The recent decision by the Reserve Bank of India (RBI) to keep its key interest rate unchanged is consistent with its focus on combating inflation, setting it apart from other major central banks worldwide. The Monetary Policy Committee (MPC) opted to maintain the repo rate at 6.50% for the ninth consecutive policy meeting, signaling a
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European policymakers have been eager to see larger banks emerge throughout the continent, and it seems that Italy may be on the brink of a significant round of mergers and acquisitions (M&A) that could fulfill this long-awaited desire. Analysts suggest that after enduring a sovereign debt crisis and a government bailout of Banca Monte dei
Apple is considering charging its users up to $20 for access to advanced artificial intelligence features. The company plans to introduce its Apple Intelligence system later this year, with enhanced Siri voice assistant capabilities and the ability to automatically generate emails and images. Although these features will be gradually rolled out, users in certain regions,
The stock market is a volatile environment where prices can fluctuate rapidly, causing both gains and losses for investors. It is important to closely monitor the performance of individual stocks to make informed decisions regarding investments. In this article, we will analyze the performance of several key stocks in the market. CNBC TV’s Diana Olick
Financial markets are notorious for their unpredictability, and the recent burst of volatility that caught many off guard is a stark reminder of this fact. Trades that thrive in a low volatility environment can quickly unravel when volatility spikes, leading to substantial losses. The allure of high profits in these trades often blinds traders to
The narrative surrounding Disney’s media business has taken a surprising turn in recent times. While previously the focus was on how streaming losses and other factors were dragging down the company, the second-quarter results have shown a different story. Disney’s combined streaming services – Disney+, Hulu, and ESPN+ – have turned a profit for the
Super Micro Computer, once a highflier in the AI industry, experienced a significant setback as its shares tumbled by 14% in premarket trading due to a faster-than-expected contraction in gross margin. The company reported an adjusted gross margin of 11.3% for the fourth quarter, down from 17% a year earlier, which fell below analysts’ expectations
In a recent meeting, Brazil’s central bank reiterated its commitment to keeping inflation under control. The central bank expressed concerns over inflation expectations that have been de-anchoring, indicating a potential need for a rate hike to bring inflation back to its target. The decision to keep interest rates unchanged at 10.50% was unanimous, but the
James Mangold’s highly anticipated Bob Dylan biopic, “A Complete Unknown,” is set to premiere on December 25th. Starring Timothée Chalamet as the iconic singer, the film follows Dylan’s journey from a young artist in Minnesota to a revolutionary folk singer in West Village. As Dylan navigates through his rise to fame and forms intimate relationships
SoftBank Group, a tech investment giant based in Japan, is anticipated to report a modest profit for the first quarter. However, the focus is on whether the company will announce a major share buyback program amidst market turbulence and investor pressure. Investors have been urging SoftBank to consider a share buyback due to the significant
John Schulman, the co-founder of OpenAI, recently announced his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This move comes shortly after the dissolution of OpenAI’s superalignment team, which was dedicated to ensuring human control over advanced AI systems. Schulman, who led OpenAI’s post-training team focused on AI
The U.S. markets opened on a somber note on Monday, with tech’s megacap companies experiencing a massive loss of about $1 trillion in market cap. This downturn deepened a downward spiral that had already sent the Nasdaq into correction territory the previous week. Nvidia, one of the leading chipmakers, saw more than $300 billion wiped
The cryptocurrency market experienced significant volatility as Bitcoin dropped below $50,000 for the first time since February. This led to a ripple effect on bitcoin-related companies, with names like Robinhood, MicroStrategy, Coinbase, and Marathon Digital all facing losses. Robinhood plummeted more than 10%, while MicroStrategy plunged more than 8%. This highlights how closely tied these
The widening of U.S. junk bond spreads over yields on risk-free Treasuries on Monday indicated that financial markets were perceiving more risk. This came after the biggest daily point surge since March 2023, with stocks seeing a sharp decline as investors sought the safety of U.S. government debt. The ICE/BofA U.S. high yield index option