Flipkart has raised $3.6 billion in a new round of funding boosting its online shopping expansion in India and taking on rivals like Amazon, Reliance Industries and the Tata Group.
Japan’s Nikkei Stock Index , Surges to an All-Time High.
The Nikkei 225 reached an
all-time high on Feb. 22, AP reports. .
It closed at 39,098.68, surpassing the record of 38,915.87 that was set in December of 1989.
Shares related to computer chips helped
to lead the rally on Feb. 22, AP reports.
On Feb. 21, Nvidia reported that its fiscal Q4
revenue jumped from $6.05 billion to $22.1 billion.
Accelerated computing and generative
AI have hit the tipping point, Jensen Huang, founder and CEO of Nvidia, via statement.
Demand is surging worldwide across
companies, industries and nations, Jensen Huang, founder and CEO of Nvidia, via statement.
Meanwhile, shares in Tokyo Electron, Advantest Corp. and SoftBank Group Corp. were up 6%, 7.5% and 5.1%, respectively. .
Prior to the recent surge, Japan's
benchmark rate has stayed at -0.1%
for more than 10 years, AP reports. .
But within the past few months,
Tokyo share prices have risen 15%.
The past year has seen a
44% increase in share prices. .
As Japanese companies show
signs of change I think investors
are taking a closer look, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'.
The generation is changing, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'
Credit: Wibbitz Top Stories Duration: 01:30Published
Saudi Arabia's new investment firm Alat announced four partnerships with global companies as the country makes efforts to turn into a technology manufacturing hub.
Credit: euronews (in English) Duration: 04:02Published
Union Minister Anurag Thakur announces India's readiness to host the 2036 Summer Olympics, along with the 2030 Youth Olympics. Get the full scoop on India's sporting ambitions and plans in this exclusive interview with NDTV.
#2036SummerOlympics #SummerOlympics2036 #SummerOlympics #AnuragThakur #YouthOlympics2030 #ParisOlympics #Oneindia
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Manipur governor's decree for government offices to operate on March 30-31, coinciding with Easter, draws criticism from tribal groups, citing offense to Christian sentiments. With Manipur's significant Christian population, concerns are raised over the disregard for religious observance. This decision reignites tensions in the ethnically diverse state, exacerbating existing fault lines between tribal communities and the majority Meiteis.
#Manipur #Kuki #Meiti #Kukizo #Christians #Manipurnews #Manipurcrisis #Manipurupdates #Manipurp #Indianews #Politics #Oneindia #Oneindianews
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Discover why Finance Minister Nirmala Sitharaman has opted out of contesting Lok Sabha elections, citing financial constraints and concerns over winnability criteria. Get the full story behind her decision and its implications.
#NirmalaSitharaman #LokSabhaElections #LokSabhaElections2024 #LSElections24 #Sitharaman #FinanceMinister #LokSabhaCandidacy #Oneindia
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The final toll from the Moscow concert hall attack could exceed the confirmed 143 mark, as over 100 missing persons reports are received by Russian investigators. The attack, the deadliest in two decades, saw gunmen storm the venue, shooting civilians before setting the building ablaze. ISIS claimed responsibility, but Russian President Putin baselessly accused Ukraine, sparking international controversy.
#Moscow #RussiaAttack #CrocusCityHall #PresidentPutin #Putin #Russianews #VladimirPutin #Islamists #Worldnews #Oneindia #Oneindianews
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A stabbing spree in northern Illinois leaves four dead and seven injured, with a 22-year-old suspect in custody. Rockford Police Chief Carla Redd expresses condolences to the victims' families, while the community grapples with shock and disbelief. Authorities are investigating the motive behind the heinous crime, as residents offer support and assistance in the aftermath of the tragic incident.
#Illinoisattack #Illinois #RockfordPolice #CarlaRedd #USnews #Americanews #CrimeNews #Worldnews #Oneindia #Oneindianews
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Witness the rise of Nita Ambani as she takes on the helm of India's media landscape. Learn more about her journey and the significant impact she's set to make in the world of entertainment.
#NitaAmbani #MostPowerfulWomen #IndianMedia #Ambanis #NitaMukeshAmbani #NitaAmbaniLifestyle #MukeshAmbani #AmbaniWedding #AnantAmbani #RadhikaAmbani #Disney #Reliance #DisneyReliance #Oneindia
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Discover the fascinating story of Radhika Merchant, the soon-to-be bride of Anant Ambani, youngest scion of Reliance Industries chairman Mukesh Ambani. From her upbringing in Mumbai to her educational journey at prestigious institutions and her professional achievements, learn about Radhika's diverse talents, cultural pursuits, and philanthropic interests. Join us as we delve into the life of Radhika Merchant, a blend of tradition, modernity, and promise.
#RadhikaMerchant #AnantAmbani #RadhikaAnantWedding #AmbaniWedding #AnantAmbani #RadhikaMerchantAnantAmbaniWedding #MukeshAmbani #NitaAmbani #Oneindia
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These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
In a stunning turn of events, Tesla CEO Elon Musk has been dethroned as the world's richest person, with Amazon founder Jeff Bezos reclaiming the top spot. Join us as we delve into this dramatic shift in the billionaire rankings.
#ElonMusk #WorldsRichestPerson #JeffBezos #BloombergReport #BloombaergBillionaireIndex #ElonMuskvsJeffBezos #FinancialNews
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Jeff Bezos Sells $4 Billion , of Amazon Stock.
Earlier this month, Amazon
revealed that Bezos would be offloading
50 million shares by Jan. 31, 2025.
Earlier this month, Amazon
revealed that Bezos would be offloading
50 million shares by Jan. 31, 2025.
According to regulatory filings,
since Feb. 9, Bezos sold 24 million shares
over the course of four trading days.
The last time he sold stocks was
in 2021, Yahoo Finance reports. .
Bezos, one of the world's richest men, didn't
provide a reason for the timing of his recent sale. .
But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .
But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .
In 2022, Washington instituted
a 7% capital gains tax.
Bezos' decision to move to Florida will likely save
him $288 million so far, Yahoo Finance reports. .
"Because Bezos has only ever bought a single
share of Amazon," it's likely that he's had the stock, since the formation of the company, "and therefore
virtually all of their value would be considered
capital gains," according to 'Bloomberg.'.
According to Washington officials, capital gains tax brought in $855 million last year.
Over half of that amount
came from only 10 people. .
In March 2023, billionaire Ken Fisher said he would move from Washington to Texas.
Credit: Wibbitz Top Stories Duration: 01:31Published
Economists Optimistic, After Stocks Hit, New Record.
NPR reports that the S&P 500 has risen
above 5,000 for the first time in history.
The broad-based U.S. index of the most-known companies around the globe opened over the
historic milestone at the opening bell on February 9. .
Investors are feeling
optimistic that we have
sidestepped a recession, Sam Stovall, chief investment strategist
at the financial research firm CFRA, via NPR.
According to the latest economic data, the Federal
Reserve appears poised to pull off its goal of achieving
a so-called "soft landing" for the U.S. economy. .
The potential good news comes after a year-long
rate-hiking campaign by the Fed to combat high
inflation amid widespread fears of a recession.
So far, the S&P 500 is up over 5%
in 2024, coming off of a strong 2023,
which saw the index gain 24%.
NPR reports that a select group of stocks,
referred to as "The Magnificent Seven,"
accounted for most of the market's broader gains.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
It's a couple growth sectors,
and that's it. What's leading
the market is still more
growth-y, tech-y stocks, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
If you look at the history,
my guess is we spend some
time above 5,000, probably
spend some time below 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
And I think we
can actually move
well beyond 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
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