DIRS.INFO The most relevant business & tech news

The comments follow a softer-than-expected inflation report last week, which had buoyed hopes that the Fed could scale back its hefty interest rate hikes and helped drive a euphoric market rally. The S&P 500 in the previous session logged its biggest weekly percentage gain in about five months, while the tech-heavy Nasdaq (.IXIC) notched its best week since March. "The market is expecting the Fed to continue its hawkish rhetoric on rates. ET, the S&P 500 (.SPX) was down 17.25 points, or 0.43%, at 3,975.68, and the Nasdaq Composite (.IXIC) was down 115.13 points, or 1.02%, at 11,208.20. The S&P 500 information technology sector (.SPLRCT) was down 1.2% and among the leading sectoral decliners on the benchmark index.

The comments follow a softer-than-expected inflation report last week, which had buoyed hopes that price pressures were easing and the Fed could scale back its hefty interest rate hikes. "The market is expecting the Fed to continue its hawkish rhetoric on rates," said Peter Cardillo, chief market economist at Spartan Capital Securities. Once they (Fed) raise rates at 50 (bps), there's a possibility that they might indicate slower rates." Traders now expect the Fed to hike interest rates in December by a half point, and expect terminal rate in the range of 4.75%-5.0% next year. ET, Dow e-minis were down 50 points, or 0.15%, S&P 500 e-minis were down 11.5 points, or 0.29%, and Nasdaq 100 e-minis were down 62 points, or 0.52%.

☆ Futures decline on cautious Fed tone on inflation
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures down: Dow 0.24%, S&P 0.35%, Nasdaq 0.60%Nov 14 (Reuters) - U.S. stock index futures edged lower on Monday as hawkish comments from a U.S. Federal Reserve official tempered hopes of a less aggressive pace of monetary policy tightening. Traders now expect the Fed to hike interest rates in December by a half point, and expect terminal rate in the range of 4.75%-5.0% in May 2023. ET, Dow e-minis were down 82 points, or 0.24%, S&P 500 e-minis were down 14 points, or 0.35%, and Nasdaq 100 e-minis were down 71.5 points, or 0.60%. read moreIn the week ahead, investors will closely monitor a slew of economic data, including retail sales numbers on Wednesday. Reporting by Shubham Batra, Bansari Mayur Kamdar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

[1/2] Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. "At best it reduced the likelihood of a three-quarter point rate hike in December and brought it down to a half-point hike. ET, Dow e-minis were up 148 points, or 0.44%, S&P 500 e-minis were up 19 points, or 0.48%, and Nasdaq 100 e-minis were up 69 points, or 0.59%. Shares of megacap companies extended gains in premarket trading, with Alphabet Inc (GOOGL.O) up 0.8% after a near 9% surge in the previous session. Reporting by Shubham Batra, Sruthi Shankar and Devik Jain in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Futures point to fresh gains on Wall Street
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. The S&P 500 has now rallied over 10% from its mid-October closing lows, while the Nasdaq has climbed nearly 8%, aided by better-than-expected earnings reports and hopes of a Fed slowdown. ET, Dow e-minis were up 130 points, or 0.39%, S&P 500 e-minis were up 16.25 points, or 0.41%, and Nasdaq 100 e-minis were up 66 points, or 0.57%. Shares of megacap companies extended gains in premarket trading, with Apple Inc (AAPL.O) up 0.5% after a near 9% surge in the previous session. Reporting by Shubham Batra and Sruthi Shankar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street ends sharply higher on sign of cooling inflation
▼ + stars: | 2022-11-10 | by ( Noel Randewich | ) www.reuters.com time to read: +4 min

One-time Wall Street darlings tarnished in 2022's bear market were among Thursday's strongest performers, with Nvidia (NVDA.O) jumping about 14%, Meta Platforms (META.O) climbing 10% and Alphabet (GOOGL.O) rising 7.6%. Growing recession worries have hammered Wall Street this year. The S&P 500 (.SPX) remains down about 17% year to date, and it is on course for its biggest annual decline since 2008. S&P 500's busiest tradesThe S&P 500 climbed 5.54% to end the session at 3,956.31 points. All 11 S&P 500 sector indexes rallied, led by information technology (.SPLRCT), up 8.33%, followed by a 7.74% gain in real estate (.SPLRCR).

