market news

Indian Cabinet Approved Share Sale In Coal India Worth $3.2 Billion

India's cabinet on Wednesday approved the sale of 10% stake in the country's top coal producer, Coal India Ltd.

Second Largest Diamond Discovered After More Than A Century In Botswana

A 1,111 carat gem quality diamond second in size only to the Cullinan diamond cut into the British crown jewels has been unearthed.

Liberty Global To Purchase Cable & Wireless Communications Worth $5.3 Billion

International cable TV company, Liberty Global says it is acquiring cable and wireless communication worth $5.3 billion deal.

Blacks to Patronize Black-Owned Businesses Only

Should black go out and only buy things from black owned businesses? Maggie Anderson and her family believe, they should.

Activist investor Carl Icahn sells eBay shares in favor of PayPal

Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay for the same number of shares in PayPal Holdings in the third quarter.

AliBaba Keeps Dominating The Market Despite Of The Counterfeit Goods Issue

Last week Alibaba made history when it sold $14 billion of merchandise in a single day more than Cyber Monday and Black Friday deals combined.

Foreigners Are Piling In As Argentina Open Doors For Business

For the first time in two decades, the US Chamber Of Commerce is bringing business leaders to Argentina.

EasyJet expected to announce £700 million of profit next week

London-based low-cost airline carrier, EasyJet is set to post its highest ever annual profits of about £700 million next week. Analysts are optimistic that recent hike in the number of passengers will offset the Sharm el-Sheikh crisis.

French financial markets wary of terror attack aftershock

French market open as usual after the terror attacks that left hundred of people wounded and died. Most stocks, including those connected with the country's tourism sector could be most at risk of large falls.

Marc Andreessen sold $160 million worth of his Facebook Shares

Marc Andreessen has sold almost 75 percent of his Facebook stock in the last two weeks based on SEC filings. According to the same filings, 1.5 millions of shares has been sold by Andreessen.

UK Sold Northern Rock Mortgages To US Worth £13bn

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

Stocks rally higher as commodity prices rebound

U.S. stocks extended a rally, with the Standard & Poor’s 500 Index reaching a three-month high. The Energy and raw materials went up at least 17% from recent lows while the Nasdaq 100 also recorded a new high compared to July this year.

United Tech third quarter profit falls

United Technologies Corp profit falls to $1.36 billion in the third quarter as sales from its product decreases due to wild currency swing. The company also announces shares buyback to increase its intrinsic value causing the share price to rally.

Malaysia Property Stocks traded at 32 percent discount

Current global economy and political environtment had cause the Kuala Lumpur Stock Exchange to plunge in value. Among the worse performer is its property stocks which are currently traded at discounted price, giving big fund manager to buy more stocks.

Square Files for IPO despite of $77.6 million loss

Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.

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Latest Stories

Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.

Tight Grad Market? Here's How to Get Hired (On a Budget!)

A survey from the National Association of Colleges and Employers states that employers intend to recruit 5.8% fewer recent college graduates from this year's class than they did from the class of 2023.

Build Lasting Wealth with These Expert-Backed Passive Income Idea

There are still some proven passive income techniques available that yield positive results.

Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street

The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.

Sustainable Investing Made Easy: Low-Cost ESG Fund Options for May 2024

Regular investors continue to desire ESG funds, despite some opponents labeling them as "woke" investing. These funds consider a portfolio's firms' financial fundamentals in addition to their environmental, social, and governance considerations.

Must Read

Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power

In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

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