Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

New Delhi: <keyword id="22803368" type="General" weightage="100" keywordseo="Smartworks-Coworking-Spaces" source="keywords">Smartworks Coworking Spaces</keyword> Ltd has filed preliminary papers with capital markets regulator <keyword id="19901201" type="General" weightage="20" keywordseo="Sebi" source="keywords" meta.keywordsubtype="org" meta.entityname="Sebi" meta.hostid="345" meta.entityid="Sebi">Sebi</keyword> to raise funds through an <keyword id="19913114" type="General" weightage="20" keywordseo="initial-public-offering" source="keywords">initial public offering</keyword> (IPO). The proposed initial share sale is a combination of a <keyword id="20953853" type="General" weightage="20" keywordseo="fresh-issue" source="keywords">fresh issue</keyword> of equity shares worth Rs 550 crore and an Offer For Sale (OFS) of 67.59 lakh shares by promoters, according to the <keyword id="20076796" type="General" weightage="20" keywordseo="Draft-Red-Herring-Prospectus" source="keywords">Draft Red Herring Prospectus</keyword> (DRHP). The city-based company may consider raising Rs 110 crore through a <keyword id="22244028" type="General" weightage="20" keywordseo="pre-IPO-placement" source="keywords">pre-IPO placement</keyword>. If such placement is undertaken, the amount raised will be deducted from the total fresh issue size. Proceeds from the fresh issue to the tune of Rs 282.30 crore will be used for capital expenditure related to the fit-outs in new centres and security deposits for these new centres, Rs 140 crore will be allocated for payment of loans and the remaining funds will be utilized for general corporate purposes. Smartworks Coworking Spaces Ltd is a leading platform for office experiences and managed campuses. It specialises in leasing large, bare-shell properties in prime locations and transforming them into fully serviced, tech-enabled campuses with modern amenities. These campuses include cafeterias, sports zones, gyms, crA"ches, medical centres, and more, offering a modern and attractive work environment. The company cater to businesses of all sizes, with a focus on mid-to-large companies that need over 300 seats. The company is concentrated in cities including Bengaluru, Mumbai Metropolitan Region, Hyderabad, Gurugram and Chennai. India's commercial office space was about 841.2 million square feet as of March 31, 2024, and is expected to grow at an annual rate of 6.71 per cent to 1,079.3 million square feet by the end of 2027, as per the draft papers. Flexible workspaces have become a key part of modern work culture, supporting different working styles and adding flexibility to the office market. JM Financial Ltd, BOB Capital Markets Ltd, IIFL Securities Ltd and Kotak Mahindra Capital Company Ltd are responsible for managing the company's IPO process.

Smartworks Coworking Spaces files IPO papers with Sebi; eyes Rs 550 crore via fresh issue

