US stocks opened higher on Friday, extending their record-setting rally as strong earnings and growing optimism around artificial intelligence outweighed concerns about inflation and the economic impact of the conflict involving Iran.The S&P 500 rose 0.4 per cent in morning trade, building on six consecutive gains and putting the benchmark index on track for a…
Investor wealth shrank by Rs 5.77 lakh crore on Friday as a sharp bout of selling in the final hour of trade dragged benchmark indices deep into the red amid concerns over a weaker monsoon outlook and geopolitical uncertainty.The BSE Sensex plunged 1,092.06 points, or 1.44 per cent, to settle at 74,775.74. During the session,…
U.S. crypto firms can offer perpetual futures contracts, or “perps,” without running afoul of the U.S. Commodity Futures Trading Commission, according to the agency’s first approval allowing Kalshi to list and trade bitcoin perpetuals, the regulator said on Friday. The perp is a kind of derivative that allows the investor to speculate on future price…
NEW DELHI: Aam Aadmi Party chief Arvind Kejriwal on Friday hailed the party’s victory after it won a majority of the urban local bodies in Punjab.In a post on X, Kejriwal took a sharp swipe at the Bharatiya Janata Party and said the people had taken revenge against it. He termed the BJP the “ED…
Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices. With inflation running well above the central bank’s 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is indicating virtually no chance…
Capital markets regulator Sebi has imposed penalties totalling Rs 28.95 crore on Suzlon Energy, its chairman and managing director Vinod R Tanti, promoter Girish R Tanti and others for alleged misstatements in the company’s financial disclosures spanning several years, PTI reported.In a 96-page order issued on Friday, Sebi said Suzlon Energy Ltd’s financial statements did…
NEW DELHI: Leader of opposition in Lok Sabha, Rahul Gandhi on Friday interacted with autorickshaw drivers in Delhi’s Bengali Market area, sitting down with them over lunch as they spoke about rising expenses and daily struggles.The Congress leader was seen wearing an autorickshaw driver’s uniform during the interaction at Todarmal Park. He also shared a…
Yesterday, spot gold fell below the 200 DMA support at $4395 before it recovered on the news that US and Iran have agreed to a preliminary deal that would extend the ceasefire by 60 days. As per the Memorandum of Understanding/preliminary deal, Iran will normalise traffic in Strait of Hormuz in thirty days. US and…
MUMBAI: Indians are turning to ice creams, colas, soft drinks and packaged cold coffee to survive the scorching heat, spurring sales of summer products for consumer goods companies and nudging some to upwardly revise their earlier sales estimates for the season.In a summer of price hikes and broader inflationary environment, firms are however pushing lower…
Representative image (AI) US and Iran mediators are now engaged in high-stakes negotiations aimed at ending the conflict, despite a fragile ceasefire in place and months of turmoil in the Middle East triggered by Donald Trump’s ambitious military campaign launched on February 28.The possible truce plan includes key bargaining points between the two sides, including…
