The National Highway Traffic Safety Administration estimates that 42,915 people died in motor vehicle traffic crashes in 2021, a 10.5% increase from the prior year. While the data shows that multi-car crashes increased by 16% in 2021, most of these have involved only a few vehicles — at least relative to the Los Angeles 2002 pileup that involved 216 vehicles, […]

Stocks moved sharply lower during trading on Thursday, largely offsetting the substantial rebound seen over the two preceding sessions. With the steep drop on the day, the tech-heavy Nasdaq slumped to its lowest closing level in well over a month. The major averages climbed well off their worst levels late in the session but remained firmly negative. The Nasdaq plunged […]

While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per […]

Today would have been Marvel Comics leader Stan Lee’s 100th birthday. To celebrate, Disney+ has announced that an original documentary on the man will arrive at some time in 2023. Lee died at age 95 in 2018. He was the cocreator of Spider-Man, the Avengers, the X-Men, the Hulk and the Fantastic Four, among many others, and his cameos in […]

Only NIIF has stayed the course as a viable infrastructure financing institution. Started in 2015, the National Investment and Infrastructure Fund Limited (NIIF) was India’s first stab in creating a sovereign fund, so commonplace among the commodity-rich nations of Asia. With the Budget for FY24 expected to push the envelope on building infrastructure to keep the economic growth momentum going, […]

Hospira, Inc., affiliated to Pfizer Inc., is recalling one lot of Vancomycin Hydrochloride Injection, USP 1.5g/vial, citing the presence of visible glass particulates, the U.S. Food and Drug Administration said. Vancomycin Hydrochloride is an antibiotic indicated for the treatment of serious or severe infections caused by susceptible strains of methicillin-resistant staphylococci. It is effective in the treatment of staphylococcal endocarditis, […]

After closing lower for four consecutive sessions, stocks may see further downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent. Concerns about the economic outlook may continue to weigh on Wall Street amid worries aggressive interest rate hikes by the […]