Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic. Beijing said on Monday it would shut businesses and schools in hard-hit districts and tighten rules for entering the city, as infections ticked higher. … Read more
It would be no exaggeration to say that Elon Musk has a complicated relationship with Twitter. Musk’s egregiously public, and ultimately ill-fated, bid to acquire Twitter Inc. had the trappings of a reality TV show. The dramatic twists and turns of negotiating a corporate deal, which are typically confined to the boardrooms, were played out … Read more
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn. After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average … Read more
Mumbai: Shares of NYSE-listed Azure Power Global, an India-focus renewable power company, plummeted 41% in Monday morning trade – its biggest intra-day fall since its 2016 listing – after the company announced Harsh Shah has resigned as the CEO of the company within two months of joining. Shah had succeeded Ranjit Gupta as chief executive … Read more
U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors were still assessing Wednesday’s minutes from the Federal Reserve‘s July meeting, which they initially saw as supporting a less aggressive stance by the central bank. But the … Read more
U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve’s meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September. Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive, before they returned … Read more
How far can you go to hedge your portfolio from unseen risks? An NRI money manager, who runs a US-based hedge fund, has diversified even in paintings, vintage wine, sneakers and dollar bills signed by none other than Warren Buffett and Charlie Munger. “We want to offer a way for investors to invest in things … Read more
Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the looming earnings season. The S&P and the Nasdaq fell about 2% and 3% respectively, with Apple Inc, Microsoft Corp and Amazon.com weighing the heaviest. The blue-chip Dow shed about … Read more
Wall Street’s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn. All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly … Read more
Mumbai: Anil Agarwal led-Vedanta Ltd will delist its American Depository Shares from the New York Stock Exchange to terminate its ADS program, which represents 4 per cent of the Company’s equity. Upon delisting, the company “will concentrate” all trading of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of India … Read more