CRASH DATA
Korean Air flight descends 25,000 feet in five minutes due to depressurization, passengers hospitalized with nosebleeds
A Korean Air aircraft flying to Taiwan had to return to Incheon Airport due to an unexpected depressurization. The 737 Max has a problematic past, including crashes in Ethiopia and Indonesia in 2018 and 2019.
Finding MH370: A six-second signal could be key as researchers claim breakthrough in Malaysia Airlines Flight 370 search
Cardiff University research suggests hydrophones can help locate crashed airplanes like MH370. The study analyzed data from historical accidents and a submarine disappearance, proposing further investigation into the aircraft's last known location.
Japan's economy is shrinking, although slightly less than previously thought
Japan GDP growth: Revised government data shows Japan's economy shrank at an annual rate of 1.8%, an improvement from the initial estimate of 2.0%. Private sector investments were revised to minus 0.4%. Weak consumer spending, a depreciating yen, and a scandal involving improper vehicle tests at major automakers are among the challenges faced. The Bank of Japan's next move is closely watched.
Why do we make poor investment decisions and how to avoid them
Investing has come to mean a flurry of activity. One must go about acting with assumed expertise, buying, selling, booking profits, revising and reworking. Keeping it simple and staid over the long term is boring in comparison. Poor investment decisionmaking is here to stay. We will crib about outcomes for a while, and then go back to doing the same things.
Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying
Gold prices rose on rate cut expectations but fell due to a strong US nonfarm payroll report. The Dollar Index strengthened. Traders shifted rate cut expectations. Market awaits the US Federal Reserve's decision. China's Central Bank paused gold buying due to high prices.
Iran helicopter crash shows Tehran's reliance on an aging fleet as well as its challenges at home
While the cause of the May 19 crash remains unknown, the sudden death of the hard-line protege of Iranian Supreme Leader Ayatollah Ali Khamenei exposed the contradictions and challenges facing the country's Shiite theocracy. The Iranian military investigators probing the crash have previously faced international criticism over their report on troops shooting down a Ukrainian airliner in 2020.
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Inadequate tech at banks to blame for UPI downtimes
RBI governor Shaktinata Das mentioned that downtime in the UPI payment system is primarily due to weak technology on the banks' side rather than issues from NPCI. The volume of UPI transactions per day exceeds 450 million, with several instances of downtime reported in May 2024. The central bank has been working to reduce downtime instances to less than 1%.
How to plan for a future stock market correction?
Investors are moving investments to safer options like fixed deposits, bonds, and cash. There are many who are waiting for a stock market crash. Market corrections are temporary and unpredictable, so staying invested is key, says.
F&O stocks to buy today: M&M, Voltas among top 8 trading ideas for 6 June
F&O Stocks Today: The Indian market is set to trade higher on positive global cues, Nifty future closed at 22,584 levels with gains of 3.08%. India VIX dropped by 29.28%.
How will Sensex perform 1 month after election results? Here’s what past suggests
Equity markets react negatively to Lok Sabha election results, but bounce back post 5 days and 1 month. Past data shows Sensex stabilizing and gaining after elections, with small and midcaps outperforming large caps. Benchmark returns stabilize post general elections regardless of counting day performance. JM Financial notes positive market returns on sectoral basis 6 months post results.
Nifty crash worst single-day fall since Covid days. What should investors do?
The possibility of a bear market looms if NDA's seat tally falls short, shifting focus to economic growth and earnings. A hung parliament may trigger a market downturn before investors refocus on financial indicators.
F&O stocks to buy today: HDFC, REC among top 7 trading ideas for 4 June 2024
The Indian market is anticipated to experience volatility as the election results unfold. On Monday, the Nifty future concluded on a positive note, registering a gain of 3.30% at 23,450 levels.
NYSE glitch sparks volatility in dozens of stocks
A glitch at the NYSE caused major swings in Berkshire Hathaway and Barrick Gold shares, leading to trading halts in multiple companies. The issue was resolved, with impacted stocks resuming trading after a technical problem was fixed.
