Interest rates remaining higher for longer than expected, weighed on market sentiment across assets and regions. The dollar touched 10-month highs, amidst hawkish hints from Fed officials. Fears of a U.S. govt shutdown also weighed on sentiment. Wall Street Futures imply losses on reopen. Most European benchmarks are trading in the red zone ahead of inflation updates from the region. […]

Last month, the median home listing price reached $435,000, a slight, $5,000 decrease compared to July. While down from June 2022’s record high of $449,000, home prices remain about as high as they’ve ever been in this country. Just five years ago, the typical listing price for a home in August was about $300,000. (These are the states where home values […]

There are confusing reports and advisories about the cement sector. While the space has seen speculative support on the basis of the Budget’s infrastructure thrust, there are several negative factors surfacing as well. The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the […]

In the 22nd week of his Deadline podcast Strike Talk, Billy Ray sits with WGA Negotiating Committee co-chairs David Goodman and Chris Keyser to learn what happened inside the room during the negotiations and what gains were made in the deal struck Sunday with the AMPTP. Ray has been part of past WGA negotiations and knows the ins and outs, and […]

Structure Therapeutics Inc. (GPCR), a clinical-stage biopharmaceutical company focused on chronic metabolic and cardiopulmonary conditions, announced Friday positive results from Phase 1b clinical study of oral GLP-1 receptor agonist GSBR-1290 in healthy overweight or obese individuals. The company continues to plan to initiate two Phase 2b studies of GSBR-1290 in type 2 diabetes and obesity in 2024. In pre-market activity […]

JP Morgan’s decision last week to include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) index and the index suite from June 2024 may be a sort of blessing for India, as the move is estimated to result in an inflow of $25 billion of foreign portfolio investments into the country. The development comes at a time when […]

India’s trade account could come under pressure and there could be an inflation push if crude oil prices remain above the $90 per barrel (Brent) for a prolonged period since India imports over 85 per cent of its oil and roughly 50 per cent of its gas. A rebound in economic activity is bound to lead to higher fuel demand. […]

Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher […]

The power of Taylor Swift compels you. And it’s also worked its ways on producer Jason Blum, who cast out his The Exorcist: Believer to an earlier October release date to avoid a clash with Swift’s concert film. Blum explained his reasoning in an interview with EW. “The one thing that scares me to death is Taylor Swift!” Blum said. […]

24/7 Wall St. asked Ford management to tell us how much the Ford family makes from the dividends on the shares they own. They declined. Based on their proxy and the shares owned by Ford Estates, the payment is about $42 million a year. GM’s management and board also own shares in the other large U.S. car company. Based on […]