On Friday, December 20, 2024, shares of Trump Media & Technology Group (TMTG) dropped by about 6.9% after it was revealed that President-elect Donald Trump […]
Category: Stock In News
US November PCE Data: Price Index at 2.4%, Personal Income Up 0.3%, Spending Up 0.4%
The United States PCE Price Index for November rose by 2.4% year-over-year, which was slightly below the expected increase of 2.5%. This was a marginal […]
India’s Quick Commerce Industry to Grow at 7.7% CAGR, Zomato and Swiggy Leading the Food Takeaway Segment
The quick commerce industry in India is rapidly growing, with the food takeaway segment expected to see a compound annual growth rate (CAGR) of over […]
Ark Invest Sells Tesla Shares, Buys $36M in Archer Aviation Stock
Cathie Wood’s Ark Invest made notable portfolio adjustments on Thursday, selling 36,600 shares of Tesla and buying 5.08 million shares of Archer Aviation. The Tesla […]
US Economy Q3: Mixed Performance with Strong GDP Growth, Weak Corporate Profits, and Job Market Variations
In the third quarter, the United States GDP Price Index grew by 1.9%, matching expectations but falling from the previous quarter’s 2.5%. Meanwhile, GDP Sales […]
Fed Cuts Interest Rates by 25 Basis Points, Signals Cautious Approach on Future Rate Hikes
U.S. Federal Reserve has reduced interest rates by 25 basis points (0.25%), bringing them down to a range of 4.25% to 4.50%. This marks a […]
Apple in Talks with Tencent and ByteDance for AI Features in China
Apple is reportedly in discussions with Tencent and ByteDance (the owner of TikTok) to incorporate their artificial intelligence (AI) models into iPhones sold in China. […]
PLI Scheme Boosts India’s Manufacturing Sector with Rs 1.46 Lakh Crore Investment and 9.5 Lakh Jobs
The Centre’s Production Linked Incentive (PLI) scheme has successfully attracted investments worth Rs 1.46 lakh crore to India’s manufacturing sector, resulting in the creation of […]
VA Tech Wabag Shares Drop After Saudi Water Authority Cancels Major Desalination Order; Company Clarifies Cancellation Due to Project Recalibration
VA Tech Wabag Ltd.’s share price saw its steepest decline since March 17, 2020, after the Saudi Water Authority (SWA) cancelled a major 300 MLD […]
Federal Reserve Set to Announce 0.25% Rate Cut, but Fewer Cuts Expected Next Year
The Federal Reserve is expected to reduce its key interest rate by 0.25% this week, but they may signal caution about making further cuts in […]
Vishal Mega Mart: Strong IPO Debut and Future Expansion Plans
Introduction Vishal Mega Mart, one of India’s leading retailers, has made a splash with its recent Initial Public Offering (IPO). Known for its offline-first retail […]
Alibaba Sells Intime to Youngor Fashion for $1.02 Billion in Strategic Shift
Alibaba Group Holding Ltd. announced on Tuesday that it will sell its department store chain, Intime, to Youngor Fashion Group for 7.4 billion yuan (about […]