Summary of the Indictment Against Adani and Other Executives Overview of the Indictment Gautam Adani, Sagar Adani, Vneet Jaain, and five other executives have been […]
Category: Finance
Super Micro Computer Faces Nasdaq Delisting After Delayed Filings, 83% Drop in Stock
Super Micro Computer (SMCI), a major supplier of AI servers, has announced it won’t meet the deadline for filing its 10-Q report for the period […]
India’s Economy in a Sweet Spot: Moody’s Projects 7.2% Growth for 2024, Goldman Sachs Sees 6.3% Growth in 2025, Below Consensus
India’s economy is set for strong growth in 2024, with Moody’s projecting a 7.2% expansion, driven by robust household consumption and moderating inflation. The country’s […]
Economy in Charts: Asian Markets Slide as China’s Economic Support Falls Short; Indian Rupee Hits Record Low, Tesla Shorts Lose $5.2B, S&P 500 Hits Best Election Year in 88 Years
Welcome to the 2nd Edition of “Economy in Charts”! This week, we’re diving into key economic trends and updates for the week ended November 11-17. […]
U.S. Recession Odds at 75% Amid Inflation & Tariff Concerns; U.S. Equity Funds See $37.37B Inflows, Emerging Markets Face $25.5B Outflow in October
The market rally after the election is fading. The S&P 500 has dropped below 6,000, Treasury yields are near four-month highs, and the Fed isn’t […]
October 2024: Mutual Funds Hold Record Cash Reserves Amid Market Weakness
In October 2024, mutual funds in India were holding large amounts of cash, with active equity funds maintaining cash reserves of Rs 1,46,957 crore, slightly […]
China Approves 6 Trillion Yuan Stimulus to Boost Local Government Debt Limits and Tackle Hidden Debts
This Is Not A Stimulus; It’s A Debt Swap! China’s top legislative body has approved the State Council’s plan to raise local government debt limits […]
Reliance Industries and Disney Form Joint Venture with RIL at 16.34%, Viacom18 at 46.82%, and Disney at 36.84%
Disney and Reliance officially announce an $8.5 billion strategic joint venture, merging Viacom18 and Star India businesses. Reliance’s investment of approximately $1.4 billion into the […]
US Temporary Help Services Jobs Decline for 23rd Consecutive Month, Signaling Potential Rise in Unemployment
Temporary help services jobs in the US have decreased by 145,800 over the past year, bringing the total to 2.7 million, the lowest number since […]
India’s October CPI at 6.21% and Industrial Production Up 3.1%: 14-Month Inflation High, Strong Manufacturing Growth
India’s Consumer Price Index (CPI) for October 2024 has risen to 6.21%, up from 5.49% in September, and surpassing the 5.81% forecast. This marks a […]
Jefferies downgrades earnings forecasts as Nomura predicts Q3 FY25 slowdown. Nifty 50 falls 6.2% as foreign investors sell over $10B
In October, India’s NSE Nifty 50 Index fell by 6.2%, marking its worst monthly decline since March 2020, due to increased foreign outflows. According to […]
Bitcoin Hits Record High Above $84,000 as Short Sellers Lose $6B; U.S. Stocks See $20B Inflow and Dollar Strengthens After Trump’s Election Win
Bitcoin, the largest cryptocurrency in the world, reached an all-time high of over $84,000 on Monday. Traders who bet against MicroStrategy, a major supporter of […]