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At 1:27 am (ET), a container ship named the Dali was sailing down the Patapsco River when it struck a pylon of the bridge, crumpling almost the entire structure into the water. There was no indication of terrorism, police said, as per a Reuters report.

mandi prices in view of extension of onion export ban, the government on Tuesday assured farmers that it will start procurement of 5 lakh tonnes of rabi onion in next 2-3 days to protect their interest. Last week, the commerce ministry extended the ban on onion export till further orders. The ban on onion shipment was valid till March 31. «We want to assure farmers that their concern will be taken care of. ...We will begin procurement of 5 lakh tonne of rabi (winter) crop in the next 2-3 days for maintaining a buffer stock,» Consumer Affairs Secretary Rohit Kumar Singh told reporters. The onion export ban is affecting traders and not farmers as average mandi (wholesale) prices are ruling currently at around Rs 13-15/kg in Maharasthra, which is almost double from the previous year level, he said.

Egg prices are at near-historic highs in many parts of the world as Easter and Passover approach

U.S. consumer confidence held steady this month even as Americans are still concerned about high prices and feeling less optimistic about the short-term future

Hiring woes may be easing for small businesses

Stocks are ticking higher and are near their record levels

Legislation in Washington state known as the strippers' bill of rights has been signed into law

By Michael S. Derby

Shares of Stoke Therapeutics Inc . (NASDAQ:STOK) surged more than 80% Tuesday after the company reported impressive data from the STK-001 Dravet Syndrome (DS) program yesterday.

When investing in stocks, it's crucial to analyze the intrinsic value alongside market trends.

In 2024, the «Magnificent Seven,» a group of the biggest technology companies, saw most of its members continue their impressive 2023 performance, except for Tesla (NASDAQ:TSLA) stock. Facing a myriad of challenges such as waning sales and growing competition in China, Tesla stock has underperformed the S&P 500 by a wide margin.

BENGALURU : Online shopping platform Myntra on Tuesday claimed that it turned operationally profitable in the last quarter of calendar year 2023, attributing it to an expanding customer base, premiumization, collaborations with both domestic and international brands, and advancements in technological integration. Myntra did not disclose specific Ebitda (earnings before interest, taxes, depreciation, and amortization) numbers.

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A container ship rammed into a major bridge in Baltimore early Tuesday, causing it to snap in a few places and plunge into the river below. Several vehicles fell into the chilly waters, and rescuers were initially searching for at least seven people.

NEW DELHI : Recent increases in the prices of essential raw materials, including crude oil, palm oil, coffee, and cocoa, could halt the “meaningful" expansion in gross margins that makers of fast moving consumer goods (FMCG) have witnessed over the last few quarters. Faced with such cost pressures, companies are poised to tread carefully before transferring these increases to consumers, mindful of the competitive landscape and the imperative to sustain sales volumes.

Patra campaign preparations, support among people for BJP and more. Meanwhile, Patra detailed the ordeals faced by women in Sandeshkhali, the report added. Rekha Patra will contest the Lok Sabha Elections 2024 on a BJP candidate from Basirhat in West Bengal.

Pakistan Suicide Bomb Attack: Five Chinese nationals and their Pakistani driver was killed in a suicide attack in northwest Pakistan on Tuesday, according to local media reports. A suicide bomber rammed his explosive-laden car into the vehicle carrying the Chinese. This is the third such attack in the last few weeks in Pakistan.

LONDON—British judges ruled that WikiLeaks founder Julian Assange can’t immediately be extradited to the U.S. to face spying charges, opening the way for months of further legal wrangling over the fate of the former hacker. Assange, 52, who has spent the past five years in a London prison, is fighting a drawn-out legal battle with the British government to avoid being sent to the U.S.

As we noted last week, the signature move for traders in 2024 might not be to leave a bank for a hedge fund, but to go the other way. Ben Hutson did it at Barclays, and now maybe Bhavit Sawjani will be doing something similar at JPMorgan. 

Junior bankers are tired again. As we reported this week, working hours are back to unsustainable levels at some banks as managing directors who are rightly paranoid about losing their own jobs enter a frenzy of ever more detailed pitching.  

It's Easter week for Christians and Ramadan for Muslims and Holi for Hindus, but Citigroup has less ethereal things on its collective mind. Having promised to finish the first stage of its 20,000 job cuts in the first quarter of 2024, it seems to be under a bit of pressure to finish them off.