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After a tumultuous week for broker-dealers facing higher yields on client cash, one securities analyst on Friday said that higher interest rates on clients’ cash held in advisory accounts may cost LPL Financial Holdings Inc. as much as $380 million, shaving off $3.80 per share on the company’s earnings in the future.

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup

It’s slow and it will take time, but the managed account platform sector’s shift towards consolidation is sure to come, according to recent findings from Cerulli.

Scientists at the Medical Research Council Laboratory of Medical Science and Imperial College London found a way to increase the lifespan of laboratory mice by 25 years and have hopes that it could be applied to humans. The researchers discovered that deactivating a protein called interleukin-11 or IL-11 significantly extended the healthy lifespan of the mice. This treatment greatly reduced cancer-related deaths and decreased the prevalence of diseases associated with chronic inflammation and poor metabolism, both of which are common in aging.

A new survey from Voya Financial reveals that many Americans wish they had begun saving for retirement earlier.

Ryan Selkis, the CEO of Messari, a crypto research platform, has apologised for making a series of extremist pro- Donald Trump comments.

Union Budget Expectations: The Modi government, in its first Budget of the third term, is expected to stick to the disinvestment target set for this fiscal year in the interim Budget. Finance minister Nirmala Sitharaman set the target for 2024-25 at Rs 50,000 crore. However, in the Interim Budget tabled in February, the 2023-24 disinvestment estimate was revised downward to Rs 30,000 crore from the previously budgeted Rs 51,000 crore. Ahead of the full Budget for 2024-25, scheduled for July 23, SBI Research has suggested that the government may take a clear stance on the disinvestment of public sector banks (PSBs). The report, led by Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI, emphasised the need for a concrete roadmap to attract capital and boost confidence in financial institutions. A recent CareEdge Ratings report noted a total disinvestment potential of approximately Rs 11.5 trillion at current market capitalization, assuming the government retains at least a 51 per cent stake in these public enterprises. Public sector enterprises could contribute around Rs 5 trillion, while public sector banks and insurance firms could potentially add another Rs 6.5 trillion.

But the global woes may not impact the government’s plans, says Shirish S Garud, Consultant, T.E.R.I (The Energy and Research Institute). In an interaction with ET Digital, he explains how the wind energy industry has gradually evolved in the country and the trajectory it is taking now. Edited excerpt: ET: How has wind energy development evolved over the years? SG: The wind energy development in India started in the early 1980s when the government asked PSUs like BHEL to invest in these projects. In 1993, the government came out with a policy on the tariff of wind power plants that are to be connected to the grid. This was a proactive one that gave some fixed tariff and annual increment in this tariff.

investors looking for a single product that has a mix of large, mid and small-cap stocks can consider an allocation to the new fund offer (NFO) of Franklin India Multicap Fund. Investors who already own mid- and small-cap schemes in their portfolio can skip the offer. The NFO is open till July 22. The minimum investment amount is ₹5,000 and in multiples of ₹1,000. The scheme will be benchmarked to Nifty 500 Multicap 50:25:25 index. It will have an exit load of 1% for redemptions for investors who redeem in less than a year. The fund will be managed by R Janakiraman, Akhil Kalluri and Kiran Sebastian. The scheme will invest a minimum of 25% each in large, mid and small-cap stocks with the balance 25% blended optimally in line with an internal framework. The fund manager will apply its bottom-up QGSV stock picking framework emphasising quality, growth, sustainability and valuations to find the right ideas within these themes and sectors.

Atlantis, yet conversations concerning sunken cities are usually dominated by the fabled Atlantis. As per the reports of MSN, Geologist Folkion Negris discovered this city, known as Pavlopetri, off the coast of Greece in 1904. It is estimated to be approximately 5,000 years old. Even though Pavlopetri was found early, it was not thoroughly investigated until 1967. The site was discovered that year under the direction of Nicholas Flemming from the University of Southampton's Institute of Oceanography. Flemming and his colleagues, accompanied by University of Cambridge archaeologists, surveyed the underwater metropolis for six weeks.

superconductivity that promises zero resistance to electricity at room temperature continues to be the 'holy grail' of material science. It can be achieved technically by moving electrons as efficiently as possible. This is called improving electron mobility. The scientists at Massachusetts Institute of Technology (MIT) have made a breakthrough in the field but in a different way. They have increased the electron mobility or reduced the resistance to electricity by creating a thin film atom by atom using molecular beam epitaxy to lower the material’s number of impurities and defects.

