European stocks rallied on Thursday after the U.S. Federal Reserve kept interest rates steady, as widely expected, and hinted at three rate cuts in 2024, citing easing inflation and slowing growth. The European Central Bank and the Bank of England are set to leave interest rates unchanged later today, with investors looking for guidance on future rate path. The monetary […]

At its recent analyst meet, the ITC management highlighted that stable taxation on cigarettes has positively impacted tax revenue and helped the legal cigarette industry to gain volumes. ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly […]

India is expected to be the top recipient of remittances in 2023 as inflows increase 12.4 per cent to $125 billion, said a World Bank report on Tuesday. Mexico will come next by receiving $67 billion and China will follow it at $50 billion. The key drivers for remittance growth in 2023 are a tight labour market in the United […]

European stocks rose slightly on Wednesday ahead of Eurozone industrial production data for October and the Federal Reserve’s interest-rate decision due later in the session. While no change in interest rates is expected, Chair Jerome Powell’s press conference and the Fed’s dot plot of future policy trajectory accompanied by revisions to the summary of economic projections could offer more clarity […]

Nikola Corp.’s founder Trevor Milton was sentenced to four years in prison for making false and misleading statements to retail investors to drive investor demand. He was also fined $1 million, and three years of supervised release. Judge Edgar Ramos reportedly allowed Milton to remain free on bail while he appeals his conviction. The sentence follows a verdict in October […]

After a sharp rally in the equities market this year, investors could be better off rotating some funds towards the debt market. Experts believe several tailwinds could spur bond market returns over the next 12–18 months. These include India’s robust macroeconomics, declining inflation, and the imminent passive flows of close to Rs 2.5 trillion on account of domestic sovereign bonds […]

Stocks are turning in a lackluster performance during trading on Monday, with the major averages showing only modest moves on the day after ending last Friday’s session at their best closing levels in well over a year. Currently, the major averages are narrowly mixed. While the Nasdaq is down 50.45 points or 0.4 percent at 14,353.52, the Dow is up […]

The following are some of the stocks making big moves in Friday’s pre-market trading (as of 06.40 A.M. ET). In the Green MBIA Inc. (MBI) is up over 57% at $11.63.FLJ Group Limited (FLJ) is up over 49% at $2.96.BIOLASE, Inc. (BIOL) is up over 13% at $1.35.Eneti Inc. (NETI) is up over 9% at $10.75.Genfit S.A. (GNFT) is up […]

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including vehicles, air fryers, grills, bunk beds, and saddles, among others, for various reasons. The recall involves Polaris Industries Inc.’s RZR 200 Youth as well as Ranger XP Kinetic recreational off-road vehicles, Kubota Tractor Corp.’s utility vehicles, BRP US’ side-by-side vehicles, Empower Brands LLC’s’ Power XL Dual Basket air […]

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 06.55 A.M. ET). In the Green MicroAlgo Inc. (MLGO) is up over 49% at $14.32.Altisource Asset Management Corporation (AAMC) is up over 22% at $4.14.AerSale Corporation (ASLE) is up over 15% at $16.48.Cerevel Therapeutics Holdings, Inc. (CERE) is up over 13% at $41.75.Barnes & […]