US banks hold an estimated $650 billion in unrealized losses on their bond holdings, a result of the surge in interest rates over the past 18 months. The outcome was a string of bank failures earlier this year. While this might seem like a massive ticking time bomb, the banking sector has the flexibility to…
Disney has officially announced its plans to take full control of Hulu by offering Comcast $8.6 billion for its remaining one-third share in Hulu. CEO Bob Iger’s strategy to focus Disney on the streaming industry is evident in this bold move. The move falls in line with Disney’s goal to unite Hulu’s general entertainment content…
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Airlines have a record 260 million seats to fill this quarter and are offering fares that are as low as $29 for off-peak periods. Due to the increased capacity in recent months, and the return of leisure travelers…
Deepika Padukone and her mother, Ujjala Padukone, were recently spotted at the airport, looking effortlessly chic in cool and casual outfits. As fans celebrated the 16th anniversary of Deepika’s debut film, “Om Shanti Om,” she and her mother caught the attention of onlookers with their stylish looks. In the video that surfaced online, Deepika was…
Goldman Sachs Predicts Return to Pre-2008 Economic and Investment Conditions Goldman Sachs has stated that the economy and investing landscape appear to be reverting to a pre-2008 environment. This prediction comes as strategists at the firm report that the global economy has exceeded expectations in 2023, and they expect disinflation to continue. The bank has…
Former Apple executives have launched a revolutionary AI-powered wearable gadget called the AI Pin, available for purchase at $699. This new wearable allows users to control various functions through voice commands, but some critics argue that speaking loudly to an inanimate object in public may be a bit odd. In the AI Pin’s demo video,…
The Enforcement Directorate (ED) has announced that three properties owned by Munjal have been attached under the Prevention of Money Laundering Act, 2002. According to the ED probe, Munjal obtained “foreign exchange or foreign currency” in the names of other individuals and then used it for his personal expenses abroad. The ED stated, “The foreign…
Rep. Elise Stefanik, the Chair of the House Republican Conference, has filed an ethics complaint urging for the removal of the judge presiding over the $250 million business fraud trial of former President Donald Trump. Stefanik, a loyal ally of Trump, accused Manhattan Supreme Court Judge Arthur Engoron of displaying “clear judicial bias” against the…
Salman Khan’s “Tiger 3” Set to Roar at Box Office, Pre-Bookings and Opening Day Buzz on Overdrive By: Chirag Sehgal Last Updated: November 10, 2023, 08:53 IST The much-awaited Salman Khan and Katrina Kaif starrer, “Tiger 3,” is all set to hit theaters on November 12. Directed by Maneesh Sharma, the film marks the third…
“US Stock Market Rebounds with the Dow up Nearly 400 Points as Stocks Climb” On Friday, US stock markets rallied, with the Dow Jones Industrial Average gaining nearly 400 points. This comeback came after stocks fell on Thursday, ending an eight-day winning streak. The stock surge saw the S&P 500 reaching the 4,400 threshold, near…
