Stocks Reverse Downturn to Reach a Record High
The S&P 500 edged higher as investors shrugged off concerns over Oracle’s earnings. It was just enough. Source link
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Multibaggers alert! These 30 stocks poised to benefit from India’s multi-decade growth story – Motilal Oswal shares list
India’s long-term economic outlook could fundamentally reshape the corporate landscape over the next two decades, Motilal Oswal Financial Services has said in a new report, identifying 30 companies it believes are best placed to benefit from what it calls the country’s “next multi-decade growth era”, ET reported.The brokerage expects India’s GDP to rise from $4…
Bessent Accelerates Regulation Overhaul to Jumpstart Growth
The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.” Source link
SpaceX IPO: Investors brace for ‘craziest IPO ever’; why Elon Musk’s $1.5–2 trillion debut is stirring frenzy
Investors are cheering early signals that Elon Musk’s SpaceX may head for an initial public offering next year, in what some market participants told Reuters could become the “craziest IPO in the history of the stock market.” The rocket and satellite company, long considered one of the world’s most valuable private firms, is exploring a…
Hollywood Director Is Convicted in $11 Million Scheme to Defraud Netflix
Carl Erik Rinsch secured funding from the streaming company for a science-fiction series, “Conquest,” that was never completed. Source link
Samsung wants India to lead global design, production and innovation efforts
NEW DELHI: As it completes three decades of operations in India, Korean electronics giant Samsung has said that the company will shift gears and deepen its manufacturing, design, and innovation initiatives in the country.“The next decade will see more products built in India, designed in India, and innovated for the world,” the company said as…
Thomas O. Hicks, Texas Money Man Who Owned 3 Teams, Dies at 79
A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt. Source link
US labour market trend: Jobless claims surge to 236,000; Fed flags deeper hiring weakness
US applications for unemployment benefits rose sharply last week, although filings remain within the historically low range seen in recent years despite growing concerns over labour-market momentum.The Labor Department said on Thursday that jobless claims for the week ending December 6 increased by 44,000 to 236,000, up from 192,000 in the previous week and exceeding…
This Isn’t the First Time the Fed Has Struggled for Independence
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951. Source link
Trade shift: US deficit shrinks to 2020 low; tariff hikes reshape import flows
The US trade deficit has unexpectedly narrowed to its smallest level since 2020 as President Donald Trump’s sweeping tariff hikes altered import behaviour, according to delayed Commerce Department data released on Thursday.The deficit fell 10.9% to $52.8 billion in September, even as exports rose 3% to $289.3 billion and imports edged up 0.6% to $342.1…