<ul><li><keyword id="19906778" type="General" weightage="100" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> has delayed hiring of 2000 young professionals</li><li><keyword id="20033579" type="General" weightage="20" keywordseo="NITES" source="keywords" meta.keywordsubtype="org" meta.entityname="NITES" meta.hostid="261" meta.entityid="NITES">NITES</keyword> has filed a complaint in the matter</li><li>Infosys is also making headlines for its new Power Programme</li></ul> The Nascent Information Technology Employees Senate (NITES), a Pune-based <keyword id="22859482" type="General" weightage="20" keywordseo="IT-employee-union" source="keywords">IT employee union</keyword>, has filed a formal complaint with the Ministry of Labour and Employment against Infosys. The union alleges that Infosys has delayed the <keyword id="22570539" type="General" weightage="20" keywordseo="onboarding-process" source="keywords">onboarding process</keyword> for around 2,000 <keyword id="22859483" type="General" weightage="20" keywordseo="fresh-engineering-graduates" source="keywords">fresh engineering graduates</keyword> for over two years, leaving them in a state of uncertainty and distress. <h2>Infosys delayed freshers' onboarding for more than two years</h2>According to NITES, these graduates were selected for roles such as system engineer and digital specialist engineer as early as April 2022. Despite receiving offer letters, the onboarding process has been repeatedly postponed. The affected graduates were required to participate in unpaid pre-training programs and undergo additional, unexpected assessments, further complicating their entry into the workforce. NITES claims that despite fulfilling all the prerequisites set by Infosys, these young professionals have been kept in limbo, leading to significant frustration and anxiety. The union views this situation as a serious breach of trust by Infosys, which has long been regarded as one of the pillars of India’s IT industry. Harpreet Singh Saluja, President of NITES, expressed deep concern over the situation, emphasizing the broader implications for the Indian IT sector. “We believe that this is not just a breach of trust by one of India’s largest IT companies, but also a significant issue that impacts the future of our country’s <keyword id="22360158" type="General" weightage="20" keywordseo="IT-workforce" source="keywords">IT workforce</keyword> and economy. We are calling on the government to take immediate and strict action against Infosys to ensure that such exploitative practices are halted and that the rights of these young professionals are protected,” Saluja said, according to a report by The Economic Times. The complaint filed by NITES highlights that even after long delays, the graduates were asked to participate in an unpaid virtual pre-training program from July 1 to July 24, 2024. They were promised final joining dates of either August 19 or September 2, 2024. However, despite completing the training, they were informed that they would need to retake the exam offline, once again without pay. This has only added to their frustration and uncertainty about their future with the company. <h2>Infosys’ Power Programme</h2>In a contrasting development, Infosys is also making headlines for its recent campus placement drive, where it has introduced a new 'power programme.' According to a report by The Times of India, the company is offering pay packages of up to Rs 9 lakh per annum to select colleges, a significant increase from its standard entry-level packages, which typically range from Rs 3-3.5 lakh. This move is seen as part of Infosys’ strategy to attract highly specialized talent in areas such as coding, software development, cloud computing, AI/ML, and cybersecurity. Infosys plans to hire between 15,000 and 20,000 graduates in FY25. During its earnings call last month, Infosys announced plans to resume campus placements and off-campus fresher hiring in the current fiscal year. The top four IT firms in India are expected to collectively add about 82,000 freshers in FY25. Among them, HCLTech and <keyword id="19945574" type="General" weightage="20" keywordseo="wipro" source="keywords">Wipro</keyword> plan to hire 10,000 and up to 12,000 freshers, respectively. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/work-life-balance-is-a-myth-photo-of-man-working-in-front-of-momo-stall-goes-viral-internet-reacts/articleshow/112516510.cms" data-type="tilCustomLink" target="_blank">'Work-life balance is a myth’: Photo of man working in front of momo stall goes viral, Internet reacts</a> <a href="https://www.businessinsider.in/tech/article/arrange-or-love-marriage-debate-is-passe-people-are-now-marrying-their-ai-partners/articleshow/112522764.cms" data-type="tilCustomLink" target="_blank">Arrange or love marriage debate is passe, people are now marrying their AI partners</a>

Infosys delays onboarding of 2,000 graduates for more than 2 years, NITES files complaint