This city tops list with most number of deadliest car accidents in US: Report
Memphis, a city in the state of Tennessee, has recorded the greatest number of car crashes in the US for the year 2022. In the list of top 10 cities with the most number of car accidents, 3 cities belong to the state of Florida.
Pune Porsche crash: Why an AI expert has been called in to digitally recreate the accident scene
Pune Crime Branch officials are set to use artificial intelligence (AI) tools to perform a 'digital reconstruction' of a fatal car crash involving a Porsche that killed two IT professionals on May 19. A senior police official stated that AI-based software will be employed to create a detailed digital recreation of the incident, including vehicle movements, speed, and other crucial factors
Intense competition drives prices of wearables to all-time lows; sales up but higher inventory worries companies
Earbuds start at Rs 400 and smartwatches at Rs 999 for frontline brands, about half of what they were a year ago, companies and researchers said. Although sales are rising, companies aren’t able to clear out stock fast enough, they added.
View: Iran’s President Raisi, who died in chopper crash, was a failure
Iran president Helicopter Crash: Since the early 1980s, Iranian presidents have reflected the supreme leader's needs. Ebrahim Raisi, close to Ayatollah Khamenei, aimed to restore faith in the Islamic Revolution but failed. His crackdown on female dress codes sparked protests, revealing his lack of popularity. Raisi's death has now opened up new possibilities for succession.
Bears growl! Sensex crashes 750 points, Nifty below 21,850
Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.
Investor wealth eroded by Rs 7.3 lakh crore as Sensex crashes 1,000 points. Here are key factors behind the mayhem
The market capitalisation of BSE-listed companies slipped below the Rs 400 lakh crore mark to Rs 393.73 lakh crore. Q4 earnings and election uncertainty have dented the Street sentiments. The volatility index India VIX also spiked 6.5% to 18.20 levels, gaining for an eleventh straight session.
Nirmala Sitharaman junks reports of income tax tweaks that made Sensex crash 1,100 points
The report claimed that once the new government takes charge, the income tax department may prevent tax base erosion, revamp laws on penalties, and impose uniform treatment for all asset classes. Currently, India follows a differential tax structure for various financial assets.
Investors lose over Rs 2 lakh crore as Sensex melts 733 pts. 7 key factors behind today's bloodbath
Selling pressure from RIL and HDFC Bank led to a major crash in Indian indices. The market capitalisation of BSE-listed companies dropped by a whopping Rs 2.53 lakh crore. India VIX surged due to increasing volatility and concerns over Q4 earnings, election season, and US Fed rate cut.
Fry-day! Sensex takes sharp U-turn, tanks 900 points; Nifty below 22,450
Indian equity indices dropped with Nifty and Sensex decline, led by Reliance Industries and HDFC Bank. Bajaj Finance shares surged 6% after RBI lifted restrictions. Market focused on US jobs data and global cues.
Bitcoin slump triggers warning of 'trouble ahead' for global markets
The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX digital-asset empire imploded in November 2022. The token changed hands at $57,359 as of 11:17 a.m. Thursday in Singapore, around a two-month low.
Asia’s richest banker Uday Kotak loses $1.3 billion after RBI’s ban
Kotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.
Emerging-market assets sink to 2024 low amid growth, rate risks
A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.
Mauritius issue begins to haunt foreign investors as FPIs pull out nearly $1 billion from Indian stocks
India and Mauritius have agreed to a protocol to alter a double taxation avoidance agreement (DTAA) stating that tax relief cannot be for the indirect benefit of residents of another country. As a result, all FPIs will have to examine whether they have enough commercial rationale to be based in Mauritius when the tax scrutiny happens.
Sensex falls 793 points. Mauritius link and 5 other factors behind the selloff
Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.
Crash or soar? Traders are preparing for stock market extremes
As inflation continues to trend downward and the Federal Reserve signals its willingness to cut interest rates this year, rates volatility dropped to the lowest level since February 2022, creating a broadly favorable environment for stocks. The S&P 500 gained 10% in the first quarter — its strongest start to the year since 2019 — and posted 22 new all-time highs in the first three months of 2024.
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