Intel will lose its spot in the Dow Jones Industrial Average after a 25-year run to Nvidia, S&P Dow Jones Indices said Friday, the latest blow to the struggling chipmaker that was among the first two technology firms to be included in the blue-chip index. Once the dominant force in chipmaking, Intel has in recent years ceded … Read more
In a move that would seem unthinkable in the 1990s, billionaire Mark Cuban purchased a Gulfstream G5 jet worth $40 million entirely online. Fresh off the sale of his pioneering streaming company, Broadcast.com, to Yahoo! for $5.7 billion in stock, Cuban cemented his place in e-commerce history. He made what is considered the “largest single … Read more
In a surprising market move, Elcid Investments Ltd, a smallcap company, has emerged as India’s costliest share, surpassing even the renowned MRF stock priced at Rs 1.2 lakh. The Mumbai-based company relisted on the Bombay Stock Exchange (BSE) on October 29 and saw its stock price soar to an impressive Rs 2,36,250 per share—an astonishing … Read more
Mumbai: Indian equity indices traded in the green on Monday in mid-session as buying was seen in heavyweights like ICICI Bank, M&M, IndusInd Bank, JSW Steel and Wipro, lifting the sentiment of the market after a five-day losing streak. At 1:02 p.m., Sensex was up 872 points or 1.10 per cent at 80,242, and Nifty … Read more
Mumbai: Market outlook for next week will depend upon the next set of July-September quarter results for fiscal 2024-25 (Q2FY25), the scheduled monthly derivates expiry, FII activities, geopolitical tensions, US Presidential election polls and global and domestic macroeconomic data, as per experts. Last week, the benchmark indices fell as sharp selling across all the sectors. … Read more
Shares of Tesla surged more than 13% before the opening bell on Thursday after CEO Elon Musk told investors he expects the company’s electric vehicle sales to rise by between 20% and 30% next year as preparations are underway for the rolling out of more affordable models. Tesla, whose market capitalization at the close of … Read more
New Delhi: The Indian subsidiary of South Korean automotive giant Hyundai Motor is set to make its stock market debut this week following a record initial public offering (IPO), according to industry officials on Monday. Shares of Hyundai Motor India are set to start trading on the Indian stock market on Tuesday, following last week’s … Read more
Shark Tank star and multi-billionaire entrepreneur Mark Cuban understands that not everyone can invest millions in businesses or start their own companies successfully. However, the Dallas Mavericks co-owner believes there are many ways to secure extra money via passive income streams without burning a hole in your pocket. 1. Invest in Stocks That Are Dividend … Read more
The 41-year-old had lost around 80 per cent of the 2 million yuan (US$283,000) she invested over a decade. This week she was among the hundreds of millions of Chinese rushing back to the market on a wave of optimism after the government announced new measures to revive the economy. “I think the top leadership … Read more
The Dow surged more than 400 points on Wednesday as investors awaited the minutes of the Federal Reserve’s latest meeting, while Alphabet shares dipped after the US said it was considering breaking up Google. In recent trading, the Dow Jones Industrial Average climbed 361 points, or 0.9%, to 42,438. The blue chip index closed at record … Read more
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