Asian stocks tank after US data fans recession fears
Trading boards showed a sea of red following another hefty day of losses on Wall Street, where heavyweight tech firms including Amazon and Microsoft took the brunt owing to worries an AI-fuelled rally this year may have been overdone.
Is Japan ready for a ‘world with interest?’
A country that has known nothing but easy money for a generation will have to adapt
Israel stocks plunge on global market selloff and Iran threat
The benchmark TA-35 stock index fell as much as 2.7%, the most in a week, before slightly paring losses to be down about 2.5% at shortly before 1 p.m. local time. The Tel Aviv Stock Exchange is closed Friday and Saturday.
Buffett's Berkshire trims BofA stake further by $3 billion in July
Despite the stake reduction, Buffett's Berkshire still holds shares worth $39.5 billion at Monday’s price.
Budget 2024: Could the Defence Outlay Be Bumped Up?| Which Stocks Stand to Benefit With Govt's Push?
Donald Trump wants to bring corporate tax rate to as low as 15% if elected as US President
In addition, Trump said he could consider appointing JPMorgan’s CEO Jamie Dimon as the secretary of the Treasury and won't ask Jerome Powell to step down as the US Fed chair before his term ends
Trump Media stock surges 70% in pre-market after assassination attempt
The stock rocketed 67.32 percent at in pre-market trading, selling at $51.66 apiece
Haven rush, ‘Trump trades’ on investor minds after shooting
Assets linked to the so-called Trump trade range from the dollar to Treasuries to the shares of private prisons, credit-card companies and health insurance firms.
S&P 500 and Nasdaq notch record highs; chipmakers climb
Nvidia rose nearly 2%, Intel rallied over 6% and Advanced Micro Devices added 4%, lifting the Philadelphia semiconductor index 1.9%.
Wall Street indexes end higher, helped by Tesla, megacap growth stocks
Wall Street's main stock indexes rose on Tuesday, led by Tesla and megacap growth stocks, despite thin trading ahead of the July Fourth holiday and upcoming June nonfarm payrolls data on Friday. The JOLTS report showed increased job openings in May but also a rise in layoffs, highlighting economic uncertainty.
Moneycontrol Pro Panorama | The RBI Governor’s gambit
In this edition of Moneycontrol Pro Panorama: RBI warns of headwinds for microfinance sector, US keen to revisit international trade rules, what's troubling central government's capex, Teesta treaty now a lost cause time for Bangladesh, and more
Business in the Week Ahead: June 24-28
Atleast two new IPOs will open for subscription. Central government expenditure (budget balance) and money supply are the other data points to track.
Business in the Week Ahead: June 3-7
General election results, RBI interest rate decision, passenger vehicle sales and monsoon progress are the key events, data to track
Wall Street tests market fallout of a Trump-Biden rematch
Futures on the VIX Index — known as the fear gauge — show traders are already preparing for the risk of stock-market swings around the November vote.
Business News: Goldman Sachs ups India 2024 GDP forecast | Glenmark Pharma hits 52-week high
At close on May 27, the Sensex was down 19.89 points at 75,390.50, and the Nifty was down 24.65 points at 22,932.45.Proxy advisory firm Institutional Investor Advisory Services (IiAS) has advised investors to vote against ITC's proposed scheme of arrangement for the demerger of hotels business into ITC Hotels and much more. Watch to know.
Business News: Nifty scales 23,000 mark in 88 sessions; Hindalco net profit rises 31%
Hindalco Industries reported a 31.6 percent year-on-year rise in consolidated net profit at Rs 3,174 crore for the March quarter from Rs 2,411 crore a year ago, helped by robust sales and low input costs across business segments. Market fails to hold record highs as it hit intra-day with Nifty ending below 23,000. Nifty hit intra-day record high of 23,026. Watch to know more.
Ether gains 60% in 2024 | Are Cryptocurrencies gaining momentum over Ether ETF approval?
On Tuesday, Ethereum was poised for its largest two-day surge in almost two years, driven by speculation over the outcome of U.S. spot exchange-traded fund applications for the world's second-largest cryptocurrency. Ether increased by over 8% to nearly $3,780, following a nearly 14% jump on Monday. Bitcoin also saw gains, now just 4% below its March peak of over $73,800.
Weekly Highlights | Politics, business, sports & entertainment | News roundup May 13-May 18
Stay updated on the major news events of the week, from Lok Sabha elections phase 5 to Arvind Kejriwal's bail and Amit Shah's remark. Explore global events like Cannes Film Festival 2024. Your comprehensive source for this week's top headlines.
US stock market news: Dow ends above 40K mark for the first time
The S&P 500 and Nasdaq took a breather on May 17 after a weeks-long rally underpinned by hopes for interest rate cuts, but the Dow closed above 40,000 mark for the first time to end the fifth week of advances in a row. Watch to know more.
Dow Jones industrial average crosses 40,000 levels for the first time on rate cut hopes
The Dow Jones industrial average crossed the 40,000 level for the first time on May 16 as the world stock index scored a third straight record intraday high on hopes of U.S. interest rate cuts and strong earnings. The Dow rose as high as 40,051.05 while the S&P 500 and Nasdaq also hit record highs in early New York trading before slowly losing steam and finishing slightly lower on the session
GameStop surges over 150% in pre-market trading as meme stock mania returns; short sellers may lose up to $2.5 bn
The video game retailer’s stock witnessed heavy volatility in pre-market as price fluctuated between gains of 100 percent to a peak of 160 percent
Business in the Week Ahead: May 6-10
Central banks of Australia and UK will take a call on the direction of interest rates. Three IPOs are scheduled to open for subscription. Final PMIs and earnings are other key data to track
Morgan Stanley Asia private equity unit to reorganise as CEO retires
Morgan Stanley will carve out a China-focused team from the rest of the region that focuses on investments in onshore and offshore China, according to the memo
Oil steady as market weighs US demand concerns, Middle East conflict risks
Brent crude futures edged up 9 cents to $88.11 a barrel at 0420 GMT, after falling 0.5% in the previous session.
Business in the Week Ahead: April 22-26
Earnings season will gather pace. Flash PMIs, US GDP and Japan monetary policy are the other data points, events to track
