Eurofins Scientific SE plunged the most in more than two decades after the laboratory-testing company was targeted by Carson Block’s Muddy Waters Research. The shares fell as much as 25% in Paris trading, the steepest intraday decline since August 2003. The tumble wiped about €2.3 billion from Eurofins’s market value […]
Stocks struggled to gain traction as an almost $400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather. While several industries outside the technology world advanced on Monday, Nvidia extended a three-day rout to more […]
Bank of Canada Governor Tiff Macklem reiterated that the country’s economy is headed for a soft landing, saying he expects the unemployment rate to rise but that a large increase isn’t needed to achieve the inflation target. On Monday, Macklem said Canada’s unemployment rate — which hit 6.2% in May […]
Oil prices rose slightly as expectations of robust summer fuel demand and escalating geopolitical tensions offset the impact of a stronger dollar, on Monday. Brent futures for August delivery increased by 53 cents to reach $85.77 per barrel, marking a 0.6% gain, as of 11:38 a.m. EST (1538 GMT). Meanwhile, […]
Allied Blenders & Distillers Limited on Monday said the company has raised nearly ₹449.1 crore from anchor investors ahead of its initial public offering (IPO) on Tuesday, June 25. According to an exchange filing, the liquor manufacturing company allocated 1,59,82,206 shares to anchor investors at ₹281 per share. Nippon Life […]
Shares of listed holding companies such as Pilani Investment and Industries Corp., Kalyani Investment Co. and Nalwa Sons Investments jumped as much as 20% on Monday, following a regulatory move that is expected to aid price discovery and increase liquidity. Holding companies typically hold various investments, including shares of other […]
Indian stock market: Market indices Sensex and Nifty closed with slight gains on Monday, June 24. The Sensex started the session at 76,885.65, down from its previous close of 77,209.90 and finally concluded the day with a gain of 131 points, or 0.17%, closing at 77,341.08. The Nifty 50 began […]
Nvidia Corp. stock continued its decline for the third straight session on Monday dragging on the Nasdaq. At 11:02 am EDT, the Nvidia stock was at $120.08, down $6.49 or 5.13 per cent. On Friday, the stock had ended at $126.57. The chip maker’s stock is falling mainly on profit […]
Raghuram Rajan, former governor of the Reserve Bank of India (RBI), on Monday warned of fake videos circulating on several social media platforms falsely claiming to feature investment advice given by him. He also urged investors to disregard these fake videos where he has touted specific stocks and investments. Rajan, […]
World’s biggest cryptocurrency Bitcoin witnessed a downturn of over 3 per cent on Monday, falling to $61,000 level. Losses are mounting in the crypto market following its second-worst weekly decline of 2024, driven by waning demand for Bitcoin exchange-traded funds and uncertainty surrounding monetary policy. As of 11:44 a.m. on […]