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Good morning! Tired of having to check your email when you're supposed to be off the clock? A growing number of countries are implementing laws that make those <a target="_blank" href="https://www.businessinsider.com/ban-after-hours-work-calls-emails-could-bring-trouble-peace-2024-11">late-night emails from your boss illegal</a>.In today's big story, OpenAI's next big AI model <a target="_blank" href="https://www.businessinsider.com/openai-orion-model-scaling-law-silicon-valley-chatgpt-2024-11">isn't showing massive improvement over previous versions</a>, and it could be a sign of a new era.What's on deck:<ul><li>Markets: Prediction markets were one of the big winners of the election. <a target="_blank" href="https://www.businessinsider.com/polymarket-kalshi-trump-victory-future-prediction-markets-2024-11">So now what</a>?</li><li>Tech: The key role YouTube played <a target="_blank" href="https://www.businessinsider.com/youtube-donald-trump-podcasts-joe-rogan2024-11">in helping Trump get elected</a>.</li><li>Business: These companies <a target="_blank" href="https://www.businessinsider.com/companies-raising-prices-trump-tariffs-inflation-goods-getting-more-expensive-2024-11">have signaled they might increase prices</a> because of Trump's trade plans.</li></ul>But first, not so fast.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Big leaps to baby steps</h2><div type="image" title="Image of Sam Altman" height="1355" width="1920" msid="115221991" hostid="261" sizebytes="24236"></div>The fastest-growing sector of tech is facing a serious speed bump.OpenAI's next artificial intelligence model, Orion, reportedly isn't showing the massive leap in improvement previous versions have enjoyed. That's leading to bigger questions about how quickly <a target="_blank" href="https://www.businessinsider.com/openai-orion-model-scaling-law-silicon-valley-chatgpt-2024-11">we can expect future generative-AI models to keep getting better</a>, writes Business Insider's Hasan Chowdhury and Beatrice Nolan.Some OpenAI employees who have used and tested Orion told The Information its improvements are only moderate and smaller than what users saw going from GPT-3 to GPT-4.It's an astounding revelation when you consider the stakes. OpenAI is considered the leading AI company, and we're learning that its most important new product may not be that much better than something it released about 20 months ago — a lifetime in the AI industry.It also undermines a core assumption about the future of generative AI: If you add more data and computing power, you get smarter and more powerful AI models. This "scaling law" is the consensus view now, yet OpenAI is reportedly struggling with it.Top AI players have eye-popping valuations based on the promise that AI models will keep getting smarter and better with time. If that growth trajectory slows, it could lead to difficult questions, particularly from investors bankrolling the hundreds of billions of dollars companies are pouring into these projects.<div type="image" title="An eye in the center while abstract swirls, numbers and chat bubbles surround it" height="1080" width="2160" msid="115221987" hostid="261" sizebytes="520698"></div>So what's holding AI models back from making another big jump?AI models are already burning through text, with one estimate predicting they'll run out of material by 2028. Companies are trying to circumvent the issue with synthetic data, <a target="_blank" href="https://www.businessinsider.com/ai-synthetic-data-industry-debate-over-fake-2024-8">but that might not be a viable solution</a>.Using more computing also comes with limitations and has the added hurdle of <a target="_blank" href="https://www.businessinsider.com/amazon-data-centers-delays-costs-power-labor-shortages-aws-ai-2024-10">needing significant power</a>. The biggest companies in the world are struggling to find cost-efficient energy sources for the massive data centers they're building as part of their AI strategy.There was always an expectation that things might slow down a bit. In July, one OpenAI customer told BI he thought the newest iteration <a target="_blank" href="https://www.businessinsider.com/openai-gpt5-gpt4-expectations-ai-2024-7">would be like going from undergrad to a PhD program</a>, as opposed to the jump from GPT-3 to GPT-4, which was like "grade school to undergrad."More resources can help address those issues to a degree, but the improvements still might not mirror what we saw in the early days of generative AI. If that's the case, investors might be unwilling to open their wallets for something they view as having diminishing returns.Even if they shell out the cash, companies will likely price their products accordingly to recoup those investments. That's a tricky proposition, as <a target="_blank" href="https://www.businessinsider.com/for-ai-models-good-enough-is-good-enough-2024-5">"good enough" is fine for plenty of users</a>.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>New York Times tech workers are <a target="_blank" href="https://www.businessinsider.com/the-new-york-times-tech-workers-ending-their-labor-strike-2024-11">ending their strike</a>.</li><li>Anthony Scaramucci tells BI Trump's economic plans could cause a <a target="_blank" rel="noopener" href="https://www.businessinsider.com/stock-market-crash-risk-outlook-trump-deportation-tariff-anthony-scaramucci-2024-11">1920s-style stock-market crash</a>.</li><li>Bitcoin hits fresh record near $85,000 as investors keep <a target="_blank" href="https://markets.businessinsider.com/news/currencies/bitcoin-record-price-outlook-crypto-trump-election-digital-assets-altcoins-2024-11">cheering 'crypto president' Trump</a>.