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Nasdaq

Truth Social: Trump’s social media company to go public

by Adrian Jhonsan
Truth Social: Trump’s social media company to go public

Shareholders of Digital World Acquisition Corp, a publicly traded shell company, voted Friday to approve a merger with former US President Donald Trump‘s media company.This means that the Trump Media …

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Categories World

Bank Rating Cuts Trigger Broader Sell-Off, Leading to Wall Street’s Lower Close

by Craig Fedirighi
Bank Rating Cuts Trigger Broader Sell-Off, Leading to Wall Street’s Lower Close

NEW YORK: All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody’s reignited fears about …

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Categories Business

Proterra, the electric bus pioneer dubbed the ‘Tesla of the bus industry,’ declares bankruptcy in the Bay Area.

by Craig Fedirighi
Proterra, the electric bus pioneer dubbed the ‘Tesla of the bus industry,’ declares bankruptcy in the Bay Area.

An electric bus from Proterra at the Muni bus yard on Indiana Street in San Francisco on Dec. 15, 2022. Douglas Zimmerman/SFGATE A Bay Area-based manufacturer of electric buses, batteries …

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Categories Business

Fitch Cuts US Rating for the Second Time in History; Sensex Drops 677 Points

by Craig Fedirighi
Fitch Cuts US Rating for the Second Time in History; Sensex Drops 677 Points

MUMBAI: The decision by global ratings major Fitch to downgrade the sovereign rating of the US — for only the second time in the history of the world’s largest economy …

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Categories Business

S&P 500 and Nasdaq Experience Downturn on August’s Inception

by Craig Fedirighi
S&P 500 and Nasdaq Experience Downturn on August’s Inception

NEW YORK: The S&P 500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of US jobs data and major companies’ earnings reports later this …

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Categories Business

Wall Street’s Winning Streak Since 1987 Snapped as US Stocks Close Down

by Craig Fedirighi
Wall Street’s Winning Streak Since 1987 Snapped as US Stocks Close Down

NEW YORK: US stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent US yields higher, snapping the longest winning …

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Categories Business

US stock market: Dow takes lead on Wall Street as investors shift focus beyond technology

by Craig Fedirighi
US stock market: Dow takes lead on Wall Street as investors shift focus beyond technology

The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week …

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Categories Business

IT Pulls Down Sensex by 888 Points as Infy Sees a Dive

by Craig Fedirighi
IT Pulls Down Sensex by 888 Points as Infy Sees a Dive

MUMBAI: A sharply lower closing for the tech-heavy Nasdaq index on Thursday, along with heavy selling in Infosys on the back of its drastic cut in revenue growth guidance, pulled …

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Categories Business

Tesla and Netflix’s Declines Drag Nasdaq and S&P Down, Dow Closes Higher in US Stocks

by Craig Fedirighi
Tesla and Netflix’s Declines Drag Nasdaq and S&P Down, Dow Closes Higher in US Stocks

NEW YORK: The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight …

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Categories Business

Kaizad Hozdar’s Portfolio: Analyzing India’s Subdued Performance Compared to Nasdaq and Japan, Despite Record Highs

by Craig Fedirighi
Kaizad Hozdar’s Portfolio: Analyzing India’s Subdued Performance Compared to Nasdaq and Japan, Despite Record Highs

“The reality is that in CY23 till date our market has rallied just ~6% while the other major indices have delivered far superior returns [Nasdaq 31%, Japan 27%, Taiwan 20%, …

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Categories Business

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