Week Financial News

Peso Pluma, Yng Lvcas and Grupo Frontera, rising stars in Mexican music, discussed their careers and the genre's evolution at the Billboard Latin Music Week 2023. During The New Mexican Music Revolution panel presented by BMI, the artists emphasized collaboration's role in advancing the genre. Collaborations have played a crucial role in expanding the genre globally. Peso and Yng Lvcas teamed up for «La Bebe (Remix),» reaching No. 11 on the Billboard Hot 100. Grupo Frontera and Peso's «Tulum» reached No. 6 on the Hot Latin Songs chart. Greeicy and Mike Bahía started the Latin Music Week 2023 «Billboard En Vivo» concert series on Monday, October 2. They performed for an hour at the Faena Theater. The show was sponsored by Michelob Ultra 21+. During their performance, they sang their popular songs from their solo careers and their collaborations. The Latin Music Week 2023 features various events, including a Superstar Q&A with Shakira and panels with industry veterans. Showcases by artists like Peso Pluma, etc were also part of the week. The official partners for the event included AT&T, Cheetos, CN Bank, Delta Air Lines, Lexus, Netflix, Michelob ULTRA, and Smirnoff. Latin Music Week coincided with the Billboard Latin Music Awards 2023 ceremony, which broadcasted live from Coral Gables, Florida, and was aired on Telemundo and other platforms throughout Latin America and the Caribbean.

Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. This decline happened because of the disappointing performance of Ether (ETH) futures exchange-traded funds (ETFs) that were launched on Oct. 2 and concerns about an upcoming economic downturn.

PTI. As per details, 14 states raised ₹22,500 crore through the issuance of state government securities. This was in line with the indicated amount for this weekly auction for the third quarter calendar. Chief economist at Icra Ratings, Aditi Nayar pointed out that the auctions saw a steep surge in the cut-offs across tenors leading to the weighted average cost jumping to a 23-week high of 7.56 percent.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Despite its merits, the threat to jobs that AI poses is real, Dimon noted.

By Alexander Marrow

Benchmark NSE Nifty closed 109.55 points down at 19528.75 amid selling in frontline bluechip counters. However, stocks such as ideaForge Technology, FutureLifestyleFash, Ratnaveer Precision, PowerGrid Infa InvIT and Adani Gas, touched their fresh 52-week lows.

Bitcoin retreated from a six-week peak after a jump in bond yields dented demand for riskier investments.

Bitcoin climbed to a six-week high as inflows picked up at the start of October, a month that has typically seen gains in the token. Smaller peers including Ether, Litecoin and Solana also rallied. The advance came as traders await the trial of Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, which is scheduled to begin Tuesday. “There appears to have been significant buying flows, possibly driven by the start of a new accounting quarter, and the resulting moves were exacerbated by scarce week-end liquidity,” said Caroline Mauron, co-founder of digital-asset derivatives liquidity provider OrBit Markets in Singapore. The rally is expected to continue in October, typically a positive month for crypto markets, with $30,000 seen as the next major resistance level for Bitcoin, she said. Bitcoin Climbs to Highest Since Mid-August

Marico share price jumped nearly 6% to touch 52-week on Tuesday's trading session after domestic brokerage ICICI Securities upgraded Marico stock with a 'buy' rating from a 'add' rating and saw a possible upside 19% from Friday's close price of ₹562. Marico share price today opened at ₹570.05 on BSE, and touched an intraday high of ₹595, and low of ₹567.30. At 12:22 IST, Marico shares were trading over 3% higher at ₹580.65 apiece.

Groww Nifty Total Market Index Fund is open for subscription and Edelweiss Multi Cap Fund and Baroda BNP Paribas Small Cap Fund will open for subscription later this week. Edelweiss Multi Cap Fund Edelweiss Multi Cap Fund is an open-ended equity scheme that will invest across large cap, mid cap, small cap stocks. The new fund offer or NFO of the scheme will open for subscription on October 4 and it will close on October 18.

₹26,689 crore in the cash market in September," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The dollar index rising above 107 and the US 10-year bond yield at a 16-year high of 4.68 per cent are major headwinds for the market since FIIs are likely to continue selling in response to the rising dollar and US bond yields. But, on the positive side, the bulls will be emboldened to buy on the back of the tailwind of the 5 per cent crash in Brent crude prices.