</li><li>The winners of Wall Street bonus season this year: <a target="_blank" href="https://www.businessinsider.com/wall-street-bonus-season-alan-johnson-associates-report-underwriters-2024-11">the underwriters</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="Dice with the faces of Trump, Musk, RFK, and Zelensky" height="1500" width="2000" msid="115221989" hostid="261" sizebytes="103426"></div><ol><li>Betting markets are taking their victory lap and already thinking about what's next. Besides Donald Trump — and maybe Elon Musk — betting markets were arguably one of the biggest winners on election night, having predicted a resounding Trump victory. Insiders spoke to BI about how the betting markets' success <a target="_blank" href="https://www.businessinsider.com/polymarket-kalshi-trump-victory-future-prediction-markets-2024-11">could impact traditional polls and the media</a>.</li><li>Morgan Stanley teams up with Carta on the eve of an IPO boom. Carta, which helps startups and investors track company ownership, will refer clients looking to go public to Morgan Stanley. Jed Finn, the bank's wealth boss, explained how the partnership will benefit both sides <a target="_blank" href="https://www.businessinsider.com/morgan-stanley-partners-with-carta-startup-ipos-wealth-2024-11">in an exclusive interview with BI</a>.</li><li>Putting a number on the impact of Trump's potential tax cuts. Goldman Sachs said the S&amp;P 500 earnings could rise more than 20% over the next two years <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-tax-cuts-tariffs-stock-market-sp500-inflation-china-trade-war-2024-11">if Trump cuts corporate taxes like he said he would</a>. The president-elect's blanket tariff proposal could have the opposite effect, but Wharton professor Jeremy Siegel said Trump's so focused on appealing to investors <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-policies-tax-cuts-inflation-government-debt-deficit-jeremy-siegel-2024-11">he might soften his economic agenda to suit them better</a>.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Distorted Youtube logo with election imagery." height="900" width="1200" msid="115221994" hostid="261" sizebytes="215788"></div><ol><li>This election, social media killed the TV star. Donald Trump spent a lot of time on the campaign trail with podcasters like Joe Rogan, <a target="_blank" href="https://www.businessinsider.com/youtube-donald-trump-podcasts-joe-rogan2024-11">who have huge YouTube followings</a> and benefit from the platform's content-recommendation algorithm. Now, the Trump administration might turn away from TV and <a target="_blank" href="https://www.businessinsider.com/twitter-donald-trump-elon-musk-2024-11">embrace new media even further</a>, given the president-elect's bromance with X owner Elon Musk.</li><li>A $3 billion healthcare startup just cut some physical therapists as it turns to AI. Sword Health, which provides virtual care for problems like muscle and joint pain, laid off more than a dozen of its clinical workforce in October, three former employees told BI. <a target="_blank" href="https://www.businessinsider.com/3-billion-sword-health-cuts-physical-therapists-2024-11">The cuts came as the startup ramps up its AI platform to treat patients</a>.</li><li>Trump's trade plan could make things muy difícil for Elon Musk. Tesla's planned $10 billion gigafactory in Mexico will hit a major roadblock if Trump pursues the massive tax he's discussed putting on vehicles imported from Mexico. Musk isn't alone — analysts warned <a target="_blank" href="https://www.businessinsider.com/trump-tariffs-threaten-elon-musk-tesla-mexico-factory-limbo-2024-11">tariffs on imported cars from Mexico would seriously hurt US automakers</a>.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="Photo illustration of a lightbulb with the globe painted on it" height="960" width="1920" msid="115221992" hostid="261" sizebytes="26616"></div><ol><li>Trailblazing for a sustainable future. Solving the climate crisis will take innovation and action across industries like energy, transportation, agriculture, and finance. BI identified <a target="_blank" href="https://www.businessinsider.com/climate-action-15-global-leaders-innovating-climate-solutions-2024-11">15 entrepreneurs, policymakers, organizers, and academics</a> around the globe confronting the crisis head-on.</li><li>Expect the price of these goods to go up if Trump enacts his trade plan. Three executives have already warned they plan to raise prices if the president-elect implements the aggressive tariff proposal he campaigned on. "<a target="_blank" href="https://www.businessinsider.com/companies-raising-prices-trump-tariffs-inflation-goods-getting-more-expensive-2024-11">It's going to be very, very difficult to keep products affordable for Americans</a>," one CEO said.</li><li>Key players in Trump administration 2.0. From the wily campaign strategist who will be the first female presidential chief of staff to the ex-ICE director tapped to be "border czar," <a target="_blank" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">these are the people shaping key policies</a> for the next 4 years.</li></ol><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>New York judge Juan Merchan rules on claims of presidential immunity in Donald Trump's hush-money case. Trump's defense has argued that the prosecution should not have been allowed to use some evidence in the case.</li><li>Jack Teixeira, the national guardsmen who pled guilty to leaking sensitive military documents on Ukraine online, is sentenced in Massachusetts court.</li><li>Home Depot and other companies report earnings.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Ella Hopkins, associate editor, in London. Hallam Bullock, senior editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

