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US Senate Negotiators Announce a Deal on Gun Curbs, Breaking Logjam

Senate bargainers on Sunday announced the framework of a bipartisan response to last month’s mass shootings, a noteworthy but limited breakthrough offering modest gun curbs and stepped-up efforts to improve school safety and mental health programs. The proposal falls far short of the tougher steps long sought by President Joe Biden and many Democrats. Even […]

Reliance, Apollo Lodge US$6 Billion Bid for Boots Business

Indian conglomerate Reliance Industries has reportedly partnered with US private equity fund Apollo Global Management to buy a majority stake in UK-headquartered health & beauty retail chain Boots. Current parent, US group Walgreens Boots Alliance, is expected to retain a minority stake in the business, as high as 40 percent, according to a report by […]

Indian-American Arun Venkataraman Sworn In as US Asst Secy of Commerce

Arun Venkataraman, a leading Indian-American international trade policy expert, has been sworn in as the Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service for the International Trade Administration. In this position, Venkataraman will lead a team of over 1,400 employees strategically located in 106 offices across […]

EXPLAINER: What’s Next Now That Twitter Agreed to Musk Bid?

Twitter’s acceptance of Elon Musk’s roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform. The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the U.S. and in countries where Twitter does […]

US Market Recovers on Twitter Announcement

The US share market finished the session higher on Monday, 25 April 2022, after recouping early losses during late afternoon trade, thanks to reports that Twitter agreed to be bought by Elon Musk. However, market gains were limited amid lingering concerns that faster U. S. interest rate hikes would dent economic growth. At the close […]

Crisis Makes Sri Lankan Stocks World’s Worst Losers After Russia

MSCI Frontier Asia Index capped worst quarter in two years.

Rivian Stock Tanks After EV Maker Sees Production Constraints Hindering Sales

Rivian said it lost an adjusted $766 million in the quarter. Its letter to shareholders did not specify a per-share amount.

With the Latest Sales, Elon Musk Has Sold Nearly $12 Billion of Tesla Stock in the Past Month

Tesla CEO sells another 934,000 shares Thursday, for nearly $1 billion; but he’s also exercised options to buy more than 12 million shares since Nov. 8.

Global Bonds, Stocks Fall as Inflation Fears Mount

Global bond yields rose and most stocks fell on Monday as surging energy prices cemented worries about inflation and reinforced bets on policy tightening. Consumer and retail shares led to declines in Europe’s Stoxx 600, with luxury companies slipping after the publication of a Chinese presidential speech advancing tax legislation. U.S. futures fell after the […]

Stock Futures Are Flat as S&P 500 and Nasdaq Sit at a Record

U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August.

Dole Stock Slides 9% in Public Market Debut on NYSE

Shares of Dole closed Friday down more than 9% as the company made its return to the public markets. The stock opened at $15 per share.

Robinhood Closes at $34.82 in Its Debut Trading

Robinhood Markets Inc’s shares (HOOD.O) closed more than 8% lower at $34.82 per share on their first day of trading.