With the recent surprising election results, Prime Minister Narendra Modi has been sworn in for a third term, backed by the National Democratic Alliance (NDA). Despite the Bharatiya Janata Party (BJP) not securing a majority on its own, the NDA coalition garnered a total of 293 seats in parliament, paving the way for Modi to
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The U.S. stock market is once again feeling the effects of uncertainty as investors await crucial inflation data and a central bank policy meeting set to take place later this week. The previous week ended with mixed results, causing a slight decrease in indexes as Nonfarm Payrolls showed strength but other economic indicators pointed to
The global stock market experienced a downturn on Monday as investors adjusted their expectations for Federal Reserve rate cuts following a strong U.S. labor market report. The optimism for significant rate cuts was diminished as the U.S. economy showcased robust job creation and wage growth in May. As a result, Asian stocks took a hit
In a world dominated by streaming services, it’s not often that we see celebrities going out of their way to connect with their fans in person. However, Will Smith did just that at a recent screening of his new movie, Bad Boys: Ride or Die. The Academy Award-winner surprised fans by sneaking out of the
Godzilla x Kong: The New Empire has taken the global box office by storm, becoming the highest grossing movie in the Legendary and Warner Bros Monsterverse franchise with $570M worldwide. This surpasses the previous Monsterverse champion, 2017’s Kong Skull Island, which earned $568.6M. The film has brought in $373.7M internationally and $196.3M domestically, solidifying its
Investors are eagerly watching the performance of off-price retailer Burlington Stores (BURL), as it continues to impress with its positive financial results. The first quarter of fiscal 2024 saw the company post upbeat numbers, leading to an increase in profit margin and earnings outlook for the full year. This positive news prompted Jefferies analyst Corey
China’s largest food delivery platform, Meituan, has identified a significant shift in consumer spending patterns towards experiences, particularly in the travel sector. The CEO of Meituan, Wang Xing, highlighted during a recent earnings call that consumers are increasingly willing to allocate a larger portion of their budget to travel experiences. This shifting trend indicates not
After evaluating the recent upgrades and downgrades made by Wall Street analysts, one of the key takeaways is the double upgrade of Best Buy by Citi. The research team at Citi has raised their target price for Best Buy to $100, citing positive catalysts such as tech replacement cycles and margin execution. They believe that
Volvo Cars has made the strategic decision to relocate the production of Chinese-made electric vehicles to Belgium amidst concerns over potential tariffs imposed by the European Union. This move comes as the EU is expected to crack down on Beijing-subsidised imports, prompting Volvo to take preemptive action to avoid any negative ramifications. The decision to
A CEO from an alternative trading platform, Kelly Rodriques, is determined to shake up private equity investing and provide a solution for the stagnating initial public offering market. In collaboration with Accuidity, Forge Global launched the Forge Accuidity Private Market Index in the recent spring – a move that aims to offer a more accessible
The Covid-19 pandemic has revealed both strengths and weaknesses in the American economy, and one sector that has been particularly affected is child care. As day cares closed their doors and schools shifted to virtual learning, parents were left struggling to balance work and childcare responsibilities. Although the employment levels in the child care sector
Boeing’s Starliner was supposed to be a game-changer in the world of commercial space travel, designed to transport astronauts to and from the International Space Station. The company entered into a $4.2 billion contract with NASA back in 2014, as part of the agency‘s Commercial Crew Program. This program was NASA’s way of shifting some
Cricket may not be as mainstream in the United States as it is in other parts of the world, but that hasn’t stopped high-profile CEOs and investors from trying to change that. With the Men’s T20 Cricket World Cup being co-hosted by the U.S. for the first time, nearly a billion dollars have been invested
The Food and Drug Administration (FDA) has recently extended the approval of GSK’s respiratory syncytial virus (RSV) vaccine, Arexvy, to include adults between the ages of 50 to 59 who are at heightened risk of severe illness from the potentially deadly virus. This marks a significant milestone as the first-ever vaccine endorsed by the FDA