Last Updated:January 13, 2025, 15:48 IST Indian benchmark equity indices, the BSE Sensex and Nifty50, opened sharply lower on Monday due to growing global concerns. Stock Market Crash Benchmark equity indices, BSE Sensex and NSE Nifty50, closed lower on the first trading session of the week, each declining by more than 1 per cent. The … Read more
A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s, leaving more than 1.3 million clients in the dark. Officials said it could take up to two days to restore power. The outage hit at dawn, plunging the island into an eerie silence as electrical appliances … Read more
US stock markets will close Jan. 9 as the United States mourns Jimmy Carter, the nation’s 39th president who died aged 100 on Sunday evening. The announcement came just one day after Joe Biden, the current commander-in-chief, announced a National Day of Mourning, with Jan. 9 slated to be the day of Carter’s state funeral. … Read more
Wokeness is in retreat, but its stench will be hard to eliminate. Consider the curious case of the bone-headed “Nasdaq diversity rules” — edicts by the stock market giant to force every company that “lists” there to choose a board of directors that stresses intersectionality — racial, sexual and gender diversity — as opposed to … Read more
According to Form 4 filings with the US Securities and Exchange Commission (SEC), Amazon (NASDAQ: AMZN) founder Jeff Bezos offloaded 16.35 million company shares with an aggregate market value of £2.41 billion ($3.048 billion) between 1st and 13th November 2024. Bezos notified the SEC of the massive Amazon share sale on 1st November via a … Read more
According to a 13F filing with the US Securities and Exchange Commission, the Bill & Melinda Gates Foundation Trust reduced its stake in Microsoft (NASDAQ: MSFT) by 17% or 5.93 million shares to 28.957 million shares worth £9.82 billion ($12.46 billion) in Q3. During the same quarter, the Microsoft co-founder also sold 2.48 million Berkshire … Read more
Palantir Technologies (NASDAQ: PLTR) stock was added to the Nasdaq 100 index, according to a NASDAQ announcement on 13th December. PLTR shares became eligible to join the tech-heavy benchmark after a strategic move to the NASDAQ from the New York Stock Exchange (NYSE) last month. The company is a leading AI software system provider facilitating … Read more
A federal appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. The New Orleans-based 5th US Circuit Court of Appeals on a 9-8 vote sided with two conservative advocacy groups in finding that the … Read more
The US Securities and Exchange Commission (SEC) approved America’s first round-the-clock national securities exchange yesterday, according to a press release. The 24X National Exchange will be set up in two phases. The first stage, expected to be implemented in the second half of 2025, would enable trading of US-listed shares between 4 a.m. and 7 … Read more
Baidu CEO Robin Li Yanhong touted strong user growth for its Ernie large language model (LLM) at the company’s annual conference where it debuted a pair of artificial intelligence (AI)-powered smart glasses, as China’s largest internet search firm jostles for attention in a sea of competitors. Li said at the event on Tuesday that its … Read more
