Lenskart’s IPO is here, seeking a high valuation. The eyewear giant shows impressive growth and profitability. Its strong market position and innovative model are key strengths. Investors are weighing the premium price against future potential. The company aims for significant expansion in India and globally. This IPO could be a major consumer-tech success story.Read More
Oil prices are falling for the third month. A stronger US dollar is impacting commodity gains. Increased supply from major producers is also a factor. Western sanctions on Russian oil exports are being offset. OPEC+ is considering a modest output boost. Saudi Arabia’s crude exports are at a six-month high. US production is at a record level.Read More
The US dollar held firm near a three-month peak as global markets digested mixed central bank signals and a tentative US-China trade truce. Traders are scaling back expectations of further Federal Reserve rate cuts, while a stronger yen, despite Tokyo inflation, adds complexity. The euro saw a slight gain as the ECB maintained its stance.Read More
Gold prices climbed Friday, nearing a third consecutive monthly gain, driven by bargain hunting and a Federal Reserve rate cut. Investors are processing a tentative U.S.-China trade deal, while global gold demand reached a record high in the third quarter. The dollar’s strength, however, is limiting bullion’s advance.Read More
Social media giant Meta Platforms is raising a massive $30 billion through its largest-ever bond sale. This significant funding aims to support Meta’s extensive investments in artificial intelligence infrastructure. The company anticipates higher capital expenditures next year due to these AI ambitions. Major tech firms are collectively spending billions on AI development.Read More
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