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Mumbai: The Reserve Bank of India (RBI) will impose more regulatory curbs on unsecured lending if banks and finance companies do not mend their ways, it said in the Trends and Progress of Banking report published Thursday. The banking regulator also directed boards of lending entities to fix unsecured exposure levels prudently to prevent systemic risks. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping The report also highlighted that banks’ profitability rose for the sixth consecutive year and gross bad loans were at a 13-year low in FY24. Still, the RBI expressed concerns over interconnectedness between lending entities and private credit firms, high attrition among private banks, liberal underwriting standards for top-up loans, and rising cyber frauds. At the same time, it advised banks to fix the KYC gaps and closely monitor gold loans and hinted that it would issue directive to prohibit banks from charging pre-payment penalties on floating rate loans taken by small entrepreneurs. Although banks and finance companies have the discretion to set limits on unsecured exposures, “some entities have fixed very high ceilings, which need to be continuously monitored”, the RBI report said. The regulator's worries stem from the fact that even after it raised risk weightage on unsecured loans in November 2023, unsecured loans still constitute one-fourth of commercial banks' books at the end of March 2024. 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Justifying its stance, RBI said that even though credit growth has dipped, "delinquency levels and leverage warrant enhanced vigil". On top-up loans, the RBI pointed out that lenders often sanction extra facilities to borrowers with minimal processes and due diligence, generously underwrite loans, follow inadequate fund end-use monitoring, and deviate from loan-to-value (LTV) ratios and risk weights. "The RBI will assess the need, if any, for additional regulatory interventions to mitigate the identified risks in cases of other top-up loans," said the regulator. The central bank also warned about malpractices in the digital lending scape wherein "unscrupulous players in digital lending space, who falsely claim association with RE. Enhanced monitoring and transparency are required." To mitigate this risk, the RBI is in the process of setting up a repository of Digital Lending Apps. On the interlinkage between banks, NBFCs and private credit, the RBI said: "Strong interrelationship between them could give rise to systemic concerns along with the possibility of regulatory arbitrage to circumvent regulations." The regulator said close monitoring "is warranted as their reach expands beyond mid-sized corporate borrowers". The RBI said in its last October policy that it would restrict banks from charging prepayment penalties on floating rate loans of small businessmen to "safeguard customers' interest". At present, banks are not permitted to charge prepayment penalty to individual borrowers for purposes other than business. The RBI expressed concerns over high attrition in banks and finance companies, stating that “high attrition poses significant operational risks, including disruption in customer services and loss of institutional knowledge”. KYC GAPS It also directed banks to fix certain gaps in know-your-customer, or KYC processes. "Accounts getting frozen and lack of proactive customer assistance have caused operational inefficiencies and customer grievances," the regulator said. The RBI advised banks to closely monitor gold loan portfolios as it continues to observe irregularities in lending processes. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Fancy Bear 'Nearest Neighbor' Attack Uses Nearby Wi-Fi NetworkThe Associated Press NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn’t just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. 1998 Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. 57 The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. 3 The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. 1,508 That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. $100,000 The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. 26.7% Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. $420 It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. $91.2 billion That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. 74% GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . 1.6%, 3.0% and 3.1% That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. 20.1% This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. 3.73 million That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
