Gautam Adani hikes stake in two group companies
Billionaire Gautam Adani-led promoter group has increased stake in two of the group’s listed companies. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The promoter group has also increased stake in Adani Ports and Special Economic Zone Ltd.
Stocks making the biggest moves after hours: FedEx, Nike, U.S. Steel and more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Darden Restaurants, Micron Technology, Lamb Weston, Hims & Hers and more
These are the stocks posting the largest moves in midday trading.
Wall Street’s fear gauge — the VIX — saw second-biggest spike ever on Wednesday
The CBOE Volatility Index (.VIX) surged 74% to close at 27.62, up from around 15 earlier in the day.
Stocks making the biggest moves premarket: Micron, Lamb Weston, Darden, Lennar, Carmax and more
These are the stocks posting the largest moves in premarket trading.
CXO pay in India inches close to that of US peers
Indian CXO salaries are catching up to US counterparts. Multinationals and GCCs are giving higher pay and stock options. This rise is due to increased responsibilities and India’s growing importance. The ‘2 in a box’ model promotes collaboration. India’s cost-effectiveness and skilled workforce contribute to this trend.
Chinese self-driving trucking company pivots to generative AI for video games
Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
The Fed sees only two rate cuts in 2025, fewer than previously projected
The so-called dot-plot, which indicates individual members’ expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November.
Stocks making the biggest moves midday: Nvidia, Ollie’s Bargain Outlet, Birkenstock, Disney and more
These are the stocks posting the largest moves in midday trading.