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Wall Street opened on a subdued note Monday as big technology stocks weighed on US indices, even as gold and silver prices clawed back part of their recent losses, according to AP.The S&P 500 slipped 0.2%, putting it on track for a fourth straight modest decline. The Dow Jones Industrial Average fell 173 points, while…
After plunging nearly 20%, gold and silver ETFs managed to offset some of their losses on Monday. The Bombay Stock Exchange, imposed trading limits on ETFs of the two metals due to increased volitality. The imit came after a sharp sell-off from record highs, which sparked massive price swings across bullion markets and related exchange-traded…
Maple Leafs captain Auston Matthews (Via Getty Images) The Maple Leafs’ playoff window appears to have slammed shut. Following a devastating 7-4 loss to the Buffalo Sabres on Tuesday night, Toronto finds itself eight points adrift of the Eastern Conference wild card positions. This loss marked the end of a devastating five-game run at the…
A Dubai-based conglomerate has said it will initiate legal action against Lebanese authorities, alleging losses of more than $1.7 billion following years of economic crisis, banking restrictions and political instability in Lebanon.The Al Habtoor Group said on Monday that its investments in Lebanon have suffered “severe and sustained harm” due to measures imposed by Lebanese…
India’s regional connectivity scheme is headed for a revamp, awaiting Cabinet’s approval for a plan that would financially support airlines operating on remote routes to cover potential losses. Launched in 2016, the scheme caps fares on half of the seats to make air travel affordable. However, flights to hinterland destinations often remain commercially unviable due…
Pakistan’s Babar Azam and Mohammad Rizwan( AP/PTI) Several leading Pakistani cricketers, including former captain Babar Azam, wicketkeeper-batter Mohammad Rizwan, and pace ace Shaheen Shah Afridi, are reportedly among the victims of a massive financial scam that could see them lose millions of rupees, a source has revealed. What is a Ponzi scheme? A Ponzi scheme…
Rupee began strong on Tuesday, strengthening by 18 paise to 90.12 against the US dollar, snapping its four-day losing streak.The currency’s rebound comes a day after it ended lower on Monday, closing at 90.30 against the greenback amid ongoing geopolitical uncertainty and weak domestic equities. According to traders, after the American military operation in Venezuela,…
A sharp increase in taxes on cigarettes, along with a new excise duty structure on tobacco products, could trigger a surge in illicit trade and lead to significant revenue losses for the government, experts have warned.Earlier this week, the finance ministry notified amendments to the Central Excise Act, introducing a fresh excise duty ranging from…
You don’t look at your portfolio like a long-term investor; you look at it like a daily scorecard. (AI image) “‘If I know markets go up in the long run, why do short-term losses bother me so much?’This is one of the most honest questions an investor can ask.On paper, you know the logic. You’ve…
CHENNAI: Chief minister M K Stalin has urged Prime Minister Narendra Modi to solve the crisis faced by TN exporters due to the recent tariff hike imposed by the US. Currently, the US has imposed 50% tariff hike on Indian exports.Stalin wrote to Modi saying that the confirmed orders were cancelled and new orders have…
