Show Financial News

Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.

Indian economy likely expected 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%.

Leaked settlement deeds reveal just how far ANZ bank had to go to end one of Australia’s most high-profile court claims stemming from a spectacular corporate receivership.

mitigation target are projected to be only 2% below those levels, shows a new UN synthesis report on countries' collective climate actions released on Tuesday. It highlights that peaking of global emissions will, however, occur within this decade. The synthesis report, released ahead of the upcoming UN climate conference (CO) in Dubai, also shows that while emissions will not increase after 2030, compared to 2019 levels, they are still «not demonstrating rapid downward trend» — a necessity of this decade to limit warming below the 'danger' level. Limiting temperature rise to 1.5 degrees Celsius by the end of this century is considered safe to avoid the worst impacts of climate change, including more frequent and severe droughts, heat waves and rainfall. The rise in earth's global average surface temperature, however, has already reached around 1.1 degrees C, higher than the pre-industrial average (1850-1900), and 2023 is already on track to be the warmest year on record.

Chris Appleton and actor Lukas Gage have decided to split. Chris and Lukas have filed for divorce and termed “irreconcilable differences” as the ground for their separation. According to a report, the estranged couple filed divorce petition in Los Angeles on Monday. According to the petition, the duo don't share any children.

Bonus season on Wall Street is looking grim for bankers in an industry hobbled by rising interest rates, bank failures and a dealmaking slump. Next year will probably be no better. 

By Travis Toews

By Svea Herbst-Bayliss

Pereira won his second UFC championship in just his seventh fight for the promotion. Pereira, who won the middleweight championship last November at MSG, badly hurt Procházka and the fight was stopped at 4:08 of the second round. Procházka had won 13 straight MMA fights, including his first three in UFC. Pereira became the ninth fighter in UFC history to win championships in two weight classes. Pereira scored a superb second-round knockout win over Jiri Prochazka to claim the light heavyweight crown at UFC 295 at Madison Square Garden, 364 days after winning the middleweight title at the same venue. The 36-year-old kickboxer landed a short left hook late in the second frame to stun his Czech opponent and followed it up with a flurry of fists and elbows that further impaired Prochazka, forcing referee Marc Goddard to stop the fight. Brazil's Pereira, who knocked out Israel Adesanya on November 12 last year to win the middleweight belt before losing it in April in a rematch, had some early success with some vicious leg kicks, but Prochazka's precise striking posed a problem. UFC now holds the top-three spots for highest gate at the Garden. Also, Sunday marks 30 years since the company's debut show, UFC 1.

revenue growth that's four times faster than those that are more stringent about office attendance, a new survey shows, adding fuel to the debate over productivity and performance in today's workplaces. The analysis of 554 public companies that employ a collective 26.7 million people found that «fully flexible» firms which are either completely remote or allow employees to choose when they come to an office increased sales 21% between 2020 and 2022, on an industry-adjusted basis. That compares with 5% growth for companies with hybrid or fully onsite workforces. The study, by flex-work advisor Scoop Technologies and Boston Consulting Group, included companies across 20 sectors, from technology to insurance. Revenue growth was normalised against average industry growth rates so that employers in better-performing areas would not skew the findings. Among the companies that did require at least some office attendance, those that came in a few days a week boosted sales at twice the rate of those in the office full-time, according to the survey.

Rihanna, 35, was spotted disembarking from a private jet at East Hampton airport, bundled up in a voluminous black floor-length puffer coat while cradling her three-month-old son, Riot Rose. Accompanying her was her partner of three years, Rocky, leading the way on the runway with their firstborn son, RZA Athelston Mayers. The notoriously private couple shielded their children's faces, keeping a low profile as they traversed the tarmac after the flight.

Lauren Sánchez spills the beans on the daily life of her and Jeff Bezos in a recent Vogue profile. From morning journaling to family movie nights (recently featuring Barbie and Oppenheimer), the couple's routines are surprisingly relatable, giving a down-to-earth touch to their high-profile existence.

The Equalizer, a crime drama originally introduced in the '80s, is set to return for its fourth season on February 18, 2024, at 8 p.m. ET on CBS. Richard Lindheim and Michael Sloan, creators of the original series, now serve as co-showrunners and executive producers. Joining them behind the scenes are producers Zoe Robyn, Meredith Mills, Joe Gazzam, Erik Lee, Jamila Daniel, Raymond Quinlan, and Jolian Blevins.

The Neighborhood season 6, created by Jim Reynolds, is set to return on Monday, February 12, 2024, at 8 p.m. ET on CBS. Executive producers include Jim Reynolds, Cedric the Entertainer, Eric C. Rhone, Aaron Kaplan, Wendi Trilling, Dana Honor, Meg DeLoatch, Bill Martin, and Mike Schiff. The season will consist of 10 episodes, a departure from the usual 22.

Marlon Wayans, 51, disclosed on "The Breakfast Club" radio show this Friday that his eldest child identifies as transgender and prefers they/them pronouns. «I have a daughter that transitioned into a son,» he began. «My daughter Amai is now Kai.» Wayans expresses his intention to delve into his journey as a parent in an upcoming comedy special, addressing his shift from ignorance and denial to embracing complete unconditional love and acceptance. «I think there's a lot of parents out there who need to have that message, and I know I'm dealing with it. Initially, the transition of his 23-year-old son was a source of pain for the „Scary Movie“ star, but Marlon Wayans sees the humor in the situation and is contemplating titles like „Skittles“ and „Rainbow Child“ for his upcoming comedy special.

(Reuters) — Workers belonging to the United Auto Workers (UAW) union at General Motors (NYSE:GM)' Spring Hill plant in Tennessee have voted against a proposed contract with the automaker, the union's vote tracker showed on Tuesday.

NEW DELHI : The InoxGFL Group plans to invest nearly $1 billion across segments, including battery chemicals, green hydrogen and wind energy services, over the next three to four years, a big chunk of which will go into India’s largest battery chemicals factory it plans to build in Gujarat.. In an interview, Devansh Jain, executive director, InoxGFL said the factory investment is in the initial phase of discussions. The business is housed under GFCL EV Products Ltd, a subsidiary.

NEW DELHI : Bankruptcy resolution professionals (RPs) have stepped up scrutiny of suspect transactions made before bankruptcy filings, moving tribunals to reverse transactions totalling ₹23,700 crore in the September quarter alone. While 24 such questionable transactions—called voidable or avoidance transactions—were flagged to tribunals in the March quarter, it was followed by 76 and 78 in the June and September quarters.

NEW DELHI : Recruitment firms linked to BharatPe co-founder Ashneer Grover and his family members used backdated invoices to siphon off funds for work they never did for the fintech unicorn, an investigation by the Economic Offences Wing (EOW) of Delhi Police found. The probe agency also could not trace many firms to which BharatPe had made vendor payments.

By Ann Saphir

(Reuters) — U.S. inflation is cooling at what could prove to be its fastest pace in at least 40 years, if not longer, with only a limited rise in the unemployment rate, Chicago Federal Reserve President Austan Goolsbee said on Tuesday.