Wellness Financial News

«There is nothing which signals a slowdown. All leading indicators just say that it is just back to getting normal. The other point Federal Reserve has to keep in mind is, what is the runway they have? Look, they started from zero percent and which was anyway a very abnormal emergency measure,» says Anurag Singh, Managing Partner, Ansid Capital. At Jackson Hole, we heard the Fed chair, Jerome Powell, saying that the time has come for policy to adjust. The direction of travel is clear, he said, and the timing and pace of rate cuts is going to depend on incoming data. The evolving outlook, the balance of risks and he also said that it seems unlikely that the labour market is going to be a source of elevated inflationary pressures any time soon. We do not seek, he says, or welcome further cooling in the labour market conditions. But looking at the labour data now with some pockets in the market supporting this 25 basis point rate cut in September, November, and December, what is your sense of the size and pace of rate cuts that the Fed will go with? Anurag Singh: First of all, there is no panic in the economy anyways. So, there is no point, markets can behave and do what they do. But the economy overall is just getting back to normal. I mean, you see all the unemployment rate, quits rate, hiring rate, ratio of unemployed to jobs those kind of numbers are just about getting back to where they were in 2019 or 2020, just before the pandemic started.

Arvind Sanger, Founder & Managing Partner, Geosphere Capital Management, says India benefits from moderate crude prices, but it does not benefit when crude prices are showing weakness because there are concerns about global recession. So you should be careful what you wish for. You do not want crude to be crashing to a level that would suggest that global economies are in a concerted fashion going through a major slowdown. If crude stays moderate in the $70-80 range but does not meaningfully roll over, that would be probably the best outcome from an Indian standpoint.

Netflix Inc. show, Virgin River. A soapy drama centered on a nurse practitioner in a small, northern California town, Virgin River is the kind of show that reliably delivers buried secrets, thwarted villains and reunited lovers. That fake sunlight — the combined power of two massive 18,000-watt lights running on a giant battery — is how Netflix wants to clean up the dirty business of Hollywood productions. On most film and television sets, illumination is powered by loud, clunking diesel generators. Virgin River is one of a number of Netflix’s productions replacing generators and fossil fuel-based transportation with greener alternatives. In Atlanta, Stranger Things is dabbling with solar-powered trailers, and just outside London, Bridgerton has tested a hydrogen power unit. It’s all part of Netflix’s plan to cut its emissions roughly in half by 2030. Yet, Netflix’s progress has been marginal in the three years since it began focusing on sustainability in 2020.

Harvinder Singh said that it is a proud moment for a player when the national anthem is played. Harvinder got his hands on India's first-ever gold medal in para-archery at the Paralympics. In a one-sided final, Harvinder ousted Poland's Lukasz Ciszek with a straight-set win, 6-0. Speaking to ANI, Harvinder said that it was a proud feeling when he won the gold medal for India at the Paris Paralympics.

silver December futures contracts were trading at Rs 85,005/kg, up by 0.06% or Rs 49. In the last 2 days, the prices of gold have gained Rs 500/10 gm while silver has gained Rs 1,440 per kilogram.

Marico Ltd. traded 3.13 per cent higher in Friday's session at 09:59AM (IST). The stock opened at Rs 650.9 and has touched an intraday high and low of Rs 673.2 and Rs 648.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 692.7 and a 52-week low of 486.75. About 56,167 shares changed hands on the counter so far.

Indigo Paints fell by 5.7% to a low of Rs 1,452.10 on the BSE during early trading today. This decline followed a block deal estimated at Rs 179.2 crore, representing 2.5% of the company's equity, at Rs 1,493 per share. Reportedly, 1.2 crore shares were traded in the transaction, with Peak XV Partners Investments (formerly Sequoia India) likely being the seller.

Hina Khan, battling stage three breast cancer, has been diagnosed with mucositis as a side effect of her chemotherapy. She shared the news with her fans on Instagram, asking for their prayers and any useful remedies, while also providing an update on her ongoing treatment. Hina Khan revealed her diagnosis of mucositis, a painful side effect of chemotherapy, via her Instagram account. She wrote, «Another side effect of chemotherapy is mucositis. Although I am following the doctors' advice to treat it. If any of you have been through it or have known any useful remedies. Please suggest. It's really hard when you can't eat. It will greatly help me.» She captioned her Instagram post, «Please suggest. DUA.» Her fans and followers quickly responded with words of support and suggested various remedies. One fan wrote, «Heal Soon. Prayers for your speedy recovery.» Another person added, «Get well soon. Praying for you.» A comment also advised, «Get the treatment done, one bad piece of advice can worsen things.»

