Reports Financial News
05.12 / 22:19
Man
Death
reports
Family sues Panera, saying its caffeinated lemonade led to Florida man's cardiac arrest
The family of a 46-year-old Florida man has filed a wrongful death and negligence lawsuit against a restaurant chain, claiming its caffeine-filled lemonade drink led to his death
05.12 / 21:45
05.12 / 21:15
reports
prevention
Tiger Woods vaults 430 spots, drawing scrutiny to world rankings
Tiger Woods vaulted 430 spots in the Official World Golf Ranking after finishing 18th out of 20 golfers in his invitational Hero World Challenge. Woods, who was making his first start since withdrawing from the Masters in April, had fallen to a career-low 1,328th in the OWGR by last week. He made his return at the Bahamas and while the 47-year-old surprised many with his solid play, Woods bested only two players in the field. That didn't prevent Woods from climbing to 898th in the OWGR, his highest since before withdrawing from the 2022 PGA Championship. That also doesn't speak to the fact that the Hero World Challenge is an unofficial PGA Tour event. LIV had its application to earn OWGR points denied earlier this year, largely due to the fact that its events are limited to 48 players competing in a three-day shotgun start format with no cut that also includes a team aspect. But that Woods could climb 430 spots in an unofficial event in which he finishes third to last will almost certainly draw ire from those who believe LIV players should be earning rankings points. Woods finished ahead of only reigning U.S.
05.12 / 19:57
Reuters
economy
show
social
information
reports
Department
Low
US job openings hit more than 2-1/2-year low as labour market cools
WASHINGTON : US job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers, and boosting financial markets expectations the Federal Reserve's monetary policy tightening cycle was over. The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday also showed that there were 1.34 vacancies for every unemployed person in October, the lowest since August 2021 and down from 1.47 in September. Fewer workers are resigning, which over time could help ease wage inflation.
05.12 / 19:57
Bill
country
reports
fall
reserves
Decoding the fall and rise of India’s forex reserves
Bank of India (RBI) to actively manage the value of the rupee against the dollar. India imports much of the oil that it consumes. During April to September, the country imported 87.5% of the oil that it consumed.
05.12 / 19:57
Target
Action
Matthews
President
country
reports
Department
US announces visa bans after warning Israel over West Bank violence
WASHINGTON : The US State Department will impose visa bans against individuals involved in undermining peace, security or stability in the occupied West Bank, Secretary of State Antony Blinken said in a statement on Tuesday announcing a new visa restriction policy. The restrictions will target those who have committed acts of violence or taken other actions that restrict civilians' access to essential services and basic necessities and may also apply to those individuals' family members, Blinken said. President Joe Biden and other senior U.S.
05.12 / 19:53
economy
2020
reports
Department
Job data suggests ‘soft landing’ is increasingly likely, economists say
The U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said.
05.12 / 19:27
Citi
Digital
Death
President
hospital
reports
patient
Investigations
2 patients die while waiting in Montreal-area ER, investigations launched
Multiple investigations are underway after two patients died in separate incidents in the emergency room of a Montreal-area hospital last week.
05.12 / 19:05
Waves
Platform
Forbes
band
innovations
reports
India's tech chops help GCCs to look within for solutions
global capability centers or captives in India has been insourced from an IT firm, as per data sourced by ET. This is driven by multinationals which are making a beeline for India's abundant technology talent for functions and are going beyond back-office support through their GCCs. ANSR, which helps set up GCCs and handles over 110 centres and 120,000 GCC talent resources, says that over 30,000 critical jobs over the past decade have been insourced from system integrators to their own payrolls by GCCs.
05.12 / 18:43
Citi
Target
Extreme
Manufacturing
Mobile
Apple
reports
place
Enough iPhone buffer stock in place, Chennai rains won't hit Apple's business
Apple's iPhone business in India will have no impact from the reported factory closure in Chennai due to the extreme weather situation in Chennai owing to cyclone Michaung, said industry executives close to the company. They said Apple ensures there are enough buffer stocks of iPhones in distribution to deal with such situations. «Apple does not work in a just-in-time inventory model, where a day of downtime impacts supplies. They ensure there is enough stock to tide over a week-long disruption,» said one of the executives, who did not wish to be identified. The executives said Apple treats worker safety as the top priority in such situations and that this has been communicated to its suppliers in the cyclone-affected area. Production was yet to resume at Foxconn and Pegatron facilities in Sriperumbudur near Chennai on Tuesday, despite an improvement in weather, after being halted following heavy rains impacting day-to-day life in the coastal city and its outskirts. Taiwan-headquartered Foxconn and Pegatron are two of Apple's key local assemblers of iPhones and are part of the government's production-linked incentive scheme.
