Performer Financial News

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

Mint explains: Investors across the spectrum—retail, institutional, domestic and foreign—have been pouring money into Indian equities. Foreign investors who were on a selling spree in September and October, have begun buying in November and December. Analysts say this is largely fuelled by the BJP’s victory in recent state elections, which is seen as a sign of continued economic reforms.

A federal agency says a chemical leak that killed six workers at a Georgia poultry plant in 2021 could have been prevented

Kristen Stewart will be honored with the Visionary Award at the 2024 Sundance Film Festival at its opening night gala January 18. Stewart is receiving the award as a recognition of her «work as an uncompromising artist and contributions to the field of independent film.»

Netflix Netherlands has confirmed the renewal of the Flemish-Dutch co-production, "High Tides," for a second season. Production for the new season is set to commence next year.

Netflix wraps up its year with a final round of renewals. Blue Eye Samurai, the adult animated series, secures its spot for a second season. The official announcement came on December 11. Released on November 3, Blue Eye Samurai garnered attention as one of the standout Netflix animated shows of the year. Critically acclaimed with a 100% Tomatometer score and a 96% audience score on Rotten Tomatoes, the series received praise for its aesthetics, engaging storyline, and action-packed scenes.

General Motors’ troubled Cruise autonomous vehicle unit is cutting over 900 jobs as it moves to reduce costs and remake itself after a series of safety problems in San Francisco

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By Jason Lange, Alexandra Ulmer and Gram Slattery

At its ‘AI Everywhere’ event in New York today, Intel (NASDAQ:INTC) unveiled a comprehensive portfolio of AI products.

According to the latest InspereX Pulse Survey, a shift is underway in the investment landscape as financial advisors anticipate the end of the inverted yield curve. The survey, which polled 384 financial professionals, reveals a consensus among 62% of advisors who believe that rates on the 2-year U.S. Treasury have peaked. Furthermore, only 34% suggest a similar trend for the 10-year note, hinting at a potential resolution to the yield curve inversion.

BSE Sensex closed above 20,000 on 11 December 2007. By October 2008, the retiree would have notionally lost more than 60% of their equity corpus when the Sensex plummeted below 8,000. This risk, wherein negative market returns occur early in retirement or even during the last leg of working years, impacting the longevity of retirement savings, is known as sequence of returns risk.

OUR GUEST this week asks to be introduced properly as a hyper-SUV: The Lotus Eletre, assembled in Wuhan, China, is the first all-electric Lotus of its post-petroleum era. In 2017, Chinese conglomerate Zhejiang Geely Holding Group took controlling interest in the 75-year-old manufacturing concern, based in Hethel, England, and has since spent more than $2 billion turning smoky, drafty old Lotus into Lotus Technology, a luxury electric hothouse. To say Lotus got the better end of the deal is heroic understatement.

LONDON — Markets have entered a «new paradigm» as the global order fragments, while heightened recession risk means that «bonds are back,» according to HSBC Asset Management.

Researchers have developed a new artificial intelligence (AI) model that can predict the risk of long-term visual impairment in patients with high myopia, one of the top three causes of irreversible blindness in many regions of the world. The team at the Tokyo Medical and Dental University (TMDU) said its machine-learning model works well for predicting-and visualising-the risk of visual impairment over the long term.

Infosys will announce its quarterly results for the three and nine months ended December on January 11, the company informed the exchanges. «A meeting of the Board of Directors of the company will be held on January 10 and 11, 2024, inter alia to approve and take on record the audited consolidated financial results for the quarter and nine months ending December 31, 2023,» the company said in a filing. In the second quarter, the Bengaluru-based company reported a 3% growth in consolidated net profit at Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore. In an unexpected move, the software major tweaked its guidance for FY24 in the September quarter.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

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The Polygon (MAITC) crypto has seen an increase in appeal and activity as its ecosystem could see a massive surge in activity during the upcoming year, based on an official announcement by its co-founder.