Stocks moved to the downside in early trading on Monday but have shown a lack of direction over the course of the session. The major averages have been bouncing back and forth across the unchanged line after ending last Friday’s trading narrowly mixed. Currently, the major averages are turning in a mixed performance. While the Nasdaq is up 14.68 points […]

‘We started affordable housing loans that has good traction and the books have grown to Rs 750 crore as of the end of last quarter.’ PNB Housing Finance, the fourth-largest housing finance company in India, is changing its business strategy by focusing mainly on the retail business, and, within retail, the salaried class will be the focus. In an interview […]

European stocks were little changed on Friday as Treasury yields edged up on uncertainty about the rate outlook. The euro strengthened and regional bond yields edged higher after Bundesbank President Joachim Nagel said the European Central Bank must resist any temptation to cut interest rates early. Nagel also said he was “skeptical” about the risk of a ‘hard landing’ for […]

Global 5G subscriptions are forecast to increase more than 330 percent over the next six years to reach at 5.3 billion, with 85 percent of the global population to have 5G coverage access, according to Ericsson Mobility Report. The November 2023 edition of the report, which is key industry reference source for network data, performance, statistics, and forecasts, estimates that […]

The U.S. Department of Energy has announced $42 million for 15 projects across 11 states to improve the reliability, resiliency, and flexibility of the domestic power grid through the development of next-generation semiconductor technologies. Funded through DOE’s Unlocking Lasting Transformative Resiliency Advances by Faster Actuation of power Semiconductor Technologies (ULTRAFAST) program, the technologies being developed would enable more effective control […]

Bank of England Governor Andrew Bailey said that financial markets are putting too much weight on the current data releases and underestimates the persistence of inflation. At the Treasury Select Committee hearing on Tuesday, Bailey said the decline in inflation was good news. Inflation will end the year a bit lower than the central bank estimated, the BoE Governor told […]

Asian stocks traded mixed on Monday despite optimism that the U.S. Federal Reserve may cut interest rates by a full percentage point by the end of 2024. Gold was marginally higher as the dollar remained on the back foot after recording its worst week in four months. The 10-year U.S. Treasury yield hovered near a two-month low while oil rose […]

IBM has pulled advertisements from X, formerly called Twitter after its ads were placed next to antisemitic content on the social media platform, reports said. The move comes after X owner Elon Musk supported an antisemitic post on the platform and issued statements. While talking about the decision, an IBM spokesperson stated that the company has zero tolerance for hate […]

European stocks are likely to open on a positive note Friday as Treasury yields held steady after declining Thursday on the back of soft U.S. economic data. The U.S. economic calendar is relatively quiet today, with a report on new residential construction along with remarks by several Fed officials likely to garner investor attention. Closer home, reports on EU Harmonized […]