Alphabet, Microsoft Lead Bear-Market Earnings Season

(Bloomberg) — Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. The superlatives have followed one after another in 2022’s wild ride. Shares of Meta Platforms Inc (NASDAQ:) have lost 61%, their biggest drop … Read more

ISRO enters into commercial launch market by placing 36 ‘OneWeb’ satellites into orbit (2nd Lead)

With this, India has put one more rocket to compete in the global commercial satellite launch market. The 43.5 metre tall and weighing 644 ton LVM3 M2 rocket, carrying 36 satellites weighing totally 5,796 kg or about 5.7 ton, blasted off from the second launch pad at the Satish Dhawan Space Centre at 12.07 a.m. … Read more

Higher US rates, stronger dollar could lead to acceleration of capital outflows from Asia

New Delhi, Oct 3 (IANS) Higher US rates and a stronger dollar could lead to a further acceleration of capital outflows from Asia, Morgan Stanley (NYSE:) said in a report. In managing these pressures, Asian central banks will likely allow their currencies to depreciate while also managing extreme movements and checking volatility rather than hike … Read more

India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead

Bengaluru, Sep 27 (IANS) Led by mobiles, e-commerce platforms in India clocked over Rs 24,500 crore (nearly $3.5 billion) in the first four days of the festive sales that began from September 22, signalling a better-than-anticipated kickoff to the festive season this year, a report showed on Tuesday. Nearly 55 million shoppers made online purchases … Read more

Markets warn pound slump could lead UK interest rates to triple by next year

London, Sep 26 (IANS) The plummeting value of the pound has sent the interest rate on government debts to a 12-year high, with money markets now predicting the Bank of England base rate could almost treble to 6 per cent next year, media reports said. The pound sterling tumbled to an all-time low of $1.03 … Read more

Fans all say same thing as Chelsea’s new £70m transfer Wesley Fofana left for dust as Dinamo Zagreb take shock lead

WESLEY FOFANA came under-fire just 13 minutes into his Champions League debut for Chelsea against Dinamo Zagreb tonight. The Blues forked out a whopping £70million to Leicester City for the French defender last week. 3 Chelsea’s Wesley Fofana (L) was brutally outpaced by Dinamo Zagreb’s Mislav OrsicCredit: AFP Fofana, 21, made his first start for … Read more