Performer Financial News

Federal Reserve is done raising rates leaving the greenback headed for a weekly loss. A slew of weaker-than-expected U.S. economic data released this week, led by a slowdown in inflation, has reinforced market expectations that the Fed has reached the end of its aggressive monetary tightening cycle, with focus now on when the first rate cuts could begin. Market pricing shows just a 0.3% chance of another rate hike in December, as compared to a roughly 15% chance a week ago, with a 35% chance that the U.S.

The Nifty 50 moved past the 19700-mark and ended at 19765.20 points and the Sensex settled at 65982.48 points. Among the major movers in the market were index major Tata Consultancy Services, PB Fintech, and Kalyan Jewellers India. PB Fintech shares hit a one-month high intraday and ended more than 2% higher in trade.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4% from a two-month high, but still up 3.1% so far for the week in its best performance since July. Both Brent and U.S. crude slid almost 5% on Thursday to four-month lows in a move that was blamed on economic and supply concerns, though technical selling likely played a part when the $80 bulwark broke.

Gaza's biggest hospital. Reuters could not immediately verify the video that showed a deep hole in the ground, littered with and surrounded by concrete and wood rubble and sand. The army said its troops also found a vehicle in the hospital containing a large number of weapons, according to a report published by Reuters. 1) Hamas on Thursday said claims by the Pentagon and US State Department that the group uses Al Shifa for military purposes "is a repetition of a blatantly false narrative, demonstrated by the weak and ridiculous performances of the occupation army spokesman." 2) White House spokesperson John Kirby said the United States is confident in an assessment from its own intelligence agencies on Hamas activities in Al Shifa hospital and will neither share nor elaborate on it.

World Cups. But the sheer dominance it has displayed over the one-day game this time is unprecedented. Wednesday’s 70-run win over New Zealand in the first semi-final exemplifies this success.

PDS) to almost two-thirds of India’s population. It proved to be a lifeline during the covid pandemic, with the government raising its entitlement from the mandated 5kg per person to 10kg, free of cost. While the quantity hike was rolled down after the pandemic ended, it continues as a free-ration scheme, as against the earlier subsidized price of ₹2 per kg for wheat and ₹3 per kg for rice.

By Wayne Cole

Mint explains: MSCI is a standalone NYSE-listed global index, whose stock indices are widely tracked by global asset managers, hedge funds, banks, corporates and insurance companies to allocate funds across global stock markets. The indices are widely used for passive investment by exchange traded funds, index funds and some fund of funds. Passive fund returns mirror index returns unlike active funds which can beat or underperform benchmarks.

World Cup final on 19 November. Australia won the second semi-final against South Africa and let us take a look at the top wicket-takers in this World Cup ahead of the final clash. Mohammed Shami made history as he registered the best wickets by an Indian bowler in World Cup history.

MUMBAI : There is a “wide consensus" supported by economic forecasts that real gross domestic product (GDP) growth in the second quarter will turn out to be better than the Reserve Bank of India’s (RBI) projection of 6.5%, an article in the central bank’s November bulletin said on Thursday. The estimates for the second quarter (Q2) of FY24 are set to be released at the end of this month.

Emma Stone, popularly known for her role in 'Poor Things,' is all set to receive the Desert Palm Achievement Award, Actress at this year’s Palm Springs International Film Fest. The film award will be held on January 4, 2024.

ABB India Ltd’s September quarter earnings were better than expected on several counts. Thanks to a more favourable mix of products and revenues, improved utilization levels and price realization, and better priced older orders, operating margin expanded 580 basis points (bps) year-on-year (y-o-y) to a multi-quarter high of 15.8%, while gross margin was up 190 bps at 36.7%. The company follows a January to December financial year.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Target, Intel, Tencent Music Entertainment Group , and a Buy initiation at Wayfair.

₹6,300 a tonne, according to an official notification. For the past two weeks the the levy stood at ₹9,800 a tonne. The revised tax rate comes into effect from Thursday.

SINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite. Alibaba on Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect" the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth.

Thanksgiving approaches, lovebirds Taylor Swift and Travis Kelce find their plans for a cozy holiday celebration potentially thwarted by the demands of their respective schedules. While the duo has been navigating the complexities of a high-profile relationship, the upcoming holiday season poses a unique challenge for them to spend quality time together.

On Tuesday, inflation data came in only slightly below consensus, garnering a strong response from the financial markets. This not only translated into robust gains in the stock markets but also triggered a depreciation of the U.S. dollar and a decline in Treasury bond yields.

Hero MotoCorp was largest gainer amongst Nifty stock on Thursday, Hero MotoCorp share prices ended the day with gains of 3.34% on the NSE. The record festive sales logged by the company propped up the investor sentiments. In its press release Hero MotoCorp said that it recorded its highest-ever festive sales, clocking more than 14 lakh (1.4 million) units in retail sales during the 32-day festive period - between the first day of the Navratras and Bhai Dooj – this year.

(Reuters) -China's Alibaba (NYSE:BABA) Group Holding said on Thursday it will scrap the spin off of its cloud unit in response to export curbs by the United States on chips used in artificial intelligence applications.

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