Reports Financial News

Ben Affleck and Jennifer Lopez have yet to sell it. The couple, who are currently going through a divorce, paid $60.8 million for the house in May 2023, but they are now asking $68 million for it because of renovations. Before completing their divorce, Jennifer Lopez and Ben Affleck were also meditating on their asset distribution with a leading divorce attorney, as quoted in a report by the Blast. Jason Oppenheim, a well-known real estate broker and the star of ‘Selling Sunset,’ recently said that Affleck and Lopez shouldn't be too concerned about the length of time it has taken to sell their mansion because it usually takes at least six months for such large properties to find a buyer.

Boeing reported a massive loss of more than USD 6 billion in its third quarter, dragged down by a work stoppage and charges tied to its commercial aircraft and defence programmes. Boeing lost USD 9.97 per share for the period ended Sept 30, with an adjusted loss of USD 10.44 per share. Analysts polled by Zacks Investment Research were calling for a loss of USD 10.34 per share. Revenue totalled USD 17.84 billion, matching Wall Street estimates. The biggest news of the day, however, is likely to come Wednesday evening, when the International Association of Machinists and Aerospace Workers reveals whether striking union members will return to factories after crippling production.

Shares of McDonald’s fell nearly 6% in premarket trading on Wednesday after an E. coli outbreak linked to the restaurant chain’s Quarter Pounder hamburgers resulted in the death of one person and sickened 49 people in the U.S.

Supreme Court has allowed fugitive Islamic preacher Zakir Naik to withdraw his plea to consolidate multiple hate speech cases against him. A bench comprising Justices Abhay Oka, Ahsanuddin Amanullah, and Augustine George Masih granted the withdrawal after Naik informed the court that he plans to approach the respective High Courts to seek the quashing of these cases, reported Bar and Bench. The Maharashtra government previously questioned Naik's ability to approach the Supreme Court given his fugitive status. The court had permitted the state to file a counter-affidavit to present their objections about the maintainability of Naik's plea. Earlier, Centre also questioned before the Supreme Court the maintainability of a plea filed Zakir Naik seeking clubbing of FIRs filed in different states over his purported statements during the Ganapati festival in 2012.

US Defence Secretary Lloyd Austin said there is evidence that North Korea has sent troops to Russia on Monday, and South Korea's spy chief told lawmakers that 3,000 North Korean troops are in the country receiving training on drones and other equipment before being deployed to battlefields in Ukraine. Austin told reporters Wednesday «What exactly they are doing? Left to be seen. These are things that we need to sort out,» according to a video posted by the Washington Post. If the troops join the war in Ukraine on Russia's side, it will be «a very, very serious issue,» Austin said, adding it would have an impact in Europe and in the Indo-Pacific region. South Korean intelligence first publicized reports that the Russian navy had taken 1,500 North Korean special warfare troops to Russia last week, while Ukrainian President Volodymyr Zelenskyy had earlier said his government had intelligence that 10,000 North Korea soldiers were being prepared to join the invading Russian forces.

Subscribe to enjoy similar stories. Netflix is giving up on making the videogame equivalent of a Hollywood blockbuster and will instead focus on producing casual games going forward. The streaming giant earlier this month pulled the plug on developing its own high-end game—what the industry calls a Triple-A title—less than a year into development, a spokeswoman confirmed.

BEIJING — Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure onApple.

Subscribe to enjoy similar stories. When Donald Trump refused to concede the 2020 election, he and his allies led a chaotic effort to overturn the results, spreading conspiracy theories, filing dozens of unsuccessful lawsuits and encouraging “Stop the Steal" protests that culminated in the assault on the Capitol.

food inflation is expected to ease by Q4 of this fiscal (FY25) on better kharif arrivals and rising prospects of a good rabi season, highlighted the Reserve Bank of India's latest report. The RBI-led rate setting panel, Monetary Policy Committee, in the minutes of October meet, has highlighted that the sowing of key kharif crops are higher than last year and the long-period average. «Sufficient buffer stocks for cereals are available for ensuring food security. Adequate reservoir levels, the likelihood of a good winter and favorable soil moisture conditions augur well for the ensuing rabi season, though adverse weather events remain a risk,» it added.

Subscribe to enjoy similar stories. Boeing is debt-ridden, mistrusted and mistake-prone, but also capable of turning itself around. That is the assessment of Chief Executive Officer Kelly Ortberg, who took over the beleaguered jet maker in August.

Coca-Cola reported higher-than-expected revenue in the third quarter as higher prices made up for lower sales volumes

Wall Street was on track to open with losses on Wednesday as more high-profile companies roll out their latest financial results

A report by the World Resources Institute shows that rapidly expanding mining operations are causing widespread destruction of tropical primary rainforests and protected areas, raising carbon emissions and displacing Indigenous communities

A senior executive for Volkswagen in China has been deported for allegedly using cocaine and marijuana while on vacation in Thailand

It's a big day for Boeing

Contract research and manufacturing services firm Syngene International on Wednesday reported a 9 per cent on-year decline in consolidated profit after tax to Rs 106 crore in the second quarter of FY25. The company reported a profit after tax (PAT) of Rs 117 crore in the July-September quarter of last fiscal. Revenue from operations declined to Rs 891 crore in the September quarter compared with Rs 910 crore in the year-ago period, Syngene International said in a statement.

According to Capital Group's latest ESG Global Study, 94% of respondents surveyed across EMEA were ESG users in 2024, one percentage point higher than a year before and up from 87% in 2021, as ESG adoption globally remained at a record high.  Meanwhile, ESG adoption rates across Asia-Pacific and North America remained unchanged from 2023, at 93% and 75%, respectively. Nearly seven in ten surveyed (68%) cited regulatory compliance as the main driver of ESG adoption, with one portfolio manager at a German private bank mentioned by the report arguing that «under EU regulations, we now ha...

Oppo Reno 13 Pro will feature a 6.78-inch quad-micro-curved LTPO OLED display with a 1.5K resolution of 1,264x2,780 pixels. This marks an improvement in display technology and size over the Oppo Reno 12 Pro, which debuted with a 6.7-inch Full HD+ AMOLED screen.One of the standout features tipped for the Reno 13 Pro is the 50MP periscope telephoto lens with 3x optical zoom, an upgrade from the 2x zoom capability of the Reno 12 Pro 5G.

Subscribe to enjoy similar stories. Wall Street is cranking up its complex bond machine again. Goldman Sachs this month sold $475 million of public asset-backed securitization, or ABS, bonds backed by loans the bank makes to fund managers that tide them over until cash from investors comes in.

Subscribe to enjoy similar stories. New Delhi: Ahmedabad-based Montecarlo Ltd, an engineering procurement and construction company, is exploring the sale of nine road assets in a deal expected to have an enterprise value of around $360 million (about ₹3,025 crore), said two people aware of the development. These nine road assets, or projects, fall under the so-called hybrid annuity model, which is considered attractive due to its risk-mitigation qualities.

marriages are emerging as a notable trend in Japan, where the total population decreased for the 15th consecutive year in 2023. The population fell by more than half a million people due to aging and low birth rates. Additionally, the number of marriages dropped below 500,000 for the first time since the 1930s. This unconventional marriage arrangement allows partners to live together as spouses while pursuing separate romantic relationships.