"It takes off the table the risk that the Fed will have to overtighten and break the economy." The inflation data prompted traders to adjust their rate hike bets, with odds of a 50-basis point rate hike in December jumping to more than 80% from 52% before the data was released. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, fell to a near two-month low of 23.4 points. Wall Street's main indexes have suffered sharp losses this year as investors feared the U.S. central bank's aggressive rate hikes to tame decades-high inflation will tip the economy into recession. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 70 new highs and 93 new lows.

Every line of the report shows sequential improvement," said Art Hogan, chief market strategist at B. Riley Financial. The report prompted traders to adjust their rate hike bets, with bets of a 50-basis point rate hike in December jumping to more than 70% from 45% before the data was released. Following last week's Fed policy meeting, some U.S. central bank officials have made comments that pointed to slower rate rises over coming meetings. The Fed's policy rate is currently in a range of 3.75%-4.00%. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, fell to a near two-month low of 23.94.points.

☆ Futures rise as focus shifts to inflation data
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures up: Dow 0.09%, S&P 0.17%, Nasdaq 0.31%Nov 10 (Reuters) - U.S. stock index futures inched higher on Thursday as investor focus turned to October inflation data for clues on the path of future interest rate hikes. Traders are split on whether a 50 basis points or 75 basis points rate hike by the Fed is likely in December. ET, Dow e-minis were up 29 points, or 0.09%, S&P 500 e-minis were up 6.5 points, or 0.17%, and Nasdaq 100 e-minis were up 33.25 points, or 0.31%. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 26.56 points, and was close to a weekly high. Reporting by Shubham Batra and Bansari Mayur Kamdar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk's net worth slips below $200 billion as Tesla shares waver
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Adrees Latif/File PhotoNov 8 (Reuters) - Elon Musk's net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc (TSLA.O) shares on fears the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter. Musk now has a net worth of $194.8 billion, according to Forbes, with a big share of that coming from his nearly 15% stake in Tesla, which has a market value of $622 billion. The company has lost nearly half its market value and his net worth has dropped by $70 billion since he bid for Twitter in April. Since buying Twitter, Musk has made very few tweets on Tesla, a practice that helped him gain traction on the platform. The net worth of the world's richest person, who also owns rocket company SpaceX, is roughly $40 billion more than the second richest person, LVMH-owner Bernard Arnault.

Meta Platforms Inc (META.O) jumped over 6% following a report that the company was planning to begin large-scale layoffs this week. REUTERS/Brendan McDermid 1 2Unofficially, the S&P 500 climbed 0.96% to end the session at 3,806.90 points. S&P 500 by market capOf the 11 S&P 500 sector indexes, eight rose, led by communication services (.SPLRCL) which was up 1.83%, followed by a 1.73% gain in energy (.SPNY). Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 2.8-to-one ratio. The S&P 500 posted 18 new highs and 15 new lows; the Nasdaq recorded 93 new highs and 221 new lows.

[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Traders are now betting on 61% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners by a 1.14-to-1 ratio on the NYSE and by a 1.02-to-1 ratio on the Nasdaq. The S&P index recorded 15 new 52-week highs and 11 new lows, while the Nasdaq recorded 58 new highs and 145 new lows.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. A split government could result in political gridlock that stymies major policy changes, an outcome that investors see as favorable for equities. Shares of Meta Platforms Inc (META.O) climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week. Advancing issues outnumbered decliners for a 1.31-to-1 ratio on the NYSE and a 1.10-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and two new lows, while the Nasdaq recorded 43 new highs and 95 new lows.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo AllegriSummarySummary Companies Meta Platforms rises on report of job cutsFutures up: Dow 0.22%, S&P 0.21%, Nasdaq 0.23%Nov 7 (Reuters) - U.S. stock indexes were set to open higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday's midterm elections that will determine control of Congress. Traders are now betting on 67% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December. ET, Dow e-minis were up 72 points, or 0.22%, S&P 500 e-minis were up 7.75 points, or 0.21%, and Nasdaq 100 e-minis were up 25.25 points, or 0.23%. The CBOE Volatility index (.VIX), also known as Wall Street's fear gauge, rose to 25.38 points a day after closing at its lowest since Sept. 13.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. "In general we have seen stocks perform better after a split government, I expect that to continue." Economists expect the annual consumer prices inflation to slow to 8.0% and the core numbers to dip to 6.5%. Both the midterm elections and inflation are likely to provide major cues for Wall Street after a volatile week dominated by mixed jobs report and hawkish comments from Fed Chair Jerome Powell. All the three major U.S. stock indexes are in bear market territory, from their previous record closing highs.

