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By Bansari Mayur Kamdar and Johann M Cherian

Investing.com — U.S. crude stockpiles rose by nearly six million barrels last week — about a third of what they lost the prior week — amid shifts to global supply dynamics from Saudi production cuts aimed at getting more money for a barrel despite weak demand from No. 1 oil buyer China.

Here's how analysts interpret the market pulse: “The domestic market began to adopt a defensive stance as investors awaited crucial inflation data for both India and the US. The deflationary trend in China and the downgrade of US mid- and small-sized banks affected market sentiment. However, a late recovery in the domestic market was backed by a positive uptick in the European market and hope of an optimistic RBI policy not impacting domestic economic growth,” Vinod Nair, Head of Research at Geojit Financial Services, said.

Union Home Minister Amit Shah on Wednesday ruled out any dialogue with Pakistan as well as the Hurriyat Conference, but said the government can hold talks with the youth of the Kashmir valley. Intervening in the debate on the no-confidence motion in Lok Sabha, Shah also said that the now-scrapped Article 370 was the result of the alleged wrong policy of the then prime minister Jawaharlal Nehru.

The location of Apple’s red end-call button is set to slightly move with upcoming iOS 17 updates to the phone app, so be wary of your thumb’s muscle memory

The signs of hip-hop’s influence are now everywhere from Pharrell Williams becoming Louis Vuitton’s men’s creative director to billion-dollar brands like Dr. Dre’s Beats headphones and retail mainstays like Diddy’s Sean John and the Rocawear line start...

President Joe Biden says his policies of financial and tax incentives have revived U.S. manufacturing

The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs

Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected

The downturn in world trade, exemplified by slumping Chinese exports and a decline in U.S. imports, mainly reflects a phase of weak global economic growth. It also raises questions about whether deeper changes are under way, with decades of deepening global economic integration giving way to a new era in which the West and China do more business with their political friends and less with each other.

₹50 lakh claim saying that he had died in an accident. But the elaborate scheme failed, says Mayank Bathwal, the insurer’s chief executive officer. “We got hold of the original death certificate and could figure out that the policy was issued on 17 May, while the death had occurred on 13 May." In another case, in Udaipur, Rajasthan, also involving ABHI, the person insured died due to chronic kidney disease (CKD) whereas a claim was raised under a personal accident policy.

Top exporter Saudi Arabia last week extended its voluntary production cut of 1 million barrels per day for another month to include September, and Russia said it would cut oil exports by 300,000 bpd in September. «The latest recovery is mainly driven by the pledge of major producers, like Saudi Arabia and Russia, to keep supply subdued for another month,» said Charalampos Pissouros, senior investment analyst at broker XM. Brent crude was up $1.00, or 1.2%, at $87.17 by 1110 GMT, having touched $87.24, the highest price since April 13.

Hollywood on July 14, 2023, in support of the WGA strike that began in May 2023. As a result, Hollywood has come to a halt, with television shows, films and web series stopping pre-production, writing, production and post-production. Events and promotions have also been canceled since the strikes began. Many 2023 films and web series as also daily TV shows and soaps have been stopped and / or postponed to 2024.

Bank of Baroda economists. “This bodes well for India’s growth trajectory going forward,” the BoB note pointed out on Wednesday, calling it an encouraging trend. The note also highlighted that the centre’s assistance to states for interest-free loans had also witnessed a substantial uptick.

Shehbaz Sharif said on Wednesday that his government had to bear the burden of the past regime's negligence and failures during its 16-month rule as he accused Imran Khan's government of badly damaging Pakistan's relations with friendly countries. The prime minister, who led a 13-party coalition, a first in the government, termed his 16-month-long tenure as the «most difficult test of my life».

swimmers in Gaza — as a qualified swimming coach who runs his own school. Parents bringing their children to swimming classes for the first time are surprised to see Tattar standing on two crutches, but their doubts soon turn into confidence when they see his skills in the water. Tattar, now aged 42, lost his right leg when he was run over by a car. Faced with the problem of finding a job in the Palestinian enclave, where nearly half the working-age population is unemployed, he took to swimming and qualified as a coach. «I told myself I had to turn this ordeal into a blessing, I made the amputation of my leg a motive for me to become an active member of the society,» he said. «I developed my skills and that enabled me to start a swimming school,» Tattar told Reuters as a few dozen of his students trained in the water.

By David Rosenberg and Atakan Bakiskan

The Bank of Canada’s latest interest rate hikes appear to have put the brakes on the housing market rebound in many cities and the road ahead for further recovery is expected to be rocky, say economists at the Royal Bank of Canada.

₹60-70 per kg in September due to tightened supplies, a report said. "The supply-demand imbalance is expected to reflect in onion prices towards end-August. As per our ground interactions, prices are expected to show significant increase from early September in the retail market, reaching up to ₹60-70 per kg during the lean patch.

Shiba Inu (SHIB) is pushing high with strong support, but following a +12.5% move, will the MA200 flip and is it too late to buy Shiba Inu - find out in SHIB price analysis.

The Moody's ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank.