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Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
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U.S. stock index futures jump after weekly jobless claims data
U.S. stock index futures jump after weekly jobless claims data
Aug 8, 2024
(Reuters) - U.S. stock index futures turned sharply higher on Thursday as a lower-than-expected reading of weekly jobless claims allayed fears of a recession in the world's biggest economy. A Labor Department report showed the number of Americans filing new applications for unemployment benefits came in at 233,000 for the week ended Aug. 3, compared with an estimate of 240,000...
The Fed has cut rates amid stock swoons before. Not this time
The Fed has cut rates amid stock swoons before. Not this time
Aug 8, 2024
Aug 8 (Reuters) - A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting, in September, to cut interest rates. Indeed, an interest rate futures contract expiring later this month that tracks Fed policy expectations shot to a two-month high...
Fortuna Mining Up in U.S. Pre-Market Following Strong Q2
Fortuna Mining Up in U.S. Pre-Market Following Strong Q2
Aug 8, 2024
07:52 AM EDT, 08/08/2024 (MT Newswires) -- Fortuna Mining ( FSM ) said overnight Wednesday that its adjusted attributable net income soared 1,116% in the second quarter amid higher gold and silver prices. Fortuna's share price rose 2.6% at last look to US$4.27 on the NYSE. The miner posted an adjusted attributable net income of US$30.4 million, or $0.10 per...
Butterfly Network And 2 Other Stocks Under $5 Insiders Are Buying
Butterfly Network And 2 Other Stocks Under $5 Insiders Are Buying
Aug 8, 2024
The Dow Jones index closed lower by over 200 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny...
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US weighs sanctioning Huawei's Chinese chip network, Bloomberg News reports
US weighs sanctioning Huawei's Chinese chip network, Bloomberg News reports
Mar 19, 2024
March 20 (Reuters) - The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co, Bloomberg News reported on Wednesday citing people familiar with the matter. The companies that could be blacklisted include chipmakers Qingdao Si'En, SwaySure, and Shenzhen Pensun Technology Co, the report said, adding that U.S. officials are also weighing sanctions on...
China's Tencent posts weak revenue growth, plans to double buybacks
China's Tencent posts weak revenue growth, plans to double buybacks
Mar 20, 2024
HONG KONG (Reuters) -China's Tencent Holdings ( TCTZF ) posted a 7% rise in fourth-quarter revenue on Wednesday, trailing analysts' expectations, as China's economic slowdown takes a toll, and said it was expecting to at least double its share buybacks this year. The world's largest video game company and operator of the WeChat messaging platform reported revenue of 155.19 billion...
Asian bonds draw hefty inflows on US rate cut hopes, strong exports
Asian bonds draw hefty inflows on US rate cut hopes, strong exports
Mar 19, 2024
(Reuters) - Asian bonds attracted their largest monthly inflow in three months in February, helped by expectations that the U.S. Federal Reserve would cut rates later this year, and also boosted by the region's strong exports. Foreign investors accumulated a net $4.41 billion of bonds in India, South Korea, Malaysia, Indonesia and Thailand last month, marking their fourth successive month...
Intel clinches nearly $20 billion in awards from Biden to boost US chip output
Intel clinches nearly $20 billion in awards from Biden to boost US chip output
Mar 20, 2024
WASHINGTON (Reuters) - The Biden administration said it is awarding Intel ( INTC ) nearly $20 billion in grants and loans on Wednesday, supercharging the company's domestic semiconductor chip output and marking the government's largest outlay to subsidize leading-edge chip production. Biden will announce the preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for...
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