Sensex ends nearly 700pts below day’s high and below 16,000: Rupee hits record low
LIVE stock market updates : Indian equity benchmarks BSE Sensex and NSE Nifty50 rose on Wednesday, rejecting mixed moves in global markets as growing signs of a recession in the US kept investors cautious. Gains in financials, consumer staples and IT stocks lifted major indexes, although losses in oil and gas names capped gains. Broader markets also rallied, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising nearly one percent in early trade. Investors were expecting more corporate earnings from India Inc on domestic cues, a day after HCL Tech reported results. First published: July 13, 2022, 7:58…
Read More »Jim Cramer picks 7 Dow stocks investors should consider owning
CNBC’s Jim Cramer gave investors his pick of the best- and worst-performing stocks in the Dow Jones Industrial Average for the first half of the year on Tuesday. Companies in the Dow “tend to be mature, boring companies that tend to pay good dividends, which is what protects you when the Fed is tightening,” the “Mad Money” host said. “I know this is a tough market, but I’m betting the second half will be better than the first for the worst performers and be OK for the top performers,” he added. Here’s his list of the five worst-performing names in…
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Tech leads stocks higher as earnings pile up, ECB raises rates
Technology stocks led the markets higher for a third straight session on Thursday as investors weighed in on a slew of mixed earnings and a surprise rate hike by the European Central Bank. [Click here to read what’s moving markets on Friday, July 22] The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Amazon Stock (AMZN) rose for a seventh straight day, putting the e-commerce giant on pace for its longest winning streak since June 2020. Shares rose 13% over the seven-day period, but remain more…
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Stocks were mixed in a choppy session amid lingering inflation and growth concerns
US stocks ended Wednesday’s session mixed with none of the major averages posting changes of more than 0.3%. The S&P 500 fell 0.1%, the Dow gained 0.2% and the Nasdaq fell 0.03%. Bitcoin was one of the biggest movers of the day, falling below $20,000 at one point and hovering just above that key level at the close of the US stock market. West Texas Intermediate crude futures briefly rose above $113 a barrel for the first time in two weeks before falling, while the 10-year Treasury yield fell below 3.15%. The latest bout of volatility in markets came amid…
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Analysts say these 3 stocks are their top picks for the rest of 2022
Goodbye July, it’s been a pleasure. Sentiment may finally be turning on Wall Street after the stock market posted its best month since November 2020, boosted by better-than-expected quarterly results from tech giants and the prospect of the Fed tapering future rate hikes . The major indexes are still down for the year, but we are clearly in the middle of a rebound. Where this rally will go is anyone’s guess. For now, Wall Street analysts are busy picking the stocks they think are best positioned for gains over the remainder of 2H22. These “Top Picks” are an interesting group…
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Can China Evergrande Save With Debt Restructuring?
China’s struggling Evergrande Group will offer bundles of assets to creditors as a sweetener to agree to restructuring its offshore debt, as problems in the country’s real estate sector continue. Evergrande’s proposed restructuring came Friday as the company tries to keep its head above water as real estate companies lurch from one crisis to another, extinguishing a series of debt lawsuits. So how did it come to this and will this latest move save the Evergrande Group? How did Evergrande reach the public? President Hui Ka Yan was founded Evergrande in Guangzhou in 1996 and listed the company in Hong…
Read More »The talks between Goldman and JPMorgan fueled fears of weakened rules
Goldman Sachs and JPMorgan noted meetings with a high-profile group looking into the future of lock-in reforms, raising concerns about the role of big banks in crafting financial bailouts. The meetings came as the Treasury sets up a task force to review the future of the bank shutdown, according to people familiar with the matter. Records obtained by Financial News show how influential City groups, including Wall Street banks, got the ear of a panel reviewing the rules far more often than groups representing consumers. While the panel recommended the government keep the core of the lock-in regime, which seeks…
Read More »DENSO announces first quarter financial results | Newsroom | news
KARIYA (Japan) ―DENSO, a leading mobility provider, today announced its global financial results for its first quarter, ending June 30, 2022, for fiscal year 2023, ending March 31 of 2023: Consolidated revenue totaled ¥1.415 billion (US$10.4 billion), up 4.3% from the previous year. Consolidated operating profit was ¥63.6 billion (US$0.5 billion), a decrease of 40.6% from the previous year. Consolidated profit attributable to owners of the parent company amounted to 51.9 billion yen (US$0.4 billion), a decrease of 41.9% from the previous year. “First quarter revenue increased compared to the prior year due to sales expansion and foreign exchange gains,…
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