After showing a strong move to the upside early in the session, stocks have given back ground over the course of the trading day on Tuesday. The major averages have
Continue reading »Upbeat Earnings News Contributing To Strength On Wall Street
Stocks have moved mostly higher during trading on Tuesday, with the major averages all moving to the upside following the mixed performance seen in the previous session. The Dow and
Continue reading »China economy ‘contagion’ warning after bank’s £576m loss
Standard Chartered’s CFO on bank’s performance Chinese financial “contagion” may spread to the rest of the world after a British bank lost more than £500million “betting big” on the country,
Continue reading »What’s taking the sheen off Sivakasi’s firecracker sales?
A complete ban on firecrackers in Delhi until January 1, the government’s refusal to grant licences for sales in Karnataka, and restrictions in the Noida region are adversely affecting the
Continue reading »Early birds’ Q2 profit soars, top line a worry
The combined net profit of “early bird” companies, those that have declared their quarterly results, rose for the third consecutive quarter in July-September 2023 (Q2FY24). But the figures suggest a
Continue reading »Early birds’ Q2 profit soars, top line a worry
The combined net profit of “early bird” companies, those that have declared their quarterly results, rose for the third consecutive quarter in July-September 2023 (Q2FY24). But the figures suggest a
Continue reading »Asian Markets Track Global Sell-off
The sell-off in the global markets overnight is dragging Asian stock markets mostly lower on Friday, as traders react to an escalation in tensions in the Middle East, and lingering
Continue reading »Powell Says Inflation 'Still Too High,' Warns Of Additional Tightening
Federal Reserve Chair Jerome Powell delivered highly anticipated remarks at an Economic Club of New York luncheon on Thursday, arguing that inflation is “still too high” and warning additional monetary
Continue reading »U.S. Stocks May Lack Direction Ahead Of Powell Remarks
After ending the previous session sharply lower, stocks may show a lack of direction in early trading on Thursday. The major index futures are currently pointing to a roughly flat
Continue reading »HDFC Bank Q2 puts levers in place to undo stock underperformance: Analysts
Weakness in HDFC Bank’s net interest margin (NIM) might have bottomed out in the July-September quarter (Q2-FY24), analysts said on Tuesday, as most of the merger-related one-time adjustments have been
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