OpenAI reportedly facing issues with its new AI model is a red flag for the entire industry

<ul class="summary-list"><li>Chip stocks tumbled Tuesday, with NVDA and AMD down 5% and ASML plunging 16%.</li><li>The downturn came as ASML lowered its 2025 sales guidance. </li></ul>Semiconductor stocks fell Tuesday after ASML slashed guidance for next year, and as the sector mulled reports that the US was weighing a cap on chip exports from some American companies.ASML, Europe's most valuable tech company, plunged 16% in its biggest single-day drop since 1998. Other chip stocks followed, with NVDA dipping almost 5%, AMD falling 5.3%, and Broadcom tumbling 3.5% around midday Tuesday.SMCI, meanwhile, fell as much as 3.4% earlier in the day before paring most losses.The industry's downturn comes after ASML, a Dutch chip machine maker, posted a downbeat earnings report and cut its sales guidance for next year. The report's forward guidance lowered total net sales for 2025 to between €30 billion and €35 billion, the lower half of the previously stated range, citing weak demand from chipmakers for its machinery."It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness," CEO Christophe Fouquet said in a statement.ASML's third quarter bookings were €2.6 billion, coming in under half the average estimate of €5.39 billion, according to a Bloomberg survey.The report was posted a day earlier than expected, adding to the surprise of the results and lower guidance. Flows into AI stocks slowed over the summer as investors <a target="_blank" href="https://www.businessinsider.com/big-tech-investors-wary-high-ai-spending-markets-selloff-nasdaq-2024-7?utm_medium=ingest&amp;utm_source=markets">expressed worries</a> about returns on huge spending on AI. Investment in the sector has rebounded in recent weeks, though, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-tests-record-highs-wall-street-defends-valuation-blackwell-2024-10?utm_medium=ingest&amp;utm_source=markets">propelling Nvidia</a> to a fresh high on Monday to help the S&amp;P 500 hit <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-today-sp500-hits-another-record-high-q3-earnings-2024-10">another record close</a>.Reports that the US is weighing a cap on chip exports from American chipmakers only compounded the industry's tumultuous start to the week.According to <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-15/us-weighs-capping-exports-of-ai-chips-from-nvidia-and-amd-to-some-countries">Bloomberg</a>, the Biden administration has been in talks to cap sales of advanced AI chips from some American chip companies—including Nvidia—to certain countries in order to protect national security.The plans would likely target Persian Gulf countries, which are increasingly interested in AI, sources told the outlet, and would build on existing restrictions that originally set out to curb China's progress in AI. Previously implemented restrictions have regulated chip shipments to over 40 countries in the Middle East, Africa, and Asia to prevent chip technology from flowing to China.

