Stock Market Today: Dow Racks Up Gains Ahead of Earnings Wave

By Yasin Ebrahim — The Dow started the week on the front foot Monday as stocks added to strong gains from last week ahead of a wave of quarterly results from big tech. The gained 1.3% or 417 points, the was up 0.9%, the rose 1.2%. Defensive corners of the market including consumer staples and health … Read more

Shifting to green crackers, Sivakasi fireworks industry aims international market

Chennai, Oct 24 (IANS) The 6000 crore fireworks industry of Sivakasi, which has turned mainly into green crackers, is now planning to tap the international firecracker industry hitherto dominated by Chinese players. While China has a huge global footprint in the export market of fireworks with an annual turnover of Rs 26,000 crore, the Sivakasi … 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

Stock Market Today: Dow in Best Week Since June as Hopes on Slowing Hikes Emerge

By Yasin Ebrahim — The Dow rallied Friday, to close out its best week since June as hopes that the Federal Reserve could slow the pace of rate hikes helped cool the surge in Treasury yields and bolstered growth sectors of the market including tech. The gained 2.5% or 748 points, the was up … Read more

Bullard Says Strong Job Market Gives Fed Room to Raise Rates

(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said the strong US labor market gives the central bank room to raise interest rates so it can curb inflation that’s running near a four-decade high. “The job market is extremely strong,” Bullard said Friday in a Wharton Business interview on SiriusXM radio. “That … Read more

Yen Surges Amid Speculation Japan Is Intervening in Market Again

(Bloomberg) — The yen soared against the dollar amid speculation Japanese authorities are intervening again to prop up the currency. The currency surged as much as 2% to an intraday high of 147.1965 per dollar. It had earlier fallen to a fresh 32-year low of 151.95 despite a barrage of official warnings against testing its … Read more

Greenlight’s Einhorn Stays Bearish as Fed ‘Wants to Deflate the Stock Market’ By

© Reuters By Staff Greenlight Capital’s David Einhorn, in his third-quarter letter to investors, said the firm is solidly outperforming the this year after his bearish pivot in January. Greenlight Capital funds are up 4% in the third quarter and 17.7% for the first nine months of the year, versus a decline of 4.9% … Read more

Stock Market Today: Dow Slips as Rising Treasury Yields Weigh

By Yasin Ebrahim — The Dow slipped Wednesday, as rising Treasury yields put the squeeze on tech stocks, overshadowing upbeat quarterly results pointing to a better-than-expected earnings season. The fell 0.33% or 99 points, the was down 0.85%, and the fell 0.67%. Big tech dragged the market lower, with Google (NASDAQ:) and Microsoft (NASDAQ:) … Read more

Oil Prices Climb as Market Balances U.S. Crude Drop vs Reserve Sale

By Barani Krishnan — President Joe Biden announced a new sale of 15 million barrels from the Strategic Petroleum Reserve (SPR), but oil bears hoping for a fresh price plunge on the news were dealt a setback as weekly crude stockpiles dropped while fuel inventories fell less than expected — creating a mixed demand … Read more

Indigo tops with 57.7% market share in Sep, Vistara, Air India second and third

New Delhi, Oct 19 (IANS) Indigo flew ahead of other airlines during the month of September with 57.7 per cent share in the domestic aviation sector, Vistara secured second slot with a market share of 9.6 per cent. As per the aviation regulator’s data for September, Indigo carried 59.72 lakh air passengers during the month … Read more