Fall Financial News

shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese subsidies for EVs, escalating tensions between Beijing and the EU. European Commission President Ursula von der Leyen announced the investigation in her annual address to lawmakers on Wednesday, saying: "Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies."Hong Kong shares of market leader BYD fell more than 3%.

The famous stopwatch will still announce the show as “60 Minutes.”

Investing.com — U.S. futures traded marginally lower Wednesday, as investors cautiously awaited the release of consumer inflation data which could provide clues as to future Federal Reserve monetary policy.

Today's inflation data release presents an intriguing situation with two contrasting scenarios:

BNB, USD Coin, XRP Dogecoin, Cardano and Solana fell up to 2%. ETH was trading at $1,580.67 while Dogecoin was at $0.06124. «In the last 24 hours, Bitcoin briefly lost its crucial support at $25,000 for the first time in almost three months. For BTC to not enter panic mode, $24,500 support remains sacrosanct. This is the level above which BTC has been trading for almost 6 months now. As for ETH, which fell 2.8%, the support of $1,600 has been breached and it is currently trading around $1,550,» Shubham Hudda, Senior Manager, CoinSwitch Markets Desk said. In Hudda's opinion, a major catalyst for SOL’s ($17.95) sell-off is still Wednesday's expectation of FTX unlock, pointing out that this cryptocurrency was already down by around 50% from its recent high in July. «Additionally, given that a majority of the SOL is time-locked for FTX, we could very well see a 'sell the rumor, buy the news’ event playing out on Tuesday,» he added.

Adani Power Ltd. slipped 2.49 per cent to Rs 376.5 in Wednesday's trade.

BNB, USD Coin, XRP gained up to 0.69%. Other crypto tokens such as Cardano, Dogecoin, and Solana fell up to 1.07%. ETH was trading at $1,582.98, up 0.33% while Dogecoin was at $0.06067, lower by 0.17%. Cryptocurrencies have an inverse relationship with the US dollar. The dollar index was trading at 104.67 with a slightly negative bias.

Sugar output in Maharashtra, India's top producing state, is likely to fall 14% in the 2023/24 crop year to its lowest in four years due to lower cane yields following the driest August in more than a century, industry and government officials told Reuters on Wednesday. The reduced output could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are already near their highest in more than a decade. Higher domestic prices will, however, improve margins for producers such as Balrampur Chini, Dwarikesh Sugar, Shree Renuka Sugars and Dalmia Bharat Sugar, helping them make payments on time to farmers. The western state of Maharashtra, which accounts for more than a third of India's sugar output, could produce 9 million metric tons in the 2023/24 season (which begins on Oct. 1), down from 10.5 million tons in 2022/23, said B.B.

Jubilant Foodworks Ltd. slipped 1.78 per cent to Rs 518.4 in Wednesday's trade.

Bihar were hospitalised on Tuesday (September 12) after they fell ill after consuming their mid-day meal, an official said. “Around 50 schoolchildren complained of stomach aches and vomiting after allegedly consuming a mid-day meal at a primary school in Dumra Block of Sitamarhi district on September 12,” the official said. The children were referred to Sadar Hospital. The condition of all the children is stable, an official said. Dr Sudha Jha from the Sadar Hospital said, «They have complained that a chameleon was found in the mid-day meal. They had consumed the same food.

Around 50 school children complained of stomach ache and vomiting allegedly after consuming a mid-day meal at a primary school in Dumra Block of Sitamarhi district, Bihar on 12 September. The children were referred to Sadar Hospital. According to the doctor, the children are fine now.

Akon has exciting news for his fans as he announces 'The Superfan Tour' for 2023. Get ready to groove to all your favorite Akon hits from the past 20 years, from «Right Now (Na Na Na)» to «Soul Survivor.» Produced by Live Nation, this 15-city tour promises an unforgettable musical journey.

Amidst the volatility of the crypto market in 2023, InQubeta (QUBE) has emerged as the best cryptocurrency to invest in. InQubeta is not just another cryptocurrency; it represents the world's first crypto crowdfunding platform that specializes in fractional investments in cutting-edge AI startups, facilitated by the QUBE token.

Most Canadians are prepared to see home values fall, according to a new poll, suggesting some homeowners are willing to give up a bit of their own wealth to improve affordability for others.

Investing.com — U.S. futures traded lower Tuesday, handing back some of the previous session’s gains as investors await more inflation data during the week to assess the possibility of more Federal Reserve rate hikes this year.

Tata Power Company Ltd. fell 2.53 per cent to Rs 264.9 in Tuesday's trade as of 01:39PM (IST) even as the benchmark Nifty ruled at 19995.5, down 0.85 points. The scrip had closed at Rs 271.8 in the previous session.

The top loser was Cochin Shipyard whose stock fell by over 14% to the day's low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% at Rs 2,005.10 on the NSE. Meanwhile, Garden Reach Shipbuilders, Shipping Corporation of India (SCI) and Great Indian Shipping Company shares fell 6.27%, 5.41% and 0.95%, respectively around 11 am. Both Mazagon Dock and Cochin Shipyard shares have witnessed a strong rally in recent times and have given returns of 13% and 20% over the past 5 trading sessions. Others like Great Indian Shipping Company, SCI and Garden Reach have given 6-3% returns during this time.Shipping stocks followed a wider trend where the PSU stocks fell. Commenting on the recent rally in many of the PSU stocks, Vijay Kedia, Managing Director at Kedia Securities told ETNow that he viewed the recent rally as some kind of euphoria in the PSU stocks. «I do not know what they should do but the general public should understand what happened in 2022, we discussed just now what this platform stocks, I think the same kind of euphoria is happening in PSU stocks.

A roundup Monday of coordinated state investment advisor examinations so far in 2023 found that surprisingly, violations have plummeted over two years.

U.S. regulators have approved updated COVID-19 vaccines from Pfizer and Moderna, shots aimed at revving up protection this fall and winter

Stocks that are trading heavily or have substantial price changes Monday: Qualcomm, Meta Platforms rise; J

LONDON (Reuters) -Shares in London-listed drugmaker AstraZeneca (NASDAQ:AZN) fell more than 4% on Monday, sliding to their lowest since July 19.