Top Stories
Hindenburg alleges Sebi head Madhabi Buch had stakes in obscure offshore funds used in Adani scandal
US short-seller Hindenburg Research launched a fresh broadside against market regulator Sebi chairperson Madhabi Buch, alleging she and her husband had stakes in obscure offshore funds used in the Adani money siphoning scandal. In a blogpost, Hindenburg said 18 months since its damning report on Adani, "SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." Citing "whistleblower documents", it said, "Madhabi Buch, the current…
Jennifer Sor
Matthew Fox
Latest Stories
1 min read
Mizuho bumps up Nvidia stock forecast, says earnings this month will be the next big AI catalyst
Mizuho expects Nvidia to generate nearly $200 billion in revenue in 2027, which would be more than …
Matthew Fox
1 min read
Nasdaq is proposing a crackdown on penny stocks to make it harder to escape delisting
Nasdaq is proposing an update to its rules that would see a stock delisted if it trades below $1 fo…
Kelly Cloonan
2 mins read
Elon Musk has 'betrayed' Tesla investors by prioritizing his other companies over the carmaker, Elizabeth Warren says
Elon Musk could be shirking responsibilities at Tesla by focusing on his other companies, Elizabeth…
Jennifer Sor
2 mins read
The stock market will signal a hard landing is coming for the economy if it falls below this key level, Bank of America says
The 5050 level on the S&P 500 corresponds with the index's rising 200-day moving average. As of Fri…
Matthew Fox
2 mins read
Stock market today: US stocks edge lower after best day of the year as volatile week wraps up
"Over the last few days, we have been reminded that risk-off moves happen quickly and can come from…
Matthew Fox
2 mins read
Elite investor Jeremy Grantham warns stocks are poised to crash — and a recession seems inevitable
When stocks have been this expensive in the past, painful downturns have reliably followed, Jeremy …
Theron Mohamed
2 mins read
Stock market closing: Sensex inches 800 points up to close at 79,705.91, auto, IT, PSU bank indices rally
Out of the 2,780 stocks traded during the day, 1,658 stocks saw declines, 1,028 declined while 94 r…
2 mins read
Brainbees Solutions (Firstcry) IPO allotment – How to check allotment, IPO GMP, listing date and more
Pune-based Brainbees Solutions (Firstcry), which offers products for mothers, babies, and kids unde…
2 mins read
Unicommerce eSolutions IPO allotment – How to check allotment, IPO GMP, listing date and more
Gurgaon-based Unicommerce eSolutions, a SaaS platform that manages e-commerce operations for other …
1 min read
Stock market today: Sensex gains around 900 points in early trade, Nifty up by over 1% on August 9th, 2024
Eicher Motors and ONGC were up by over 3% each, while Tech Mahindra, LTI Mindtree, and HCL Tech gai…
2 mins read
Stock market today: S&P 500 has its best day since 2022 as stocks rally after encouraging labor market data
Indexes climbed on Thursday as investors gained more confidence in the economy after new data showe…
Kelly Cloonan
1 min read
Palantir soars on deal with Microsoft to sell AI tools to US defense and intelligence agencies
Palantir soared over 11% after announcing a deal with Microsoft to sell a combined AI, cloud-based …
Kelly Cloonan
2 mins read
How the stock market can predict the outcome of the presidential election
Since 1928, the S&P 500 has an 83% accuracy rate in determining which political party will win the …
Matthew Fox
3 mins read
There are 2 conflicting forces that will define how stocks perform the rest of the year
While the US economy may be cooling down, corporate earnings are up and expected to keep growing, w…
Matthew Fox
1 min read
'Unbelievable demand' for weight-loss drugs sends Eli Lilly stock soaring 14% after earnings
"We just see unbelievable demand, and we're not even trying that hard to promote this drug. We're n…
Matthew Fox
2 mins read
Stock market today: Indexes climb as drop in jobless claims boosts investors' confidence
Indexes rose on Thursday as investors digested better-than-expected jobless claims data, which show…
Kelly Cloonan
3 mins read
Market mayhem has calmed down. Here's what went down — and why more chaos may be coming.
Fresh fears of a recession, a Japanese interest-rate hike, and declining asset valuations rattled i…
Theron Mohamed
2 mins read
Stock market closing: Sensex, Nifty close the day in red, IT, metal, realty and oil and gas indices dip 1% each
Out of the 2,783 stocks traded during the day, 1,186 saw advances, while 1,528 declined and another…
3 mins read
Markets are worried about the Chinese yuan sparking a new wave of turmoil
The Chinese yuan spiked against the US dollar on Monday in moves that were similar to the Japanese …
Huileng Tan
2 mins read
Stock market today: Sensex dips over 250 points, Nifty also opens in red on August 8, 2024
Almost all broad market indices were trading in red, incurring marginal losses, with the exception …
1 min read
US oil production just hit a record high
US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…
Kelly Cloonan
1 min read
Warren Buffett's Berkshire Hathaway now owns more short-term Treasurys than the Fed
Berkshire Hathaway stands to gain about $12 billion in annual interest from its $235 billion in T-B…