Strategy’s (MSTR) junior preferred stock Stride (STRD) saw its credit spread tighten further at the end of last week, possibly highlighting strong demand for the company’s highest-yielding preferred offering. The spread between the yield of STRD and that of the U.S. 10-Year Treasury Note fell to a new low of 8.12% as of Dec. 12,…
NEW DELHI: Congress MP Shashi Tharoor on Monday said he was absent from the party’s “Vote Chor, Gaddi Chhod” rally as he was abroad due to a “prior commitment.”Also Read | ‘Always been more than one tendency in party’: Shashi Tharoor shares post comparing his ideas with Rahul Gandhi; calls it a ‘thoughtful analysis’The former…
Check out the companies making the biggest moves midday: KLA Corp. — The semiconductor equipment maker jumped 4%, nearing a 52-week high, after Jefferies raised its 12-month price target to $1,500 from $1,200, saying “AI continues to drive spend with [wafer fab equipment] accelerating into C26/C27,” and citing KLA’s “outsized exposure to the Leading Edge.”…
Finance Minister Nirmala Sitharaman on Monday cited India’s strong growth and sovereign rating upgrades to counter claims that the country was a “dead economy”, telling the Lok Sabha that such upgrades would not have been possible if the economy were weak, PTI reported.Responding to Opposition members who sought the government’s reaction to US President Donald…
Crypto policy is shifting from talk to implementation as the OCC, FDIC and Federal Reserve begin to sketch a regulatory perimeter for stablecoins and tokenized deposits in the U.S., Bank of America said in a Monday report. Recent approvals and proposals mark the start of a multi-year transition that could push more real-world assets and…
Humayun Kabir (ANI image) NEW DELHI: The Vishva Hindu Parishad (VHP) on Monday said that the proposed construction of a mosque modelled on Ayodhya’s Babri Masjid in West Bengal’s Murshidabad district amounts to an offence under the Bharatiya Nyaya Sanhita (BNS).The organisation has urged the state government to order the registration of an FIR against…
MUMBAI: State Bank of India plans to double its mobile banking customer base to 20 crore over the next two years from the current 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital…
As artificial intelligence (AI) usage gains traction so is the AI deepfakes menace. But celebrities, right from Tollywood to Bollywood film stars, are taking the bull by the horns, opting for the legal route to curb this menace.A string of civil suits filed recently by film actors like K Chiranjeevi and Akkineni Nagarjuna to Bollywood…
Kevin Hassett’s candidacy for the Federal Reserve chair, once seen by the market as almost a sure thing, has received some pushback by high-level people who have the ear of President Donald Trump, according to sources familiar with the matter. There’s concern that the National Economic Council director is too close to the president, the…
Wall Street opened the new week on a cautious positive note on Monday, with investors positioning themselves ahead of a heavy slate of economic data that could influence interest-rate expectations and market direction.In early trade, the S&P 500 rose 0.3%, while the Dow Jones Industrial Average gained about 150 points, or 0.3%. The Nasdaq Composite…
