Business

The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday.GDP, a sum of all the goods and services produced from…

A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021.Luke Sharrett | Bloomberg | Getty ImagesSouthwest Airlines on Thursday…

The initial public offer (IPO) by Fusion Micro Finance will open for subscription on November 2. The IPO will consist of a fresh issue of Rs 600 crore and an offer for sale (OFS) of up to 1.37 crore shares by shareholders and promoters.…

Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth.Shares jumped 8% in premarket trading.Here's how Comcast did in the…

Indian market ended higher on Thursday led by gains in metal, consumer durables and oil and gas stocks. Sensex rose 213 points to 59,756. During the day, it hit a low of 59,496 and a high of 59,959. On similar lines, Nifty gained 80 points…

The logo of Shell on an oil storage silo, beyond railway tanker wagons at the company's Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022.Bloomberg | Bloomberg | Getty ImagesBritish oil major Shell on Thursday reported…

Shares of Karur Vysya Bank hit the three-digit mark after a gap of a nearly 4.5 years today. The stock of the scheduled commercial bank zoomed 9.09 per cent to Rs 100.8, a fresh 52-week high against the previous close of Rs 92.40 on BSE.…

Shares of Karur Vysya Bank hit the three-digit mark after a gap of a nearly 4.5 years today. The stock of the scheduled commercial bank zoomed 9.09 per cent to Rs 100.8, a fresh 52-week high against the previous close of Rs 92.40 on BSE.…

Shares of RBL Bank climbed 11 per cent in Thursday's trade after two days of back-to-back fall. The private lender has see nearly seven-fold jump in September quarter profits. While a few price targets on the  stock suggests up to 16…

Credit Suisse shares plunged more than 14% on Thursday after the Swiss bank posted a quarterly loss that was significantly worse than analyst estimates, and announced a massive strategic overhaul.The embattled lender posted a third-quarter…

Shares of carbon black maker PCBL (formerly Philips Carbon Black) slipped around 8 per cent in Thursday's trade after reporting a nearly 5 per cent decline in second-quarter (Q2) profit. The company posted a 4.9 per cent fall in Q2, as…

Valuation Guru Aswath Damodaran says a single year’s free cash flow (to equity or the firm) actually has more noise in it, and is less informative about a company’s operating health than a single year’s earnings. In his latest blog on…

Stock markets this year have been very volatile as benchmark BSE Sensex's returns remained muted but some sector-specific stocks have posted decent gains. As on October 25, 2022, the domestic equity benchmark the BSE Sensex has delivered…

Shares of Falguni Nayar-led online beauty retailer Nykaa hit their all-time low today amid a rally in the broader market. The stock listed as FSN E-Commerce Ventures touched a record low of Rs 1,061.55 , down 4.42 per cent  on BSE. The…

Twitter Inc shares will be suspended from trading on Friday, the New York Stock Exchange's website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to close his $44 billion deal for the social media platform. Musk,…

Shares of new age firms such as Cartrade Tech, Policy Bazaar and Nykaa have plunged up to 60 per cent this year, raising concerns among investors about the future of their holdings. While shares of multi-channel auto platform Cartrade Tech…

 From a Rs 57-odd level in March 2020 to a record high of Rs 585.85 level this January, shares of IT firm Birlasoft rallied a solid 928 per cent in less than two years. Since then, the scrip has lost over half of its market capitalisation.…

Shares of JSW Steel jumped more than 5 per cent in Thursday's trade after its US subsidiary (JSW Steel USA) tied up long-term financing of $182 million with two Italian banking institutions -- Intesa Sanpaolo and Banco BPM -- for its Plate…

Shares of Gland Pharma dropped 12 per cent in Thursday's trade after brokerages cut their earnings forecasts for the drug maker following its September quarter results, and 'uninspiring outlook'. The drug maker reported a 20 per cent drop…

Indian market closed lower on Tuesday, snapping its seven-day winning streak amid weak Asian market cues and mixed trends from European stocks. Sensex declined 287.70 points to finish at 59,543.96. During the day, it hit a low of 59,489.02…

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter. Investors rushed to dump Meta…

Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powell faces more intense political…

Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021.Kevin Dietsch | Getty Images News | Getty ImagesMeta reports third-quarter earnings on Wednesday after the bell.Here's what analysts are expecting:Earnings: $1.89 per…

2023 Ford F-150 Raptor RFordDETROIT – Ford Motor is set to report its third-quarter earnings after the bell on Wednesday.Here's what Wall Street is expecting, according to Refinitiv consensus estimates:Adjusted earnings per share: 27…

A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington.Stephen Brashear | Getty ImagesBoeing reported a $3.3 billion quarterly loss…

Budrul Chukrut | LightRocket | Getty ImagesSpotify shares fell about 7% extended trading Tuesday after reporting a third-quarter loss that was wider than analyst expectations.Here's how the company did:Loss per share: 99 euro cents vs. an…

Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts' expectations on the strength of its latest round of menu price hikes.CEO Brian Niccol said the company saw "minimal resistance" to higher menu prices during…

The initial public offering (IPO) of Global Health, which operates hospitals under the Medanta brand -- would open for public subscription next month. The initial share sale would commence on November 3 and conclude on November 7. The IPO…

The upcoming initial public offering (IPO) of Bengaluru-based DCX Systems would open for subscription on October 31 and conclude on November 2. The company has reduced the size of its fresh issue of equity shares to Rs 400 crore from Rs 500…

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCGoldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expect a U.S. recession as a tight labor…