Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
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Emcure Pharma’s IPO Draws $11 Billion in Bids, Underscoring Strong Investor Confidence in India’s Generics Market
Emcure Pharmaceuticals, a leading Indian generics manufacturer backed by Bain Capital, has witnessed an overwhelming response to its initial public offering (IPO). The IPO, which aimed to raise $234 million, saw bids worth a staggering …
Continue readingKoss Stock Soars 25% on Speculation of “Roaring Kitty” Interest
Shares of headphone maker Koss Corp. (KOSS.O) surged for the second consecutive day on Friday, closing at $13.35 a share after trading as high as $18.50 earlier in the day. This surge was fueled by …
Continue readingRevolut CEO to Sell Part of Stake in $500 Million Share Sale, Potentially Valuing Company at Over $40 Billion
Revolut, the British fintech company, is planning a $500 million share sale that could see its valuation soar beyond $40 billion. The sale includes shares held by employees, including CEO Nikolay Storonsky, who is set …
Continue readingAI Stock Frenzy: Nvidia Downgraded, Pure Storage Slumps, Dell Gets a Boost
The AI sector is witnessing a rollercoaster of stock activity as analysts assess the impact of the burgeoning technology on various companies. Nvidia, the leading GPU maker, received a downgrade from New Street Research, citing …
Continue readingDow Surges to One-Month High on Rotation, Nasdaq Drops as Investors Eye Fed Cuts
The Dow Jones Industrial Average closed at a one-month high on Monday, fueled by a rotation out of AI-linked stocks and into laggards as investors bet on Federal Reserve interest rate cuts later this year. …
Continue readingFed Report: Inflation Easing, Job Market Rebalanced, Rate Cuts Possible
The Federal Reserve released its latest Monetary Policy Report to Congress on Friday, indicating a steady return to more normal conditions after the pandemic. The report highlights easing inflation, a rebalanced job market, and the …
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