The Sensex closed Wednesday trading up 1.11% and the Nifty 50 was up 1.27%. Mint cited the head of retail research at Motilal Oswal Financial Services, Siddhartha Khemka, who said: Global factors & headwinds are likely to persist which could continue to impact Indian markets over the next few days. Nifty saw a relief rally,…
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Pre-tax profit climbed to $3.1bn for Q3, following the $134m loss posted last year. This quarter was the first time the Disney streaming business has returned a profit, with the successful Inside Out 2 movie contributing to a strong quarter. A big jump in operating income for the company’s entertainment division saw it reach $1.2bn,…
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Media reports indicated that profits from its Chinese portfolio companies, which include ByteDance, balanced losses from organisations such as AutoStore and Symbotic (SYM). Overall, its Vision Fund division recorded a loss of 204.3bn JPY compared to its profitable status in the same quarter in 2023. This, however, includes administrative costs and the investment ups and…
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The company’s recent acquisitions include CDI Société Cotonnière de Distribution and Gain Capital Holdings. According to StoneX’s records, its non-taxable gain from the first acquisition was $23.5m for the nine months leading up to 30 June 2023. In its media statement, StoneX CEO Sean O’Connor said: We achieved record net operating revenues this quarter as…
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The details were revealed on Tuesday, as the South Africa-born billionaire declared in a social media post that X was going to war after two years of trying for peace. He claims the Global Alliance for Responsible Media (Garm) has conspired against X with members like Mars and Unilever. Don’t miss out the latest news,…
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Carry trading occurs when investors borrow at low interest rates and invest in assets with higher returns. Weak US economic data triggered a stock plunge, which may prompt the US Federal Reserve to cut interest rates in an attempt to stem a recession. CNBC quoted a note from TS Lombard analysts, which read: The natural…
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According to this leading derivatives marketplace, the Purdue University/CME Group Ag Economy Barometer Index increased by eight points, the Index of Current Conditions by 10 points, and the Index of Future Expectations by seven points. Although the Eastern Corn Belt soybean and corn prices fell by 11% and 5% respectively, farmer sentiment is positive. High…
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Judge Amit Mehta produced a 286-page ruling that gave the US government its first significant antitrust win against the tech industry in close to two decades. Key to the decision was the ruling that Google has paid $26bn to ensure that its search engine was placed on smartphones and web browsers as the default option.…
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Both the Nikkei 225 and TOPIX plunged by more than 12%. Benchmark indexes, which attained a record high on 11 July 2024, lost more than 20%. CNBC indicated that the Nikkei’s 12.4% decline was its worst day since ‘Black Monday’ in 1987. TOPIX fell by 12.23%. The Nikkei lost all financial traction gained since the…
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Energised by artificial intelligence (AI) and its future possibilities, the stocks of companies such as Apple, Microsoft (MSFT) and Tesla (TSLA) experienced prolonged rallies. A Reuters report indicated that Apple, Tesla, Alphabet (GOOG) , and Amazon (AMZN) shares dropped by more than 4%. Nvidia (NVDA) fell by 7% and Microsoft and Meta Platforms (META) by…
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