☆ Wall St climbs as jobs data supports smaller rate hike prospects
▼ + stars: | 2022-11-04 | by ( Amruta Khandekar | ) www.reuters.com time to read: +4 min

"Powell should also be pleased that the unemployment rate went up from 3.6% to 3.7%. Traders' bets of a 75 basis point rate hike in December briefly rose to 64.5% after the release of the data but swiftly slipped back to around 60%. Meanwhile, CBOE's volatility index VIX, known as Wall Street's fear gauge, hit its lowest level since Sept. 9. Advancing issues outnumbered decliners by a 3.43-to-1 ratio on the NYSE and by a 1.51-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and 15 new lows, while the Nasdaq recorded 40 new highs and 98 new lows.

☆ Futures rise with all eyes on key jobs data
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +3 min

Nonfarm payrolls is expected to have increased by 200,000 jobs last month after rising 263,000 in September, according to a Reuters survey of economists. The U.S. central bank on Wednesday hiked its benchmark rate by 75 basis points as expected while hinting at smaller increases ahead. However, Fed Chair Jerome Powell said the "ultimate level" of policy rate would likely be higher than previously estimated. ET, Dow e-minis were up 197 points, or 0.62%, S&P 500 e-minis were up 29 points, or 0.78%, and Nasdaq 100 e-minis were up 84.5 points, or 0.79%. Reporting by Shubham Batra, Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

SummarySummary Companies Fed rate decision due at 2 p.m. However, U.S. private payrolls increased more than expected in October, the ADP National Employment report showed, offering further evidence that the Fed's rapid rate hikes have yet to significantly slow economic growth. The report showed private payrolls rose by 239,000 jobs last month. The non-farm payrolls report due on Friday will offer further clues on the outlook for interest rates. read more read moreTinder-owner Match Group (MTCH.O) rose 6.7% after reporting better-than-expected third-quarter revenue.

☆ India's ICICI Bank net profit jumps 37% as bad loan provisions drop
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Oct 22 (Reuters) - ICICI Bank (ICBK.NS), India's second-largest private-sector lender, reported a 37% rise in quarterly net profit on Saturday as loan growth inched up and provisions for bad loans fell. Net profit for the three-months ending Sept. 30 rose to 75.58 billion rupees ($916 million), broadly in line with analysts' estimate of 73.51 billion rupees, according to Refinitiv IBES data. Net interest income, which is the difference between interest earned and paid out, was 147.9 billion rupees, a rise of 26% on the year-earlier period, the bank said in a statement. Loans increased across segments, including large corporate, although the bank was focusing on higher rated corporate borrowers, it said. The lender is holding adequate liquidity and does not see deposit growth as constraint on the bank's overall growth, said executive director Sandeep Batra.

☆ Here's an exclusive look at the pitch deck that fintech startup WageFi used to raise its first $400,000 from former American Express and Goldman Sachs executives
▼ + stars: | 2022-10-20 | by ( Emilia David | ) www.businessinsider.com time to read: +2 min

WageFi raised $400,000 from investors include former American Express and Goldman Sachs executives. Prshant Batra, who founded the company this year and serves as its CEO, previously worked for Goldman Sachs's consumer banking unit, Marcus, and American Express. The startup plans to mainly work with small and medium-sized businesses within the service industry that WageFi believes is underserved with financial products. While this is the first institutional funding for WageFi, Batra said he's not rushing any other fundraising for the company. Here is an exclusive look at the pitch deck WageFi used to raise $400,000 in pre-seed funding.

