Bain to buy 90% stake in Adani Capital and Adani Housing
By Akanksha Khushi (Reuters) -U.S.-based investment firm Bain Capital said on Sunday that it has entered into an agreement to…
Month: July 2023
$78 Billion Exited the Banking Sector
The American banking sector is facing a significant challenge. An astonishing $78 billion made a swift exit from U.S.…
Relentless U.S. stock rally faces Fed test
By David Randall NEW YORK (Reuters) -A U.S. stocks rally faces a potential inflection point next week as the Federal…
China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says
FRANKFURT (Reuters) – Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign…
[Analysis] Tesla is Overvalued by 1000%
In the midst of the AI-driven technology stock surge of 2023, Elon Musk’s Tesla Inc. (NASDAQ:TSLA) has been enjoying…
Cisco’s Unusual Trading Activity
In the high-stakes world of big-time investors, a high roller has chosen to gamble on a downward trajectory…
CME Group to lay off 3% of its workforce, reallocate positions
(Reuters) – CME Group, the world’s largest derivatives exchange, eliminated about 100 positions, or 3% of its workforce, this week…
American Airlines increases offer to pilots by $1 billion, matching United
(Reuters) – American Airlines Group Inc on Friday said it raised the value of its contract offer to pilots by…
OpenAI, Google, others pledge to watermark AI content for safety -White House
By Diane Bartz and Krystal Hu WASHINGTON/NEW YORK (Reuters) -AI companies including OpenAI, Alphabet and Meta Platforms have made voluntary…
AmEx’s profit view dampens strong results from record card spending
By Manya Saini (Reuters) -American Express kept its annual profit forecast unchanged despite a record spending on its credit cards…