Reports Financial News

The private equity industry is set for a rebound in 2024 and investors are ready to increase their allocations to the assets, according to new research.

Stocks that are trading heavily or have substantial price changes on Tuesday: Eli Lilly, 3M rise; MicroStrategy, Chegg fall

Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation

Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips

U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures

Stocks are falling after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high

A growing number of cities are passing tax increases to expand access to child care

Iran’s official IRNA news agency reported that a tycoon's death sentence has been commuted to 20 years in prison after he returned around $2.1 billion in assets from illegally selling oil abroad

Mexico took control of its most precious natural resource by seizing the oil sector from U.S. companies in a move that’s taught to schoolchildren and celebrated as a great patriotic victory

New Mexico has reached a record settlement with a Texas-based company over air pollution violations at natural gas gathering sites in the Permian Basin

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on 'The Claman Countdown.'

Apple has hired 36 specialists from Google, following the recruitment of John Giannandrea, Google's former head of AI, as Apple's top AI executive. Additionally, the Zurich lab has attracted notable AI experts, including ex-Google employees like Bengio and Ruoming Pang, adds the report. Apple's primary AI development centers are located in California and Seattle, but the Zurich lab reportedly represents the company's increased commitment to AI.

Lok Sabha elections 2024: The Election Commission of India (ECI) on Tuesday announced that the voting for the Anantnag-Rajouri Parliamentary Constituency (PC) of Jammu and Kashmir is changed from May 7 to May 25. The decision of the election body came after it received requests from various political parties, including the J&K Apni Party, the People's Conference, the Democratic Progressive Azad Party (DPAP), and the BJP, to change the voting date.

Mumbai: Jet Airways founder Naresh Goyal has moved the Bombay High Court seeking bail in a money laundering case on the ground that both he and his wife were suffering from terminal cancer. A single bench of Justice N J Jamadar on Tuesday said it would hear the plea on May 3.

The rebound was driven mainly by fixed income and passive strategies, the report stated. Meanwhile, Article 9 funds bled money for a second consecutive quarter, with outflows hitting nearly €4bn between January and March this year.  By comparison, Article 6 funds brought in €43bn during the same period. Both Article 8 and 9 funds performed worse than Article 6 funds over the past five quarters.  Morningstar: Janus Henderson and Man Group have 'room to improve' on ESG commitments Hortense Bioy, global director of sustainability research at Morningstar and author of the report, claim...

McKinsey & Company, known as a "CEO factory," is facing scrutiny from the Department of Justice (DOJ) for its past advice to opioid companies on sales strategies, as reported by The Wall Street Journal. Notable alumni include Sundar Pichai, CEO of Google's parent company Alphabet, Sheryl Sandberg, former COO of Meta Platforms, John Malone, chairman of Liberty Media, James Gorman, ex-CEO of Morgan Stanley, and Delphine Arnault, an executive at Louis Vuitton. Other prominent figures, such as Transportation Secretary Pete Buttigieg and Sen. Tom Cotton, also had stints at the firm.

RAW) chief Samant Goel, who has been named in a Washington Post report on alleged assasination bid on Khalistani terrorist and US citizen Gurpatwant Singh Pannun, had played a key role in Balakot and Uri strikes on Pakistan by Indian forces. In a report on Monday, Washington Post had claimed that one Vikram Yadav, an RAW officer, had hired a hit team to kill Pannun. An indictment filed in a Manhattan court in November last year mentioned an unnamed Indian government official, referred to as 'CC-1', who allegedly hired one Nikhil Gupta to get Pannun assassinated. The Washington Post report claims that Goel, who was the RAW head at that time, gave the final nod for the assassination attempt of Pannun, as per a report published by The Washington Post.

3 Body Problem' dominated the streaming industry in March and remained the number one series for two weeks, its second season was planned and work was started though Netflix has not announced it officially. '3 Body Problem' Season 2 will have a new plot, characters, cast members, and turns and twists that will make the series interesting and viewers will remain spellbound.

Saurabh Bharadwaj on Tuesday said the Centre should work to urgently address the alleged side-effects of the Covidshield vaccine as millions of people in India were administered the shit during the Covid pandemic. Bharadwaj expressed concern over the alleged link between the vaccine's side-effects and a series of sudden deaths in India, claiming that Covidshield was banned in several European countries, including Germany, France, Spain, Finland, Norway and Denmark, at the beginning of 2021 due to apprehensions about its safety. UK-headquartered pharmaceutical giant AstraZeneca has admitted that in «very rare cases», its COVID-19 vaccine can cause a blood clot-related side-effect but the causal link is unknown, according to court papers being quoted in the UK media. The Daily Telegraph reported that in a legal document submitted to the High Court in London in February for a group action brought by 51 claimants, AstraZeneca admitted that the vaccine developed with the University of Oxford to protect against COVID-19 may cause Thrombosis with Thrombocytopenia Syndrome (TTS) in «very rare cases».

In its annual results published today (30 April), the trust posted an audited 2023 year-end NAV of £686.3m, equivalent to 79.3p per share. This is 5.6% lower than the unaudited NAV of £728m, or 84p per share, reported at the end of March this year. The board said the change reflects two material revisions to the unaudited independent valuation amounting to £41.5m, including a reduction in the potential earn-out from the Verne Global sale and a further write-down of the value of Aqua Comms.  With regards to the earn-out valuation, the board said that after consultation with the auditor...

Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.