Asian stocks were rising on Thursday after Wall Street’s three main stock indexes logged strong gains overnight on the back of upbeat consumer confidence data and solid earnings from corporate giants Nike and FedEx. The Japanese yen firmed towards its recent four-month peak against the dollar while Treasuries were little […]

Gun violence in America has spiked since the beginning of the COVID-19 pandemic. The murder rate increased by a record of nearly 30% nationally in 2020, according to FBI data. In 2021, the gun death rate hit its highest level in nearly three decades, according to a study published in […]

Every one of America’s 10 leading sellers of new cars saw its share price fall since the beginning of 2022. Eight of those 10 also sold fewer cars than they did in 2021. The sales leader based on unit sales volume was General Motors Inc. (NYSE: GM). According to Cox […]

After moving sharply higher early in the session, stocks continue to see significant strength in afternoon trading on Wednesday. The major averages are adding to the modest gains posted in the previous session, further offsetting recent weakness. The major averages have moved roughly sideways in recent trading, hovering firmly in […]

Small stocks of Dalal Street grappled with turbulent times in 2022 as high volatility and higher interest rate regime sapped investors’ appetite for these scrips but the horizon ahead seems less cloudy for the New Year. While the 30-share Sensex scaled multiple record peaks with bluechips glittering, small stocks underperformed […]

Durham, North Carolina-based Accord Healthcare, Inc. is recalling a single lot of Daptomycin for Injection in two doses citing product mix-up, the U.S. Food and Drug Administration said. The recall involves all of lot #R2200232 of Daptomycin for Injection 500 mg/vial, and Daptomycin for Injection 350 mg/vial product contained in […]

The Commerce Department released a report on Tuesday showing a decrease in new residential construction in the U.S. in the month of November. The report said housing starts fell by 0.5 percent to an annual rate of 1.427 million in November after tumbling by 2.1 percent to a revised rate […]

Kinetic Engineering (KEL), the makers of the iconic Luna two-wheelers in the seventies, will soon start producing components for an electric version of the moped. Pune-based Kinetic said in September that Luna would make a comeback in an electric avatar. The electric Luna, or E-Luna, will be launched by KEL’s […]

European stocks fell in cautious trade Tuesday after the Bank of Japan rattled markets with a surprise policy shift that allows long-term interest rates to rise more. Investors were also reacting to comments by ECB policymaker Peter Kazimir that the “monetary policy should tighten at a stable pace.” The pan […]

The second quarter results of banks show that net profits for the industry increased 57 per cent annually. The private sector banks recorded a 64 per cent rise in profits, whereas the net profits of public sector banks jumped 50 per cent in this period. A significant portion of this […]