The US stock market edged closer to its all-time high on Friday, with Wall Street drifting toward the end of a relatively quiet week, AP reported. The S&P 500 rose 0.3% in early trade, leaving it just 0.2% below its record. The Dow Jones Industrial Average was up 46 points, or 0.1%, while the Nasdaq…
Catching up to the steep decline in the price of Strategy (MSTR), Cantor Fitzgerald’s Brett Knoblauch cut his 12-month price target for Strategy (MSTR) to $229 from $560, citing a weaker environment for raising capital tied to bitcoin BTC$90,977.49. The new target still suggests nearly 30% upside from the current price of $180, with Knoblauch…
NEW DELHI: Indian Railways on Friday deployed 116 extra coaches on 37 trains across multiple zones to cater to passengers facing travel disruptions due to the ongoing IndiGo crisis. The step follows a surge in demand as thousands seek alternative travel options amid mass cancellations and delays of flights.Northern Railways has also planned five special…
Check out the companies making headlines before the bell. Netflix , Warner Bros. Discovery — Shares of Netflix and Warner Bros. Discovery pulled back almost 3% and roughly 1%, respectively, after the streaming giant said Friday it’s reached a deal to buy WBD for $27.75 per share. Rubrik — Shares jumped nearly 19% after the…
India’s foreign exchange reserves fell by $1.877 billion to $686.227 billion for the week ended November 28, the Reserve Bank of India (RBI) said on Friday. The decline comes after a sharper $4.472 billion drop in the previous reporting week, when overall reserves slipped to $688.104 billion, PTI reported.According to RBI data, foreign currency assets…
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is hovering around $91,300 after falling more than 2.2% in 24 hours, a better performance than the wider crypto market’s 3.2% drop as measured by the CoinDesk 20 (CD20) index. The backdrop is messy. A record-long U.S. government shutdown has delayed key labor reports, though…
File photo: Prime Minister Narendra Modi and Russian President Vladimir Putin (Picture credit: AP) India and Russia on Friday firmed up a five-year plan to boost economic and trade ties, even as Washington’s tariffs and sanctions loom, relying on the resilience of the decades-old partnership.Prime Minister Narendra Modi and Russian President Vladimir Putin used the…
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images Visa is moving its European headquarters to London’s financial district, hot on the heels of an announcement by JPMorgan that it will build a landmark tower in an area considered to be the city’s answer to Wall Street….
European Union regulators on Friday fined Elon Musk’s social media platform X 120 million euros ($140 million) for violating the bloc’s Digital Services Act (DSA), saying the platform’s practices could expose users to scams, manipulation and opaque advertising, according to an ET report.The European Commission announced the penalty after completing an investigation it launched two…
NEW DELHI: Congress MP Shashi Tharoor on Friday heaped praises for Prime Minister Narendra Modi yet again after he received Russian President Vladimir Putin at the airport, breaking protocols.Claiming that symbolism and substance are important in diplomacy, Tharoor said that Prime Minister’s gestures are important signal of “continuity of an important relationship with Russia.“ PM…