Global market expert Richard Harris anticipates minimal changes to U.S. monetary policy, emphasizing the Fed’s independence. He notes that Big Tech’s recent profitability stems more from cloud growth than AI, with Google leading the AI race but facing intense competition.Read More
OnEMI Technology Solutions’ Rs 926 crore IPO opened with muted demand, seeing just 2% subscription early on Day 1. A modest GMP signals mild listing gains. While margins and profitability have improved, high unsecured lending exposure and regulatory risks keep brokerages cautious, suggesting investors wait for clearer growth visibility.Read More
The Indian rupee fell to a record low on Thursday, as investors fretted over the economic risks confronting India from a resurgence in crude oil prices to 2022 highs, threatening the inflation-economic growth balance for the net energy importer and sapping capital flows.Read More
Meesho shares surged nearly 10% after JP Morgan initiated coverage with an ‘Overweight’ rating and a Rs 215 price target. The brokerage highlighted Meesho’s potential for significant EBITDA margin expansion and strong net merchandise value growth, driven by advertising monetization and improved logistics. JP Morgan forecasts substantial free cash flow recovery and anticipates market leadership to continue.Read More
Meta shares plunged 7% in extended trading as investors reacted to the company’s plan to sharply increase AI-related spending. The tech giant warned capital expenditure may rise to $145 billion, with CEO Mark Zuckerberg acknowledging uncertainty over returns. Rising regulatory pressures and a rare decline in Daily Active People added to concerns.Read More
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