S&P dips on worries about earnings, data, stimulus and delaying the presidential election

The S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture on a crucial day for corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the U.S. presidential election. The main earnings focus on Thursday was on reports from high-flyers including Apple Inc, … Read more

Zuckerberg, Bezos, Sundar Pichai and Tim Cook getting heat from US Cong on competition

WASHINGTON: Four Big Tech CEOs, Facebook‘s Mark Zuckerberg, Amazon‘s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple, are set to answer for their companies’ practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. The powerful executives are set to defend their companies as buttressing … Read more

Expect a Jio like monetisation in Reliance Retail too: Daljeet Singh Kohli

Probably it is time for Reliance to cool off a bit and that will be good for a bigger run in the future. If it cools off, that will be the right opportunity to buy this stock. One should definitely look at it then, says the Valentis Advisors Fund Manager. After an action-packed week, it … Read more

Amazon stock had its worst week since February

Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon posted its fifth straight day of losses Friday, making it the worst week for the stock since late February.  Shares traded 1.26% lower on Friday, and closed down 7.44% for the week. Heading into the week, Amazon had posted 10 straight weeks of gains, its … Read more

View: How Mukesh Ambani caught tech hub Bengaluru off guard with his Jio plan

Wall Street and Silicon Valley came together, bridging the gap between New York and San Francisco, because the bankers smelt a gold rush in technology upstarts and their impending initial public offerings (IPOs). SynopsisA year down the line, a lot of what was going on in Mumbai has come to the fore, when in April, … Read more

Financial advisory firm tells clients Biden won’t be moving too far left if he becomes president

The presumptive Democratic presidential nominee Joe Biden speaks at McGregor Industries on July 09, 2020 in Dunmore, Pennsylvania. Spencer Platt | Getty Images Financial advisory firm Signum Global Advisors told clients Thursday that it isn’t convinced Joe Biden is going to be as progressive as some may hope if he beats President Donald Trump in … Read more