French stocks lost about $210 billion in market capitalization this week, about the size of Greece’s economy, following President Emmanuel Macron’s decision to call a snap election. The CAC 40 index erased all gains for 2024. That’s weighed on the pan-European Stoxx 600 benchmark, which had its worst week since […]
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NEW YORK -Oil futures prices edged higher on Friday and were on course for their best week in months, supported by forecasts for solid crude oil and fuel demand in 2024. Brent crude futures were up 12 cents at $82.87 a barrel at 1:34 pm EDT . West Texas Intermediate […]
WASHINGTON, – A federal appeals court on Friday rejected a U.S. Justice Department attempt to revive a lawsuit accusing casino mogul Steve Wynn of lobbying then-President Donald Trump on behalf of China. Wynn, the former CEO of Wynn Resorts and finance chair of the Republican National Committee, no longer had […]
If you want to know why people hate lawyers, just look at the majority’s opinion — which flies in the face of all common sense. One day it will be taught in law schools as the prime example of how literalism is the bane of law — and how conservatives have […]
Adobe shares soared 16 per cent on Friday after the company raised its annual revenue forecast on higher demand for its artificial intelligence-powered software. At 12:24 pm EDT, Adobe shares were at $525.44, higher by $66.70, or 14.54 per cent on the tech-heavy Nasdaq. Milestone Alert! Livemint tops charts as the fastest growing news website […]
Gold prices rose more than 1% on Friday and were on track for their first weekly gain in four as signs of slowing inflation in the U.S. raised hopes of a rate cut later this year, while a stock selloff across Europe also lent support. Spot gold was up 1.2% […]
Markets regulator Sebi on Friday cancelled the certificate of registration of Grovalue Financial Services for flouting regulatory norms. The Securities and Exchange Board of India (Sebi) inspected the matters of Grovalue Financial Services, a Sebi-registered research analyst, from April 2021 to August 2022. The inspection was carried out to verify […]
The NSE benchmark has demonstrated consolidation with a 4.4 per cent up move over the past two months despite significant market volatility during the Lok Sabha elections 2024. ‘’Nifty 50 is trading at 15-year average PE with 14.9 per cent EPS CAGR over FY24-26. Our 12- month base case Nifty […]
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The high court’s conservative majority found that the Trump administration overstepped when it changed course from predecessors and banned bump stocks, which allow a rate of fire comparable to machine guns. The decision came after a gunman in Las Vegas attacked a country music festival with assault rifles equipped with […]