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Check out the companies making the biggest moves midday: Energy stocks – Shares fell sharply as oil prices sunk more than 12% after Iran opened the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. APA Corporation declined by more than 9%, while Valero Energy fell more than 8.5%. Occidental Petroleum…
The Middle East crisis is sending shockwaves far beyond the region, unsettling everything from oil markets to stocks and currencies. At a time when markets around the world are already volatile, Pakistan, which is already grappling with a fragile economy, is finding itself on the brink of an economic crisis. Concerns are rising around inflation,…
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By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$71,859.13 looks to be gathering bullish momentum, with volatility expected to increase as prices near a $3 billion trigger point. The leading cryptocurrency by market value climbed through $72,100 during European hours, the widely tracked average price over the past 50 days. According to analysts,…
Pakistan’s stock market came under heavy pressure on Thursday, with investors reacting sharply to growing uncertainty in the Middle East. The benchmark KSE-100 index of the Pakistan Stock Exchange plunged by over 3,800 points during intraday trade, slipping to a low of 161,993 before trimming some of its losses later in the session. The sell-off…
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Elon Musk on Nikhil Kamath’s “WTF is?” podcast NEW DELHI: Tesla and SpaceX CEO Elon Musk recently shared that his partner, Shivon Zilis, is half-Indian. Speaking on Zerodha founder Nikhil Kamath’s podcast “WTF is?” Musk disclosed, “I’m not sure if you know this, but my partner Shivon is half Indian,” and also revealed that one…
The Federation of Indian Pilots (FIP) issued a letter on Wednesday to the Directorate General of Civil Aviation (DGCA) alleging that IndiGo imposed a “hiring freeze” despite having a two-year window to prepare for the full rollout of new flight duty and rest period norms for cockpit crew.“Despite the two-year preparatory window before full FDTL…
