financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
World >
Market >
Sector Update: Financial
Sector Update: Financial
Mar 21, 2024
03:19 PM EDT, 03/21/2024 (MT Newswires) -- Financial stocks advanced late Thursday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.9%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4% Bitcoin (BTC-USD) dropped 4% to $65,176, and the yield for 10-year US Treasuries...
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Investor Optimism Improves Slightly; Dow Jumps Over 250 Points
Mar 22, 2024
The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment on Thursday. U.S. stocks closed higher on Thursday, extending gains recorded in the previous session. The Fed kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the...
Sector Update: Health Care
Sector Update: Health Care
Mar 21, 2024
03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Mar 22, 2024
(Updates to closing prices) TOKYO, March 22 (Reuters) - Japan's Nikkei share average closed at an all-time high on Friday, underpinned by record gains on Wall Street overnight and strength in automakers' stocks on a weaker yen. The Nikkei rose 0.18% to end at 40,888.43, after hitting 41,087.75 earlier in the session to break an all-time intraday high. The index,...
Environment >
Technology >
Exclusive-Samsung's 8-layer HBM3E chips clear Nvidia's tests for use, sources say
Exclusive-Samsung's 8-layer HBM3E chips clear Nvidia's tests for use, sources say
Aug 6, 2024
SINGAPORE/SEOUL - A version of Samsung Electronics' ( SSNLF ) fifth-generation high bandwidth memory (HBM) chips, or HBM3E, has passed Nvidia's ( NVDA ) tests for use in its artificial intelligence (AI) processors, three sources briefed on the results said. The qualification clears a major hurdle for the world's biggest memory chipmaker which has been struggling to catch up with...
Super Micro slides after margin, profit forecasts disappoint
Super Micro slides after margin, profit forecasts disappoint
Aug 7, 2024
(Reuters) - Super Micro Computer ( SMCI ) shares tumbled 12.3% in premarket trading on Wednesday as concerns over the high cost of producing AI server chips weighing on its profit forecast, eclipsing upbeat sales forecasts. The company's fourth-quarter adjusted gross margin was 11.3%, compared with analysts' average estimate of 14.1%, according to LSEG data, as Super Micro grappled with...
Exclusive-Samsung's 8-layer HBM3E chips clear Nvidia's tests for use, sources say
Exclusive-Samsung's 8-layer HBM3E chips clear Nvidia's tests for use, sources say
Aug 6, 2024
SINGAPORE/SEOUL (Reuters) -A version of Samsung Electronics' fifth-generation high bandwidth memory (HBM) chips, or HBM3E, has passed Nvidia's tests for use in its artificial intelligence (AI) processors, three sources briefed on the results said. The qualification clears a major hurdle for the world's biggest memory chipmaker which has been struggling to catch up with local rival SK Hynix in the...
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Aug 7, 2024
Aug 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** U.S. private equity firm KKR&Co ( KKR ) plans to help Japan's Fuji Soft go private under a management buyout worth about $4.09 billion, the Nikkei website said. ** British ad group WPP ( WPP ) is selling its controlling stake...
Personal Finance >
Politics >
Retail >
Business >
Nxu Gets Shareholder Approval for Merger With Verde Bioresins; Shares Rise
Nxu Gets Shareholder Approval for Merger With Verde Bioresins; Shares Rise
Feb 12, 2025
10:12 AM EST, 02/12/2025 (MT Newswires) -- Nxu (NXU) and Verde Bioresins said Wednesday that Nxu shareholders have voted to approve their merger. The merger is expected to be completed in March, subject to the satisfaction of other closing conditions, the companies said. When completed, pre-merger Verde stockholders will own 95% of the combined company while pre-merger Nxu shareholders will...
MercadoLibre Unusual Options Activity
MercadoLibre Unusual Options Activity
Feb 12, 2025
Financial giants have made a conspicuous bullish move on MercadoLibre ( MELI ). Our analysis of options history for MercadoLibre ( MELI ) revealed 8 unusual trades. Delving into the details, we found 62% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $121,236, and 5...
--Koppers Raises Quarterly Dividend 14% to $0.08 a Share, Payable March 24 to Shareholders of Record on March 7
--Koppers Raises Quarterly Dividend 14% to $0.08 a Share, Payable March 24 to Shareholders of Record on March 7
Feb 12, 2025
10:21 AM EST, 02/12/2025 (MT Newswires) -- Price: 30.11, Change: -0.55, Percent Change: -1.79 ...
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
Feb 12, 2025
GEORGETOWN, Feb 12 (Reuters) - A consortium led by Exxon Mobil ( XOM ) is getting ready for a very active year for exploration and production in Guyana amid upgrades that expanded the capacity of some of its floating facilities and the expected arrival of a fourth vessel, the head of the U.S. oil major in Guyana said on Wednesday....
Economy >
Cryptocurrency >
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved