Wall Street’s “fear gauge” – the VIX – tumbled the most since August to around 16. Trading on stocks spiked, with the S&P 500 volume 110% above the average of the past month.
Posts in category All News
Exporters could face some heat, focus may shift to India growth story (07-11-2024)
One of the key elements of Trump’s election manifesto was a universal tariff on imports from all countries. Imports from China would, however, face a 60% tariff. Such duties are aimed at discouraging imports and boosting domestic production in the US.
Rupee, EM peers slide with dollar index on victory run (06-11-2024)
In relative terms, however, the rupee’s 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.
ZEE Entertainment – Large Cap M&E (06-11-2024)
Zee Music Company on YT has around 111M Subs. Company hasn’t disclosed revenue from music division till date. VIDIQ YT stats indicates $1MM-3MM in monthly earnings. Conservatively that’s ~100crs of annual revenue just from YT, and I haven’t taken into account licensing revenue(tie up with Insta) or revenue from streaming services. What am I missing? Just carving out Zee Music should contribute as much to Mcap as much as Zee Enterprises.
Richard Winfield, Protector of Press Freedom, Dies at 91 (06-11-2024)
As a lawyer for The Associated Press and other news outlets, he challenged efforts to muzzle reporters and organized lawyers to promote free expression around the world.
Democrats Got the Recovery They Wanted. It Wasn’t Enough. (06-11-2024)
America’s economic growth is the envy of its global counterparts. But voters wanted more from the Biden administration — specifically, lower prices.
Tesla’s Stock Jumps After Trump’s Victory (06-11-2024)
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
The Crypto Industry’s Spending on the Election Pays Off (06-11-2024)
The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.
Another Jolt of Uncertainty for a Global Economy Mired in It (06-11-2024)
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
Trump Media Stock Surges on Election Result (06-11-2024)
Shares in Trump Media were among the most actively traded in the United States after the election was called.