The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 06.20 A.M. ET). In the Green GAN Limited (GAN) is up over 96% at $1.75.Lumos Pharma, Inc. (LUMO) is up over 58% at $5.77.Upwork Inc. (UPWK) is up over 21% at $14.55.American Public Education, Inc. (APEI) is up over 17% at $5.05.Enovix Corporation (ENVX) […]

EV giant Tesla Inc. (TSLA) can sue its customers who resell their Cyberturck within the first year of ownership. According to a recently added section of the vehicle’s order agreement, titled “For Cybertruck Only”, the company only allows its customers to sell their vehicle after 1 year of usage. “You understand and acknowledge that the Cybertruck will first be released […]

Asian stocks rose for a fourth straight session on Monday and the dollar lingered near six-week lows as weak U.S. jobs and service sector activity data released on Friday helped ease worries about further rate hikes by the Federal Reserve. Gold slipped due to a slight uptick in U.S. Treasury yields as investors took stock of the latest developments in […]

Air India has ordered 470 aircraft to serve the Indian economy and is set to receive a new aircraft every six days over the next 18 months, CEO and MD Campbell Wilson said on Friday. He was speaking at the 67th Assembly of Presidents of the Association of Asia Pacific Airlines here. “We have new aircraft, we are recruiting many, […]

While India won’t be immune to global spillovers, we need to create the macro preconditions for sustained growth.Policy agility, prudence, and resilience will be key, suggests Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura. Over the last two months, geopolitical and market developments have emerged as risks to India’s economic outlook. External shocks Geopolitically, the Israel-Hamas conflict continues […]

The UK service sector shrank for the third straight month in October as the cost of living pressures, high interest rates and weak consumer sentiment curbed demand, survey data published by S&P Global and the Chartered Institute of Procurement & Supply showed Friday. At 49.5, the services Purchasing Managers’ Index rose from 49.3 in September. The flash reading was 49.2. […]

China’s service sector growth improved in October but the rate of expansion remained muted as new business logged the weakest rise in ten months and firms were more cautious about the economic outlook, the latest Purchasing managers’ survey data from S&P Global showed on Friday. The headline Caixin services Purchasing Managers’ Index posted 50.4 in October. The reading improved from […]

Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) […]

A strong performance in the July-September quarter of 2023-24 (Q2FY24), an upward revision in the margin guidance and sustained momentum in US sales has helped the stock of pharmaceutical major Cipla gain about 2 per cent over the last two trading sessions. The brokerages have upgraded the earnings estimates for this financial year (FY24) by 6-9 per cent to factor […]

UK house prices unexpectedly climbed in October due to a shortage of properties amid the robust labor market conditions, data from the mortgage lender Nationwide Building Society revealed Wednesday. House prices posted a monthly growth of 0.9 percent in October, following a 0.1 percent rise in September. This was the highest since August 2022, when the rate of increase was […]