Show Financial News

Nifty has closed at a fresh weekly closing high. The trading range too got wider; the index oscillated in a 680.20-point trading range. Volatility too plummeted significantly; the India VIX came off 17.53% to 12.55. While setting a distinctly contrast undertone as compared to the week before, the headline index posted weekly gains of 504.35 points (+2.03%). As we step into the fresh week, the undercurrent evidently remains strong. However, even with the buoyant trend and with the markets showing no signs of a letup, it is time that we follow this trend from now on with the utmost amount of caution.

Russia-Ukraine War: President Joe Biden issued a strong response to a journalist's question about Russian President Vladimir Putin’s warning on Ukraine during a meeting with UK Prime Minister Keir Starmer at the White House. Biden became visibly frustrated when a reporter from the British press asked him to comment on Putin’s statement that lifting restrictions on Ukraine’s use of long-range missiles could escalate the conflict into a direct US-Russia war, according to the New York Post. “Be quiet until I speak, okay? That’s what I say. Good idea?” Biden replied, showing irritation. The reporter continued, prompting Biden to respond, “You’ve got to be quiet. I’m going to make a statement here, okay?” After the brief introductory statements by Biden and Starmer, the reporter again asked about Putin. In response, Biden remarked, “I don’t think much about Vladimir Putin.”

Karoline Kristensen entered for her performance. But this was no ordinary Dutch theatre: the temperature was 80 degrees Celsius and the audience naked apart from a towel. Dressed in a swimsuit and to the tune of emotional music, the 21-year-old Kristensen started her routine, performed inside a large sauna, with a bed of hot rocks in the middle. For a week in September a group of wellness practitioners, called "sauna masters", are gathering at a picturesque health resort deep in the Netherlands to compete in this year's "Aufguss" world sauna championships.

Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at its monetary policy meeting and the pace at which it will reduce borrowing costs in coming months. The S&P 500 index is just 1% shy of its July record high despite weeks of market swings sparked by worries over the economy and seesawing bets on the size of the cut at the Fed's Sept. 17-18 meeting.

foreign exchange reserves scaled a new high of $689.235 billion at the end of September 6, the Reserve Bank of India data showed. Forex reserves rose $5.248 billion in the week ending September 6, making it the fourth consecutive weekly rise backed by healthy dollar inflows. In the past four weeks, reserves rose by $19.2 billion.

Sam Bankman-Fried of stealing billions of dollars from customers of his FTX cryptocurrency exchange only saw «half the picture» because the judge did not allow in critical evidence, his lawyer argued in their appeal on Friday. In a 102-page brief filed with the 2nd U.S. Circuit Court of Appeals, Bankman-Fried's lawyer wrote that U.S. District Judge Lewis Kaplan erred in preventing the 32-year-old former billionaire from introducing evidence to back up his belief that FTX had enough funds to cover customer withdrawals. «The government thus presented a false narrative that FTX's customers, lenders, and investors had permanently lost their money,» lawyer Alexandra Shapiro wrote in urging the appeals court to overturn Bankman-Fried's conviction and 25-year prison sentence. «The jury was only allowed to see half the picture.»

Subscribe to enjoy similar stories. AI’s boosters have billed it as a technology so revolutionary that it could become the dominant intelligence on Earth. In reality it is shaping up as more a product feature than a new product category.

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. The details of the conditions of the $6.5 billion funding, which have not been previously reported, shows how far OpenAI, the most valuable AI startup in the world, has come from a research-based non-profit, and the structural changes it's willing to make to attract ever more investment to fund its expensive pursuit of artificial general intelligence (AGI). The outsized funding round has seen strong investor demand and could be finalized in the next two weeks, given the rapid growth of OpenAI's revenue, sources added.

Chase Herro has sold a lot of things in his career. Weed. Weight-loss “colon cleanses.” A US$149-a-month get-rich-quick class. Now he’s adding another line to his resume: the Trump family’s crypto guru.

