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By Saqib Iqbal Ahmed

NEW YORK (Reuters) — Interest rate futures tied to the Federal Reserve's policy rate slightly increased the chances of tightening by the U.S. central banks at both the November and December policy meetings after Chair Jerome Powell's speech.

Alfred Lord Tennyson’s famous poem, The Charge of the Light Brigade, memorialized the bravery of British soldiers as they attacked Russian forces in the 1854 battle of Balaclava during the Crimean War. “Into the valley of Death rode the six hundred” tolls throughout the poem. Tragically, the soldiers’ courage was betrayed by a careless mistake: they were sent the wrong way. Either the command was poorly communicated, or it was misunderstood by the brigade’s leader. Whichever was the case, the six hundred needn’t have died, if only the right plan had been executed.  

U.S. consumer sentiment fell modestly in August, as inflation expectations worsened slightly, a survey showed on Friday. The University of Michigan's final August reading on the overall index of consumer sentiment came in at 69.5 on Friday compared to 71.6 in July, and lower than a preliminary reading earlier in the month.

US Federal Reserve Chair Jerome Powell on Thursday delivered a speech at the Jackson Hole Symposium, titled ‘Inflation: Progress and the Path Ahead'. The economic policy symposium “Structural Shifts in the Global Economy," is sponsored by the Federal Reserve Bank of Kansas City. Good morning.

By Chijioke Ohuocha

Mortgage rates have soared this week, hitting an average of 7.23%, the highest level for 22 years. Even a year ago, your clients could lock in a 30-year fixed for 5.5%. And things aren’t going to get any better soon — rates are going to stay high or even climb further, according to Sam Khater, Freddie Mac’s chief economist.

Aircraft lessors have told the Delhi High Court that bankrupt airline Go First is cannibalising key components from their aircraft according to documents and pictures seen by ET. The lessors are locked in legal battles with the airline to repossess their aircraft which they had leased to the airline Over 50 aircraft of the airline have been grounded since May after the airline filed for voluntary bankruptcy citing faults with Pratt and Whitney engines.

Peru is believed to be over 4,000 years old and could have been part of a ceremonial temple, according to archaeologists, offering new insights into the region's historic cultures. The wall was first stumbled upon by farmers in 2020 during harvesting work, prompting an extended dig and work to determine its origins, said archaeologist Feren Castillo, head of a research project in the coastal region of La Libertad. «Three years later we started a new procedure whose results showed us its age… Today we are sure it's a building built during the Pre-ceramic Period (the initial period of the Andean civilizations) between 4,000 and 4,500 years ago», the expert said this week", the expert said this week. The remains of the ancient building were revealed in the Viru Valley, some 480 km (298 miles) north of Lima. The wall is estimated to be about three meters (9.84 feet) high and presents triangular geometric lines with occasional shades of red and yellow, Castillo added.

By Maria Martinez

Netflix's multiple Emmy Award-winning drama series The Crown, based on the British royal family, will return to the streaming platform for its sixth and final season. Among other things, The Crown Season 6 will feature the tragic death of Princess Diana, also known as Diana, Princess of Wales. Producers of The Crown have now revealed that the death of Princess Diana will be shown «delicately» and with sensitivity in The Crown Season 6.

Investing.com — Oil prices rose Thursday, rebounding to a degree from weakness during the week, ahead of an eagerly awaited speech by Fed head Jerome Powell for hints on the outlook for interest rates.

crude price at $75-80/bbl, which is the fiscal break-even crude price for Saudi Arabia. This is a sweet spot for most oil-marketing companies (OMCs) in India, with Oil India and Oil and Natural Gas Corporation (ONGC) being the top beneficiaries, according to domestic brokerage firm JM Financials.

Reuters reported that the Russian investigators are yet to ‘confirm a genetic match’. An Embraer executive jet on which Prigozhin was listed as a passenger crashed in Tver region north of Moscow on Aug 23, according to Russia's Federal Air Transport Agency. Six other passengers were listed along with a crew of three, including pilot Alexei Levshin.

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HONG KONG/BEIJING (Reuters) -Chinese authorities are planning to cut stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise the country's struggling stock market.

Thursday's selloff in U.S. stocks, despite another strong earnings report from Nvidia Corp (NASDAQ:NVDA), has led Morgan Stanley to suggest that this year's rally may be «exhausted» and could lead to further declines.

You must pay the rent! I can’t pay the rent! You pay the rent! I pay the rent!

TV takes less space compared to other models and sizes, making it apt for small apartments and cosy living spaces. A comfortable and snug viewing experience is what everyone wants. This has led to manufacturers offering several options for people looking for a 32-inch TV.

Also Read: Govt issues advisory against real-money gaming ads In its advisory, the I&B ministry asked media entities, advertising intermediaries and social media platforms to ‘immediately’ refrain from showing ads and promotional content on betting/gambling in any form. Failure in following the guideline will lead to legal action against those entities. Also Read: Centre intensifies drive on betting ads for Asia, World Cup “Failure to adhere to this advisory may invite appropriate action from the Government of India under various statutes," government officials aware of the matter said, reported HT.