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The Bank of Canada on Wednesday cut its interest rate by 25 basis points for a second time in a row, citing a pullback in household spending on both consumer goods and housing as a reason to bring the rate down to 4.5 per cent even as price pressures in shelter and services continue to keep inflation elevated.

U.S. stocks held steady in a calm day on Wall Street, as earnings reporting season ramped up for big companies

Check out the companies making headlines in extended trading:

Michelle Obama throw her hat into the race for the White House? Though Michelle has not shown any interest in the US Presidential Election 2024, a soothsayer has claimed that she will be the next president beating Donald Trump. According to the 'Daily Star', the world’s only asparagus fortune teller Jemima Packington has claimed that her green crop has clearly shown neither Donald Trump nor Kamala Harris will be the next president.

Joe Biden to end his election campaign on Sunday has attracted the attention of the global media. Many of the newspapers and magazine ensured that their creativity peaked. One such publication by the Time magazine gained the attention of many people across the world.

Wall Street as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of the tech earnings season. The MSCI Asia Pacific Index snapped a three-day decline, as shares from Japan to South Korea and Australia rose at the open. That followed a 1.1% jump in the S&P 500, ahead of earnings from Tesla Inc. and Alphabet Inc. due later Tuesday.

Mark Spitznagel, founder and chief investment officer of Universa Investments, has a knack for making headlines with his bold market predictions. Known for his contrarian approach, Spitznagel has successfully navigated financial crises since establishing Universa in 2008. Despite the current calm in the markets, he warns of an impending severe downturn, labeling the current situation as the “greatest bubble in human history.”

Earlier this year in January, the Reserve Bank of India’s flexible inflation targeting framework completed a decade as the primary determinant of Indian monetary policy. Informally adopted in January 2014 and officially in 2016, the framework has been the subject of considerable debate over the last few years. There really are two branches to India’s inflation targeting debate: the numerical target—4% in a band of 2-6%, and the measure of inflation itself, which is headline inflation as measured by the consumer price index (CPI).

After more than a decade of dismal fixed-income performance, with Canadian indexes eking out low single-digit annualized returns, the tides are finally shifting.

Despite the recent stock market slump that has some Wall Street pros bracing for a summer correction, respondents to Bloomberg’s Markets Live Pulse survey expect the latest round of corporate earnings to reinvigorate the S&P 500 Index.

Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday.

5G capex spends, analysts said. Analysts expect the recent headline tariff hike to give Mukesh Ambani-led Jio's stagnant ARPU (average revenue per user) a much needed boost in coming quarters.

inflation in its services sector last month, retail sales weakened and the budget deficit exceeded estimates — highlighting a host of challenges for UK policymakers. Money markets see about a 40% chance that the Bank of England will lower interest rates next month, as officials balance signs of a weakening labor market with stubborn price pressures. The European Central Bank, meanwhile, left interest rates unchanged after last month’s landmark cut. The ECB is weighing whether euro-zone inflation is cooling sufficiently to allow further monetary loosening.

UFC schedule for July 20 Fight Night is out now and the event in Las Vegas will be headlined by Amanda Lemos versus Virna Jandiroba Women's Strawweight MMA fight. UFC Main card for July 20 fight night will also include fight between Brad Tavares and Junyong Park in middleweight category. Steve Garcia will fight Seungwood Choi in featherweight category. Kurt Holobaugh will fight Kaynan Kruschewsky in lightweight category. Cody Durden will fight Bruno Silva in flyweight category. Dooho Choi will fight Bill Alegeo in featherweight category. UFC Fight Night for July 20 will be streamed on ESPN+. UFC Fight Night for July 20 main card will start at 8 pm (ET) on Saturday.

India ranked second in terms of paid net subscriber additions globally for video streaming giant Netflix in the June quarter, and third by revenue percentage growth, backed by a strong content lineup headlined by ‘Heeramandi: The Diamond Bazaar’ web series. Netflix's paid net additions stood at 8 million in Q2 compared to 5.9 million in the same period last year. Its global paid subscriber base stood at 278 million. Revenue for the quarter grew 17% to $9.5 billion, while net income rose 45% to $2.1 billion.

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

Sensex on Thrsday jumped over 600 points and crossed the 81,000 mark for the first time, while Nifty inched closer to Mt 25K by crossing the hurdle at 24,800. As the buying momentum was led by heavyweight bluechips, small and midcap indices fell around 1% each. The combined market capitalization of all listed stocks on BSE, consequently, fell around Rs 80,000 crore to Rs 454.43 lakh crore.

«Having said that, if you look at the valuations basically, we have started discounting FY26 and FY27, so that basically means that we are probably headed into a phase of time correction, consolidation, probably some amount of value correction that we should be prepared for,» says S Krishnakumar, Lion Hill Capital. Which camp are you in – the cautious, happy camp which has made a lot of money last three-four years and now taking it easy or still on the ball, completely looking for good ideas and not very cautious on the market. S Krishnakumar: I think I belong to the first camp and been cautious but invested, so we have been probably making good returns last three-four years. Of course, with all the news flow around us that we see, India is in a sweet spot in terms of foreign interest and also on domestic flows that are coming through.

South Korean prosecutors have asked a court to arrest the Hancom CEO Kim Sang-cheol as part of a probe into an alleged crypto “slush fund.”

III Points Festival with a special headlining show, as per the reports of the New York Post.