In another sign of the changing times, TaskRabbit on Monday announced it was closing its offices, including its San Francisco headquarters, and switching to a “remote-first” work policy. “For us, remote-first is the concept of putting virtual work and remote participation as priority and the primary way our employees work, with all other means of […]
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Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB. After ending Monday firmer, Nasdaq futures lost 1.3% with traders blaming […]
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The total volume in DeFi stood at $ 9.64 billion, 11.49 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $ 73.66 billion, which is 87.81 percent of the total crypto market 24-hour volume. Representative image Major cryptocurrencies traded in the red early on May 24 as the […]
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Transport Corporation of India is placed above 20, 50 and 200 days EMA, which indicates the bullish trend on all time frames. Stock price has surpassed the previous swing high resistance of Rs 764. Vinay Rajani May 24, 2022 / 06:06 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]
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After a deeper correction, JSW Energy took support at Rs 240 level and has bounced sharply in the last week. On Monday, the stock has seen good price volume action and has managed to recapture above the 20 days SMA (Rs 294). Sunil Shankar Matkar May 24, 2022 / 06:11 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]
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Stocks to Watch: Check out the companies making headlines before the opening bell. May 24, 2022 / 06:40 AM IST Results on May 24: Grasim Industries, Adani Ports, JM Financials, Clariant Chemicals, Ugro Capital, Bank of India, EClerx, Ipca Lab, Inox Wind, Jyothi Lab. Metropolis, Minda Industry, MTAR Tech, NIIT, National Fertiliser, Rail Tel, Renuka […]
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Continue ReadingAirbnb Inc. plans to close its domestic business in China after harsh COVID-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said. The home-sharing company is a small competitor in China’s travel industry. […]
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Meta said it would also include detailed targeting information for these individual ads in its “Facebook Open Research and Transparency” database used by academic researchers, in an expansion of a pilot launched last year. Reuters May 23, 2022 / 07:10 PM IST Meta Facebook owner Meta Platforms Inc will share more data on targeting choices […]
Continue ReadingMaybe forget about finding a crystal ball for stocks. It’s “Finance 101 stuff” that Treasury rates need to stabilize before it’s possible for investors to gauge if U.S. equities have hit bottom, according to Nicholas Colas, co-founder of DataTrek Research. Since Treasury rates provide the “bedrock of capital asset-pricing models,” without knowing if longer-term rates […]
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The National Consumer Price Index rose 33.8 percent year-on-year in April, more than six times the 5.5 percent inflation of a year earlier. AFP May 23, 2022 / 07:04 PM IST Source: Shutterstock Sri Lanka’s inflation hit a seventh consecutive record high in April as a petrol shortage worsened and food prices rose sharply, official […]
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(Representative image: Reuters) Electric bike startup eBikeGo announced on Monday the completion of USD 5-million fund infusion in the form from a clutch of international and domestic investors and said it is now looking to raise USD 25 million more. The funding will help the company launch e-scooter Muvi and trike Velocipado next year, it […]
Continue ReadingThe U.S. stock and the bond markets are finally in the process of catching up with our views. We always believed these past two years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast of the view that the inflation scare is going to pass very soon — […]
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In an extraordinary general meeting (EGM) held on Monday, 96.26 percent of shareholders who were present and voting, voted in favor of delisting Didi’s American Depositary Shares from the NYSE, the company said. Reuters May 23, 2022 / 07:58 PM IST Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after […]
Continue Reading“‘So the notion that people are spending the stimulus down isn’t happening yet. It may happen but it hasn’t happened yet.’” That was Bank of America BAC, +7.09% Chairman & CEO Brian Moynihan claiming that many Americans have not yet spent all their stimulus money. In a Monday interview with CNBC’s “Squawk Box,” Moynihan said […]
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In a statement, ONGC said it will increase volumes slowly. PTI May 23, 2022 / 08:09 PM IST Representative image State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. […]
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Representative image Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas. At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session. The […]
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Prime Minister Narendra Modi (File image) India on Monday expressed its commitment to a free, open and inclusive Indo-Pacific region and pitched for deepening of economic engagement among partners with a view to achieve the goal of continued growth, peace and prosperity, an official statement said. Prime Minister Narendra Modi participated in an event here […]
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