☆ Ajutoarele trimise Indiei nu au ajuns încă la bolnavi. Guvernul a pierdut șapte zile cu proceduri birocratice, timp în care 23 000 de indieni au murit
▼ + stars: | 2021-05-06 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Medicii și oficialii locali încă raportează lipsa devastatoarelor de oxigen și a medicamentelor pentru bolnavii de COVID, fapt care ridică întrebări, inclusiv printre donatorii externi, despre destinația reală a ajutoarelor primite. „Este datoria guvernului să ne facă rost de oxigen”, a spus doctorul Gupta de la spitalul Batra din capitala New Dehli. A fost nevoie de șapte zile pentru ca guvernul să creeze un mecanism de distribuire a ajutoarelor către statele indiene, a anunțat ministrul sănătății marți. Guvernul a început să lucreze la proceduri în data de 26 aprilie și a emis Procedura Standard de Operare în data de 2 mai. În această perioadă cât guvernul a lucrat la proceduri, au murit peste 23 000 de indieni.

Persons: Gupta, Ministrul Organizations: CNN, Cruce Roșie, Ministerul Sănătății Locations: India, New Dehli, american, SUA, Rajahstan, Jodhpur, Delhi, Batra, Gupta, străinătate

☆ India anunță un număr record de morți de coronavirus, după ce a devenit prima țară din lume cu 400.000 de bolnavi pe zi
▼ + stars: | 2021-05-02 | by ( ) www.jurnal.md time to read: +3 min

Ministerul Sănătății a anunțat că 3.689 de oameni au murit în ultimele 24 de ore.Premierul Narendra Modi s-a întâlnit duminică dimineață cu ministrul Sănătății pentru a discuta despre criza sanitară. Publicația Times of India a anunțat 16 morți în statul Andhra Pradesh din cauza lipsei de oxigen din două spitale, și alte șase victime în Gurgaon, o suburbie a capitalei Delhi. Instanța Supremă din Dehli a anunțat că oficialii locali vor fi pedepsiți dacă spitalele nu sunt aprovizionate corespunzător. Ministerul Sănătății a anunțat că aproape 85.000 de oameni au primit prima doză duminică. India a folosit până acum două seruri, AstraZeneca și Covaxin, produs de compania locală Bharat Biotech.

Persons: Narendra Modi, Sâmbătă, Anthony Faucci, Narendra Organizations: BBC, Ministerul Sănătății, Sănătății, Dehli, Publicația Locations: India, Delhi, Andhra Pradesh, Gurgaon, Odisha, Maharashtra, Karnataka, Bengalul de Vest

☆ Trei partide în cinci ani și 11 ani de deputăție. Vezi traseul Violetei Ivanov, care se vrea președintă a țării din partea Partidului Șor
▼ + stars: | 2020-10-14 | by ( ) agora.md time to read: +10 min

Printre deputații deciși a fost și Violeta Ivanov, care deținea funcția de președintă a fracțiunii parlamentare. Citește și: Violeta Ivanov promite că n-o să-l dezamăgească pe Vladimir Voronin (FOCUS)„Dacă vorbim despre pantofi, îmi place Loriblu. Ulterior, Ivanov a participat la alegerile parlamentare din anul 2019 și a astfel și-a asigurat un nou mandat de deputat. Partidul Șor a anunțat că se alătură acestei inițiative, iar ulterior Ivanov a declarat că se aliază cu echipa condusă de Ilan Șor. Deputata a fost aleasă în funcție de vicepreședintă a fracțiunii parlamentare a Partidului Șor.

Persons: P . Șor, Violeta Ivanov, Ivanov, Marian Lupu, Vlad Plahotniuc, deputata, Pavel Filip, Ilan Șor, Guvernul Tarlev, Greceanîi, ., PCRM . Violeta Ivanov, Vlad Filat . Ulterior, Vladimir Voronin, Voronin, Calvin Klein, ea.md, Tahari, Margareta, Vasile Ivanov, Violeta Ivanov deţinea, Violeta Coşuneanu, Filip, Guvernul Filip, Andrei Năstase, Vladimir Vitiuc, Deputata, Renato Usatîi, Andrei Năstase Organizations: P, Partidului Democrat ., PD, Partidului Comuniștilor, PCRM, PLDM, FOCUS, Partidul Democrat, Partidului Democrat din, Partidului Democrat, Pro Moldova, Partidului, Partidul Șor, Violeta Ivanov, Calvin Klein, Tahari, Violeta Coşuneanu Locations: PCRM, Chișinău, Guvernul, . Moldova, Moldova, deputata, Tahari, străinătate, Geneva, Paris, Chişinău, Partidului Democrat din Moldova, învestire, Singapore, AGORA

Search resuls for: "BATRA"

23 mentions found