Reports Financial News

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

By David Shepardson

(Updated — December 6, 2023 12:11 PM EST)

Google took its next leap in artificial intelligence Wednesday with the launch of project Gemini, an AI model trained to behave in human-like ways that’s likely to intensify the debate about the technology’s potential promise and perils

Gov_ Ron DeSantis’ appointees to Walt Disney World’s governing district have released a series of reports justifying their takeover of the government and accusing their Disney-controlled predecessors of being a part of “the most egregious exhibition of...

Kazakhstan and accelerating economic growth. India is one the countries from where Kazakhstan is seeking FDI. As stipulated in the decree, the Investment Promotion Council will have the power to make binding decisions on both central and local government bodies and entities in the quasi-public sector.

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?

₹5060 crore. -"The floodwaters in Chennai's suburbs are still inundated.

Investing.com — U.S. private payrolls growth unexpectedly slowed in November, in a sign that the Federal Reserve's aggressive campaign of interest rate hikes could be impacting labor demand.

RBItrage. When it looked like their big-ticket borrowers like real-estate projects were going to default, some financiers took recourse to new funds tailor-made for them by Wall Street firms. Investors who pooled money were issued senior securities, earning them interest.

NEW DELHI : The National Financial Reporting Authority (NFRA) has debarred two partners of a Mumbai-based firm for alleged professional misconduct in auditing Devan Housing Finance Corp. Ltd’s FY18 accounts, as part of the watchdog’s efforts to improve audit quality. The regulator debarred a partner at Chaturvedi & Shah LLP for 10 years, and another for five years.

Sukhdev Singh Gogamedi, whose murder has sparked widespread protests in Rajasthan, was under threat from the Lawrence Bishnoi gang, suggest intelligence inputs. Punjab police had shared inputs with their Rajasthan counterparts months ago regarding the threat to Gogamedi’s life, news agency PTI reported citing official sources. In February this year, in an official communiqué, the Punjab DGP office informed their Rajasthan counterparts that gangster Sampat Nehra of Lawrence Bishnoi gang has plans to kill the Rashtriya Rajput Karni Sena chief.

₹30.3 in November, non-veg thali cost went up 5% month-on-month to ₹61.2. There has been a 9% on year rise in the cost of veg thali, which is driven by a 93% and 15% increase in onion and tomato prices, respectively. Prices of pulses also shot up 21% year-on-year.

The Bank of Canada held interest rates on Dec. 6, keeping its key policy rate at five per cent.

trade deficit widened more than expected in October as exports declined, likely positioning trade to be a drag on economic growth in the fourth quarter. The trade deficit increased 5.1% to $64.3 billion, the Commerce Department's Census Bureau said on Wednesday. Data for September was revised to show the trade gap rising to $61.2 billion instead of $61.5 billion as previously reported. Economists polled by Reuters had forecast the trade deficit increasing to $64.2 billion in October. Exports of goods and services fell 1.0% to $258.8 billion. Goods exports decreased 1.8% to $173.5 billion.

Adani Ports will meet on December 12 to consider a fundraising proposal through the issuance of non-convertible debentures and non-cumulative redeemable preference shares. «A meeting of the Board of the company will be held on December 12 to consider the proposal for issuance of non-convertible debentures and issuance/renewal of non-cumulative redeemable preference shares, on private placement basis/ preferential basis,» the company said in a filing. The fundraising will be done in one or more tranches. Shares of Adani Ports rallied over 23% in the last five days after the group received a shot in the arm on a Bloomberg report that quoted unnamed officials in the US International Development Finance Corporation (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding of $553 million for the Group's port business in Sri Lanka. In November, Adani Ports recorded strong cargo volumes of around 36 MMT, a robust 42% year-on-year increase. Growth was witnessed across all three broad cargo categories – dry bulk (over 60% YoY), containers (over 26%) and liquids and gas (over 23%). In the eight months of FY24 (April-November 2023), the company handled around 275 MMT of cargo, showing a healthy 21% YoY growth.

Media Partners Asia reveals that South Korea's subscription video market expanded by over 700,000 in Q3, surpassing 19 million. The report, titled «Online Video in Korea,» highlights Disney+ as the fastest-growing platform during this period, with approximately two million subscribers.

3D modelling, according to a report by venture capital firm Blume Ventures and research firm Treemouse released on Wednesday. The term extended reality (XR) covers virtual reality (VR), augmented reality (AR), mixed reality (MR), and other technologies. It merges the real and virtual worlds, providing users an immersive experience.

Bitcoin (BTC) has displayed resilience by surging to a more than 19-month high, even as global markets experienced a downturn. 

Mahsa Amini for showing her hair in public.Her death became a rallying cry against the repression of women under Iran’s clerical regime.Canada responded by designating Iran’s government a regime engaged in “terrorism and systematic and gross human rights violations.”The policy effectively barred tens of thousands of Iranian officials and Islamic Revolutionary Guard Corps members from entering Canada.The Refugee Board said the Iranian national immigration enforcement officers referred for inadmissibility hearings was born on Jan. 16, 1981.No further information has been released about him.

The Bank of Canada’s next interest rate decision is pretty much baked in as a “hold” as far as economists and markets are concerned although one expert warns that the governor Tiff Macklem should not treat “this week’s communications as a mere placeholder.”