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Jim Chanos says the notion that the Fed will always bail out the stock market is dangerous

James Chanos and Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019.Adam Jeffery | CNBCShort-seller Jim Chanos said the belief that the Federal Reserve will always rescue the stock market from steep losses is reckless for investors."The idea of a Fed put and

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Reserve Bank of India imposes penalties on 8 cooperative banks

Reserve Bank of India (RBI) on Monday said penalties have been imposed on eight cooperative banks for deficiencies in their regulatory compliances. A penalty of Rs 4 lakh has been imposed on The Associate Co-operative Bank Ltd, Surat (Gujarat) for contravention of directions on 'Loans and advances to directors,

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Stocks making the biggest moves in the premarket: Kohl’s, Snap, Peloton and more

Take a look at some of the biggest movers in the premarket:Kohl's (KSS) – Kohl's soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl's, compared to Friday's close of $46.84 a share. People familiar with

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China’s consumers spent $73.6 billion on luxury goods at home last year, up 36% from 2020

Consumers linger outside a Haikou duty free shop at Riyue Square, Haikou City, Hainan Province, China, on September 2, 2021.Wang Jianfeng | Future Publishing | Getty ImagesBEIJING — Chinese consumers are spending more on luxury goods at home, even if they can't easily travel abroad due to pandemic-related restrictions,

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FSS-assisted model through ‘Smart Cash’ to reach 1000 villages by March

FSS is looking to expand its assisted model through its 'smart cash' operations to 1000 villages with over 2000 people by March. FSS Smart Cash is a multipurpose kiosk which will help consumers avail cash and other financial services using Grameen Pay which is an app for rural banking. "The

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JM Financial Asset Reconstruction Company allowed to substitute Bank of India as petitioner

A dedicated bankruptcy court has allowed JM Financial Asset Reconstruction Company (ARC) to substitute the original petitioner in a plea seeking admission of National Steel & Agro Industries (NSAIL) under the Corporate Insolvency Resolution Process (CIRP). BSE-listed National Steel & Agro owes about Rs 1,600 crore to its lenders.

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