Reports Financial News

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates

The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows

The deadly collapse of a concrete roof at a rail station in Serbia has raised tensions across the Balkan county

The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index

Prime Minister Justin Trudeau is expected to announce on Thursday a temporary GST break for certain essential items to help ease affordability pressures.

Sean Diddy Combs' jail cell last month. Eleven pages and eight pages of a calendar book containing notes written by Combs, 55, in his Brooklyn cell at the Metropolitan Detention Centre were confiscated as part of a planned sweep to address contraband and drugs, according to NBC News' coverage of court proceedings on Tuesday, November 19, as quoted in a report by US Weekly. According to a report Diddy wrote about paying off witnesses and finding dirt on victims, according to prosecution assistant U.S. attorney Christy Slavik. Slavik was quoted as saying that a witness was paid off, and finding dirt on two different victims is not a privilege.

Kyiv said earlier on Thursday that Russia had launched an intercontinental ballistic missile during an attack on the city of Dnipro. Russian Telegram channels said Russia had attacked what is known in Ukraine as the missile and space rocket company Pivdenmash, which is headquartered in Dnipro.

Subscribe to enjoy similar stories. The nation’s largest workforce could soon be ordered back to the office full-time. President-elect Donald Trump has vowed to slash government bureaucracy and appointed uber-wealthy entrepreneurs Elon Musk and Vivek Ramaswamy to lead the efficiency effort.

equity markets in 2025, with the Nifty 50 likely to reach 27,000, rebounding from its current 9.5% dip below the September 2024 peak due to FII outflows. The brokerage has elevated resilient export-oriented sectors like IT and pharma to overweight and market weight, respectively, benefiting from improving demand, a weaker rupee and defensive attributes. Goldman Sachs said the expected rebound in the Nifty 50 index would be fueled by a combination of mid-teen earnings growth and strategic focus on export-oriented sectors like IT and pharma, which have been upgraded to reflect their favorable positioning in the current macroeconomic environment, benefiting from improving global demand, tailwinds from a weaker rupee, and defensive characteristics. The brokerage report highlights stable revenue visibility in these sectors, supported by structural demand trends and cost advantages.

Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI. Reliance Jio lost 79.69 lakh mobile subscribers in September compared to the previous month, Bharti Airtel (14.34 lakh users), and Vodafone Idea (15.53 lakh users). Bharat Sanchar Nigam Ltd (BSNL) added 8.49 lakh users to its wireless subscriber tally. The wireless subscriber base of Reliance Jio stood at 46.37 crore in September, while that of Bharti Airtel was 38.34 crore. The wireless user base of Vodafone Idea was 21.24 crore as of September 2024.

According to the IA's Culture, Talent and Inclusion report, there is an 18% gap between the proportion of 50–64-year-old women and men working in the investment management industry, with women from this age bracket accounting for just 8% of the workforce.  This is larger than the industry-wide discrepancy between male and female employees overall, which stands at 53% and 41%, respectively.  The IA's research showed that increasing care responsibilities for children and aging parents begin to impact women over 35, and the menopause is thought to be an impact on middle-aged women's abil...

Subscribe to enjoy similar stories. One problem with being on top is there is often nowhere to go but down. Nvidia’s breakneck growth over the past 18 months has definitely put the company on top—both of the burgeoning artificial-intelligence market and the stock market.

BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth.

Nifty 50 index recently breached a significant technical milestone, its 200-day Exponential Moving Average (EMA), on November 13 and is now trading below it. Domestic brokerage firm Bajaj Broking believes that it is a signal, promising potential returns for investors in the coming months. A report by Bajaj Broking suggests that historically, out of 11 instances analyzed (excluding the COVID-19 market crash), the Nifty showed positive returns in 10 cases over a one-year period. This track record further emphasizes the potential significance of the recent EMA touchpoint.

