Mosaic Financial News

Investing.com — The S&P 500 closed higher Tuesday, and now has a record high within insight as the rally in stocks broadened beyond tech at a time when rate-cut optimism remains front and center.    

In the last three-four months alone, new-age tech entrepreneurs including Zomato CEO Deepinder Goyal; EaseMytrip and Optimo cofounder Prashant Pitti; Perplexity CEO Aravind Srinivas; Leverage CEO Akshay Chaturvedi and Mosaic Wellness CEO Revant Bhate have taken to platforms like LinkedIn and X to pitch job openings and watched their social media blow up. For Goyal, who has 814,000-plus followers on LinkedIn and another 705,000-plus on X, a controversial chief of staff job post in late-November brought in 18,000 applications, of which 30 received offers and 18 have since joined Zomato and other group companies like Blinkit, according to his February 5 update.

NASA this week, reported that they had completed a decade-long, laborious effort to construct a comprehensive picture of our neighbouring galaxy, Andromeda. The final outcome is a panoramic view providing the most thorough depiction of the whole galaxy. Its scientific characteristics can potentially revolutionize and expand our knowledge of how spiral galaxies arise and grow across the cosmos.

Narendra Modi is set to meet Spanish PM Pedro Sanchez on Monday in the Durbar Hall of the iconic Lukshmi Vilas Palace in Vadodara that has played host to many royal concerts and cultural events. The two leaders will also have lunch at the iconic palace that was built in the late 19th century by Maharaja Sayajirao Gaekwad III, the then ruler of the erstwhile state of Baroda, people familiar with the matter said on Sunday. «We are all geared up for tomorrow when the Lukshmi Vilas Palace will host the two leaders. The meeting will take place in the Durbar Hall and the luncheon will happen in the banquet hall on the premises of the palace,» a palace source told PTI. The menu will have cuisines reflective of both Gujarati and Spanish culinary heritage, the source said.

NASA News: The Curiosity rover made its most unusual discovery on Mars: rocks made of pure sulfur. The rover drove over a rock and cracked it open, revealing yellowish-green crystals which had never been seen before on Mars.Ashwin Vasavada, the Curiosity project scientist at NASA's Jet Propulsion Laboratory (JPL), called it the Mars mission's strangest and most unexpected find. He attributed it to luck since not every rock contains something interesting.On May 30, Vasavada and his team observed Curiosity’s mosaic and noticed a crushed rock in the rover’s wheel tracks.

Foreign investors are expected to defer investments in Indian equities until clarity emerges on the new government and its policies, with the political mosaic drastically altered after a narrower-than-expected NDA poll victory that has left the BJP reliant on allies for a simple majority. Overseas investors have sold Indian stocks worth ₹34,257 crore in the last two months and sold over ₹25,000 crore in May, alone. «No major immediate moves are expected, especially with the consumption story emerging post the mandate which was significantly different from the predictions of the exit polls and even what markets wanted,» said Abhilash Pagaria, head of alternative & quantitative research at Nuvama.

Vietnam aims to transform its rice sector, making it more resilient to climate change while also reducing its emissions of methane, a greenhouse gas far more potent than carbon dioxide

Epic Games has stirred excitement with the announcement of a spectacular live event featuring the Titan Hand and Earthquake. This event, set to unfold amidst seismic activity on the island, marks the transition to the game's forthcoming season, rumored to embrace a Greek mythology theme, as per a Dexerto report.

T. Rowe Price veterans are preparing to take on new leadership roles in the intermediary and retirement plan services business units.

Surat International Airport is being denoted as an integral part of the Gujarat city's infrastructural boost. PM Narendra Modi has called it «a major infrastructural upgrade for Surat, boosting ‘Ease of Living’ and ensuring greater commerce for the city and surrounding areas.» It is to be noted that as of now, Surat connects to 14 domestic cities including Delhi, Chennai, Bengaluru, Kolkata, Hyderabad, Goa, Goa Mopa, Belgaum, Pune, Jaipur, Udaipur, Indore, Diu and Kishangarh.

Maneesh Dangi, Founder, Macro Mosaic Investing & Research, says “we are entering a very longish bond rally and much of the pain of 2022 would unwind in 2024… On currency also, we are perhaps entering a very longish dollar bear market. And there is a small chance that the dollar actually does somewhat well in the US recession, but otherwise in a very-very long US bear market and that will actually help us emerging market currencies pretty significantly.” What a change in stance by the Fed! Were you expecting it? Yes, incidentally, I sort of made this prediction on your channel a week ago. I have made this point a couple of times in the last two months that we are closer to the Fed pivot, closer to a deep dive in US interest rates. People often think that more of today will continue tomorrow but at times, of course, these things change and typically rate these oscillating variables. I was expecting this, I have written about it extensively and I think rates in the US are headed much lower from where they are today. They have already rallied quite substantially but a significantly rally ahead. A US economy cannot absorb such high interest rates and the Fed had to recognise and they did once they have begun to side that inflation is sort of in control right now.

