Shock Financial News

Arnab Das, Global Macro Strategist, Invesco, says all the world's big oil consumers are slowing down in a somewhat synchronized fashion, causing some concerns about the demand side of the market. However, a big collapse in the price of oil is unlikely. The big surges and the big collapses in the price of oil tend to come from the supply side rather than the demand-side which in the major economies tends to be a more gradual process than supply shocks. The US CPI numbers increased 0.2% for the month, in line with the Dow Jones consensus that sets the stage for an expected quarter percent point rate cut from the Federal Reserve in the coming week. Are there any chances for an outsized rate cut given the recessionary fears are back in the US? Arnab Das: Yes, we have and I have been in the 25 bps camp all along; 50 basis points are possible, but is unlikely at this stage. The market was pricing more like 30 bps before the CPI. Although the headline CPI number is fine, the core number is not as good as hoped, and core PCE will maintain that story. We are looking at a 25 bps cut. The Fed has kind of indicated and it is correct to say that it has shifted the focus of its dual mandate from inflation to jobs and the labour market, but it has to keep one eye on inflation and that points to a 25 bps cut.

Anil Kuldip Mehta, who tragically commited suicide by jumping off the terrace of his Mumbai home on Wednesday morning. Following this, Malaika shared a heartbreaking post on Instagram addressing the incident. However, her father’s surname has caused confusion among fans, as many had believed his last name was Arora. This discrepancy sparked several questions and speculations online.

Just months after the shocking unravelling of Silicon Valley Bank and First Republic Bank last year, Michael Barr unveiled a new set of guardrails for the U.S.’s biggest lenders and an uncompromising defence of why they were needed.

Tech professional Samir (name changed) was shocked to receive a tax demand of about ₹1.98 lakh related to his income tax return (ITR) filed for the assessment year 2024-25. 

Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index Fund Advisors and author of the book, Investing in U.S. Financial History: Understanding the Past to Forecast the Future.

Tamil actor Jayam Ravi, announced their separation after 15 years of marriage. In a heartfelt statement, Aarti expressed her shock and sadness, revealing that the news of their divorce was made public without her knowledge or consent. She emphasized that after nearly two decades together, such a significant decision should have been handled with more respect and privacy. «I was deeply shocked and saddened by the recent public announcement regarding our marriage, which was made without my knowledge or consent,» Aarti said. «After 18 years of shared history, I believe that such a significant matter should be handled with the grace, respect, and privacy that it deserves.» «The decision to walk out of our marriage is purely one sided and does not benefit our family.»

Mint poll of 27 economists. Inflation was 6.8% in August 2023. While inflation would be below the Reserve Bank of India’s medium-term target of 4.0% for the second consecutive month, economists have cautioned against drawing conclusions based on the current trajectory.

Selena Gomez recently made a shocking revelation. In a candid interview withVanity Fair, the ‘Bad Liar’ hitmaker admitted that she was unable to carry a child to term due to some medical issues. The 32-year-old singer revealed that she is yet to come to terms with this diagnosis. “I haven't ever said this, but I unfortunately can't carry my own children," she told the publication. I have a lot of medical issues that would put my life and the baby's in jeopardy. That was something I had to grieve for a while,” she told the publication.

student who was barred from boarding a Toronto-bound flight due to a visa-related issue. The incident, which involved stoppages in Munich and Frankfurt, Germany, highlighted the airline's failure to inform the passenger about the requirement of a transit Schengen visa. The case centered on Maharshi Yadav, a resident of Gandhinagar, who was traveling to Canada for further studies. Yadav, who held a valid student visa for Canada, had booked a flight from Mumbai to Toronto for April 13, 2022. The flight included layovers in Munich and Frankfurt, both in Germany. However, during check-in at Mumbai airport, the airline staff informed Yadav that he required a transit Schengen visa for the layovers, which he did not possess. Consequently, he was denied boarding. Pressed for time, Yadav cancelled the original ticket and booked an alternative flight with Emirates Airlines, costing him Rs 1.70 lakh, to reach Canada the next day. Subsequently, Yadav, through his mother and legal counsel Sunil Chhabaria, filed a complaint with the Consumer Dispute Redressal Commission in Gandhinagar, alleging a deficiency in service on the part of the airline. The complaint argued that the airline had failed to notify Yadav in advance about the necessity of a transit Schengen visa for his journey.

chargesheet against disgraced Kannada star Darshan has yielded one shocking revelation after the other. The ‘Majestic’ actor is now languishing behind bars for the murder of Renukaswamy, a 33-year-old auto driver. Pavithra Gowda, his alleged girlfriend, has been named as the ‘root cause’ behind the murder in the 3,991-page chargesheet. Although Gowda did not actively participate in the murder, she did hit the victim several times with her slipper.

YouTuber Nikocado Avocado, known for his eccentric mukbang videos, has shocked his audience with a significant weight loss of 114 kgs in just seven months. On September 7, he uploaded a detailed video about his transformation, triggering speculations about whether Ozempic, a controversial weight loss medication, played a role. In a 25-minute video titled '2 Steps Ahead', Nicholas Perry, popularly known as Nikocado Avocado, lashed out at his critics, likening them to «ants» who blindly consume online narratives. He embraced his role as the «villain» in his own story to keep his followers engaged. «You will continue to consume these stories about me,» he warned, “year after year, for as long as I tell the internet that I am the villain.”

Saxony, has received the best electoral results for the far-right in Germany since the Nazis' rise. Weidel criticized other parties for refusing coalition agreements with the AfD and emphasized that Germany’s exit from the EU would be a last resort aimed at reforming, not destroying, the bloc.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Fed Chief Jerome Powell unambiguously stated at the Jackson Hole Economic Symposium that “the time has come for policy to adjust.” Clearly, barring unforeseen circumstances, the rate-cutting cycle in the US will start in September. Powell’s comment, “the upside risk to inflation has diminished and the downside risk to unemployment has increased,” is, without any doubt, a more dovish message than the markets had expected.

Sebi chief Madhabi Puri Buch. In an X post on September 4, Mumbai Congress took note of Sebi's «internal rot». It is shocking to see Sebi's internal rot exposed by its own employees, the post read. «Allegations of a 'toxic work culture' under Madhabi Puri Buch, with accusations of shouting, fear-driven policies, and regressive practices, raise serious concerns,» it further said.

A lucky couple is ending their summer on a high note by taking home $50 million from a winning lottery ticket in Quebec City.

United States may not be on the brink of recession as being claimed by major economists as per latest revelation by popular economist Adam Posen, who has claimed that the scares of an imminent recession may actually be far away. His view has opposed the concept of many other economists who have raised the alarm of a major US recession.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Nouriel Roubini, Professor Emeritus of Economics and International Business, Stern School of Business, New York University, says there is an element of frothiness in US stock markets. Part of it is driven by the optimism about artificial intelligence (AI) radically changing industry, economies, and the world. Some correction might occur, but it is unlikely to be massive, especially if the economy keeps on growing and the Fed starts cutting rates. Roubini says in case of a Trump win, if he has a radical economic policy, there could be higher inflation, lower economic growth, and a significant correction with higher bond yields and lower stock prices. If he wisely chooses economic advisors who are more mainstream, and if he realises that the debt of the US is unsustainable and he has to do fiscal retrenchment, maybe those economic advisors can suggest a more moderate course of action.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...