Wall St slips as labor market data fuels Fed worry
Investors have been looking for signs of weakness in the labor market as a key ingredient needed for the Fed to begin to slow its policy tightening measures. Other data showed manufacturing activity in the mid-Atlantic region was subdued again in January, while data from the commerce department confirmed the recession in the housing market persisted.
Tokyo shares jump after Bank of Japan keeps policy unchanged
Consumer inflation has been easing for six straight months, raising hopes the Fed could soon consider softening its policy on interest rates, even though it has said it will keep raising rates this year and expects no rate cuts until 2024.
Gandhar Oil Refinery files DRHP to raise funds via IPO
The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.
SGX Nifty up 45 points; here's what changed for market while you were sleeping
Major stocks opened higher on Wednesday with investors encouraged to buy after rallies on Wall Street as the US midterm elections dominate attention. MSCI's index of Asia-Pacific shares outside Japan was trading 0.61% higher.
Gillette India Q2 Results: Profit rises on demand for grooming products
Demand for branded personal care products from high-income consumers has held up. With prices of certain commodities softening, profits for fast-moving consumer goods companies are expected to improve, according to analysts.
Meta’s $677 billion rout boots it out of world’s top 20 stocks
Meta was the sixth biggest US company by market capitalization at the start of the year, flirting with a $1 trillion market value. Fast forward 10 months and the stock will be worth about $258 billion, ranking it 26th. Its market value is now smaller than companies including Chevron Corp., Eli Lilly & Co. and Procter & Gamble Co.
US stocks close lower as rise in yields overshadows earnings
"Ultimately earnings drives stocks but when they are being overshadowed it is tough to have that optimism, but ultimately good earnings will lead to stocks going higher, it is a matter of how much the macroeconomic picture is going to continue to hurt those earnings."
Dollar's gains spell earnings pain for U.S. companies
A bigger than expected earnings decline could further complicate the picture for U.S. stocks. The S&P 500 is down about 21% this year, with few investors expecting the volatility to end until there are clear signs the Fed is getting the upper hand in its battle against inflation.
This multibagger stock hits upper circuit after FII picks stake
Shares of Sampre Nutrients have zoomed as much as 565 per cent in the last one year, whereas the counter is up by 240 per cent on a year-to-date basis. Sampre, in association with Micro Nutrient Initiatives Canada, has developed vitaminized nutri-candy which has proven therapeutic effects of improving haemoglobin levels.
Zombie cells central to the quest for active, vital old age
About 100 companies, plus academic teams, are exploring drugs to target senescent cells. And research offers tantalizing clues that people may be able to help tame senescence themselves using the strategy favored by Soller: exercise.
Nifty fairly valued at 17,000-18,000; near Rs 1,000 EPS likely in FY24: Pankaj Murarka
“I still firmly believe that a lot of pent up demand exists in the economy and amongst consumers and businesses and as a result, the second half probably should be very strong or resilient in terms of growth. Now when you tie this into the market and given the fact that markets tend to discount 12 months forward earnings, Indian market at Nifty level will do something close to Rs 1,000 of EPS in FY24. ”
This lesser-known stock rises 32,600% in two weeks before dropping to half
Hong Kong-based AMTD Digital made its debut in New York on July 15 followed by a colossal rally which took its market cap higher than global giants, including Walmart, Procter and Gamble, JP Morgan and others.The stock zoomed a whopping 32,600 per cent from its issue price of $7.8 to hit a record peak of $2,555 on Tuesday. However, the stock settled at $1,100 on Wednesday, which is still 14,500 per cent above the given issue pric
This is a welcome added boon for Americans travelling to one of the 19 countries that use the euro and a small consolation for European tourists in the United States. No more mental arithmetic is required to convert between dollars and euros - you can call it pretty much one for one now
Oral care company Colgate-Palmolive Co will work with retailers to see if shoppers spend more when paychecks clear, generally in the first and third weeks of the month, head of investor relations John Faucher said. That suggests consumers face more financial stress and living paycheck to paycheck.
After pandemic-induced career break, women making big comeback
This comes after a large number of women were forced to drop off during the pandemic, when many had to bear a disproportionately higher burden of household work. Moreover, with schools and day-care facilities shut, no domestic help at home and caregiving responsibilities of the elderly, many women put their careers on the back burner. However, the widespread adoption of remote work post pandemic and proactive efforts from companies to hire returnees are helping them stage a comeback.
Now, Ola Electric’s head of charging network quits; 32nd resignation in last two years
The high-profile exits come at a time when Ola is reportedly planning its IPO this year at a lower valuation than planned earlier as several startups' IPOs have proved to be a nightmare for the investors. Ride-hailing platform Ola recently shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market.
Skincare startup Mamaearth eyes $3 bln valuation in 2023 IPO
Mamaearth is targetting a valuation of around $3 billion - 10-12 times forward earnings based on sales growth and future revenue potential, a person briefed on the discussions said. It plans to file draft regulatory papers by the end of this year, said sources, who declined to be named as the plan is private.
"That is what people reassessing today - what is the probability of a potential recession and will corporate profits come in where analysts estimates are or will those get taken down," said Tom Hainlin, global investment strategist at U.S. Bank Wealth Management's Ascent Private Wealth Group in Minneapolis.
After lockdown, Shanghai tries to mend fences with foreign firms
The Shanghai government plans to hold 20 meetings this month with foreign firms engaged in key industries such as automobiles, trade, semiconductors and biomedicine, it said in a statement on Sunday. The firms would be picked from major investment countries and regions, including the United States, Europe, Japan and South Korea.
Have urged multi-national companies to set up R&D centres in India: DPIIT Secretary
"Given the success of digital India, a vibrant startup ecosystem, improving infrastructure and a stable macro-economic policy regime, India has emerged as the most attractive investment destination," Anurag Jain said.
The issue has become acute after Covid-19 and the misery at Shanghai port. The Chinese city has become a symbol of global supply chain woes after its factories were closed for weeks and containers piled up as China sticks stubbornly to a zero-Covid strategy, causing delivery delays worldwide. And since Russia's invasion of Ukraine, global food prices have hit an all-time high as the two countries make up a huge share of the globe's exports in several major commodities, like wheat.
India's WPI inflation at 17-year high threatens small businesses
Annual wholesale price inflation, a proxy for producers' prices, climbed to 15.08% in April, remaining in double-digits for the 13th month in a row, and higher than 14.48% forecast in a Reuters poll of analysts.
P&G India to introduce career relaunch program for STEM professionals
The initiative called ‘P&G ReLaunch program is part of the companys commitment to strengthen diversity in STEM and will focus on people looking to relaunch their careers in IT, research & development, and product supply, the company said in a press statement on Tuesday.
Breakout in Procter & Gamble Hygiene & Health Care (PGHH)... for NSE:PGHH by MandeepSinghKohli
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Procter & Gamble Hygiene & Health Care (PGHH).