BlackRock Inc. closed-end fund holders are being urged by an influential proxy adviser to reject efforts by activist hedge fund Saba Capital Management to terminate the firm as manager of two funds overseeing about $2 billion. Still, in reports released late Monday, Institutional Shareholder Services recommended supporting Saba’s board nominees […]
Michael Dell is on a selling spree. The chief executive officer of Dell Technologies Inc. intends to sell 10 million shares worth $1.3 billion, according to a regulatory filing dated June 6. Combined with shares worth $1.6 billion he and the Michael & Susan Dell Foundation unloaded earlier this year, […]
The shares of CoreCivic Inc. are plummeting after US officials moved to close a costly facility used to detain migrants in Dilley, Texas. CoreCivic, which leases the facility and the site from a third-party lessor, saw its stock slide as much as 27% Tuesday, after US Immigration and Customs Enforcement […]
Crude oil prices edged higher on Tuesday, June 11, after the Organisation of Petroleum Exporting Countries (OPEC) stuck to its forecast for relatively strong growth in global oil demand in 2024. Investors waited for the outcome of the US Federal Reserve’s policy decision, due on Wednesday, June 12, as it […]
World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, […]
Apple Inc. stock climbed more than 5 per cent to hit a record high in morning session on Tuesday, following its long-awaited AI strategy, presented at its annual developer conference WMDC. At 11:11 am EDT, the Apple stock was at $202.91, higher by $9.78 or 5.06 per cent. Milestone Alert! […]
NMDC Share Price: NMDC Ltd is well-positioned to leverage strong volume growth in the domestic steel markets over the coming year, with the mining business anticipated to achieve a compound annual growth rate of approximately nine per cent from FY24 to FY26E. On the back of NMDC’s strong operational capacity, […]
Domestic brokerage firm JM Financial said in a new report that it is anticipating that two stocks will be added to the Nifty50 index while two others will be removed in the coming weeks. The NSE indices rebalancing announcement is scheduled for August, and the changes will take effect on […]
US stocks declined on Tuesday as investors await crucial inflation data and the Federal Reserve’s policy decision. The consumer price index (CPI) report for May and the conclusion of the Fed’s two-day policy meeting will be announced on Wednesday. As of 10:01 a.m. Eastern, the Dow Jones Industrial Average fell […]
Following the election verdict, most FMCG shares have seen a jump of up to 10%, attributed to their defensive characteristics and the optimism surrounding improved prospects. A convergence of favorable factors—such as the monsoon-driven rural resurgence, heightened focus on social welfare post election, and margin buoyancy propelled by crude prices—bode […]