Analyst revisions kept stocks of Zomato, Biocon, and ONGC in focus on Monday. While Zomato’s share price was down by 4.8% after Jefferies downgraded the stock to “hold”, Biocon’s share price was trading higher by 7.8% after receiving an upgrade from Jefferies to “underperform” while lifting its price target by…
Yvette Wang, the former chief of staff to embattled Chinese businessman Guo Wengui, was sentenced to 10 years in prison by a Manhattan federal court. Her sentencing is tied to her involvement in a sprawling $1 billion fraud scheme that deceived hundreds of thousands globally. The case, which unfolded over…
The Advanced Micro Devices (AMD) stock price has continued to underperform the market even as artificial intelligence tailwinds remain. AMD peaked at $226.86 on March 4th and has retreated to $129, a 43% crash. So, what will happen to AMD shares in 2025? AMD stock price technical analysis The weekly…
Volvo Cars experienced a 3% year-on-year decline in sales during December, with 73,804 cars sold, as the market for hybrid vehicles showed signs of cooling. However, this dip was juxtaposed with a substantial 20% year-on-year increase in the sales of electrified vehicles, encompassing both fully electric and plug-in hybrid models.…
Microsoft CEO Satya Nadella announced on Tuesday a significant investment of approximately $3 billion to expand the company’s artificial intelligence and Azure cloud-computing services in India. This move underscores India’s growing importance as a key market for US technology firms, driven by its vast population of over 1.4 billion people…
British multinational clothing and footwear retailer Next was up by more than 3% on Tuesday after it raised guidance following a strong festive period, with pre-tax profits expected to be more than £1bn. Next’s gain came against the FTSE 100 trading in the red. The firm reported a better-than-expected 5.7%…
Cryptocurrencies maintain a bullish stance as Bitcoin showcases upside momentum above the $100K mark. BTC changed hands at $101,830 during this publication, and magnified investor optimism suggests more gains. Its upside stance has triggered substantial movements in the altcoins space, with Hedera and Worldcoin stealing the show. Investor optimism drives…
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit alleging that Vanderbilt Mortgage & Finance, a unit of Warren Buffett’s Berkshire Hathaway, “ignored clear and obvious red flags” when approving mortgages for the purchase of manufactured homes from another Berkshire company, Clayton Homes. The CFPB claims that Vanderbilt’s actions…
In the wake of Justin Trudeau’s resignation, Polymarket is now forecasting a staggering 92% probability that Conservative leader Pierre Poilievre will succeed him as Canada’s next Prime Minister. This surge in odds comes after Trudeau stepped down from his post following intense scrutiny of his leadership and the Liberal Party.…
Federal Reserve Vice Chair of Supervision Michael Barr’s unexpected resignation on Monday signals the beginning of a pivotal shift in how the US central bank might operate under a potential second term for former President Donald Trump. Barr’s decision to vacate his regulatory oversight role by February 28 sets up…