WeWork, the co-working space company, has officially filed for Chapter 11 bankruptcy in New Jersey, according to a report from Bloomberg. This decision followed earlier reports, such as one from the Wall Street Journal on November 1, which had already indicated that WeWork intended to file for Chapter 11 bankruptcy in New Jersey. The repercussions …
The Russell 2000, a prominent stock market index tracking the performance of the smallest 2,000 publicly traded companies in the United States, serves as a vital indicator of the nation’s economic health. Given its focus on smaller companies, which are particularly sensitive to domestic economic conditions, the index holds significant weight on Wall Street. In …
South Korean stocks experienced a significant surge in response to regulators’ decision to reinstate a complete ban on short selling, a move that has sparked controversy. Regulators argued that this action was necessary to combat the unlawful utilisation of a trading strategy commonly employed by hedge funds and other investors globally. This ban is expected …
Warren Buffett’s Berkshire Hathaway Inc. announced its quarterly results for the Financial Year 2023 on Saturday. As per the company’s report, in Q3 FY23, the company experienced a substantial 21% year-over-year increase in its total revenue, rising from USD 76,940 million to USD 93,210 million. When examining revenue by segment, within the “Insurance and Other” …
Valuation Expert Aswath Damodaran Suggests Tesla May Be Overvalued at USD 200 per share, proposing a USD 180 valuation. Aswath Damodaran, a respected finance professor at New York University’s Stern School of Business, has recently weighed in on Tesla’s valuation in a blog post on November 1, 2023. Despite not being a Tesla owner or …
The Indian stock market continues to trade in the red for the fifth consecutive day, following yesterday’s rise in US bond yields. The S&P BSE Metal index gained over 200 points as China decided to adjust its budget to stimulate the economy. China has committed to borrowing 1 trillion Yuan or Rs. 11,500,000 crores through …
In the ever-connected world of finance, global events often send ripples across markets. One such event that consistently captures the attention of Indian investors is the surge in US bond yields. But why does this seemingly distant development send shockwaves through the Indian financial landscape? The Bond Yield Surge Before we delve into the concerns, …
These industry leaders are not just manufacturers of arms and equipment but key players in shaping international security landscapes. Join us on a journey to explore five of the most influential defence companies worldwide, their innovations, and their enduring impact on the world’s safety and stability. COMPANY DEFENCE FOCUS LOCKHEED MARTIN (NYSE: LMT) Aviation, space, …
The Federal Open Market Committee (FOMC) decided to hold its key interest rate at 5.25 – 5.5% in September in a unanimous decision, according to its statement on Wednesday. This decision followed a 25-basis point rate increase in July, bringing the benchmark rate to its highest level in 22 years. The potential impact of more …
On Wednesday, the US dollar went up to its highest point in the past six months, even though it had previously been losing value. This happened because recent data from the US showed that businesses providing services, like restaurants and shops, did surprisingly well last month. More people ordered services, and businesses had to charge …
