The sharp surge in investment accounts (folios) in midcap and smallcap mutual funds (MF) in recent months is likely driven by the do-it-yourself (DIY) investors. In the first five months of the present financial year (FY 2024), net folio additions in direct MF plans (4.5 million) has outpaced that in regular plans (3.9 million), contrary to the trend seen in […]

For decades, helicopters have played a pivotal role in modern U.S. military operations, offering vital air support, troop and equipment transport, and fulfilling diverse functions on the battlefield. (See, this country has the most attack helicopters.) To identify all of the helicopters in active service in the U.S. military, 24/7 Wall St. referenced the 2023 report, World Air Forces, from […]

Thousands of people enjoy thrilling vacation pastimes like white-water rafting, mountaineering, surfing, and scuba diving; and most of them make it home with a story and some great photographs. Unfortunately, however, some daring tourists lose their lives in tragic accidents at popular tourist attractions.  In order to find the most dangerous tourist attractions on Earth, 24/7 Tempo consulted travel sites […]

The price of a box of Girl Scout cookies is about to rise from the $5 price this year to $6 next year. A report from CNN says this will cover prices from January to April next year. It is hard to say if this will dent sales, but the chances it will are likely. (Customers are abandoning these 25 […]

Sen. Dianne Feinstein, the Democratic powerbroker who served California and her political party for more than 30 years, died Thursday night, her office has confirmed. She was 90. James Sauls, chief of staff to Sen. Feinstein, released the following statement this morning: “Sadly, Senator Feinstein passed away last night at her home in Washington, D.C. Her passing is a great […]

Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher […]

U.S. benchmark West Texas Intermediate (WTI) crude oil has added nearly a third to its price over the third quarter of this year. The price driver is generally put down to production cuts by Russia and Saudi Arabia. In the past, when the Organization of the Petroleum Exporting Countries (OPEC) or the expanded OPEC+ raised prices, U.S. shale producers ramped […]

In the old days, Apple Inc. (NASDAQ: AAPL) would say how many iPhones it sold in the days after the launch of a new generation. The announcements went on for days and sometimes weeks. They became the primary driver of the stock price during those periods. (These are the biggest product flops of the past decade.) Alas, those days are […]

Following the sell-off seen late in the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 0.9 percent. Concerns about the outlook for interest rates may continue to weigh on Wall Street following […]