Los Angeles Chargers rookie wide receiver Ladd McConkey, listed as questionable due to a shoulder issue, is expected to play Monday night against the visiting Baltimore Ravens, NFL Network reported. McConkey missed practice on Thursday and was limited on Friday and Saturday. Star linebacker Khalil Mack, who was questionable because of a groin injury and was a limited participant, also is expected to play, according to the report. The Chargers (7-3) made several moves Monday ahead of the game against the Ravens (7-4), placing tight end Hayden Hurst (hip) on injured reserve, activating cornerback Deane Leonard (hamstring) off IR, signing cornerback Eli Apple from the practice to the active squad, and elevating linebacker Caleb Murphy and safety Tony Jefferson for game day. McConkey, 23, has started nine of 10 games and has 43 receptions on 63 targets for 615 yards and four touchdowns. The Chargers drafted the 6-foot, 185-pound McConkey in the second round of the 2024 NFL Draft out of Georgia. Mack, 33, is a three-time first-team All-Pro, an eight-time Pro Bowl selection and the 2016 NFL Defensive Player of the Year. He has started the nine games he has played and has 26 tackles and 4.5 sacks this season. For his career, Mack has 617 tackles, 106 sacks, 141 tackles for loss, 178 quarterback hits, three interceptions -- two returned for touchdowns -- 32 forced fumbles and 13 fumble recoveries in 160 games (159 starts). He has played for the Raiders (2014-17), Chicago Bears (2018-21) and Chargers. Hurst, 31, has started two of seven games in his first season with the Chargers. He has seven receptions on 12 targets for 65 yards. A first-round pick (25th overall) by Baltimore in the 2018 NFL Draft out of South Carolina, Hurst has 202 receptions for 1,967 yards and 15 TDs in 86 games (41 starts) for the Ravens (2018-19), Atlanta Falcons (2020-21), Cincinnati Bengals (2022), Carolina Panthers (2023) and Chargers. Apple, 29, has two tackles in three games this season, his first with the Chargers. The 10th overall selection in the 2016 draft, Apple has 383 career tackles and six interceptions in 101 games (82 starts) for the New York Giants (2016-18), New Orleans Saints (2018-19), Panthers (2020), Bengals (2021-22), Miami Dolphins (2023) and Chargers. Leonard, who turned 25 last Tuesday, has four tackles in four games this season. His 21-day practice window on IR opened Wednesday. --Field Level MediaAlyssa Naeher retires: Who will take over in goal for USWNT after USA women's legend bows out? | Sporting NewsLittler, who won the Grand Slam of Darts last week, hit checkouts of 170, 164 and 136 as he threatened to overturn an early deficit, but Humphries held his nerve to win the last three legs. “I’m really, really proud of that one to be honest,” Humphries told Sky Sports. FOR THE SECOND TIME 🏆🏆 Luke Humphries retains his 2024 Ladbrokes Players Championship Finals title, beating Luke Littler 11-7 in the final. pic.twitter.com/QUhxvSbGeu — PDC Darts (@OfficialPDC) November 24, 2024 “I didn’t feel myself this week playing-wise, I felt like I was a dart behind in a lot of the scenarios but there’s something that Luke does to you. He really drives me, makes me want to be a better player and I enjoy playing him. “He let me in really early in that first session to go 4-1 up, I never looked back and I’m proud that I didn’t take my foot off the gas. These big games are what I live for. “Luke is a special talent and he was right – I said to him I’ve got to get these (titles) early before he wins them all. “I’d love to be up here and hitting 105 averages like Luke is all the time but he’s a different calibre, he’s probably the best player in the world right now but there’s something about me that never gives up. “This is a great way to go into the worlds.” HUMPHRIES GOES BACK-TO-BACK! 🏆 Luke Humphries retains his Players Championship Finals title! Cool Hand puts on an absolute clinic to defeat Luke Littler 11-7 in an epic final! 📺 https://t.co/AmuG0PMn18 #PCF2024 | Final pic.twitter.com/nZDWPUVjWE — PDC Darts (@OfficialPDC) November 24, 2024 Littler, who lost the world championship final to Humphries last year, said: “It was tough, missed a few doubles and if you don’t take chances early on, it’s a lot to come back. “I hit the 170 and the 164 but just didn’t have enough in the end. “It’s been a good past two weeks. I just can’t wait to go home, chill out, obviously practice at home for the worlds. That’s it now, leading up to the big one.”UN evacuation in Haiti, police assault stronghold of gang leader ‘Barbecue’
Israel launches new airstrikes on Lebanon as leaders draw closer to ceasefire with HezbollahQatar has effectively deployed IoT networks in various sectors, including education, retail, and transportation, demonstrating the country’s positive impact on sustainability initiatives, an official of Vodafone Qatar has said. According to Simon O’Rourke, Consumer Business Unit director, Vodafone Qatar is working to support sustainable digital growth in line with Qatar’s environmental goals. “Developing and using digital technologies in an environmentally and socially responsible way is vitally important to us,” O’Rourke told Gulf Times in an exclusive interview. He said, “As a leading provider of telecommunications, we take a digital-first approach to sustainability, recognising that improved technology and greater access to data, combined with increased collaboration, can help shift the dial.” O’Rourke explained that the Vodafone app's new look and the company’s world-first Instant SIM have enhanced the digital lives of consumers in Qatar. “The Instant