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Thursday, January 27, 2022

Wall Street


Sensex jumps 1.7% on RBI stance, global sentiments

December 09, 2021 1:18 am

With fears over Omicron variant slowly receding, the BSE Sensex shot up by 1,016 points, or 1.76 per cent, to 58,649.68 and the NSE Nifty jumped 293 points at 17,469.75.

The markets are confused, but Wall Street is still making predictions

December 04, 2021 3:51 pm

The market may well drop enough by the end of December to make last year’s annual prediction look better than it does now — but if that happens, it will be because of random chance, not because of Wall Street clairvoyance.

With its exit, Didi sends a signal: China no longer needs Wall Street

December 04, 2021 1:43 pm

🔴China’s leaders would rather keep tight control of its companies than open them up to investors on US markets.

EV maker Rivian boosts IPO price range, aims for $65 billion valuation

November 07, 2021 9:25 am

The company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9.

Why Wall Street cheers China, despite growing business unease

October 07, 2021 9:53 am

Even while Beijing tightens its grip over business and the economy, it is giving global investment firms greater opportunities to serve Chinese companies and investors.

Rookie bankers sour on Wall Street’s pitch of Big Pay and Long Hours

July 26, 2021 3:49 pm

For decades, investment banking — the job of advising big companies on their most pressing needs — was one of Wall Street’s most prestigious careers, glorified in 1980s bestsellers by writers like Tom Wolfe and Michael Lewis.

Bitcoin breaches $50,000 threshold with technicals back in focus

April 24, 2021 8:06 pm

This week’s roughly 20% rout marks the worst period for Bitcoin since it tumbled amid a wider slump in risk assets at the end of February.

Explained: The story of Bernie Madoff, who ran the 'largest Ponzi scheme in history'

April 20, 2021 8:25 am

Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, died in a federal prison early Wednesday.

Wall Street closes higher, pushing S&P 500 past 4,000 points

April 02, 2021 9:54 am

The S&P 500 rose 46.98 to 4,019.87. The Dow Jones Industrial Average gained 171.66 points, or 0.5 per cent, to 33,153.21. The technology-heavy Nasdaq climbed 233.23 points, or 1.8 per cent, to 13,480.11.

How millions of small investors are beating Wall Street at its own game

January 28, 2021 10:41 am

Propelled by a mix of greed and boredom, gleefully determined to teach Wall Street a lesson, and turbocharged by an endless flow of get-rich-quick hype and ideas delivered via social media, these investors have piled into trades around several companies, pushing their stock prices to stratospheric levels.