Tag: year
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Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
RBI has not yet allowed NBFCs to launch credit cards so most NBFCs have opted for the co-branded route. Bajaj Finance has credit card partnerships with RBL Bank and DBS Bank. While DBS Bank partnership is one-year old, the one with RBL Bank is a long standing one that started in FY18. Observing “serious deficiencies”…
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Moneycontrol Pro Panorama | Will markets shine in an election year?
As many as 40 countries including India and the US will hold general elections in 2024. Elections in the UK may occur in late 2024 or early 2025. Dear reader, As 2023 draws to a close, investors have much to look forward to in 2024. The prospect of interest rates staying higher for longer has…
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Stockology: Will markets see trend-reversal in last trading week of the year?
The prevailing sentiment in the market is optimistic and clear-cut; panic selling last week was succeeded by a recovery phase, instilling confidence in investors and traders Stockology is a weekly column by futurologist Mahesh Gowande. He is the founder and director of Ayan Analytics which has developed ZodiacAnalyst. It is a research software, with time…
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Venomous snake bites kill thousands every year. A California doctor may have a solution
SAN FRANCISCO, Calif. — John Heenan knows the terror of feeling a sting on his foot, then looking down and seeing two bright red puncture wounds about an inch apart and a massive rattlesnake slithering away into tall grass. It was a summer morning in 2017, and the 74-year-old horticulturist was carrying a box of fruit…
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Wendy’s Stock Looks Reasonable Value After A So-So Year (NASDAQ:WEN)
Bruce Bennett This has been a frustrating year for The Wendy’s Company (NASDAQ:WEN). Shares of the burger chain franchisor have fallen around 5% in that time including dividends, underperforming peer McDonald’s (MCD) by over 18ppt amid relatively soft comps. With that leaving Wendy’s on a fairly modest multiple of free cash flow and sporting an…
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Biden ends the year with the worst approval of ANY modern-day president: He enters the election year with lower popularity than Jimmy Carter and faces an enormous mountain to climb
President Joe Biden is closing out 2023 with his voting numbers still in the doldrums — worse than any other president at the same stage of his first term — as he prepares for next year’s election, with voters still concerned about the state of the economy. And that’s despite his overall approval rating rising…
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Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely…
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Kevin McCarthy’s advice to Speaker Mike Johnson as he prepares to leave Congress at the end of the year: ‘Do not govern like you’re afraid somebody’s going to make a motion to vacate’
Published: 4:37 PM EST, December 10, 2023 | Updated: 4:37 PM EST, December 10, 2023 Despite being ousted as Speaker of the House of Representatives, Rep. Kevin McCarthy said he did what he thought was right by striking a deal with Democrats to pass a continuing resolution to keep the government open and funded to…
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British American Tobacco p.l.c. (BTI) Full Year 2023 Trading Update Conference Call (Transcript)
British American Tobacco p.l.c. (NYSE:BTI) 2023 Full Year Pre-Close Trading Update December 6, 2023 3:30 AM ET Company Participants Tadeu Marroco – CEO Javed Iqbal – Interim CFO Victoria Buxton – Head of IR Conference Call Participants Jacob de Klerk – Redburn Atlantic Owen Bennett – Jefferies Rey Wium – SBG Securities James Edward Jones…
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2024 Set To Be The Year That The ECB Hike Cycle Is Felt
MicroStockHub/iStock via Getty Images By Bert Colijn, Senior Economist, Eurozone; Carsten Brzeski, Global Head of Macro The end of the hike cycle is most likely here. The ECB has raised interest rates aggressively – from -0.5% to 4% in just over a year. With inflation coming down quickly and the economy stagnating, it is hard…