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US economy, corporate world and Federal Reserve. Some stock market watchers believe it is a kind of reset as the Dow slipped more than 600 points, indicating a new phase in the US economy- a slowdown. Besides, the S&P 500 fell 1.5% and the tech-heavy Nasdaq Composite also tumbled by 2.5%. The downslide was so clear and widespread that Dow futures slipped 400 points or 0.1%, S&P 500 futures fell 1.2% and Nasdaq futures came down 1.8%. As if this is not enough, some experts apprehend further bloodbath on Friday as Amazon and Intel have already reported a fall in their earnings, reports CNN Business. They have also indicated that the transition to AI has proven costly, though its prospects remain uncertain.

Paris Olympics 2024 within a matter of a week but one certain incident caught the eye of the entire world when boxer Imane Khelif of Algeria knocked out her Italian opponent within a matter of 46 seconds. Right after this knockout, there were cries of unjust and unfair means being used, with Khelif's sexual identity coming into question.

speculation that his name was being considered for the BJP president's post, Maharashtra Deputy Chief Minister Devendra Fadnavis on Friday dismissed the reports saying the buzz was just a media creation. Reports in a section of media said Fadnavis, a senior BJP leader, will be appointed to the top post of the saffron party replacing J P Nadda, who is now a Union minister in the third term of the Narendra Modi government.

Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy. Hit by softer-than-expected job reports and disappointing forecasts from Amazon and Intel, the Nadsaq's latest decline leaves it down 10.2% from its record high close of 18,647.45 points on July 10.

Tamilnad Mercantile Bank reported a 10% rise in net profit for the June quarter at Rs 287 crore against Rs 261 crore in the year ago period even as it has increased provisions and contingencies. The operating profit stood 23.4% higher at Rs 469 crore against 380 crore, supported by a 40% rise in non-interest income while net interest income was lower for the quarter at Rs 466 crore against Rs 514 crore in the year ago period. The bank's net interest income for the quarter was however higher at 4.12% against 4% earlier. Provisions and contingencies stood higher at Rs 85 crore against Rs 39 crore even as gross non-performing assets fell to 1.44% at the end of June against 1.56% a year back.

Warren Buffett is not done selling Bank of America.

Pixel 9 Pro Fold, showcasing its new design and advanced features. The foldable device, available in two color options, black and off-white (likely named obsidian and porcelain), is presented with an expanded folding screen. Unlike its predecessor, the Pixel Fold, this model unfolds completely flat, thanks to a redesigned hinge mechanism.

The Parliamentary Budget Officer (PBO) is projecting a $17.4 billion boost in income tax revenues from 2024-’25 to 2028-’29, thanks to the federal government’s latest effort to bolster the nation’s coffers. The policy change, which was introduced in Budget 2024 and came into effect on June 25, increases the capital gains inclusion rate for corporations and trusts from one-half to two-thirds and applies the same rate for individuals on yearly gains exceeding $250,000.

Bilt Rewards, the customer-loyalty program provider that converts rental payments into points for airline miles, hotel stays, restaurant meals and other perks, has raised US$150 million in additional equity funding led byOntario Teachers’ Pension Plan. 

Cameroon, left the country at the age of just 11 with her family, and went to the UK, where she was granted an asylum status. Meanwhile, she has no country to properly call a home but her skills in boxing is already taking her place and winning hearts, be it the 2023 European Games, or the ongoing 2024 Paris Olympics, where she is a part of the Refugee Olympic Team.

Telangana government is obligated to repay over Rs 2.67 lakh crore loans borrowed from the market, both principal and interest by FY33, even as the Gross State Domestic Product (at current prices) grew at an average growth rate of 15.09 per cent from Rs 8.60 lakh crore in 2018-19 to Rs 13.13 lakh crore in 2022-23, said CAG report on Friday. According to the report (for 2022-23) by Comptroller and Auditor General (CAG) which was placed in the state legislature, besides market borrowings, the state government will also have a liability to repay Rs 19,210 crore as principal in the next nine years in respect of borrowings taken from some financial institutions such as National Small Saving Fund and LIC. «As can be seen from the above table, the state government will have to repay Rs 2,67,018 crore as principal and interest on the market borrowings in the next ten years by 2032-33,» the auditor said.

