Posts in category Economic Times
Nvidia adds over $200 billion in market value in post-earnings rally (24-05-2024)
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Q4 results today: NTPC, Hindalco among 257 companies to announce earnings on Friday (24-05-2024)
257 companies, including NTPC, Hindalco, and Novelis, to announce Q4 earnings. Hindalco may see muted revenues but higher profitability. NTPC expected to have a decline in PAT compared to Q4FY23.
US SEC approves exchange applications to list spot ether ETFs (24-05-2024)
The U.S. SEC approved Nasdaq, CBOE, and NYSE to list ETFs tied to ether's price, surprising the industry. Nine issuers, including VanEck and BlackRock, aim to launch ETFs for the second-largest cryptocurrency after bitcoin. Approval follows SEC's January decision on bitcoin ETFs.