View Full Image Graphic: The Economist Look beneath the surface, at individual sectors and firms, and the mood is even wilder. The Philadelphia semiconductor index, which tracks companies in the chipmaking supply chain globally, has fallen by more than a fifth in a matter of weeks. Arm, one such firm, […]
Buy or sell stocks: Following weak global market sentiments, the Indian stock market snapped its five-day winning steak on Friday. The Nifty 50 index crashed 311 points and closed at 24,699. The BSE Sensex tanked 885 points and ended at 80,981, whereas the Bank Nifty index corrected 226 points and […]
Q1 results today: The State Bank of India (SBI) will declare Q1 results today. The PSU bank has already informed the Indian stock market exchanges that the board of directors of SBI will consider and approve unaudited financial results for the April to June 2024 quarter in its board meeting […]
Gold rate today: Following the renewed fear of the US recession and rising tension in the Middle East, the gold price rebounded strongly from the four-month low last week. The gold futures contract on the Multi Commodity Exchange for October 2024 expiry finished at ₹69,792 per 10 gm mark. COMEX […]
Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This […]
Mumbai: Weak global cues snapped the Indian benchmark indices’ five-day climbing streak on Friday, accompanied by fear gauge India Vix rising the most in almost two months, leading to Indian investors turning poorer by ₹4.78 trillion. Displaying signs of rising investor uncertainty amid increasing recessionary fears in the US and […]
US labor growth misses expectations; unemployment rate rises Bets rise for a 50 basis point Fed rate cut in September Consumer Discretionary is worst-hit index Indexes down: Dow 2.26%, S&P 2.4%, Nasdaq 2.8% U.S. stocks tumbled for a second straight session on Friday, with the Nasdaq Composite on pace to […]
DraftKings Inc., a leader in the online sports-betting business, reported second-quarter profit that missed Wall Street estimates and said it plans to implement surcharges for customers in high-tax states like New York and Illinois. The surcharge will roll out Jan. 1 in states including Pennsylvania and Vermont, the company said […]
US retailer J. Crew is feeling out investor interest in refinancing a loan it used to exit bankruptcy four years ago, according to people with knowledge of the matter. Goldman Sachs is pre-marketing a term loan of about $400 million to refinance the debt, said the people, asking not to […]
Aug 2 – Intel shares sank nearly 27% on Friday and were set for their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once dominant global position. The company was set to lose more than […]