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US stocks fall despite Nvidia boost as inflation concerns weigh
U.S. stocks fell despite Nvidia's strong revenue forecast boosting shares. Economic data on inflation concerns and potential delay in Fed rate cuts overshadowed the market performance.
Nasdaq jumps nearly 1% on Nvidia results cheer, inflation woes drag broader market
The S&P 500 and Nasdaq initially reached record highs, but positive sentiment waned after data revealed a rise in U.S. inflation in May. This concerning news was somewhat offset by reports of increased business activity and decreased unemployment claims, highlighting a complex economic landscape.
S&P 500 closes up, focus on earnings and US interest rates
Minneapolis Fed President Neel Kashkari said the central bank is "not done yet" with inflation although he noted it had come down quickly with three-month and six-month inflation data "basically" at the Fed's 2% goal.
Wall St edges up with earnings, rate-cut expectations in focus
With around half of the S&P 500 companies having reported earnings, 80.4% have surpassed expectations, according to LSEG data last week. Overall S&P 500 earnings are now expected to have risen 7.8% in the fourth quarter from the year-ago quarter.
S&P 500 ekes out another record high as Netflix and chipmakers leap
Riding optimism about Wall Street's most valuable companies, Microsoft hit an all-time high, lifting its market value above $3 trillion for the first time.
S&P 500 hits record high on Netflix earnings, chips' boost
The S&P 500 hit an all-time high for the third time in less than a week, fueling a bull-market run it confirmed on Friday after closing at a record. The blue-chip Dow also surpassed the 38,000-point mark for the second time this week.
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Early stage products Anupam Rasayan's growth molecule
The introduction of new molecules based on complex chemistry has created growth opportunities for the company which caters to the agrochemicals and pharmaceuticals sectors. The company is in the process of launching 10 new molecules each of which may add about ₹15 crore annually to the top line. The company is expected to report ₹150 crore of incremental revenue in FY24. The total new molecule count so far has reached 58 at the end of September.
Antoine Dupont injury update: Will France captain take further part in Rugby World Cup 2023?
France's chances in Rugby World Cup took a severe hit after captain Antoine Dupont suffered a serious injury. French Rugby Federation confirmed that he remains in the squad and will see a specialist.
Global Stock Managers on Guard as China Pain Set to Spread
The mounting worries have sent equity benchmarks in Hong Kong and China to their lowest levels since November, with the Hang Seng Index entering a bear market on Friday. And with the country’s dominant status in the global supply chain, the concerns have also started to hit investor sentiment in Europe and the US, with stock markets in both regions experiencing their biggest pullback since March.
Wall St falls after Fitch downgrades top-tier US rating
Several major brokerages said Fitch's downgrade was unlikely to result in a sustained drag on U.S. financial markets, noting that the economy was stronger than in 2011.
Dow cracks nearly 600 points as banking concerns linger, Fed decision looms
The Dow Jones Industrial Average fell 34.08 points, or 0.10%, at the open to 34,017.62
Anupam Rasayan's likely order win to raise US revenues
This would be the third big order for Anupam in a month taking the cumulative value of contracts to around ₹2,500 crore. With this, the order backlog of the company will cross ₹5,000 crore giving revenue visibility of 5-7 years.
US stock market: Wall Street rallies but trade choppy as investors digest Powell comments
Most sectors on the S&P 500 ended higher. The energy sector the top gainer as crude prices surged more than 3% on Powell's remarks. The technology and communication services sectors were also among top gainers.
Wall Street edges lower ahead of Powell comments
Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that policymakers have backed vociferously
What investors watch out for in emerging markets in 2023
Developing economies are expected to cling to their growth differential over developed peers, but recession fears in the United States as well as Europe are casting a pall over global markets generally - especially in the first half of the year.
Best way to beat the pandemic blues is to be a part of the digital ecosystem: Sandeep Sekhar, C Ahead Technologies
Digital transformation is imperative for any business to fast track its growth, survive, streamline business processes, bring profits, and improve customer satisfaction.
Mahindra Lifespaces appoints Rajaram Pai as Chief Business Officer - Industrial
Rajaram will oversee strategy, planning, development, sales, operations and value creation for the Integrated Cities & Industrial Clusters (IC & IC) business vertical of the company spanning Mahindra World City and ORIGINS developments across India, the company said in a release.
Avery Dennison to invest Rs. 250 crores into new plant, says its India Vice President
The company will add more manufacturing capabilities and set up a new plant in the NCR region, Pankaj Bhardwaj, Vice President and General Manager told ET. The $7 billion company has maintained sales at the same level as last year despite the pandemic.
Apple Car, built by Porsche that debuted for 24-hour race at 1980 Le Mans, up for grabs at $10 mn
The race car bears Apple's initial retro rainbow logo along with the words 'Apple Computer'.
Lessons of 2019: Watching wildlife migration in Masai Mara was 'heartbreaking and humbling' for DuPont India boss
Anupam Jaiswal recalls that his trip to Serengeti was a life-changing experience.
China-US trade tensions had positive impact on UPL: Diego Casanello
We gained market share in the agricultural market this quarter.
ADIA and TPG to partner with UPL Corporation for Arysta LifeScience acquisition
TPG has agreed to invest $300 million for a minority stake in UPL Corporation.
Shapoorji-Allianz JV set to acquire Hyderabad's office space Waverock
Designed by world-renowned architects Pei Cobb Freed & Partners, the 2.5 million sq ft property is jointly owned by Singapore’s sovereign wealth fund GIC Pte Ltd and New York-based developer Tishman Speyer.
Don't allow Union Carbide escape court action, groups urge Prime Minister
The US company, as per criminal laws, will cease to be criminally liable for the tragedy, in which thousands of people lost their lives, after the three-way split, they said.
Jindal Poly Films in talks to acquire European operations of DuPont Teijin Films
If completed, the acquisition will propel the company to the world's largest in a category that's dominated by Chinese conglomerate Kangde Xin Composite Material.
Cycling-Road-Giro d'Italia classification after stage 10
CYCLING ROAD-GIRO D'ITALIA/CLASSIFICATION:Cycling-Road-Giro d'Italia classification after stage 10
Dow Chemical-DuPont merger may impact competition: CCI
For the deal -- which is expected to create the world's biggest chemical and material firm -- the parties had entered into a definitive agreement in December 2015.
How luxury pen makers like Montegrappa, ST Dupont, Mont Blanc are stepping up their presence in India
Various estimates peg the premium and luxury pen market between Rs 250-400 crore.
Goldman Sachs set to cement its grip on Dow Jones
It is Goldman Sachs Group that will see its influence on the 118-year-old gauge solidified, garnering the biggest weighting after a stock split this week by Visa.
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