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Sector Update: Tech
Sector Update: Tech
Apr 26, 2024
01:25 PM EDT, 04/26/2024 (MT Newswires) -- Tech stocks were gaining in Friday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) adding 1.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.2%. The Philadelphia Semiconductor index spiked 2.9%. In corporate news, Alphabet (GOOG) shares jumped 10%, with the company breaching the $2 trillion market value mark after it...
US Equity Indexes Rise, Treasury Yields Drop as Fed's Preferred Inflation Measure in Line With Expectations
US Equity Indexes Rise, Treasury Yields Drop as Fed's Preferred Inflation Measure in Line With Expectations
Apr 26, 2024
12:23 PM EDT, 04/26/2024 (MT Newswires) -- US equity indexes rose after the Federal Reserve's preferred measure of inflation in March met market expectations and as quarterly earnings from technology heavyweights lifted investor sentiment. The S&P 500 climbed 1.1% to 5,102.3, with the Dow Jones Industrial Average 0.5% higher at 38,269.5 and the Nasdaq Composite up 2% to 15,931.3 Communication...
Sector Update: Financial
Sector Update: Financial
Apr 26, 2024
01:25 PM EDT, 04/26/2024 (MT Newswires) -- Financial stocks advanced in Friday afternoon trading with the NYSE Financial Index rising 0.3% and the Financial Select Sector SPDR Fund (XLF) up 0.1%. The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.6%. Bitcoin (BTC-USD) fell 1.2% to $63,691, and the yield for 10-year US...
US STOCKS-Wall St rises as Big Tech charges higher
US STOCKS-Wall St rises as Big Tech charges higher
Apr 26, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * March PCE data in line with estimates * Intel ( INTC ) down after dour Q2 forecast * Indexes up: Dow 0.25%, S&P 0.71%, Nasdaq 1.33% (Updated at 9:43 a.m. ET/1343 GMT) By Shristi Achar A and Shashwat Chauhan...
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Cups are disposable, the environment is not: Starbucks’ green realisation
Cups are disposable, the environment is not: Starbucks’ green realisation
Sep 16, 2023
For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a straw less lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15 percent the amount of material in each cup.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
Sep 18, 2023
Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
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Bitcoin Rallies Toward $100K as Mexico and US Suspend Tariffs
Bitcoin Rallies Toward $100K as Mexico and US Suspend Tariffs
Feb 3, 2025
The massive volatility caused by the US tariffs against a few countries continues to impact the crypto market, but this time in the opposite direction after a positive development on the US-Mexico front. Bitcoins price, which had tumbled to under $92,000 earlier today, exploded by several grand in less than an hour to almost $100,000. A lot can and was...
DeepSeek News Triggered $530M in Outflows Before Rapid Rebound: CoinShares
DeepSeek News Triggered $530M in Outflows Before Rapid Rebound: CoinShares
Feb 3, 2025
Investment in digital asset products saw total inflows of $527 million last week. However, intraweek flows revealed fluctuating investor sentiment, largely driven by broader market concerns, including the DeepSeek news, which led to $530 million in outflows on Monday. Despite this initial decline, the market recovered with over $1 billion in inflows later in the week. With $44 billion in...
Ripple (XRP) Price Predictions: ‘Buy the Dip’ Opportunity or Further Correction?
Ripple (XRP) Price Predictions: ‘Buy the Dip’ Opportunity or Further Correction?
Feb 3, 2025
TL;DR Some analysts see XRPs recent price plunge as a golden buying opportunity rather than a reason to panic. However, a massive 130 million XRP sell-off by whales raises questions about whether the correction is over or if more downside is ahead. Dont Let Fear Hold You Back As reported earlier today (February 3), the cryptocurrency market witnessed a substantial...
Bitcoin (BTC) Could Tank Below $75K if This Key Support Fails (Analyst)
Bitcoin (BTC) Could Tank Below $75K if This Key Support Fails (Analyst)
Feb 3, 2025
TL;DR Bitcoin (BTC) has tumbled by 10% since the start of February, with analysts warning that further declines to $80,000 or even $74,400 are possible if key support levels fail. Others suggest Trump’s tariff policies could drive demand for BTC as a hedge against inflation and currency devaluation. The Correction Might be Just Starting January was a highly successful period...
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