For the first time in a decade, inflows into equity mutual funds (MFs) decoupled from the past performance of the equity market, as investors continued to pour money into the market unperturbed by lacklustre returns. Inflows into equity funds have remained strong since November 2022 despite a poor one-year return […]

Elon Musk, the founder and CEO of Tesla and SpaceX, as well as the CEO of Twitter, said he is planning to launch his own artificial intelligence or AI venture TruthGPT. In an interview with Fox News, the billionaire also said Twitter was working on a feature that would allow […]

Disney is taking extra precautions across their theme parks globally following the incident at Disneyland where the dragon caught fire during the Fantasmic! show Saturday night. “We are temporarily suspending fire effects similar to those used at Disneyland park’s Fantasmic at select shows and entertainment experiences globally out of an […]

Disney is initiating the second and largest round of its planned layoffs Monday and expects to reach 4,000 of its projected 7,000 staff cuts by Thursday. A staff memo from Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden (read it below) delivered the news, indicating that affected workers would be […]

The U.S. Food and Drug Administration approved Gamida Cell Ltd.’s Omisirge (omidubicel-onlv) cell therapy for patients with blood cancers to reduce risk of infection following stem cell transplantation. Gamida Cell shares gained around 39 percent on Monday’s regular trading. The gain continued in the after hours trading with a further […]

Astronomers using data from NASA’s Chandra X-ray Observatory and other telescopes have identified a new threat to life on planets like Earth: a phase during which intense X-rays from exploded stars can affect planets up to 160 light-years away. However, Earth is not in danger of such a threat today […]

U.S. stocks look headed for a flat close on Monday with investors largely making cautious moves as they await earnings updates from banks and economic data, for more clarity about the state of the nation’s economy. The major averages are all down in negative territory, though with marginal losses. The […]

World military spending increased by 3.7% in 2022, according to a report from the Stockholm International Peace Research Institute released today. The arms control and disarmament research organization noted that by far the largest driver of the global increase was the escalation of tensions in Europe, the result of Russia’s […]

The globe’s population passed 8 billion last year, according to the United Nations, just 11 years after reaching 7 billion. The U.N. projects continued global population expansion in the millions each year, crossing the 9 billion people worldwide in 2037 and peaking at around 10.4 billion in the 2080s.  24/7 […]

When Russia launched its military invasion of Ukraine on Feb. 24, 2022, experts and analysts predicted that Russia, given its perceived military superiority, would prevail and the conflict would be over in a matter of weeks. Russia’s annual defense spending is 10 times that of Ukraine, and its standing army […]