A report released by the Labor Department on Thursday showed U.S. import prices fell by less than expected in the month of November. The Labor Department said import prices decreased by 0.4 percent in November following a revised 0.6 percent decline in October. Economists had expected import prices to slide by 0.8 percent, matching the drop originally reported for the […]

Peptris is revolutionizing drug discovery through the implementation of  its state-of-the-art AI platform. It is transforming the traditionally lengthy and costly drug discovery process. Shine Jacob/Business Standard reports. The process of discovering and developing a new drug can take decades and costs hundreds of millions or even billions of dollars. However, technological advances like artificial intelligence can help speed up […]

After initially showing a lack of direction, stocks have moved modestly higher over the course of the trading session on Tuesday. The major averages have inched up to their best intraday levels in well over a year. The major averages have seen further upside in recent trading, reaching new highs for the session. The Dow is up 103.82 points or […]

The UK wage growth slowed more than expected in three months to October raising expectations that the Bank of England will cut interest rates as early as next June. Data from the Office for National Statistics showed that the unemployment rate stood at 4.2 percent in three months to October. This was unchanged from the preceding period and also matched […]

European stocks may open flat to slightly higher on Monday as traders look ahead to a busy week of economic data releases and central bank meetings. The dollar held steady while gold dipped below $2,000 per ounce ahead of a busy week, with U.S. inflation data and a final rate decision of the year by the Federal Reserve in the […]

President Joe Biden says it was Hamas’s refusal to release young women civilian hostages that led to a breakdown in the humanitarian pause in fighting agreed by Israel and the Gaza militant outfit. Biden made this remark when he spoke with Israel Prime Minister Benjamin Netanyahu over phone Thursday to discuss developments in Gaza. The President expressed his deep concern […]

Early signs from the U.S. Futures Index suggest that Wall Street is poised to open broadly lower. On a lean day of economic announcements, geo-political developments might get special attention. Oil rebounded from six-month lows in Asian trade while gold traded in a narrow trading band. As of 7.20 am ET, the Dow futures were declining 68.00 points, the S&P […]

The past 18 months have seen a resurgence in the real estate industry, with developers regaining the ground lost to the Covid-19 pandemic. But it is once again adding inventory at a pace faster than sales. The industry’s inventory rose by 28 per cent year-on-year (Y-o-Y) in H1FY24, com–pared to a 25.5 per cent year-on-year increase in net sales during […]

Following the lackluster performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent. Early buying interest may be generated in reaction to a report from payroll processor ADP showing private […]

The National Stock Exchange Nifty Bank has hit an all-time high. Apart from the bullish sentiment caused by recent Assembly elections, there are signs of economic recovery and credit expansion. Large private banks are trading at relatively low valuation premiums to public sector (PSU) banks compared to historical premium levels. PSU bank shares have outperformed the Nifty Bank, which is […]