‘The India which was all about glamour and razzmatazz through which he could earn the trust of people of the other India, which was Bharat.’ In February 2004, when Sahara chief Subrata Roy hosted his son Sushant’s wedding in Lucknow, the who’s who of India was present. The top name on the guest list was then prime minister Atal Bihari […]

Stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line after trending higher over the past several sessions. The major averages eventually ended the session narrowly mixed. While the Dow edged down 40.33 points or 0.1 percent to 34,112.27, the Nasdaq crept up […]

Market sentiment remained tethered to anxiety surrounding the monetary policy guidance to be unveiled by Fed Chair Jerome Powell in his speech on Wednesday. Inflation updates due from China later in the day also added to the market’s nervousness. Wall Street Futures are trading flat. European benchmarks are trading lower amidst a lower-than-expected retail sales reading for the bloc. Asian […]

House prices in the UK rose in October, after falling for six months in a row and at a faster than expected pace despite the subdued market, results of a survey by the Lloyds Bank subsidiary Halifax and S&P Global showed Tuesday. The house price index rose 1.1 percent from September, when they declined 0.3 percent. Economists had forecast a […]

German autoparts maker Continental AG Monday announced its plans to cut thousands of jobs in its automotive unit as part of its efforts to strengthen the sector’s competitiveness. Continental said its Automotive sector is simplifying and streamlining business and administrative structures. With the planned measures in the administrative structures, Continental is aiming to ease the sector’s costs by 400 million […]

After moving sharply higher over the course of the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent most of the day lingering near the unchanged line before closing modestly higher. While the Nasdaq climbed 40.50 points or 0.3 percent to 13,518.78 and the S&P 500 rose 7.64 points or 0.2 percent […]

Elon Musk’s new AI venture xAI has unveiled its first artificial intelligence or AI chatbot technology named Grok, that competes with OpenAI’s highly popular Generative AI ChatGPT. Grok is claimed to help quickly access relevant information, process data, and come up with new ideas. In a post on X, formerly Twitter, Musk said, “Grok has real-time access to info via […]

Amazon.com, Inc. (AMZN) on Wednesday announced a new benefit for its Prime members that provides access to virtual and in-person primary care services through its One Medical platform. With the acquisition of One Medical in July 2022 for approximately $3.9 billion, Amazon aims to address preventive and immediate healthcare. The usual cost of a One Medical membership is $199 per […]

Relief at the Fed’s pause and hopes of an end to the tightening cycle bolstered market sentiment across asset classes and regions. The Bank of England is also widely expected to keep rates on hold in its decision on Thursday. Wall Street Futures are trading on a positive note amidst the Fed’s dovish stance. European benchmarks recorded strong gains as […]

The U.S. Department of Commerce will establish the United States Artificial Intelligence Safety Institute inside National Institute of Standards and Technology. The US AISI will operationalize NIST’s AI Risk Management Framework by creating guidelines, tools, benchmarks, and best practices for evaluating and mitigating dangerous capabilities and conducting evaluations including red-teaming to identify and mitigate AI risk. This is one among […]