DiDi Shareholders Vote to Delist From NYSE
By Senad Karaahmetovic Didi Global (NYSE:DIDI) shareholders voted to delist the company from the New York Stock Exchange today. DiDi said it will now file the required paperwork with the SEC...
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CubeSmart Upgraded to Strong Buy at Raymond James
By Senad Karaahmetovic Raymond (NS:RYMD) James analyst Jonathan Hughes upgraded CubeSmart (NYSE:CUBE) to Strong Buy following the recent selloff. The analyst also cut the price target...
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SII chief Poonawalla gets top Johns Hopkins honour
Mumbai, May 23 (IANS) The US-based Johns Hopkins Bloomberg School of Public Health has awarded the Dean's Medal to Serum Institute of India (SII) Chairman Dr Cyrus S. Poonawalla for his...
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India, US sign new Investment Incentive Agreement in Tokyo
New Delhi, May 23 (IANS) India and the US on Monday signed an Investment Incentive Agreement, which supersedes the earlier such agreement signed between the two countries in 1997, an...
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Crude Oil Edges Higher; WTI Takes Lead on U.S. Demand
By Peter Nurse Investing.com -- Oil prices slipped slightly Monday on concerns that China will struggle to fully reopen after its prolonged COVID-19 lockdowns, but prices remain elevated...
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Didi Shareholders Vote to Delist From NYSE in Wake of China's Tech Crackdown
(Bloomberg) -- Didi Global Inc (NYSE:DIDI) secured the blessing of shareholders to delist from the New York stock exchange, capping an 11-month ordeal that wiped out around $70 billion of...
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A Pullback in Discretionary Categories Pushes Citi to Downgrade Several Retail Stocks
By Senad Karaahmetovic Citi analyst Paul Lejuez made a series of rating changes in the firm’s research coverage of North America Apparel/Footwear/Textiles. The analyst says stars are now...
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Tirupur dairy farmers affected as hiked cotton price raises price of cattle feed
Chennai, May 23 (IANS) The dairy farmers of Tirupur are affected after the increased price of cotton seeds led to an increase in the price of cattle feed. Cotton seeds are a vital part of...
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Dimon Says ‘Storm Clouds’ Over the U.S. Economy May Dissipate
(Bloomberg) -- Jamie Dimon said the U.S. economy remains strong, and potential obstacles to growth are not set in stone.“Strong economy, big storm clouds,” JPMorgan Chase & Co. chief...
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'India, Japan natural partners': PM Modi chairs Business Roundtable in Tokyo
New Delhi, May 23 (IANS) Prime Minister Narendra Modi on Monday chaired a roundtable in Tokyo with Japanese business leaders, including top executives and CEOs of 34 companies which have...
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Memo Shows Tesla to Ramp up Production in Shanghai
By Michael Elkins An internal memo obtained by Reuters suggests that Tesla (NASDAQ:TSLA) plans to restore production at its Shanghai Giga plant to pre-lockdown levels by Tuesday, a day later...
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HP Stock Downgraded to Neutral at Citi on 'Materially Lowered PC Outlook'
By Senad Karaahmetovic Citi analyst Jim Suva downgraded shares of HP Inc (NYSE:HPQ) to Neutral from Buy with a $38.00 price target, down from $40.00. The downgrade comes after Citi...
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VMware, JPMorgan, Electronic Arts Rise Premarket; Broadcom Falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, May 23rd. Please refresh for updates. VMware (NYSE:VMW) stock soared 23% after the Wall Street Journal reported...
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Zoom’s 85% Selloff Has Analysts Calling for a Rally
(Bloomberg) -- The selloff in Zoom Video Communications (NASDAQ:ZM) Inc.’s stock may have gone too far. That’s the message from Benchmark Co.’s Matthew Harrigan and other analysts, who...
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Mining companies in Goa asked to take care of 'pits'
Panaji, May 23 (IANS) Admitting that his department will not be in a position to manage any mishap, Goa's Water Resources Department (WRD) Minister Subhas Shirodkar said that Mining...
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JPMorgan Stock Pops After Raising 2022 Interest Income Forecast
By Senad Karaahmetovic JPMorgan (NYSE:JPM) stock price is up almost 2% in pre-open Monday after the financial giant offered an optimistic profit forecast at its Analyst Day. JPMorgan said it...
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Chinese Government Commits to 33-Point Fiscal Stimulus Package
By Geoffrey Smith Investing.com -- The Chinese government committed to a big fiscal stimulus package, aiming to revive a flagging economy badly hit in recent months by COVID-19...
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AMD Stock Could Rally Over 70% Says BofA, Analyst Sees Multiple Catalysts Ahead
Bank of America (NYSE:BAC) analyst Vivek Arya has reiterated a Buy rating and a Top Compute Pick designation on AMD (AMD) stock as he sees an “idiosyncratic growth at compelling...
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Here’s How Govt’s 15% Export Duty on Steel Will Impact the Domestic Sector
By Malvika Gurung Investing.com -- Domestic steel companies plunged nearly 18% on Monday, in response to the Government's announcement to hike the duty on exports of iron ore to up to 50%...
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Biden Taiwan Gaffe, Lagarde Flags Hikes, Broadcom/VMWare - What's Moving Markets
By Geoffrey Smith Investing.com -- President Joe Biden annoys China by pledging to defend Taiwan with military force. The euro rises and the dollar retreats further as Christine Lagarde all...
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Bitcoin and Ethereum on the Rise: Will They Break 7 Consecutive Weeks of Declines?
By Laura Sanchez Investing.com - The new week in the cryptocurrency sector starts off bullish for Bitcoin and Ethereum against a backdrop of mixed movements for the rest of the...
