 Japan’s GDP increased by 0.8% in the second quarter, above market expectations on a quarter-over-quarter basis. Economists surveyed had predicted a 0.5% increase. The Bureau of Labor Statistics reported on Wednesday that U.S. consumer prices rose 2.9% year over year, the lowest level since March 2021 and down from 3% in June. Over a given […]
Nikkei Rises As Asian Markets Advance After Japan’s GDP Exceeds Read More »
Recently, it was announced that the parent companies of Hawaiian Airlines, Hawaiian Holdings Inc. (NASDAQ:HA) and Alaska Air Group Inc. (NYSE:NYSE:ALK), had reached an understanding extending the review time for their proposed merger till August 16, 2024. The firms had originally planned for the merger process to end by August 5, 2024, but this is
Hawaiian Holdings’ Stock Rises After A Closer Examining Alaska Airlines’ Acquisition Read More »
The announcement on Wednesday that Mars Inc. would be purchasing snack producer Kellanova for $36 billion helped to raise the stock prices of the corporations that control the center aisles of supermarket stores in America. With a rise of more than 7%, Kellanova was the S&P 500’s best-performing stock during morning trading on Wednesday. ConAgra
Mars-Kellanova Deal Increases Stocks In The Grocery Aisle Read More »
Short covering is the purchase of stocks to settle an existing short position, indicating a shift from severe bearishness to bullishness. Four equities experienced short covering during the trading session on Wednesday. Here’s the list of the four stocks with short covering. 1. Indiamart Intermesh Indiamart Intermesh provides a platform and tools for over 12.5
Following the announcement on Wednesday that the insurance company had sold its Employer Voluntary Benefits division to privately held StanCorp Financial Group, popularly known as The Standard, for $2 billion, Allstate (ALL) shares hit an all-time high. The insurer announced on Tuesday that this action marked the beginning of its plan to merge its three
Allstate Divests Its Employer Voluntary Benefits Unit; Stocks Increased By 5% Read More »
Modern businesses, such as e-commerce software provider Unicommerce and omnichannel retailer FirstCry, made a spectacular stock market entrance on Tuesday, highlighting a healthy primary market. FirstCry’s parent company, Brainbees Solutions, commenced trading on the BSE for ₹625 per share, 34% higher than the ₹465 price of its IPO (initial public offering). Unicommerce Esolutions, situated in
FirstCry & Unicommerce Make Outstanding Debut In The Market Read More »
For the fourth straight day, Australian stocks increased on Wednesday as expectations of a September interest rate decrease by the Fed Reserve were bolstered by weaker U.S. producer price data. In broad-broad buying, the S&P/ASX 200 index increased 0.6% to 7,872.2 by 00:18 GMT. Because less expensive services offset an increase in the cost of
The tower company announced in an exchange filing on Tuesday that the share buyback offer of Indus Towers will begin on Wednesday, August 14, and end on August 21. “To eligible shareholders who held equity shares of the company as on August 9 (the Record Date), the company has e-mailed the Letter of Offer today,
On August 14 Indus Towers’ Rs 2,600 Crore Share Repurchase Offer Would Start Read More »
After a spike in U.S. stock volatility last week, panic seems to have subsided, but if past performance is any indication, markets could stay nervous for months. The Cboe Volatility Index (.VIX), which is Wall Street’s most widely watched indicator of investor worry, has quickly reduced after closing at a four-year high last week and
US Stock Market Fear Subsides, But Historical Evidence Suggests A Swift Return To Calm Read More »
Tuesday’s gains in U.S. indices saw them close at a nearly two-week high, as lower producer pricing data supported expectations of a Federal Reserve interest rate drop in September. Because cheaper services offset rising costs of products, U.S. producer prices rose less than anticipated in July, suggesting that inflation remained mild. The PPI grew 2.2%
Wall Street Closes Up As news On Lower Producer Prices Encourages Rate-Cutting Bets Read More »
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