Vegetable prices, especially potatoes, are likely to stay elevated in the near term, despite rapid progress of the monsoon, according to agricultural experts and economists. Heatwaves in several parts of the country this summer damaged crops, causing demand-supply mismatch, they say. Vegetable inflation remains a major concern for policymakers, reaching 29.3% in June, from 27.4% in May. The increase was broad-based, affecting both TOP (tomatoes, onions, potatoes) and non-TOP vegetables. «Prices of potatoes are expected to be firm for the next few months,» said an agricultural analyst, adding this year's shortage of the tuber is likely to be felt as early as October unlike the general trend of November and December.

NASA (National Aeronautics and Space Administration) reported that Indian-origin Sunita Williams and Butch Wilmore, who skyrocketed to space on Boeing's Starliner spacecraft on July 5, "continued exploring ways to effectively water plants in the weightless environment".The two NASA astronauts took turns in the "Harmony module", testing how root models and plants of various sizes would absorb water in microgravity.Harmony is a utility hub, providing air, electrical power, water, and other systems essential to support life on the station. It also provides international docking adapters on its space-facing and forward ports for commercial crew vehicles, NASA explains.Earlier, NASA's press release on July 16 said NASA astronauts Butch Wilmore and Sunita Williams spent the majority of their day testing ways to water plants growing without soil in the weightless environment of microgravity."Williams first set up the Plant Water Management hardware in the Harmony module then tested a variety of liquid flow methods while video recording the results.

Based in San Francisco, she takes over from William Huffman, who was promoted to CEO in June. Malik is also chair of Nuveen's global investment committee. She started her career at JP Morgan in 1995 where she worked as an equity portfolio manager and research analyst. Nuveen promotes president William Huffman to CEO Malik joined Nuveen in 2003 as an equity research analyst, and was subsequently promoted to head of global equity portfolio management and then CIO. Huffman said: «As a proven leader who has dedicated two decades of her career to the evolution and growth of Nuveen...

US Presidential Election 2024 and his running mate, pressure is increasingly piling on Joe Biden to step aside and allow someone else to take Republican contender Donald Trump. In a survey held recently, about two-thirds of Democrats have said that the incumbent president should withdraw from the presidential election. It is against Biden's post-debate claim that 'average Democrats' are with him though some 'big names' are turning on him.

Buying a new electric vehicle isn't the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car.

As image-generating AI continues to evolve, artists are increasingly fighting against what they see as an existential threat to their craft

Canalys' latest research shows that the Indian smartphone market grew by just 1% in Q2 2024, reaching a total of 36.4 million units shipped. Inventory levels remained high, with some vendors launching new devices in higher price segments, while others focused on reducing existing stocks ahead of the festival season.

Sotheby's says the nearly complete fossilized remains of a stegosaurus have sold for $44.6 million at a New York auction

Nifty ended Thursday's trading session 188 points higher, just above the 24,800 level, to form a long bull candle on the daily chart on Thursday expiry where 10-day EMA continued to offer support during consolidations. Nifty is now advancing towards a key overhead resistance of 24,960 (1.786% Fibonacci extension, taken from the bottom of March 23, top of Sept 23 and bottom of Oct 23). Hence, one may expect volatility/consolidations around 24,950-25,000 levels in the short term, said Nagaraj Shetti of HDFC Securities.

A grand experiment is underway in Nevada where an endangered desert wildflower stands in the way of a mining company's plans to dig for lithium to help speed production of batteries for electric cars and other green energy projects