Posts in category Economic Times
Dollar steady ahead of inflation data, yen wobbles (29-05-2024)
The dollar was stable on Wednesday ahead of crucial inflation readings, lifted by rising Treasury yields. The yen drifted to its weakest in four weeks. Euro and sterling also showed movements. Australian dollar spiked before steadying. U.S. consumer confidence improved in May. Markets await inflation reports this week.
Positive Breakout: HDFC Bank and 4 other stocks cross above their 200 DMA (29-05-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Adani’s fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm’s parent co (29-05-2024)
Gautam Adani, chairman of the Adani Group, is reportedly looking into acquiring a stake in One97 Communications, the parent company of Paytm, according to sources cited by The Times of India. Paytm's founder and CEO, Vijay Shekhar Sharma, met with Adani in Ahmedabad to discuss the details of the potential deal.
Trading app Robinhood unveils maiden stock buyback plan of $1 billion (29-05-2024)
Robinhood Markets launched its first-ever share buyback plan to repurchase $1 billion worth of stocks, signaling maturity and growth beyond its startup phase.
Gold prices inch lower as US rate cut bets cool (29-05-2024)
Gold prices eased as traders reduced rate cut expectations by the U.S. Federal Reserve, awaiting U.S. inflation data this week.
Oil rises as major producers expected to keep output cuts in place (29-05-2024)
Oil prices rose on expectations of production cuts by major producers at a meeting this Sunday as fuel consumption is set to increase with the start of the peak summer demand season.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down (29-05-2024)
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
Tata Sons shares are not transferable, says Trusts (29-05-2024)
SP Group, promoted by the Mistry family, has pledged its entire 18.5% in Tata Sons held through two entities to secure monies from private credit funds such as Ares and Farallon. Additionally, it needs to raise funds for a separate repayment due in three months and refinance existing high-cost borrowings.