[ad_1] Traders work on the floor of the New York Stock Exchange. NYSE Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world. The Dow Jones Industrial Average traded 60 points higher, or 0.2%. The S&P 500 climbed 0.2%, while the Nasdaq Composite advanced 0.4%. … Read more
[ad_1] Traders on the floor of the NYSE, July 6, 2023. Source: NYSE Stocks ticked up Monday as Wall Street tried to recover from a losing week. The positive reversal came as investors prepared for a slate of inflation data later in the week and braced for the start of the second-quarter earnings season. The … Read more
[ad_1] MUMBAI: A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.Housing Development Finance Corp’s all-stock merger into HDFC Bank Ltd, which created one of the most valuable banks in the world, has about 18 advisers who got credit … Read more
[ad_1] India has witnessed a significant transformation in several areas, especially manufacturing since 2014 New Delhi: India, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth, said Morgan Stanley. In a report, Morgan Stanley said significant scepticism about India, particularly … Read more
[ad_1] Microsoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft’s Build conference in Seattle on May 23, 2023. Dan DeLong | Microsoft If there’s one company that has popularized artificial intelligence in the past year, it’s the small but richly funded startup OpenAI, the entity behind viral chatbot ChatGPT. This week at its … Read more
[ad_1] Last Updated: May 04, 2023, 00:50 IST A day earlier, both benchmarks fell 5%, their biggest daily percentage declines since early January. (Image: Reuters File) U.S. West Texas Intermediate crude (WTI) fell $3.06, or 4.3%, to $68.60. WTI’s session low was $67.95 a barrel, lowest since March 24 Oil prices fell 4% on Wednesday, … Read more
[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Fed decision day Equities were mixed Wednesday morning ahead of the Federal Reserve’s announcement on … Read more
[ad_1] CHENNAI: The full reopening of the economy last year, cyclical recovery in consumption, increased private sector capex, and acceleration on government spending will contribute for 6.2 per cent growth in India’s gross domestic product (GDP) in FY24, said Morgan Stanley in a report.The report also said the inflation in India is likely to be … Read more
[ad_1] The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10 percent in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against a basket of its peers, was up … Read more
[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Wednesday topped estimates for first quarter profit and revenue on better-than-expected trading results. Here’s how the company did: Earnings of $1.70 per share, vs. $1.62 Refinitiv estimate … Read more