This will mark the second time shareholders have a say on this plan for the chief executive officer’s compensation. The measure easily passed in 2018, but in January a judge in Delaware, where Tesla is incorporated, struck it down, saying that investors weren’t fully informed of key details. Under the plan, Musk was eligible for as […]
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Even some of the most out-of-favor US stocks are being swept up in the latest rally, with the surprisingly cool inflation report rekindling speculation that rate cuts are coming this year. Real estate stocks — dragged down as the higher-for-longer monetary policy storyline took hold — are still the S&P […]
European stocks advanced ahead of a crucial day for markets as the Federal Reserve will provide updated rate projections a few hours after a key US inflation print. The Stoxx Europe 600 Index rose 0.3% at 8:04 a.m. in London. Banks and insurers led the gains, while among individual movers, […]
European stocks rose to a session high after the US reported slower-than-estimated inflation, encouraging traders that the Federal Reserve is likely to lower interest rates later this year, just hours before the central bank provides updated rate projections. The Stoxx Europe 600 Index jumped 1.0% at 1:46 p.m. in London. Rate-sensitive real […]
European stocks rose after the US reported slower-than-estimated inflation, encouraging traders that the Federal Reserve is likely to lower interest rates later this year, just hours before the central bank provides updated rate projections. The Stoxx Europe 600 Index gained 1.1% at the close in London. Rate-sensitive real estate and technology led […]
Brazilian markets sank after President Luiz Inacio Lula da Silva made it clear he’s not considering spending cuts to address growing fiscal concerns, just as his government struggles to get proposals to boost public revenue through Congress. “The increase in tax collection and the decline of interest rates will allow […]
The US Federal Reserve is poised to announce its key policy decision later today, with significant anticipation surrounding the central bank’s timing for potential interest rate cuts for the remainder of the year. In today’s decision, there is a near consensus that the Jerome Powell-led FOMC will maintain the interest […]
The excitement is palpable as BSE-listed companies surge, adding ₹2 trillion in market capitalization today, propelling the total to a record ₹429 trillion. “Most ministers retaining their portfolios signals policy continuity,” remarked Manish Sonthalia, CIO, Emkay Investment Managers. This suggests that pending tasks from the second term will be addressed […]
Apple reclaimed its position as the world’s most valuable company, surpassing Microsoft, on Wednesday. Apple’s shares rose over 2 per cent to $211.75, resulting in a market valuation of $3.25 trillion. In comparison, Microsoft’s market capitalization fell to $3.24 trillion, placing it behind Apple for the first time in five […]
Futures for major U.S. indexes, which were each up a modest 0.1% before the report was released, shot up after the report was made public. Futures for the Dow Jones Industrial Average and the S&P 500 each climbed 0.7% less than an hour before markets opened. Treasury yields fell, with […]