05.12 / 18:43
President
show
track
country
reports
'Oil'-Jaber the hutt & headmaster Guterres
COP fest is underway again — this time with 70,000 participants and unlimited gyaan in Dubai. Already there's been a good kerfuffle. The Guardian reported last week that in an online event in November, COP president and head of Abu Dhabi National Oil Company, Ahmed Al Jaber, had stated there is 'no science out there' that says that a phase-out of fossil fuels will achieve restricting global heating to 1.5° C.
05.12 / 18:41
economy
Remark
information
reports
strain
Posthaste: Ontario's housing market is almost as loose as the great 1990s meltdown
Ontario’s housing market is raising red flags.
05.12 / 18:41
Action
Gap
Nov
reports
Financial
RBC hit with $7.5-million penalty from financial intelligence agency
Royal Bank of Canada has been ordered to pay a nearly $7.5-million penalty for administrative violations under the Proceeds of Crime (Money Laundering) and Terrorist Finance Act and associated regulations.
05.12 / 18:41
Google
Platform
economy
Instagram
show
reports
Live news: CRTC should regulate Facebook, Instagram once Online News Act takes effect, minister says
Heritage Minister Pascale St-Onge says Canada’s broadcasting regulator should look into regulating Meta Platforms Inc. when the Online News Act comes into effect, as users find loopholes to share news on its platforms.
05.12 / 18:16
FIVE
Strategy
track
reports
Acquisitions on the horizon in real-money gaming sector
NEW DELHI : India’s nascent real-money gaming industry is going through a phase of consolidation, with larger firms looking at smaller startups that may help improve the former’s net user base, and in the long run, revenue. Industry stakeholders such as Mumbai-based unicorn Games24x7, as well as publicly-listed gaming firm Nazara Technologies, are among those that believe that consolidation across the industry is inevitable—but finding offers with the right valuation poses a challenge. In an interview with Mint, Sudhir Kamath, chief operating officer of Nazara, said the company will make strategic acquisitions in the long run, as and when it finds the right opportunities.
05.12 / 18:16
FIVE
Assurant
Strategy
Enterprise
reports
testing
Adani upswell adds 65% to Tuesday’s stock market gain
₹2.9 trillion, investors in Adani group companies turned wealthier by ₹1.9 trillion, marking the biggest single-day jump in value for the infrastructure conglomerate. Three Adani companies shot up 20% each to hit their upper circuit limits, even as the group’s market cap neared ₹14 trillion.
05.12 / 18:15
FIVE
Platform
Racing
show
information
reports
Over 70 GST notices issued to online gaming firms, ₹1.1 tn due
GST) in FY23 and in the current financial year up to October, minister of state for finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday. The minister said in a written reply that the notices involved GST dues of ₹ 1.12 trillion. However, since these notices are pending adjudication, the respective GST demand is not yet determined under the provisions of Central GST Act, the minister said.
05.12 / 18:15
Cooper
President
country
hospital
reports
LPG supply affected in Northeast as IOC cylinder transporters go on flash strike
PTI. “It is not a strike, but we have stopped plying our vehicles from Monday as some of our dues have been pending since 2018. We request the company to release the amount immediately," NEPLTA president Niranjan Mahanta told PTI.
05.12 / 18:15
Reuters
Booking
reports
500
Bank of India to raise ₹4,500 crore via QIP; floor price set at ₹105.4 per share
Bank of India on Tuesday, December 5, announced the launch of a qualified institutional placement (QIP), set at a floor price of ₹105.42 per equity share. This is the bank's first Q1P launch since 2021. "...Approved the floor price of the Issue, being Rs.
05.12 / 18:15
FIVE
innovations
reports
R&D spends of Indian IT majors on a decline
₹10,700 crore R&D expenses were more than four times the cumulative innovation spending of the five companies in the last five years, totalling ₹2,361 crore, according to a Mint analysis. “Organisations worldwide continued to face a slowdown through multiple macroeconomic headwinds and challenges such as inflation, recessionary fears, global conflict, and supply chain disruptions assaulting their strategic goals," Tom Reuner, managing director at IT outsourcing advisory, HFS Research, said. “They are also in a big hurry to drive innovation to respond to challenges and stay relevant.
05.12 / 18:15
FIVE
Extreme
pandemic
Celebrity
performer
reports
testing
fall
What the Stock Market Taught Us This Year: Don’t Fall for These Investing Traps
The uncertainty around near-term interest rates has dominated the story of the stock market in 2023. Perhaps not since the 1970s—when runaway inflation and sky-high interest rates were the crisis du jour—has monetary policy affected investment outcomes in such a pronounced way. Yet look more closely, and it would seem that Wall Street has been more influenced by perception than reality: Company and individual balance sheets remain mostly healthy, businesses are battle tested and unemployment remains low.
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