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Nasdaq is launching new products for extended U.S. stock trading. This move will allow trading for 23 hours a day, five days a week. The expansion aims to provide greater global access to popular U.S. stocks. This change is expected to begin on December 6, pending regulatory approval. The new system will handle increased trading activity across Nasdaq’s exchanges.
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US markets experienced a sharp decline on Thursday. US President Donald Trump issued a directive for the Navy to engage any boats laying mines in the Strait of Hormuz. This action heightened existing tensions in the region. US forces also intercepted Iran-linked vessels in the Indian Ocean. Investors are closely watching for resolution to these conflicts.
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Indian Energy Exchange delivered steady quarterly growth driven by record electricity trading volumes, improving revenue and profit, alongside strong yearly performance supported by higher supply liquidity and expansion across power, gas and renewable certificate markets
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Cyient approved a share buyback while reporting a sharp decline in quarterly profit due to one time charges, even as revenue remained strong, reflecting resilient operations and continued investments despite earnings pressure
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Freeport-McMoRan announced a slower-than-expected recovery at its Grasberg mine in Indonesia following a fatal flood. The company now anticipates only 65% production restoration by the second half of the year, down from 85%, impacting its ability to meet surging global copper demand. This delay, attributed to equipment modifications for wetter ore, also pushed back a power source conversion plan.
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