Pfizer Inc. and Albert Bourla got the upper hand in an early skirmish against Starboard Value LP — but the drugmaker and its embattled chief executive face a long war against an activist that hates to lose. On Wednesday, Bourla is expected to sit down with Starboard after reports early last week that the investment […]
Citigroup Inc. Chief Executive Officer Jane Fraser said federal regulators have not placed any restrictions on the bank’s growth. The clarification came after shares sank as much as 5% on Tuesday after Fraser said her bank is “working closely with our regulators” in response to repeated questions from Wells Fargo & Co. analyst Mike Mayo […]
India’s second-largest OEM Hyundai Motors initial public offering (IPO), which opened for subscription on October 15, was subscribed only 18 per cent or 0.18 times on the first day of bidding. The issue received bids for over 1.77 crore shares, compared to the 9,97,69,810 shares available for subscription. Retail investors took the lead, subscribing to […]
Bitcoin surged past $67,000 for the first time since July, boosted by a rally in U.S. stocks that renewed investor optimism for riskier assets like cryptocurrencies. “Sentiment jumped sharply to ‘greed’, ” analysts at FxPro was quoted as saying by Bloomberg. The leading cryptocurrency rose by as much as 2.45 per cent, reaching $67,520 as […]
Wall Street stocks were mixed on Tuesday as investors digested quarterly earnings from companies such as UnitedHealth and Bank of America. At 09:32 a.m. the Dow Jones Industrial Average fell 148.47 points, or 0.34%, to 42,916.75, the S&P 500 gained 5.04 points, or 0.09%, to 5,864.89, and the Nasdaq Composite gained 32.39 points, or 0.18%, […]
Hyundai Motor India IPO: Today (Tuesday, October 15), Hyundai Motor India Ltd launched its initial public offering on D-Street, and the first day of bidding has been marked by a gradual and consistent pace. The IPO has garnered a subscription of 18% on the opening day. Among the subscriptions, the retail investors’ portion stands at […]
Stock market today: Losses in shares of select heavyweights, including Reliance Industries, Bajaj Finance, and Bajaj Auto, dragged Indian stock market benchmarks—the Sensex and the Nifty 50—into negative territory on Tuesday, October 15, even as mid and small-cap segments of the market ended with gains. Weak global cues, unimpressive Q2 earnings and concerns over sticky […]
Domestic brokerage house Prabhudas Lilladher expressed a cautiously optimistic outlook for the stock market amid recent volatility. The brokerage stressed a stock-specific approach and urged investors to resist the fear of missing out (FOMO) amid the current uncertainty. With a shift in market sentiment towards defensive stocks, Prabhudas Lilladher highlighted several emerging themes and provided […]
The Indian stock market has been undergoing a correction since September 27 and significantly underperforming its Asian peers. India is at a risk of seeing its premium valuations, held since May 2021, narrowing in the coming months. In contrast, global investors are increasingly drawn to the Chinese market due to its low valuations and recent […]
Nothing changes sentiment like price, according to one investing maxim. The world-weary saying reflects the fact that after a stockmarket surge speculators usually scramble for reasons to believe further price rises are on the way. The recent surge in the Chinese market is one such example. On September 13th the CSI 300 index, made up of […]
Breakout stocks to buy or sell: The Indian stock market rebounded from Friday’s losses and ended on a strong note on Monday. The Nifty 50 index finished 163 points higher at 25,127, the BSE Sensex ended 591 points northward at 81,973, and the Nifty Bank index gained 644 points and closed at 51,816. Cash market […]
Mota-Engil, Portugal’s biggest construction company, is undervalued and its shares should be worth twice their market value, its chief executive officer said. Mota-Engil is down 27% since it released results for the first half-year on Aug. 28 and short sellers ramped up bets against the stock. Muddy Waters Capital Domino Master Fund reported a short […]
