Jody’s good graces. But as the mystery around the missing star deepens, Colt will find himself ensnared in a sinister, criminal plot that will push him to the edge of a fall more dangerous than any stunt, according to details provided with the trailer. The Fall Guy also stars Winston Duke and Academy Award nominee Stephanie Hsu.

Toronto’s home prices fell at the fastest pace in more than a year as the high interest rates that have pressured the market show little sign of easing.

Investing.com — U.S. futures climbed higher Thursday, as investors took confidence in Fed Chair Jerome Powell’s comments, hoping that U.S. interest rates have now peaked.

Origin Energy's largest shareholder on Thursday said it would vote against a «best and final» A$16.40 billion ($10.55 billion) offer from a Brookfield consortium for Australia's biggest energy retailer, throwing the deal's future into doubt. AustralianSuper said in a statement the consortium's A$9.53 per share offer, an 8% increase over the previous A$8.81 apiece bid, remained «substantially below» its estimate of Origin's long-term value. «AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition,» a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Hours earlier, the consortium led by Canada's Brookfield, which also includes EIG's MidOcean Energy, said the increased offer was its «best and final» proposal, meaning it cannot be increased unless a rival offer emerged. Brookfield did not respond immediately to a request for comment after AustralianSuper's announcement. AustralianSuper, the country's largest pension fund with A$300 billion in assets, on Tuesday had already rejected the prior offer, saying it was «substantially below» its estimate of long-term value as the country moves toward net-zero emissions by 2050. «If AustralianSuper is rejecting it, the likelihood of the deal going ahead is very low,» said Jamie Hannah, deputy head of investments and capital markets at VanEck, which owns a 0.3% stake in Origin. «I think the deal is back at the drawing board at the moment.» Should the deal fail at the shareholder vote scheduled for Nov.

DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a recession next year.

By Leroy Leo and Mariam Sunny

In July, when worries about China’s economic recovery were first beginning to percolate more widely, analysts fixated on a curious bit of language from the Politburo: the recovery was developing in a winding, “wave-like" manner. Nearly half a year later, that characterization is looking more and more apt. After a better third quarter, the first two key reads on China’s economy in October both landed with an audible thud.

Investing.com — U.S. futures retreated Wednesday, as investors started the month cautiously ahead of the conclusion of the latest two-day policy meeting of the U.S. Federal Reserve.

Nifty 50 today: Domestic equity benchmarks the Nifty 50 and the Sensex extended their losses into the second consecutive session on Wednesday, November 1, amid mixed global cues ahead of the US Fed policy outcome. Investors remained cautious as they fixed their focus on the US Fed outcome.

Page Industries Ltd. slipped 1.24 per cent to Rs 37375.2 in Wednesday's trade. It hit a high of Rs 37937.9 and low of Rs 37363.2 during the session.

Ashok Leyland Ltd. slipped 0.95 per cent to Rs 166.05 in Wednesday's trade as of 01:49PM (IST). It hit a high of Rs 167.7 and low of Rs 165.1 during the session.

Bharti Airtel reported healthy subscriber additions and a 1.5% quarter-on-quarter rise in ARPU, brokerages maintained a buy rating on the stock saying that moderating capex will support deleveraging of $7 billion over FY25-26 which should add to stock returns. «Bharti's encouraging performance continued in 2Q with higher postpaid/4G subscriber additions, higher margin in India, higher growth in Africa and strong FCF generation being the key highlights. We maintain our rev/Ebitda estimates and expect Bharti to deliver 16/17% India revenue/EBITDA CAGR over FY24-26,» Jefferies said. The stock was trading 0.5% down on BSE on Wednesday at Rs 910 after the company reported a 37% year-on-year fall in its net profit to Rs 1,341 crore.

Tata Steel Q2 Results Preview: Tata Steel will announce its financial results for the second quarter of FY24 today, November 1. The Tata group company is expected to report a sharp fall in profitability during the July-September quarter of FY24. The overall steel sector is expected to report mixed performance in Q2FY24 due to reduced seasonal demand and lower average selling price (ASP), resulting from decreased ferrous prices.