Chipmakers tumble as ASML forecast cut issues a growth warning to the sector

<ul class="summary-list"><li>McDonald's Quarter Pounder has been linked to a deadly E. coli outbreak across 10 states.</li><li>The fast-food chain <a target="_blank" class="" href="https://www.businessinsider.com/mcdonalds-fresh-beef-quarter-pounder-review-2018-3">overhauled its famous burger in 2018</a> — then reported a surge in sales.</li></ul>McDonald's push to <a target="_blank" class="" href="https://www.businessinsider.com/mcdonalds-fresh-beef-change-boosted-burger-sales-2019-6">revamp the Quarter Pounder</a> in recent years — switching to fresh beef and pushing a marketing campaign complete with "I'd rather be eating a Quarter Pounder" stickers — hit a hurdle this week with an E. coli outbreak tied to the sandwich.The Golden Arches' focus on the classic Quarter Pounder since its 2018 revamp had been paying off — leading to a 50% increase in sales during the first month after its rollout, the company said at the time.And since then, the Quarter Pounder and other "classics" like the Big Mac have made up more than 70% of food sales in recent years in McDonald's top markets, an executive said.That underlines just how important the Quarter Pounder is to McDonald's — and why it will want to address the food safety issue quickly.Investors sense the importance, too: McDonald's <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/mcd-stock">stock tumbled</a> sharply late Tuesday as the company <a target="_blank" class="" href="https://corporate.mcdonalds.com/corpmcd/our-stories/article/always-putting-food-safety-first.html">said</a> it would temporarily remove the burgers from menus in a number of states across the US."The Quarter Pounder is extremely important to the McDonald's product line," John A. Gordon, founder of Pacific Management Consulting Group and a chain restaurant analyst, told Business Insider in the wake of the E. coli outbreak news.He said a potential hit to the Quarter Pounder's reputation could negatively affect sales — and pose a challenge for McDonald's overall brand in the short term.In an internal <a target="_blank" class="" href="https://corporate.mcdonalds.com/corpmcd/our-stories/article/always-putting-food-safety-first.html">message</a> published on the company's website Tuesday, Cesar Piña, North American chief supply chain officer, said McDonald's is taking "swift and decisive" action in response to the outbreak. Piña said the illnesses could be linked to slivered onions used in the Quarter Pounder. He said those onions are sourced from a single supplier serving three distribution centers.<div type="image" title="McDonald's Quarter Pounder with fries in the background." height="2000" width="3000" msid="114485835" hostid="261" sizebytes="144746"></div><h2 id="3a93d927-2133-4977-99a5-7756401bfdd3">Revamping a McDonald's fan favorite</h2>The Quarter Pounder <a target="_blank" class="" href="https://www.businessinsider.com/then-and-now-mcdonalds-menu-items-2020-2#but-its-burger-offerings-havent-stopped-with-the-big-mac-the-quarter-pounder-was-released-in-1971-and-in-2007-mcdonalds-released-an-angus-third-pounder-burger-11">dates back to 1971</a> when franchisee Al Bernardin created the burger at his Fremont, California, store, naming the sandwich for its pre-cooked weight.In March 2018, the company announced it would stop using frozen beef patties for its Quarter Pounders and instead <a target="_blank" class="" href="https://www.businessinsider.com/how-mcdonalds-makes-burgers-fresh-beef-2018-3">switch to fresh meat</a>. It came as competitors like Wendy's were using fresh meat — and upstarts like <a target="_blank" class="" href="https://www.businessinsider.com/shake-shack-review-first-time-visit-burger-fries-shake-photos-2024-4">Shake Shack</a> were starting to draw customer attention.The transition to a new Quarter Pounder included the addition of new kitchen utensils and refrigerators at the company's locations and an advertising campaign complete with a John Goodman-voiced <a target="_blank" class="" href="https://vimeo.com/271539135">commercial</a>.At the time, McDonald's President Chris Kempczinski <a target="_blank" class="" href="https://corporate.mcdonalds.com/corpmcd/our-stories/article/fresh_beef.html">called</a> the Quarter Pounder overhaul the "most significant change to our system and restaurant operations since All Day Breakfast."A year after its release, the company said in the first quarter of 2019 it sold 40 million more Quarter Pounders than in the same quarter the previous year.The chain doesn't break out sales figures for individual menu items, but presentations to investors in recent years hint at just how important "classics" like the Quarter Pounder and Big Mac are to the business.In 2020, Ian Borden, then president of McDonald's international division — and now CFO — said long-standing menu items represented about 70% of food sales in its top markets."Our core classics are the heart of our business," he said at the time.The Quarter Pounder is similarly important to McDonald's from a branding perspective. The Golden Arches sold a whole <a target="_blank" class="" href="https://corporate.mcdonalds.com/corpmcd/our-stories/article/about-qp-fan-club.html">product line</a> devoted to it — T-shirts, mittens, calendars, and other merch, including the "I'd Rather Be Eating ... " sticker.<h2 id="261cd0b3-08cf-4309-a561-292ed0b6a229">The E. coli outbreak has killed one, the CDC Says</h2>The <a target="_blank" class="" href="https://www.cdc.gov/ecoli/outbreaks/e-coli-O157.html">CDC said</a> Tuesday that the E. coli outbreak has 49 confirmed cases across 10 states, though it said the extent of illness is likely greater. So far, 10 people have been hospitalized, and one person has died, the CDC said.While Gordon, the analyst, said affected stores will likely see a decrease in sales, he said the company's outlook in general isn't bleak."Having one menu item on a 'bad' list, shall we say, doesn't indict the whole brand," he said, citing other fast-food chains that have bounced back from food-safety incidents over time, including <a target="_blank" class="" href="https://www.businessinsider.com/e-coli-outbreak-linked-to-chipotle-2015-11">Chipotle</a> in 2015 and Jack-in-the-Box in the 1990s.Just the name "McDonald's" is worth a lot — it's ranked the No. 5 most valuable brand based on a Kantar <a target="_blank" class="" href="https://chart-na1.emarketer.com/267726/top-25-brands-worldwide-ranked-by-brand-value-2024-billions">survey</a> from earlier this year. It's the only food company in the Top 10.Still, Gordon said that repairing the Quarter Pounder's possibly dented reputation will mean McD's has some work to do. For now, he said, don't expect to see the classic sandwich in any promotions — the Quarter Pounder will be on the marketing back-burner for now."Let the heat of fire burn itself out," he said.

