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Nike shares rose nearly ‍4% in early trading on Wednesday ​after Apple CEO Tim Cook doubled his personal stake ⁠in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.
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Wall ‍Street ​indexes opened nearly flat ⁠in shortened Christmas Eve trading on ‌Wednesday, ‌as traders wait to ‌see whether stocks can extend record gains in a seasonally ​strong ​stretch for markets.
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The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening.
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State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received approval from the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT), an official statement said on Wednesday.
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Copper advanced for a sixth straight session to ‍an all-time high close of $12,300 ​on Wednesday as robust U.S. economic growth boosted demand prospects ⁠and a weaker dollar supported prices.
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U.S. investors may soon ​have access to a greater array of products tied to asset classes like private credit and crypto as the Trump ⁠administration and SEC push to open markets, a change that some investment advisors say puts too much onus on individuals to protect themselves.
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Seven large-cap stocks, including Vedanta, Shriram Finance, Hindustan Zinc and Hindalco, hit fresh 52-week highs on Wednesday despite a weak broader market.
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Housing sales are estimated to decline 16 per cent in the October-December period to 98,019 units across the top 9 cities on lower demand as well as a fall in new supply of residential properties, according to PropEquity.
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Realty firm J Estates has bought three land parcels in Gurugram to develop more than 450 homes for the elderly and is expecting a total revenue of around Rs 2,100 crore from these three upcoming projects.
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The latest intervention from the central bank through liquidity ‍injection will ensure a sustained ​rise in government bond prices, as well as ensure banking ⁠system liquidity stays at an optimal level till the end of this financial year, traders said.
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