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“During World War II, a Jewish child feared being caught out past curfew by a German soldier. Instead, the soldier showed unexpected kindness, giving the child a hug, showing a photo of a kid, and offering him some money. This encounter taught this child that people are complex and interesting” This child was none other than Kahneman, whose fascination with human behaviour and psychology was sparked by his own experiences. Almost anyone who has ever heard the word ‘behavioural finance or economics’ might have heard about or read about ‘Daniel Kahneman’, the famous Nobel prize winner for his stupendous work in the space of uncovering cognitive biases of humans among financial decision making.

gold recovered on Thursday and Friday ahead of the key US PCE inflation data due Friday. Spot gold managed to recover nearly 2% from the weekly low of $2293 as it rallied to $2339 level; however, the metal gave back some of its gains on the much awaited US PCE inflation data (May) coming in line with the forecast. The yellow metal closed with a loss of $1 at $2326 on Friday; it was up nearly 0.30% on the week though. The US Dollar Index gained further ground on Trump gaining an edge over Biden in the presidential debate Friday, though it gave back some of its gains on healthy risk appetite. The Index closed with a loss of 0.04% at 105.84 on Friday; it was up around 0.04% on the week. The ten-year US yields at 4.38% were up 2.28% on the day and were up around 4% on the week. The two-year yields were up 0.20% on the week as they closed around 4.75%.

Delhi ahead of their protest against the arrest of the party chief and Delhi Chief Minister Arvind Kejriwal. Delhi Minister Saurabh Bhardwaj on Saturday said that the coordination between national agencies such as the Enforcement Directorate and Central Bureau of Investigation shows that the Central Government wants to ensure that Arvind Kejriwal stays in jail. «The coordination between ED and CBI shows that Central Government wants to ensure that Arvind Kejriwal stays in jail...We will raise our voice against it in the whole nation,» he said.

Sanjay Manjrekar is «not concerned» about misfiring Virat Kohli's form as he believes the overall momentum and form of the team is far more important ahead of the T20 World Cup final against South Africa. India's stalwart batter has struggled to boss around the bowlers just like he did while opening for the Royal Challengers Bengaluru in the Indian Premier League (IPL) 2024. Since touching down in the USA and the West Indies for the marquee event, Kohli has been enduring a nightmare, chasing shadows of his former self and searching for runs from his bat throughout the marquee event.

Uttar Pradesh government has suspended six officials of civic agencies for gross negligence following road cave-ins and waterlogging at several sections of the newly-built Ram Path in Ayodhya. About 15 bylanes and streets along the Ram Path were flooded after rain on June 23 and June 25. Even homes along the road went under water. Portions of the 14-kilometre road stretch also caved in at more than a dozen places. The suspended officials are Dhruv Aggarwal (executive engineer), Anuj Deshwal (assistant engineer) and Prabhat Pandey (junior engineer) of the Public Works Department (PWD) and Anand Kumar Dubey (executive engineer), Rajendra Kumar Yadav (assistant engineer) and Mohammad Shahid (junior engineer) of the Uttar Pradesh Jal Nigam.

small-cap segments underperformed. During the June month, as many as 187 BSE500 stocks have delivered double digit weekly returns with four of them offering over 40% returns.

Fresh meme-stock mania took center stage on Wall Street this week just as the world’s biggest equity market closed out another blistering quarter. Yet behind the scenes, softening economic growth is testing bullish investor convictions, while fueling big divides between the strong and the weak across Corporate America.

investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate. Nike had its steepest one-day fall in over two decades after a gloomy forecast.

Boeing Co. is in talks with the US Justice Department to resolve potential charges stemming from two fatal crashes of its 737 Max jetliners, according to people familiar with the negotiations. The settlement could be announced as soon as next week and is expected to include imposing a corporate monitor on the world’s second-largest planemaker, according to the people, who asked not to be identified disclosing confidential discussions. DOJ prosecutors want to bring charges against Boeing, but it isn’t clear if the company will agree to plead guilty, the people said. The talks center on the 2021 deferred-prosecution agreement struck between Boeing and the DOJ in the waning days of the Trump Administration, after two crashes that killed 346 people. Some family members of the victims have urged the government to file criminal charges, which could help them bring lawsuits against the company.

Rajesh Palviya, Head-Technical Research, Axis Securities, says put writers are aggressive at 24,000 strike as well as 23,800 strike, and so these are the important levels on the downside to hold the market. If it holds the 24,000 level in the coming week, then this rally can extend higher, and the possible target for Nifty can be 24,400 also very soon. For Bank Nifty, 52,000 is the immediate support area based on the put concentration. The two levels – 52,000 as well as 51,800 – attracted more put writing in Friday's session also. If Bank Nifty crosses the 52,600 mark, then this rally can extend further towards 53,400 to 53,600. So, both indices are looking bullish at this moment; buy-on-dip should be your strategy. We have seen consecutive record highs on the benchmarks for the broader markets as well over the week. What sense are you making of these moves? Is this a too-much-too-soon kind of rally? Are you penciling in some kind of slowdown next week? What are the levels you are watching out for when it comes to the benchmarks?

₹34.4 trillion for FY2024 by ₹276 billion, as per the provisional data released by the Controller General of Accounts (CGA). This overshooting implies that the growth in the FY2025 Interim Budget Estimates (IBE) is quite modest at 10.6%, mildly trailing our projection of nominal GDP of 10.8% for the fiscal.

₹20,000. As it turned out “Sachin Agarwal" was not just any old fellow. He contained multitudes.

NEW DELHI : The government introduced a tax provision last year to prod large corporations into paying their micro and small enterprise vendors in time, only to hear concerns that it could backfire on the intended beneficiaries. It’s now looking to modify how large companies are taxed for delayed payments so that they do not decide to sidestep smaller vendors altogether to avoid the stringent tax treatment, said two officials aware of discussions in the government.

An averted strike at WestJet and fresh data showing punctual performances from major airports and airlines in Canada bode well for travellers gearing up for summer getaways, analysts say.

ITC Ltd has overtaken Britannia Industries for the first time to become the second largest listed packaged foods company by sales in India, behind Nestle. ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports. At Britannia, consolidated sales were ?16,769.2 crore, while total income, including from outside its core foods business, was Rs 16,983.4 crore.

With a quick $1.1 million raised in one week, Pepe Unchained ($PEPU) is showing the crypto world who the best Pepe is – and yes, it’s the one without shackles but still without pants on.

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new format. The season starts on August 12 on PBS Kids. This season will include 14 episodes and a half-hour special, a Deadline report said.

Netflix has announced a new live-action series, Soul Mate, which explores a 10-year romance between a Korean man and a Japanese man. This series is part of Netflix's expansion into Japanese content.

U.S. officials say a new study provides reassurance that pasteurization kills bird flu virus in cow’s milk

The Bear are eagerly awaiting news on a potential fourth season after the dramatic conclusion of Season 3. The third season, which premiered on June 26, left viewers on the edge of their seats with a major cliffhanger. Here’s everything we know about the future of this beloved drama, including potential release dates and plot developments.