This is how important the Quarter Pounder is to McDonald's — and why it will want to address E. coli issues quickly

<ul class="summary-list"><li>Chinese media reported that China could rack up $850 billion in debt to help revive its economy.</li><li>The report said the nation could issue new bonds over the next three years.</li></ul>China's fiscal stimulus efforts could include racking up almost $1 trillion in fresh debt over the next several years, according to local media. Beijing could raise 6 trillion yuan, or $850 billion, by issuing treasury bonds over the next three years, sources told the outlet Caixin Global in a <a target="_blank" href="https://www.caixinglobal.com/2024-10-14/exclusive-china-may-issue-6-trillion-yuan-in-treasury-bonds-to-buttress-economy-102245341.html">report</a> this week. The money could be used as fiscal stimulus and to help "off-the-books debt" in local governments, the people added.If implemented, the measures would mark the next policy plan China has unveiled to boost its sagging economy. The government rolled out a <a target="_blank" href="https://www.businessinsider.com/china-xi-jinping-stimulus-plan-wall-street-stock-market-economy-2024-9">fresh monetary stimulus package</a> in late September, which included measures like lowering interest rates and injecting $114 billion into the nation's stock market.In a recent <a target="_blank" class="" href="https://www.businessinsider.com/china-to-increase-debt-issuance-in-bid-to-revive-economy-2024-10">briefing</a>, Lan Fo'an, China's Minister of Finance, said the nation was eyeing additional <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/china-economy-fiscal-stimulus-recovery-stock-market-rally-csi-300-2024-10">fiscal stimulus measures</a>, with the nation having a "rather large" capacity to increase its deficit, according to a CNBC <a target="_blank" href="https://www.cnbc.com/2024/10/12/chinese-finance-minister-set-to-deliver-highly-anticipated-briefing-on-stimulus.html">translation</a> of the event. The announcement lacked key details over how much stimulus could be announced, though analysts polled by Bloomberg were eying around <a target="_blank" href="https://markets.businessinsider.com/news/stocks/china-economy-fiscal-stimulus-recovery-stock-market-rally-csi-300-2024-10">$283 billion worth of stimulus</a> to be pledged.Chinese stocks were little changed on Wednesday, with the CSI 300 trading lower by 0.63% to 3,831. Hong Kong-listed stocks also wavered slightly, with the Hang Seng Index dipping 0.16% to 20,286.Forecasters have questioned the <a target="_blank" href="https://www.businessinsider.com/china-economy-stimulus-stock-market-consumer-deflation-outlook-real-estate-2024-9">efficacy of Beijing's stimulus efforts</a> if they aren't met with more fiscal spending. One researcher recently estimated that the direct effects of China's latest stimulus package may not <a target="_blank" href="https://www.businessinsider.com/china-economy-monetary-stimulus-package-xi-jinping-beijing-interest-rates-2024-10">be felt until 2025</a>, mainly because more fiscal stimulus needs to be unlocked before the policies can bolster the nation's economy.

China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy

<ul class="summary-list"><li>US stocks edged higher on Monday, with the S&amp;P 500 and Dow Jones testing record highs.</li><li>Investors await key economic data this week, including consumer confidence, revised GDP growth, and the PCE Index.</li></ul>US stocks rose on Monday, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/dow_jones">Dow Jones Industrial Average</a> testing record highs as investors prepare for fresh economic data this week.Investors will get consumer confidence data on Tuesday, another revision to second-quarter GDP growth on Thursday, and fresh inflation data on Friday with the release of the personal consumption expenditures index. The Federal Reserve's preferred inflation gauge is expected to show prices increased 2.2% last month, edging closer to the central bank's 2% target. Investors will also be digesting a lot of Fed speak during the week, with 13 speeches planned from various Fed Presidents and Governors. The chatter comes just a few days after the Fed cut interest rates by 50 basis points at the end of its policy meeting last Wednesday. In a note and an interview with CNBC on Monday, Minneapolis Fed President Neel Kashkari defended the 50 basis point rate cut, which is notable given that Kashkari was talking about the potential for further rate hikes just a few months ago.Kashkari has long been viewed as a "hawk" over the past two years as the Fed embarked on an aggressive rate hike cycle to tame inflation.But he now has shifted his view to more dovish, arguing that the Fed should cut interest rates by another 50 basis points before the end of the year."The balance of risks has shifted away from higher inflation and toward the risk of a further weakening of the labor market, warranting a lower federal funds rate," Kashkari wrote.Kashkari's dot-plot projections show the long-run fed funds rate at around 2.9%, which is higher than the 2.5% he forecasted in March.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,711.94, up 0.16% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,090.55, up 0.06% (+27.19 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,976.22, up 0.16% </li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/jd-vance-bond-market-death-spiral-interest-rates-us-debt-2024-9">JD Vance is worried about a potential 'death spiral' in the bond market, according to a recent interview.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/baby-boomers-recession-us-economy-housing-market-stocks-selloff-spending-2024-9">Baby boomer's massive wealth in the stock and housing markets presents a risk to the economy.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/rent-housing-affordability-swing-state-voters-apartments-presidential-race-redfin-2024-9">Housing affordability could be a key issue for swing state voters in November, according to Redfin.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil increased 0.13% to $71.09 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was up 0.01% to $74.50 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 0.30% to $2,654.10 an ounce.</li><li>The 10-year Treasury yield was higher by 2 basis points at 3.767%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was down 0.47% to $63,288.</li></ul>

Stock market today: Indexes extend gains as investors gear up for fresh economic data

