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Infosys, TCS or a Coforge, Persistent Systems? Why picking IT stocks is more art than science, explains Share.Market expert

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Infosys, TCS or a Coforge, Persistent Systems? Why picking IT stocks is more art than science, explains Share.Market expert

Accenture’s better-than-estimated Q3 revenue estimates initially thrilled global tech watchers but economic uncertainty and shifting US policies are squeezing global tech spending and creating concerns for the tech companies and Indian IT stocks, which often follow Accenture’s cues are reflecting this uncertainty, Mayank Jain, Market Analyst, Share.Market says. In his view, Tier-1 giants like TCS … Read more

Wall Street buoyed by strong economic data, possible US-China trade talks

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Wall Street buoyed by strong economic data, possible US-China trade talks

NEW YORK: Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the U.S. and China. The U.S. economy added 177,000 jobs in April, exceeding expectations, while the unemployment rate held steady at 4.2%. The data helped to assuage concerns … Read more

US stock market: Dow, Nasdaq slip as concerns rise of stricter China COVID curbs

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US stock market: Dow, Nasdaq slip as concerns rise of stricter China COVID curbs

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

How effective are market regulations in controlling manipulations through Twitter

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How effective are market regulations in controlling manipulations through Twitter

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 ends lower, Dow confirms bear market

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Wall Street ends lower, Dow confirms bear market

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

Azure Power CEO quits, stock sinks 41% on the NYSE

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Azure Power CEO quits, stock sinks 41% on the NYSE

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

Wall Street ends higher, Cisco Systems jumps after forecast

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Wall Street ends higher, Cisco Systems jumps after forecast

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

Wall Street ends down, but indexes briefly cut losses after Fed minutes

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Wall Street ends down, but indexes briefly cut losses after Fed minutes

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

Not just stocks! NRI hedging portfolio with vintage wine, sneakers and Buffett-signed notes

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Not just stocks! NRI hedging portfolio with vintage wine, sneakers and Buffett-signed notes

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 stumbles as consumer pessimism stokes growth fears

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Wall Street stumbles as consumer pessimism stokes growth fears

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