Stocks moved mostly higher during trading on Monday, adding to the modest gains posted last week. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over a year. The major averages finished the day just off their highs of the […]

The year 2023 should be a good one for Hollywood. Domestic box office revenue has already reached $4.2 billion. That compares to $7.4 billion all of last year. At the top of the list, this year is “The Super Mario Bros. Movie”. Released on April 5, it has posted total […]

Sun Pharmaceutical Industries (Sun Pharma) reported a turnaround in the January-March quarter of the 2022-23 financial year (Q4FY23), declaring a profit after tax (PAT) of Rs 1,984 crore versus a loss of Rs 2,277 crore in Q4FY22. However, that loss in FY22 was due to several exceptional one-time items — […]

Backed by their strong physical presence across the country, UTI Mutual Fund and SBI Mutual Fund (MF) have managed to mobilise a higher proportion of their total assets under management (AUM) from towns and villages than their peers. Data compiled by Nuvama Institutional Equities shows that UTI MF and SBI […]

Swiss banking major UBS Group AG said it has completed the acquisition of domestic rival Credit Suisse Group AG on Monday. The troubled banking firm has been merged into UBS, and the combined entity will now operate as a consolidated banking group. It was in mid March that UBS agreed […]

“There’s one thing that’s really great about waking up early,” the comedian Kathy Griffin apparently once said, “and it’s not jogging or greeting the day — it’s just that that’s when they make doughnuts.” The Dutch brought an ancestor of the modern doughnut to America in the early 19th century, […]

Stocks fluctuated over the course of the trading session on Friday before eventually ending the day modestly higher. With the uptick on the day, the S&P 500 reached its best closing level since mid-August. The major averages swung back and forth before closing slightly above the unchanged line. The Nasdaq […]

President Joe Biden has designated Polly Trottenberg to serve as acting FAA Administrator. Katie Thomson, the FAA’s current chief of staff, will become the deputy administrator. Keith Washington, currently DOT Deputy Assistant Secretary for Administration, will serve as the agency’s acting chief of staff. The Department Of Transportation also announced […]

European shares are weak in the mid-day trading on Friday, despite broadly higher movement in Asian markets and positive cues from Wall Street overnight. Investors remain concerned over Chinese consumer inflation that contracted in May from the prior month. The National Bureau of Statistics reported that factory gate prices declined […]

Markets in Europe are expected to open on a positive note on Friday amidst renewed hopes of a pause by the Federal Reserve in the review next week, following the surge in the initial jobless claims. The rise in jobless claims which implied a weakening labor market, is seen reducing […]