Amrit Brikshya Andolan launched by the Government of Assam received fitting recognition, as the state created nine Guinness World Records in nine different categories. Chief Minister Himanta Biswa Sarma received the certificates from Guinness World Record Adjudicator Swapnil Dangarikar at a function held at Srimanta Sankardev Kalakshetra here today. Sarma launched Amrit Brikshya Andolan and as a part of the drive a total of 1,11,17,781 seedling of commercially valuable tree species were planted across the State on a single day on 17 September, 2023. The entire exercise was carried out in Jan Bhagidaari model, through active involvement of the Self-Help Group Members, ASHA Workers, Anganwadi Workers, educational institutions, police personnel including VDP, tea garden workers, government officials and other citizens. During Amrit Brikshya Andolan started by the Department of Environment and Forests attempts were made to create Guinness World Records.

Maneesh Dangi, Founder, Macro Mosaic Investing, says “it is very unlikely that the US would have a 2008 play out because the US balance sheets are pretty clean in terms of household balance sheets and corporate balance sheets are not levered. But that cannot be said for Europe, cannot be said for China, it cannot be said for many other emerging markets. So I do not know and I do not think a GFC kind of liquidation or credit events are going to play out in the US but then it is more likely that it could pay out in some other places. Thankfully, Indian balance sheets look as clean as they were in 2007. So India is out of the picture as far as that sort of balance sheet stress is concerned.” Do you think everything is moving on expected lines? The Fed was not supposed to increase rates, they have not increased rates. The Fed was supposed to say that they are keeping the interest rate window open, which is what they said. The Fed was supposed to increase their outlook for the US economy, which they did. So, the Fed is becoming rather easy to call now. Yes, it is a sensible Fed because having taken the rates higher by about 550 basis point, Fed is deeply aware as we all are, that interest rates work with a lot of lag and incidentally I was reading a research report today early that perhaps today's interest rates operating in US could be of last Diwali.

Sunnyfields Farm in Southampton has achieved a remarkable feat by setting a new Guinness World Record. The record-breaking mosaic, inspired by the whimsical world of filmmaker Tim Burton, is a masterpiece crafted from an astonishing collection of over 10,000 pumpkins and squashes. This extraordinary achievement was unveiled to commemorate the 30th anniversary of the beloved animated film, 'The Nightmare Before Christmas,' and beautifully captures the iconic moonlight stance of Jack Skellington, the film's protagonist. Sunnyfields Farm now proudly holds the title for the largest mosaic ever created from squashes, a monumental feat that required the mosaic to span an impressive 100 square meters.

Space.com. The delay in the launch will allow NASA's team to complete verification of the parametres used to control the Psyche spacecraft's nitrogen cold gas thrusters. Also read: NASA releases new mosaic of Moon's Shackleton Crater, offers closer look of lunar South Pole The parametres were adjusted in response to updated warmer temperature predictions for these thrusters.

The US Commodity Futures Trading Commission (CFTC) has announced a civil enforcement action against a crypto trading platform called Mosaic Exchange Limited and its owner, Sean Michael. 

NASA on September 19 unveiled mosaic of the Shackleton Crater that demonstrates the capabilities of two lunar orbiting cameras working together to provide insight into lunar South Pole region. The image released by NASA was constructed using data from Lunar Reconnaissance Orbiter Camera (LROC) and ShadowCam. LROC has been operational since 2009 and excels at capturing detailed lunar surface imagery but faces limitations in photographing shadowed regions of the Moon that remain devoid of direct sunlight called permanently shadowed regions.

Offline, a private members’ community for tech founders and CEOs for India, has raised $2 million from a clutch of angel investors including Groww’s Lalit Keshre, Razorpay’s Harshil Mathur and Shashank Kumar, Xiaomi’s Hong Feng and Alvin Tse, Ultrahuman cofounders Mohit Kumar and Vatsal Singhal, in addition to cofounders of startups such as Shiprocket, Polygon, Park+, Fashinza, GoKwik, Mosaic Wellness and others. The community platform, launched by Utsav Somani, former India head of AngelList, will build a closed-knit community of startup founders with a certain growth trajectory. “They need to meet either of these criteria to even apply – $5 million raised or $5 million in revenue or $10 million in a previous exit,” according to a statement.

Guinness World Record during the massive plantation drive this month. Government of Assam, through the launch of Assam Green Mission, has set out a goal of increasing green cover of the state by 2% from 36% to 38% over a span of Five years. Assam's mega plantation drive, "Amrit Brikshya Andolan, 2023" involving plantation of Over one Crore seedlings of 53 number of commercially valuable species. to be planted across the State in one day on 17th September, 2023, in a Jan Bhagidaari model, will attempt to create multiple records. Assam chief minister Himanta Biswa Sarma said that around 1.46 crore seedlings of 53 commercially valuable species have been mobilized of which 1.17 crore seedlings have been mobilized via competitive bidding.

Maneesh Dangi, Macro Mosaic Investing & Research, says «over a medium term, China will continue to disappoint. But relative to market expectations, when at least in India, the general popular view would be that China is in a doom loop and perhaps is having a recession, that is not true. China is likely to grow at 4-5% over the next many years.