Business News Today — Markets & Economy
The latest business news today — markets, economy, companies and finance, summarized clearly and updated continuously on Plax.
Short sellers load up against SpaceX as stock drops below IPO price
About 185 million SpaceX shares are now sold short, representing roughly 29% of the company's publicly tradable float, according to S3.
CNBC · 16 Jul, 06:12 pmDallas Fed President Logan calls for 'modestly' higher interest rates
The policymaker said this week's good inflation news wasn't good enough.
CNBC · 16 Jul, 05:18 pmSen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
Sen. Elizabeth Warren says the Trump administration's rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.
CNBC · 16 Jul, 04:36 pmTech Mahindra outshines Wipro in Q1 with stronger growth, margin expansion
Tech Mahindra’s revenue rose 17.6% y-o-y to ₹15,711 crore, with a net profit of ₹1,486 crore, up 31.6%; Wipro’s revenue increased 10.6% y-o-y to ₹24,479 crore, net profit fell 4.7%
The Hindu Business · 16 Jul, 04:35 pmSBI Funds Management IPO subscribed 41.66 times on final day, driven by QIBs demand
The ₹9,813-crore IPO received bids for ₹2.98 lakh crore
The Hindu Business · 16 Jul, 04:24 pmSouth Indian Bank posts 17% rise in net profit to ₹378 crore
P R Seshadri, MD & CEO, noted consistent growth in targeted segments, focusing on quality asset acquisition in corporate lending, auto loans, and gold loans
The Hindu Business · 16 Jul, 04:21 pmOver 50% of Indian major reservoirs still half-empty
59% of the country has received deficient or no rainfall as the monsoon is 24% below normal
The Hindu Business · 16 Jul, 04:11 pmRussia to continue to meet half of India’s crude oil imports in July, August
July imports will surpass 5 million barrels per day (mb/d) with Russia accounting for around 2.6-2.7 mb/d
The Hindu Business · 16 Jul, 04:08 pmStocks making the biggest moves midday: Manpower, Abbott, UnitedHealth, TSMC & more
These are the stocks posting the largest moves in midday trading.
CNBC · 16 Jul, 04:06 pmBarclays sees FCNR inflows falling short of market hype
According to the report, expectations may have been inflated by comparisons with the RBI’s successful 2013 FCNR scheme
The Hindu Business · 16 Jul, 04:00 pmEditorial. Inflated worries
RBI can look through the spike in CPI in June
The Hindu Business · 16 Jul, 03:51 pmBanks’ have to dispose of “specified non-financial assets” acquired from a borrower within 7 years: RBI
The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases
The Hindu Business · 16 Jul, 03:47 pmGates Medical Research Institute, Serum Institute ink agreement to manufacture novel TB vaccine
SII to invest $ 100 million to be manufacture-ready
The Hindu Business · 16 Jul, 03:45 pmDynamic airfare regime essential for aviation growth, Centre to explain to Supreme Court: Civil Aviation Minister
Minister says dynamic pricing is global practice; government intervenes only when it detects predatory pricing
The Hindu Business · 16 Jul, 03:44 pmStocks making the biggest moves premarket: UnitedHealth, TSMC, GE Aerospace, J.B. Hunt & more
These are the stocks posting the largest moves in the premarket.
CNBC · 16 Jul, 12:00 pmFed Chairman Kevin Warsh's testimony to Senate banking committee hits on economy, interest rates
As part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House financial services committee.
CNBC · 15 Jul, 10:05 pmNew York Fed President Williams says inflation has peaked, rates 'well positioned'
Williams cited five reasons why he expects the latest price surge has run its course.
CNBC · 15 Jul, 05:31 pmAnthropic moves closer to mega-IPO as bankers line up investor meetings
Anthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.
CNBC · 15 Jul, 05:22 pmStocks making the biggest moves midday: SpaceX, Apple, PayPal, Cava, Progressive, Micron & more
These are the stocks posting the largest moves in midday trading.
CNBC · 15 Jul, 04:28 pmWarren Buffett on the market today: 'It's tough to find values when everybody is preferring gambling'
The investor has been sharply critical of the stock market, one that he says is increasingly defined by speculative trading as opposed to long-term investing.
CNBC · 15 Jul, 03:08 pm‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding
JPMorgan Chase CEO Jamie Dimon unveiled a $24 million package to bolster American shipbuilding, funding a new submarine facility at the Philadelphia Navy Yard.
CNBC · 15 Jul, 01:45 pmBuffett says Trump's pick of Kevin Warsh for Fed chair was 'good choice'
Warren Buffett believes Fed Chair Kevin Warsh will do the best job he can.
CNBC · 15 Jul, 12:21 pm