Elon Musk joined Google CEO Sundar Pichai on a call with U.S. President-elect Donald Trump, according to The Information. Pichai called Trump to congratulate him on his victory over Kamala Harris in the recently concluded U.S. presidential election. While the conversation details remain unclear, Musk reportedly listened in as Pichai conveyed his message to Trump.

Swiss chocolate company Lindt & Sprüngli has found itself at the centre of a legal controversy in the United States. In 2023, a class action lawsuit was filed against the company, accusing it of misleading consumers about the quality of its products. The case stems from allegations that Lindt’s premium dark chocolate contains significant amounts of lead and cadmium, two heavy metals known to have harmful effects on health. The legal dispute began after a 2022 Consumer Reports study, which highlighted the presence of alarmingly high levels of lead and cadmium in Lindt’s Excellence Dark Chocolate 85% Cocoa and Excellence Dark Chocolate 70% Cocoa. The study, which examined several brands of dark chocolate, raised concerns about the long-term health effects of consuming chocolate with high metal levels. Lindt, however, was the focus of much of the backlash. In its defence, Lindt claimed that «lead and cadmium are unavoidable in the food supply» and insisted that the trace amounts in its products were well within regulatory limits. The company further argued that marketing terms like “expertly crafted” and “finest ingredients” were simply promotional language, or “puffery,” which should not be taken as literal guarantees. This legal strategy was intended to have the case dismissed, but it only sparked further criticism.

Adani Group, helmed by billionaire Gautam Adani, bounced back from the attack by American short-seller Hindenburg Research, which had accused it of stock manipulation and fraud, the conglomerate has suffered a massive hit as prosecutors in the United States charged Gautam Adani with helping drive a $250 million bribery scheme. Stocks of Adani Group companies fell up to 20% on Thursday after Adani and seven others faced charges in the US. Prosecutors have alleged that the group bribed Indian officials to secure solar energy contracts. The US prosecutors have charged Adani and others because they allege the defendants concealed the plan to pay more than $250 million in bribes to Indian government officials to win solar energy contracts as they sought to raise money from US investors. The mega Adani deal that has landed in controversy

In its half year results published today (21 November), the firm reported its adjusted profits for this year slump from the £36 million reported in 2023, driven by an 19% fall in net revenues to £81.1m. This was partly offset by a 36% decline in operating expenses year-on-year to £69.8m.  In October, Liontrust reported a 4% slump in assets under management and advice (AuMA) over the three months ended 30 September 2024, a figure which has declined further to £25.2bn since then.  Peel Hunt analysts Robert Sage and Stuart Duncan noted that although «declining AUM is unhelpful, but mid s...

Subscribe to enjoy similar stories. NEW DELHI : Japanese telecom and technology major Rakuten Group, Inc. expects growth from open radio access network (Open RAN) solutions it offers to telecom service providers in global markets, though some of its deals are yet to pan out in the Indian market.

Reliance Jio, Bharti Airtel and Vodafone Idea—continued to suffer major customer losses for the third month in a row in September, even as state-run BSNL continued its addition spree, following the mobile tariffs hikes by the private telcos in early July. As per data released by Telecom Regulatory Authority of India (Trai) for the month of September, Jio lost 7.9 million wireless customers, followed by Vodafone Idea which saw a decline of 1.5 million wireless customers and Bharti Airtel lost 1.4 million wireless users. Bharat Sanchar Nigam Ltd (BSNL), was the only telco which added wireless customers in September as the state-run firm had not raised tariffs and is benefitting because users are shifting to the company. BSNL added 849,493 subscribers during the month. The three private telcos had raised mobile rates in the range of 11-25% in early July and these firms have been seeing their user base decline after that.

Subscribe to enjoy similar stories. Elon Musk’s artificial intelligence startup, xAI, has told investors it raised $5 billion in a funding round valuing it at $50 billion—more than twice what it was valued at several months ago. Qatar’s sovereign-wealth fund, Qatar Investment Authority, and investment firms Valor Equity Partners, Sequoia Capital and Andreessen Horowitz are expected to participate in the round, according to people familiar with the matter.