NCLT) approved a record 269 resolution plans under the insolvency law in 2023-24, which is 42 per cent higher than the year-ago period, a report by Crisil Ratings said. Of the 269 cases, 88 per cent are from the backlog of earlier years' admissions. This has been driven by greater investor interest in turnaround of stressed assets as seen in the resolution plan submissions.

Assam Chief Minister Himanta Biswa Sarma on Friday asserted that it is everyone's responsibility to stop infiltration, not just that of the Union government. He also sought to know the «formula from Rahul Gandhi on how to conduct caste survey without disclosing one's own caste». Interacting with reporters here, Sarma, the BJP's Jharkhand election co-incharge, said, «Santhal Pargana region in Jharkhand has been worst affected by infiltration. The population of infiltrators has gone up by 50-60 per cent in various constituencies in the region in the last 20 years and the situation could become like that of Assam.» He claimed that the Muslim population in Assam rose from 12 per cent in 1952 to 40-42 per cent at present, mainly due to infiltration.

Federal Reserve did not cut the bank rates and kept them at their highest levels in two years, indices of major stock exchanges tumbled, sending strong signals of approaching recession Thursday, reports CNBC. While 30-stock Dow Jones fell 494.82 points, or 1.21%, to end at 40,347.97, the S&P 500 slipped 1.37% to end at 5,446.68. Similarly, the Nasdaq Composite lost 2.3% to settle at 17,194.15. Besides, other data also triggered the general apprehension of an impending recession that the US economy is heading to. While unemployment data continued to rise and reached its highest level since August 2023, the ISM manufacturing index, came down at 46.8%. The barometer of factory activities in the US is at its worst level, further signaling economic contraction. The 10-year Treasury yield followed these parameters and dropped below 4% for the first time since February 2024.

The Indian Directorate of Enforcement (ED), on Friday, raided at least six premises, probing a money laundering case linked to a crypto fraud ring – Emollient Coin.

White-collar hiring activity grew to 2877 points in July 2024, registering a 12% YoYincrease vs July 2023 and an 11% MoM sequential increase compared to June 2024, the latest edition the Naukri JobSpeak Index has revealed. Most sectors reported healthy double-digit growths, with Pharma/Biotech (26%), FMCG (26%), Real Estate (23%), and AI/ML (47%) leading the pack. However, some of the uptick could be attributed to an impacted base of July’23, which saw an atypical dip in Index value on account of the IT sector’s woes, a statement from the company said. The Pharma/Biotech sector recorded a substantial 26% YoY increase, with Baroda (61%) and Hyderabad (39%) driving the surge. Key roles within Pharma like Sales & Business Development and Procurement & Supply Chain saw a 42% rise in hiring. Similarly, hiring in FMCG sector grew by 26%, led by Bangalore (52%) and Kolkata (43%), with Marketing and Communication roles in FMCG experiencing a 57% increase. The Real Estate sector also demonstrated a strong 23% growth in hiring, largely influenced by Delhi-NCR (+51%) and Hyderabad (+28%).

Titan Company on Friday reported a standalone net profit of Rs 770 crore for the quarter ended June 30, 2024, which was down by nearly 1% over Rs 777 crore reported by the company in the year-ago period. Standalone revenue from operations stood at 11,263 crore, which was higher by 9.3% versus Rs 10,306 crore reported by the company in the corresponding quarter of the last financial year.

Bigg Boss OTT 3’. The YouTuber, who was recently evicted from the house, has become a controversial figure. The fitness influencer made headlines for his appearance on the popular reality TV show with his two wives, Payal and Kritika. The trio received much criticism for trying to normalise polygamy. However, Malik’s brush with controversy does not end here.

Bitcoin’s recent price movements have sparked renewed interest in Bitcoin price predictions.

UBS Private Wealth Management managing director Alli McCartney explains how the Fed's messaging could affect the market on 'Making Money.'

MUMBAI : In Currency and Finance report for 2023-24, the Reserve Bank of India (RBI) points out that digitalization is disrupting the jobs landscape in the financial sector and driving out middle-level banking staff. This comes even as digitalization is expected to constitute a fifth of India's gross domestic product (GDP) by 2026, doubling from 10% at present. The central bank also flagged potential challenges related to digital upskilling and the required employee adaptability.