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Tag: decline

Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Business
March 24 (UPI) -- U.S. markets fell broadly on Wednesday amid a widespread sell-off in tech stocks and the second day of testimony from federal economic leaders. The tech-heavy Nasdaq Composite dropped 2.01%, while the S&P 500 fell 0.55% after having risen as much as 0.8% earlier in the day. The Dow Jones Industrial Average ended the day flat, falling 3.09 points. Advertisement Tech stocks helped to lead the decline on Wednesday as Facebook stock fell 2.92%, Netflix dropped 2.67% and Apple slid 2%. GameStop stock plummeted 33.79% after the company ended a post-earnings conference call on Tuesday as it missed fourth quarter earnings estimates. Airline stocks had rebounded earlier in the day after losses on Tuesday, but ultimately fell flat with United dropping 0.97% and American Airli...
Over 60% Indian consumers ‘newly constrained’; report decline in household incomes: Nielsen

Over 60% Indian consumers ‘newly constrained’; report decline in household incomes: Nielsen

Finance
Over 60% consumers in urban India are “newly constrained”, and have experienced a decline in household income or their financial situation has worsened, leading them to consciously watch what they spend due to the pandemic, a new report by NielsenIQ said on Monday. In urban India, 63% consumers fall within this consumer group and are in the top five across countries surveyed. This is higher than the global average of 46%, the report said, adding that consumers’ circumstances and intentions relative to spending has changed. Four consumer cohorts are driving spends in urban India, with these cohorts adapting new coping mechanisms to manage household budgets as consumption trends shift. “The cautionary spending environment means brands will need to be laser-focused on this group's newly emerg...
Extinction: Freshwater fish in ‘catastrophic’ decline

Extinction: Freshwater fish in ‘catastrophic’ decline

Science
Getty ImagesA report has warned of a "catastrophic" decline in freshwater fish, with nearly a third threatened by extinction. Conservation groups said 80 species were known to have gone extinct, 16 in the last year alone.Millions of people rely on freshwater fish for food and as a source of income through angling and the pet trade.But numbers have plummeted due to pressures including pollution, unsustainable fishing, and the damming and draining of rivers and wetlands.The report said populations of migratory fish have fallen by three-quarters in the last 50 years.Over the same time period, populations of larger species, known as "megafish", have crashed by 94%. The decline of the 'disgusting' burbot' Hedge trimmer' fish facing global extinction'Hedge trimmer' fish facing global extinction'...
Edinburgh aims to become sanctuary for swifts as numbers decline

Edinburgh aims to become sanctuary for swifts as numbers decline

Science
RSPB ScotlandConservationists are hoping to turn Edinburgh into a sanctuary for swifts after a drastic decline in the bird's population.Numbers fell by more than 50% in the UK between 1995 and 2016, when the estimated average population dropped from 125,500 to 59,000. One of the biggest challenges that the species faces is the loss of nesting sites in older buildings, which are often blocked off during renovation work or lost when buildings are demolished.The Edinburgh Swift City Project is asking people to make boxes in a bid to encourage pairs to nest and breed.Residents are also being urged to report any sightings of swift screaming parties - groups of two or more swifts flying at low level while calling loudly, which means they are breeding nearby.RSPB ScotlandHubs are being created al...
Banks’ NPAs decline to Rs 8.08 lakh crore in September 2020 from Rs 10.36 lakh crore in March 2018: Govt

Banks’ NPAs decline to Rs 8.08 lakh crore in September 2020 from Rs 10.36 lakh crore in March 2018: Govt

Finance
New Delhi: Non-performing assets (NPAs) or bad loans of the banking sector came down from a high of Rs 10.36 lakh crore at the end of March 2018 to Rs 8.08 lakh crore at the end of September 2020 due to various initiative of the government, Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday. As a result of the Asset Quality Review (AQR) and subsequent transparent recognition by banks, stressed accounts were reclassified as NPAs and expected losses on stressed loans not provided for earlier under flexibility given to restructured loans were provided for, he said in a written reply. Further, he said, all such restructuring stressed loans were withdrawn. Primarily, as a result of transparent recognition of stressed assets as NPAs, gross NPAs of scheduled commerc...