SIM enables users to connect without the need for Internet and without having to visit a physical location, is a great example of how Vodafone Qatar is encouraging people to think about their environmental impact, how they can minimise the resources they use, and also how they can make best use of their own time,” he further said. O’Rourke said Vodafone Qatar is also pioneering in other innovations, including the Internet of Things (IoT), which he described as a “game-changer in energy consumption management” and can help reduce the environmental footprint of houses, cities, and businesses across Qatar. IoT refers to a network of connected machines, such as vehicles, thermostats, lighting, electricity, and water supply, that can collect and exchange data through sensors to help monitor and optimise consumption, O’Rourke said, adding that smart energy monitoring is one of the most effective ways that IoT can positively impact a city. He noted that Vodafone Qatar has launched “some of the fastest and most efficient Internet services ever seen in the Middle East, so fast that they require less electricity and therefore can play a crucial part in moving towards more sustainable operations for businesses.” “Last year, we created the Middle East’s first smart ‘Gigacity’ in Msheireb, Doha, in collaboration with Nokia, through the provision of its super-fast 25Gbps fibre network. “This was followed by the launch of Vodafone Qatar’s groundbreaking Giga Home offering, which uses ‘Gigabit only’ speeds that are nearly ten times faster than average,” O’Rourke also explained. He also emphasised that Vodafone Qatar is addressing data privacy and security concerns within the context of increased connectivity and data usage. According to O’Rourke, the digital landscape is evolving rapidly and as such, privacy and security have been at the top of Vodafone Qatar’s agenda for a number of years. “We were proud to be the first telecommunications operator in Qatar, and the region, to be awarded the prestigious ISO 27001:2013 certification by the British Standards Institution, back in 2017, demonstrating the strength of our information security management systems and operations. This accreditation has been renewed numerous times over the past eight years. “What’s more, we know that our customers want absolute control over their security, as well as control over who can contact them, and for this reason, we were delighted to launch the new International Call Block (ICB) service which means that via the new-look My Vodafone app, customers can block nuisance international calls at the touch of a button,” he said. O’Rourke pointed out that Vodafone not only caters to consumers on the security front but also offers enterprises in Qatar reliable and secure features that protect data on mobile devices, laptops, and networks. This ensures business continuity and reduces the risk of breaches, ultimately helping to minimise potential commercial losses and safeguard business integrity in the market, he said. Only recently, Vodafone Qatar announced new plans that cater to the specific needs of its customers, including the country’s burgeoning expatriate population. “When you consider that around 80% of Qatar’s population is made up of expatriate workers, who hail from all over the world, including a large proportion from Southeast Asia, it’s clear that our products and solutions need to be designed with their needs in mind. “With the launch of these new plans, we have listened carefully to what they have told us, to bring the best of what is available in the region, and indeed the rest of the world, together in a new suite of products,” he said. O’Rourke said: “When living away from loved ones, it’s important that our customers have control over how they use their data; offering dedicated social media data on our postpaid plans means people can use platforms, such as Instagram and Facebook to update family at home without impacting the cost of international calls back home to family and friends. “What’s more, unlimited local calls also means that expats can enjoy absolute peace of mind that those everyday local conversations are not incurring any charges, leaving them free to use their data for international calls.” Aside from the ICB feature that allows users to screen unwanted foreign calls, giving them complete control and peace of mind, O’Rourke said the new Mute Service makes it easy to manage unwanted calls when customers are unavailable, which can be particularly useful for those who speak to people across a variety of time zones. “Once enabled, those trying to reach a customer will be notified of their unavailability, whilst customers will still be able to make and receive calls. Such innovative safety and security features are integral in enhancing the overall connective experience,” O’Rourke added. Related Story QCAA holds training programme for 3rd batch of Egyptian air traffic controllers QNL explores strategies to support language development among childrenCaskCartel.com Offers the Original 2024 Bourbon & American Whiskey Advent Calendar for $25 OffThe neutrino frontier: How tiny particles could answer big questions about the cosmos
