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Stock market closing 11 July: Markets close flat as auto, pharma and healthcare indices lag
India VIX shed 3.03% during the day. Nifty microcap gained, while auto, healthcare, pharma, and rea…
Analyst blasts American Airlines for troubling 'lack of vigor' and action to improve financial performance
JP Morgan analysts criticized American Airlines, which reported a 46% decline in Q2 2024 profits, f…
Benjamin Zhang
Banks write off loans worth ₹9.90 lakh crore in last 5 financial years
"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…
PTI
Financial constraints often trap domestic violence victims. Los Angeles thinks a basic income is a solution.
A basic income pilot in LA not only improved food and housing security, it helped people leave abus…
Katie Balevic,Kenneth Niemeyer
Birmingham gave single mothers $375 monthly for a year, no strings attached. Participants felt more financially stable, but 'losing the money hurt.'
An Alabama guaranteed basic income program gave single mothers $375 a month for a year. Participant…
Allie Kelly
Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%
At 34% of the total quarterly revenue, banking, financial services & insurance was the company's bi…
Infosys Q1FY25 results: Net profits jump 7.1%, revenue beats market estimates at Rs 39,315 crore
India's IT giant's Q1FY25 net profit surged 7.1% YoY to Rs 6,368 crore, while revenue was up 3.6% t…
Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts
Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj …
PTI
Blue skies, bold investments: Pleasant weather drives investors to buy more high-risk stocks, study finds
Imagine waking up to a sunlit morning, where the sky is painted with vibrant hues of blue and the a…
Home sweet hindrance? Positive events in one’s personal and family life can be bad for business, study finds!
Have you heard the phrase “a happy home makes for a happy life”? It's often believed that contentme…
93% of Lok Sabha 2024 poll winners are crorepatis: ADR analysis
A staggering 93 per cent of the candidates who won the 2024 Lok Sabha elections are crorepatis, up …
PTI
IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
Universal basic income is 'straight out of the Karl Marx playbook,' financial guru Dave Ramsey says
Handing out cash with no strings attached discourages people from working and reaping the rewards o…
Theron Mohamed
The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says
The Fed is shifting its gradualist stance amid uncertain labor market data, which will prompt steep…
Kelly Cloonan
Beyond banking: How Slack is reshaping financial services for the digital age
In the ever-evolving landscape of financial services, technology has become the cornerstone of inno…
GPT-4 is better than humans at financial forecasting, new study shows
Trading strategies based on GPT-4 delivered more profitable results than the broader stock market, …
Matthew Fox
AI could help predict the financial earnings of companies as large as Apple, researchers say
A group of University of Chicago researchers found that GPT-4 outperformed human financial analysts…
Lloyd Lee
Silicon Valley financial software giant Intuit to pay back $555,000 to 2,600 workers over missed overtime payments
The DOL said Intuit hadn't kept accurate pay records and hadn't paid workers for some time spent on…
Grace Dean
Foreign investors take out Rs 14,800 crore from equities in June on poll results, attractive Chinese stock valuations
Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this mo…
PTI
Stocks continue to consolidate ahead of Lok Sabha election results
Risk aversion in Indian stocks continued on Thursday morning, as the indices opened the session on …