Chinese banks extended 900 billion yuan ($126.86 billion) in new yuan loans in August, up 246% from July but short of analyst expectations, data released by the People's Bank of China (PBOC) showed on Friday. Analysts polled by Reuters had predicted new yuan loans would reach 1.02 trillion yuan last month, versus 260 billion yuan the previous month, but lower than the 1.36 trillion yuan a year earlier. «Both broad credit and bank loan growth slowed in August, coming in below expectations,» Leah Fahy at Capital Economics said in a note. «While stronger government spending should give the economy a boost over the coming months, that doesn't seem likely to be helped by any pickup in private credit demand.»

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.

After Taylor Swift's social media post, Republicans have now hit back with a new style of polling merchandise where a t-shirt is being circulated which contain lines from Swift' 2017 album 'Reputation'. This album has been sung countless times by Swift, even during her Eras Tour shows across the world, widely acclaimed by the audience.

Vice President Kamala Harris said in Tuesday’s debate that the Biden-Harris administration has overseen “the largest increase in domestic oil production in history″ and warned the U_S_ “cannot over rely on foreign oil."

Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China's state-driven excess production capacity. The U.S. Trade Representative's said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would go into effect on Sept. 27. The USTR determination, published on Friday but first reviewed by Reuters, showed a 50% duty on Chinese semiconductors, which now include two new categories — polysilicon used in solar panels and silicon wafers — are due to start in 2025.

A fake video that ricocheted across the internet claiming tensions between France and the United Arab Emirates after Telegram CEO Pavel Durov’s arrest likely came from Russia

John Leguizamo, known for his dynamic voice acting and comedic talent, has revealed that the beloved animated franchise Ice Age is set to continue with a sixth installment. The announcement, made during a recent appearance on NPR’s quiz show Wait, Wait...Don’t Tell Me, has excited fans of the long-running series.

BNP Paribas (the bank) for certain deficiencies in statutory and regulatory compliance. The central bank has also imposed penalties on Hewlett Packard Financial Services (India), SMFG India Credit Company, and Muthoot Vehicle & Asset Finance for non-compliance with certain norms. In a statement, the RBI said the penalty has been imposed on the bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances'. Giving details, it said the statutory inspection for Supervisory Evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2023.

Subscribe to enjoy similar stories. SEOUL—With his ties with Russia strengthening, North Korean leader Kim Jong Un no longer feels the need to hide one of his top-secret nuclear facilities from the outside world. Photos run Friday in North Korean state media showed Kim strolling past rows of metal centrifuges—machines that enrich uranium—with officials by his side.

Jeremy Clarkson, the long-time host of Top Gear and The Grand Tour, has reflected on the shifting media landscape, stating that shows like Top Gear wouldn’t get commissioned in today's world. According to Clarkson, the concept of three middle-aged, middle-class men driving cars around various countries would likely be rejected by modern producers. «It wouldn’t get commissioned now in a million years,» Clarkson remarked. «Monkey tennis would be more likely to be commissioned than this”, as quoted in a report by Radio Times. Clarkson’s comments come as the final episode of The Grand Tour, titled One For The Road, premiered on Prime Video, marking an end to an era of collaboration between Clarkson, James May, and Richard Hammond.

Prime Video has launched Singapore-based Rewind Networks’ HITS as an add-on subscription at an annual price of Rs 299. HITS is a popular linear television channel and the home to some of the most iconic TV shows including Frasier, CSI: Crime Scene Investigation, Agatha Christie’s Poirot, Agatha Christie's Marple, Gilligan's Island, Mission: Impossible, Baywatch and I Dream of Jeannie, to Stephen King's IT, Law & Order: Special Victims Unit, Cheers, Bewitched, The Incredible Hulk, North and South, V: The Original Series, The Six Million Dollar Man, Quantum Leap, Hawaii Five-O, The Jeffersons and many more. With HITS, customers can watch TV shows according to a fixed linear broadcast schedule, while also getting the option to catch-up on content, post linear airing, as per their convenience.