Wheel of Fortune’s most prized tradition is the bonus round, where each episode’s winner is faced with one last puzzle and a mere 10 seconds to come away with an even bigger bundle of cash (or not). But fans want a word with host Ryan Seacrest about how he’s presenting the prizes after giving a puzzling amount of build-up to a player’s $40,000 win. On Friday, November 22’s episode, Brittany Brock, a kindergarten teacher from Chicago, Illinois, was the player to proceed to the coveted bonus round. By then she had won $17,300 in cash, a trip to Kauai, and selected “Living Thing” as her category. With the savvy additional letters of “DPBI” the two-word puzzle read as, “‘_ _ DDL_’ ‘P_PP_'”. Near-instantly, she correctly solved it as “Cuddly Puppy.” The broadcast cut to Seacrest and an excited Brock, and it was time to reveal how much she won from the prize wedge she picked. Seacrest opened the gold prize card and glanced at the figure. “And...” he told her with a surprised grin (below). After a few seconds he added, “Ready?” Broke clasped her hands over her mouth in anticipation as Seacrest then revealed she won an extra $40,000, the least one can win in the bonus round. “$40,000!” he exclaimed. This brought her to a grand total of $57,381 and she was overjoyed nonetheless, embraced her husband. On Social media, many fans celebrated the big win while left wondering why Seacrest presented the prize with such a prolonged rollout that it seemed like a bigger value and as if the confetti was about to overflow onto the Sony Pictures Studios parking lot. “Ryan acting like it’s $75,000 or $100,000 with the slow way he shows the amount,” one fan wrote when the game show shared the clip to YouTube. Over on the WoF Reddit, a fan dedicated a discussion thread to the moment titling it, “Bonus Reveal... lolz.” They continued, “I like Seacrest, but gotta admit, I’m not a fan of the dramatic 40K reveals lol.” “Agreed...” a second user wrote, arguing that a contestant in the future could be “disappointed” it’s not more. “The Mrs. and I commented on that last night. He presents it like it’s something more than the minimum prize amount! One of these days, the contestant is going to react disappointedly.” A third wrote, “He also contorts his body awkwardly and bounces around to just flip the card open. Then says ‘it was this much’ as if he can’t say the amount. Kind of weird. But the lack of higher amounts lately is noticed. I’m glad it’s been all cash so far. A lot of the cars prior were 30k, which is nice, but they were lowest prize.” Chuck Woolery Dies: Former ‘Wheel of Fortune’ and ‘Love Connection’ Host Was 83 “I agree, feels like he’s forcing it,” wrote a fourth. A fifth was even more critical, “I’m sorry I know a lot of people are going to get mad at me but I just don’t like him. There’s something about him, that I just don’t enjoy watching him in anything at all.” Meanwhile , Seacrest, of course, had huge shoes to fill replacing the legendary Pat Sajak alongside the iconic Vanna White after four decades for Season 42. His debut month was the strongest ratings month for WoF in the past three years, and viewers were already treated to a viral moment (via a round of sausage) . That said, there have been some other questionable moments according to fans. In September, Seacrest suffered what fans dubbed his “first blooper” , involving a prolonged reaction to rewarding a bonus round. Fans also called out the host for ruling against another player before the timer was up. There have also been a few on-screen “glitches,” and a minor spelling error in a Thanksgiving puzzle . Many fans also blamed a lack of experience on Seacrest’s mishandling of a contestant’s $1million wedge, which she instantly forfeited. Wheel of Fortune , Weeknights, Check your local listings More Headlines: ‘Outlander’: Richard Rankin Teases ‘Shock After Shock’ for Roger & Buck’s Season 7 Adventure ‘Countdown’: Jensen Ackles Shares Look at Filming New Prime Video Show (PHOTOS) Courtney B. Vance Is ‘Percy Jackson’s New Zeus: See His Tribute to Lance Reddick ‘Wheel of Fortune’ Fans Beg Ryan Seacrest to Change His ‘Forced’ Bonus Round Move ‘The Boys’ Season 5 Begins Filming & Everything Else We Know About the Final ChapterThe Conservatives have called on Sir Keir Starmer to reject an international arrest warrant issued for Benjamin Netanyahu as they accused the Government of holding a “nonsensical” position on the issue. In a letter to the Prime Minister, shadow foreign secretary Dame Priti Patel and shadow justice secretary Robert Jenrick claimed the decision by the International Criminal Court (ICC) had “no proper basis in international law”. They said the UK’s refusal to explicitly say whether or not the Israeli premier would be detained if he arrived in the country “opens the farcical spectre of your Government trying to sanction the arrest” of an ally to Britain. Criticising the ICC warrant, the shadow ministers said: “It is hard to escape the conclusion this is an activist decision, motivated by politics and not the law.” They argued the court was established to pursue cases in instances where