Everyone knows how much is at stake for Kamala Harris and Donald Trump during Tuesday's presidential debate, the only one they have scheduled during their compressed campaign

Geoff Dennis, Independent Emerging Markets Commentator, says the Chinese economy is struggling, and there is no obvious reason why that growth rate is going to turn upward in the near term. Also, although the US economy is in reasonable shape and ought to avoid recession, the chances of an acceleration in growth in the US are relatively limited. So, he does not see a big surge in oil prices despite delay in output increase. What is your reading of OPEC Plus's decision to stall the hike in production by two months? This has had a knee-jerk reaction on crude oil prices, which were on a very slippery slope. But do you think the price rise will be sustained? Geoff Dennis: What is happening here is that they are forming the bottom end of a trading range. It was inevitable at some point that OPEC Plus would delay this output increase because there have been several factors pulling crude oil prices lower in the last few weeks, including worries about the US economy, worries about the Chinese economy, expectations that Libyan oil will come back on the market shortly – although that is not a big factor. Also, US inventories have been pretty strong.

Tanvee Gupta Jain, UBS Chief India Economist. In an interview with ETMarkets, Tanvee said: “The potential growth I estimate is somewhere between 6.5% to 7%. What we’re seeing is that India’s potential growth is benefiting from digitalization adoption, increased services exports, and now a manufacturing push” Edited excerpts:

Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Varun Saboo, Head, Equities, Anand Rathi, says he is positive on OMCs. Crude prices are expected to slide further from here, which will help all the oil sensitives, so that was number one. Second, he believes one stock that is a theme in itself is PVR-Inox. That is one of the ideas that still leaves massive upsides from here. Multiplex is a big theme and PVR-Inox is a very high-conviction call. Third, cement is a big theme that Anand Rathi is positive about. Finally, Saboo talks about rate-sensitives as a theme. He is extremely positive about the NBFCs like Chola and Shriram Finance. Where do you stand when it comes to crude sensitives? We have seen quite a bit of a move in paints, some of the tyre names, and OMCs as well. It is not quite the same for ONGC or Oil India, but do you sense that this is a meaty move and could be sustained? Varun Saboo: When it comes to the crude sensitives, as a house we think that crude prices will soften further. So, be it the OMCs, paints, be it anything related to them will continue to rally. I am excited about the opportunity this is providing and I think everything is falling in place for India as a market. We are extremely dependent on crude as such. This helps us further on an overall basis also. This helps the overall market as well.

Stocks that were in focus include names like GIC Re, which fell 0.013%, Cochin Shipyard, which declined 0.93%, and Vedanta, whose shares gained nearly 1.8% on Thursday.

If the absence of a concrete plan of economic action was rendering the US Democratic Party’s presidential candidate Kamala Harris vulnerable to political criticism, she has now sought to correct that. At a poll rally, Harris announced new ideas that include enhancing expenditure deductions for startups, providing greater child tax credits, offering the middle class tax cuts and giving first-time homebuyers down-payment assistance.

Netflix has released the official trailer of the documentary series on former WWE boss Vince McMahon. Titled as “Mr. McMahon”, the Netflix show delves into the Vince McMahon’s journey of ascends as well as sharp vicissitudes of fortune. Apart from Vince McMahon himself, Netflix documentary series will showcase Hulk Hogan, Stone Cold Steve Austin, Bret «The Hitman» Hart, and Dwayne «The Rock» Johnson. The trailer also featured the famous duel between Vince McMahon and Donald Trump. “Mr. McMahon chronicles the rise and fall of Vince McMahon, controversial businessman and co-founder of WWE. From his transformation of the WWE from a small, regional business into a global entertainment powerhouse to the explosive sexual misconduct allegations that led to his eventual resignation, this six-episode series offers a deep dive into McMahon’s life and his enduring franchise,” caption for Netflix show “Mr. McMahon” trailer reads.

Donald Trump is currently facing a major fix after his formidable adversary Kamala Harris has begun pulling ahead of him, with New Hampshire being the latest region where the former US President is looking at losing his stronghold. Pollsters are already looking at a further shortened map for the former US President, if he ends up conceding New Hampshire.

Ronaldo put his side 2-0 up at the Estadio da Luz in the 34th minute when he got on the end of a Nuno Mendes cross with a tap-in volley from close range, before falling to the ground looking emotional at reaching another milestone. 39-year-old Ronaldo has now netted 131 international goals, 450 for Real Madrid, 145 for Manchester United, 101 for Juventus and 68 for his current club Al Nassr as well as five for his first club Sporting Lisbon.

Republicans led by Donald Trump could easily be running scared around reigning VP Kamala Harris' increasing popularity, which has helped her in gaining stronghold in various US regions, which where projected to enter the Republican victory map, when Biden was still the Democrat candidate. This time, Trump himself has addressed some details from the previous edition of the US Presidential Elections, that happened in 2020, claiming that he had lost out 'by just a whisker'.

Former President Donald Trump is suggesting his plans to increase tariffs on foreign imports will solve seemingly unrelated challenges such as the rising cost of child care