Hindustan Aeronautics Limited reported a 5.5% year-on-year increase in fourth-quarter profit on Thursday, supported by a sharp rise in its other income segment.The state-run aerospace and defence company posted a net profit of 41.96 billion rupees ($438.32 million) for the quarter ended March 31.This compared with 39.77 billion rupees reported…
The Rolls-Royce share price remains on edge this year as investors continue their focus on the ongoing US-Iran war that is having a major negative impact on the civil aviation industry. RR dropped to 1,200p today, down sharply from the all-time high of 1,420p, which it reached in February this…
South Korean semiconductor giant SK Hynix is rapidly approaching a $1 trillion market valuation, underscoring how the global artificial intelligence boom is reshaping financial markets and placing South Korea at the center of the semiconductor supply chain.The company’s shares have risen more than 200% this year after soaring 274% in…
US stock futures edged higher on Wednesday after the S&P 500 and Nasdaq 100 closed at fresh record highs, extending a rally led by large technology stocks. S&P 500 futures rose 0.13%, Nasdaq 100 futures gained 0.07%, and Dow futures climbed 260 points, or 0.41%.The advance comes as investors balance…
Shares of Doximity (NYSE: DOCS) plunged on Thursday after the telehealth platform reported weaker-than-expected quarterly profit and issued fiscal 2027 revenue guidance that fell significantly short of Wall Street estimates.The figures intensified investor concerns about slowing growth and rising spending tied to artificial intelligence initiatives.The stock fell 24% in premarket…
US wholesale inflation accelerated sharply in April, underscoring growing price pressures across the economy as higher energy costs and supply chain disruptions continued to ripple through businesses.The Producer Price Index for final demand increased 1.4% in April on a seasonally adjusted basis, data released Wednesday by the US Bureau of…
Belgium’s sudden inflation spike in April, driven by an energy shock spilling into wider consumer prices, has prompted ING Economics to warn of a dangerous pattern that could spread across Europe. ING’s Senior Economist Philippe Ledent cautioned that the surge, which lifted headline inflation to 4% from 1.65% in March, risks…
Kevin Warsh was confirmed on Wednesday as the next chair of the Federal Reserve, placing a longtime central bank critic at the helm as policymakers confront persistent inflation pressures and growing political calls for lower interest rates.The Senate voted 54-45 to approve Warsh, 56, in what was described as the…
President Donald Trump arrived in China for a high-stakes summit with Chinese President Xi Jinping, while new producer price data showed US wholesale inflation accelerated sharply in April. At the same time, Walmart and LinkedIn announced fresh workforce restructuring efforts tied to technology and AI priorities, and Kevin Warsh was…
Investors increasingly expect US Treasury yields to stay high for an extended period as persistent inflation and rising oil prices linked to Middle East tensions heighten overall economic price pressures.Long-term Treasury yields, especially the benchmark 10-year note, have jumped as investors seek higher returns to offset inflation risks.Higher yields immediately…