countries do not have robust and independent judiciaries, which could not be said of Israel. “The UK Government’s response to the decision has been nonsensical,” they said. “On Friday, the Home Secretary refused to say whether Mr Netanyahu would be detained if he travelled to the UK. “This opens the farcical spectre of your Government trying to sanction the arrest on UK soil of the leader of an ally of the UK, while you continue a diplomatic charm offensive with the Chinese Communist Party leader Xi Jinping. “It falls to you to clarify the Government’s position – now. The Government must make clear that it does not support an arrest warrant being issued which has no proper basis in international law.” Downing Street on Friday indicated that Mr Netanyahu could face arrest if he entered the UK, refusing to comment on “hypotheticals” but saying Britain would always follow its “legal obligations”. The International Criminal Court Act 2001 states that a Secretary of State must, on receipt of a request for arrest from the ICC, “transmit the request and the documents accompanying it to an appropriate judicial officer”. Asked whether the UK would comply with requirements under the Act, Sir Keir’s spokesman said: “Yes, the Government would fulfil its obligations under the Act and indeed its legal obligations.” The ICC has issued a warrant for Mr Netanyahu and his former defence minister Yoav Gallant over alleged war crimes in Gaza. Number 10 previously said the domestic process linked to ICC arrest warrants has never been used to date by the UK because no-one wanted by the international court had visited the country. It added that Israel remained a “key partner across a range of areas”. The Prime Minister’s official spokesman said: “It is important that we have a dialogue with Israel at all levels to reach the ceasefire that we all want to see, to bring an end to the violence, to protect civilians and ensure the release of hostages.” The ICC also issued a warrant for Mohammed Deif, head of Hamas’s armed wing, over the October 7 2023 attacks that triggered Israel’s offensive in Gaza. A domestic court process would be required before Mr Netanyahu faced arrest if he set foot in the UK. The ICC said there are “reasonable grounds to believe” Mr Netanyahu and Mr Gallant were responsible for “the war crime of starvation as a method of warfare, and the crimes against humanity of murder, persecution and other inhumane acts”. The court’s pre-trial chamber also found “reasonable grounds to believe that Mr Netanyahu and Mr Gallant each bear criminal responsibility as civilian superiors for the war crime of intentionally directing an attack against the civilian population”. The impact of the warrants is likely to be limited since Israel and its major ally, the US, are not members of the ICC.Leederville’s new takeaway has fine-dining DNA and nostalgia in spades
Influential people who died in 2024Kendrick Lamar is rapping about some bad blood. With the surprise Nov. 22 release of his sixth album GNX , the "Not Like Us" rapper addressed the controversy surrounding his upcoming performance at the 2025 Super Bowl Halftime Show . Kendrick was announced as the headliner in September, but many fans assumed that rapper Lil Wayne would be chosen since the game was being held at Caesars Superdome in the "Lollipop" emcee's hometown of New Orleans. In fact, Lil Wayne expressed his "hurt" over the perceived snub, sharing in a recent Instagram video, "I blame myself for not being mentally prepared for a letdown and for just automatically, mentally putting myself in that position." On the song "wacced out murals," Kendrick alluded to the incident, rapping, "Used to bump Tha Carter III, I held my Rollie chain proud / Irony, I think my hard work let Lil Wayne down / Whatever though, call me crazy, everybody questionable / Turn me to an E sk---, I drew the line and decimals." He also addressed the controversy more specifically in the following verse, saying that very few of his fellow musicians had reached out to him. "Won the Super Bowl and Nas the only one congratulate me / All these n----s agitated, I'm just glad they showin' they faces," he continued. "Quite frankly, plenty artists, but they outdated / Old-ass flows, tryna convince me that you they favorite / This is not for lyricists, I swear it's not the sentiments." Kendrick's upcoming Super Bowl show will be the second time he's performed at the sporting event. He joined headliners Dr. Dre , Snoop Dogg , Eminem and Mary J. Blige for the 2022 Halftime show . And when the Pulitzer Prize-winning rapper was announced to return to NFL's biggest stage earlier this year, he told E! News in a statement, " Rap music is still the most impactful genre to date. And I'll be there to remind the world why. They got the right one." Lil Wayne has not publicly responded to Kendrick's song, though he previously said that not being chosen as the 2025 Super Bowl performer made him "feel like s--t." "I feel like I let all of y'all down for not getting that opportunity," the "Love Me" rapper added to fans in his Instagram video. "But I'm working on me, and I'm working. So thank you."