Manage your money with AI in 2024 | This is how AI can help you| Tool demo
From Google’s CEO Sundar Pichai to India’s PM Narendra Modi, everyone has talked about artificial intelligence in 2023. On one hand, you see AI fueling the growth of the Indian economy; but on the other hand, Paytm has laid off over 1000 employees after implementing AI automation technology. As AI keeps evolving, governments are creating new regulations to curb its misuse. So, in 2024, you can expect more AI tools, and software; but this doesn’t need to hinder your life… Instead, you can use AI to your advantage, but how? Which is exactly what we’re answering in this video. Before walking into 2024, this is how you can arrange your finances, invest in markets & spend your money judiciously with AI.
OpenAI in talks to raise new funding at $100 billion valuation
OpenAI is reportedly in preliminary discussions to secure a new funding round at a valuation of $100 billion or more, according to sources cited by Bloomberg News on Friday.
Stocks edge up, dollar eases before long holiday weekend
Global stock indexes mostly climbed, and the U.S. dollar fell to a near five-month low on Friday before the long holiday weekend. Cooler-than-expected U.S. inflation data reinforced the belief that the Federal Reserve might cut borrowing costs in the new year.
Gold gains as rising Fed rate cut bets boost appeal
Gold reaches a two-week high on Friday, marking a second consecutive weekly rise, as the dollar and U.S. Treasury yields decline amid growing expectations of an early interest rate cut by the Federal Reserve.
Biocon Biologics, Sandoz sign pact to distribute adalimumab biosimilar Humira in Japan
Adalimumab BS for subcutaneous injection is a biosimilar of Humira, offering therapeutic solutions for immune-related diseases such as rheumatoid arthritis, psoriasis vulgaris, ankylosing spondylitis, Crohn's disease and ulcerative colitis
Blackstone to buy 80% of Sony payment unit for $280 million
Blackstone Inc. is set to acquire a majority stake in a payment service provider affiliated with Sony Group Corp. for approximately $280 million, according to a source familiar with the matter.
Dollar index slips to 1-week low; traders eye Friday's U.S. inflation report
The dollar reached a one-week low against major currencies amid a rebound in U.S. equities. Investors awaited Friday's inflation data for Federal Reserve policy insights. Earlier GDP data showed a 4.9% annualized rate last quarter, revised down from 5.2%, with consumer spending also lowered to 3.1%.
Asia stocks see slim weekly gain, await US inflation
Policymakers debated communication around an eventual exit from such settings in December, meeting minutes showed on Friday. But data showing a slowdown in the pace of Japan’s core inflation takes off some of the pressure to hurry.
Dollar sinks ahead of US inflation test
Against a basket of currencies, the greenback was last at 101.76, pinned near a more than four-month low of 101.72 hit in the previous session.
Asia stocks fall as Wall Street rally stalls
The equities rally, which had been driven by falling interest rates and the Federal Reserve’s dovish turn, stalled on Thursday even after U.S. economic data that beat expectations initially turned the major indexes green.
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks end lower Wednesday after a sudden mid-afternoon plunge interrupts Wall Street's rally, influenced by falling interest rates and a dovish Federal Reserve. Major indexes close 1.3% to 1.5% below Tuesday, hitting resistance, says Jay Hatfield, portfolio manager at InfraCap.
US imposes more Russian oil price cap sanctions and issues new compliance rules for shippers
The price cap was rolled out to equal parts skepticism and hopefulness that the policy would stave off Russian President Vladimir Putin’s invasion of Ukraine.
India in talks with Argentina, Bolivia to acquire lithium assets - secretary
India is also in preliminary discussions with Bolivia to acquire lithium assets, mines secretary V L Kantha Rao said at a press conference.
Oil rises on weaker dollar, IEA demand upgrade
Lower interest rates reduce consumer borrowing costs, which can boost economic growth and demand for oil. A weaker dollar makes oil less expensive for foreign purchasers.
Wall Street drifts near its record ahead of the Fed's announcement on rates
Stocks fell more sharply elsewhere in Asia, including a 1.2% drop in Shanghai and a 0.9% decline in Hong Kong, as worries continue about the strength of China's economy, the world's second-largest.
Taylor Swift is TIME’s Person of the Year | How she Tay-lored her entrepreneurship journey
Taylor Swift is the Time’s Person of the year. But that is not the only feat that Taylor has achieved this year. With 26.1 billion global streams, she was the top streamed artist on Spotify this year. She also became a billionaire this year. She is also re-recording her old albums to gain control over the master records. In this video, we tell you why 2023 was the year of Taylor Swift, and how she turned her artistry into a pure opportunity for entrepreneurship.
LIVE: India's Q2 GDP At 7.6% | Contributing Factors & Can It be Sustained?
Indian equity market has given the Q2 GDP print at 7.6% a big thumbs up. A factored-in exit poll outcome is what propelled the Nifty to touch new record highs. Are India's favourable macro cues screaming 'just like a wow'! And can this growth momentum be sustainable? Could doles of freebies disrupt India's fiscal math ahead of the general election? Moneycontrol's Shweta Punj speaks with Amit Malviya, In-Charge of BJP’s National Information & Technology Dept, Amitabh Dubey, Incharge of research & monitoring @AICC Media, D K Shrivastava,Chief policy advisor, EY, Vivek singh, Economist, QuantEco and Indra Shekhar Singh, Agri Policy Analyst in this special broadcast on Moneycontrol.com. Watch Now!
Behind Charlie Munger's Investment Style With Behavioural Finance Expert Professor Sanjay Bakshi
Warren Buffett's right hand man Charlie Munger passed away just before his 100th birthday. Munger was a constant at Berkshire Hathaway AGMs, and was admired by investors for the depth of his knowledge, his wisdom, and definitely his wisecracks! Along the years, Munger dropped many pearls of wisdom on how to invest and manage investments & finances. Moneycontrol's N Mahalakshmi discusses with one of India's foremost behavioural finance experts, Professor Sanjay Bakshi. Watch!
Asian shares dragged lower by China, Treasury yields climb
Asian shares decline, influenced by losses in China and lack of Wall Street guidance during Thanksgiving. Dollar weakens, Treasury yields rise.
Brent retreats ahead of OPEC+ oil production decision
By Colleen HoweBEIJING Brent crude futures edged down on Friday, extending losses from the previous session, as traders speculated on whether OPEC+..
Fed won’t change its tune just yet; don’t expect rate cuts until the 2nd half of 2024: Andrew Freris of Ecognosis Advisory
Contrary to expectations of more aggressive rate cuts in 2024, the Fed may go for just two rate cuts next year, the first of which may only come after six-nine months.
Oil prices dive on US crude build and China concerns
Brent futures fell $2.60, or 3.2%, to $78.58 a barrel by 1526 GMT.
Gold climbs over 1% as US jobless claims data cement Fed pause bets
Spot gold rose 1.1% to $1,981.39 per ounce by 10:11 a.m. ET (1511 GMT). U.S. gold futures up over 1% to $1,984.60.
"Still Waiting For A Thank You…” Jaishankar on India’s role on managing global inflation
Extrenal Affairs Minister, Dr S Jaishankar spoke about India's role in establishing the global oil and gas markets amid the Russia- Ukraine war. Watch to know more
Wall St Week Ahead: Stock investors see green light in falling Treasury yields
Yields on the benchmark 10-year US Treasury, which move inversely to bond prices, are down about 35 basis points from 16-year highs hit in October.
