BUSINESS
Modest Downturn in US Stocks Following Record-Breaking $9.8 Billion Black Friday Sales
The impact of extended cyber sales on Monday is anticipated to further influence consumer spending, which set a record at $9.8 billion during the event, reflecting a 7.5% year-over-year growth, as reported by Adobe Analytics.
Rapid Growth: India's Equity Derivatives Market Speeds Up
According to a report by Jefferies, the surge in investor engagement and the segmentation of equity derivatives have propelled derivative volumes to 20-30 times higher than those observed in developed markets.
Mortgage Surge Renders Housing Unattainable for Middle-Class Americans
Skyrocketing mortgage rates have rendered homeownership more challenging, leading to concerns among investors and business analysts about wealth-building opportunities in modern times.
Musk's Brain Implant Startup Neuralink Secures Additional $43 Million in Funding
This new funding round comes after a previous one in August, led by Peter Thiel’s Founders Fund, which increased the company's funding from $280 million to $323 million.
Record-Breaking Black Friday Generates $9.8 Billion in US Online Sales
The top-selling categories on this shopping extravaganza included electronics like smartwatches and televisions, along with toys and gaming products, CNBC noted.
SC Takes Firm Stand on Plea Seeking Probe into LIC and SBI, Calls It College Debate
The Supreme Court, in a recent session, adopted a firm stance on pleas urging an investigation into the operations of Life Insurance Corporation (LIC) and the State Bank of India (SBI).
Thanksgiving Day Records $5.6 Billion in Online Sales in the US, Smartphones at the Helm
Black Friday was anticipated to witness a robust online spending spree, projected to reach $9.6 billion, indicating a 5.7% surge compared to the previous year, as reported by TechCrunch.
The Extradition of Collapsed Crypto Founder Do Kwon Gets Approval
Kwon, who was apprehended at the airport in Montenegro in March with counterfeit documents, awaits a final decision on extradition from the Montenegrin Justice Minister.
SC Questions Prashant Bhushan on Treating the Hindenburg Report on Adani Group as 'Credible'
Expressing skepticism, the bench, which included Justices J.B. Pardiwala and Manoj Misra, emphasized the significance of material evidence casting doubt on the Securities and Exchange Board of India's (SEBI) investigations, a statutory body entrusted with probing stock market violations.
Air India to Commence Four Weekly Flights from Delhi to Phuket
The direct route aims to cater to the demand for more convenient air travel between the two cities, promoting both tourism and trade.
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