As more than 50% of Bank Nifty constituents are still above 50-DMA, the index could find new leaders, says Anand James, Chief Market Strategist at Geojit Financial Services. “Also the Bank Nifty index appears due for a bounce back, but we would be first interested in initiating shorts on pull back to 45000. However, we feel that, after due consolidation, the latter part of October could see a breakout beyond this region,” he says. Edited excerpts from a chat: Nifty ended September 1.5% stronger despite all the negative news surrounding rising crude, bond yields and dollar index. Given the fact that FIIs are having $733 million short position in index futures, where do you see the index going in October which is known as 'Bear Killer'? FIIs have ramped up their index future shorts, which now constitute 27% of shorts in the segment across participants.

Zendaya attended the Louis Vuitton fashion show during Paris Fashion Week. She wore a white dress with two zippers. She completed the look with matching stilettos, minimal Bulgari jewelry, and a middle-parted hairstyle. Her entourage included her stylist and friend, Law Roach. Zendaya became a Louis Vuitton house ambassador in April to promote the Capucines bag. Her upcoming film releases, «Challengers» and the «Dune» sequel, were postponed to 2024 due to the SAG-AFTRA strike. The fashion show, directed by Nicolas Ghesquiere, drew a crowd of notable guests, including Cate Blanchett, Lea Seydoux, Ana de Armas, Regina King, Alicia Vikander, Ava DuVernay, Jennifer Connelly, Paul Bettany, Cynthia Erivo, Phoeby Dynevor, Gemma Chan, Chloe Grace Moretz, Jaden Smith, Venus Williams, Jurnee Smollett, Emma Chamberlain, Haim members Este, Danielle, and Alana Haim, Robyn, Felix, and New Jeans member Hyein. Pharrell Williams, Louis Vuitton's men's creative director, was also present. The show's production design by James Chinlund aimed to capture Louis Vuitton's «spirit of travel» by transforming the space into a hot air balloon adorned with sails, creating a warm summer ambiance.

The week promises a plethora of economic data, starting this morning with the ISM manufacturing data at 10 AM. This will be followed by Jay Powell participating in a roundtable discussion with Philly Fed President Patrick Harker at 11 AM ET. The week concludes with the September job report. Each day presents new data: JOLTS data on Tuesday, ADP and ISM services on Wednesday, and jobless claims on Thursday.

Click here! L'Oreal organises this showcase every year and Aishwarya made her Paris ramp debut in 2018, and she has been a regular since then. Also gracing the show were renowned celebrities such as Anya Taylor Joy, Yara Shahidi, academy winner producer and actress Charlize Theron, Robert Pattinson and Tennis player Emma Raducanu.

After a near 30% run-up in just three months, oil bulls are counting on OPEC to sprinkle a little more magic dust on the market. 

Bitcoin (BTC) starts a new week, a new month and a new quarter with a firm bullish move past $28,000.

Focus Lighting has earlier approved to split its shares in the proportion of 1:5, which means, for every one share investors hold, it will be subdivided into five shares. The proposed stock split will be completed within 3 months from the date of shareholder’s approval. The record date for the same is fixed as October 6, and the stock will trade ex-split on the same day. Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio. Focus Lighting and Fixtures provides lighting products and solutions.

(Exciting news! Mint is now on WhatsApp Channel. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The monsoon was uneven, with June rains 9% below average because of the delay in the arrival of rains, but July rains rebounded to 13% above average. Also read: Monsoon season ends with 'below-average' rains, IMD blames El Nino for deficit August was the driest on record with a 36% deficit.

Space.com. The delay in the launch will allow NASA's team to complete verification of the parametres used to control the Psyche spacecraft's nitrogen cold gas thrusters. Also read: NASA releases new mosaic of Moon's Shackleton Crater, offers closer look of lunar South Pole The parametres were adjusted in response to updated warmer temperature predictions for these thrusters.

Investing.com — With an eleventh-hour deal reached to avert a U.S. government shutdown investors will be focusing on U.S. jobs data and speeches by Federal Reserve head Jerome Powell and European Central Bank President Christine Lagarde in the week ahead. Central banks meeting in Australia and New Zealand will also be in focus and markets continue to digest the ‘higher for longer’ interest rates mantra. Here’s what you need to know to start your week.