<ul class="summary-list"><li>NASA needs a better way to nourish its astronauts on long-duration space missions, like to Mars.</li><li>Interstellar Lab designed a sustainable farming system that could address the issue.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/do-astronauts-age-slower-than-people-on-earth-2015-8">Going to space</a> has its perks but fresh, nutritious food isn't one of them.NASA's Deep Space Food Challenge, launched in 2021, asked teams worldwide to develop a sustainable way to feed and nourish astronauts on <a target="_blank" class="" href="https://www.businessinsider.com/nasa-invest-mars-pulsed-plasma-rocket-shorten-space-time-travel-2024-7">long-duration space missions, including to Mars</a>.The biotech company Interstellar Lab beat over 300 competing teams to receive NASA's $750,000 grand prize in August for its project NuCLEUS (NUtritional Closed-Loop Eco-Unit System).NuCLEUS consists of a series of cubes that resemble a large tic-tac-toe board. The cubes mostly contain <a target="_blank" class="" href="https://www.businessinsider.com/nasa-astronauts-share-successful-harvest-of-fresh-vegetables-2021-4">vegetable plants</a>, microgreens, mushrooms, or insects.<div type="image" title="nine white cubes in the shape of a human-sized tic-tac-toe board that make up the NuCLEUS farm" height="3072" width="4608" msid="113502564" hostid="261" sizebytes="190390"></div>So far, Interstellar Lab has tested 10 different vegetable and microgreen plants (including Daikon radish, broccoli, amaranth, shishito peppers, fenugreek, and onions), one <a target="_blank" class="" href="https://www.businessinsider.com/after-asteroid-volcano-nuke-mushrooms-help-humans-survive-2019-9">mushroom variety (oyster)</a>, and one insect species (black soldier flies), with plans to add more to the list.They're all fresh and edible — including the flies. The variety isn't designed for <a target="_blank" class="" href="https://www.businessinsider.com/astronaut-leland-melvin-space-food-taste-good-2023-10">astronauts' appetites</a>, though. It's for their health.Due to solar radiation, the nutritional value of prepackaged food starts to degrade after being in space for seven to eight months, which can leave astronauts on long-duration space missions <a target="_blank" class="" href="https://www.businessinsider.com/5-signs-eat-more-for-better-energy-performance-dietitian-2024-3">deficient in key vitamins</a> and minerals like magnesium, potassium, and B12, according to Barbara Belvisi, Interstellar Lab's founder and CEO.Researchers have <a target="_blank" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8747021/">found</a> that these nutritional gaps can make it difficult for astronauts to combat bone loss, muscle atrophy, cardiovascular dysfunction, and the other <a target="_blank" class="" href="https://www.businessinsider.com/space-effects-human-body-brain-bones-dna-2018-5">physiological challenges</a> that come with living in space."There was a list of specific nutrients that NASA was interested in growing fresh food to cover those gaps. And so this is where we started," Belvisi said, adding that NuCLEUS is designed to supplement prepackaged food, not replace it.For the final phase of NASA's competition, NuCLEUS produced about 22 pounds of plants and insects over 1.5 months. A single crew member on a <a target="_blank" class="" href="https://www.businessinsider.com/why-havent-we-been-to-mars-yet-2024-5">long-duration mission, like to Mars</a>, would require about 661 pounds per year (or about four times that amount), Belvisi said.She added that the version tested for NASA's competition is a prototype and the company is working on the next generation, which will be capable of producing more food.<h2 id="124beb8d-a781-4b75-bcd8-d97cdd6e2230">Farming in space with AI</h2><div type="image" title="a person in a white jumpsuit points on a pad attached to the 9-cube NuCLEUS farm system" height="4608" width="3072" msid="113502565" hostid="261" sizebytes="279710"></div><a target="_blank" class="" href="https://www.businessinsider.com/first-time-scientists-have-grown-plants-in-moon-soil-2022-5">Farming in space</a> will look very different from farming on Earth. In the case of NuCLEUS, AI does a lot of the work.Each NuCLEUS cube is a contained environment. The software that controls the lighting, humidity, and temperature in each cube manipulates the environment to provide the optimal growing conditions for each plant's nutritional content.Interstellar Lab's AI collects and processes the data, which then informs the software on how it can improve."I think this is why NASA liked it," Belvisi said of NuCLEUS. "It's because there is this smart system that is adapting itself, and the human has to do very little intervention compared to existing systems right now," she added.Another benefit is that NuCLEUS is a <a target="_blank" class="" href="https://www.businessinsider.com/inside-the-plant-chicago-closed-loop-urban-food-production-experiment-2023-8">closed-loop system</a> that can function on its own, more or less.For example, the insects eat the inedible portions of the vegetable and mushroom plants. The flies' by-products (like feces) get reincorporated as fertilizer. Even the water is recycled. Most of the waste is repurposed in some way, generating minimal trash that would otherwise take up room on a spaceship.The only outside resources NuCLEUS requires are power, additional water, and time from the crew, Belvisi said.<h2 id="7b0ea8e0-bd11-4fba-9b2d-19f1011e5ac7">Interstellar Lab is launching one of its systems into space next year</h2><div type="image" title="15 members of interstellar lab pose for the camera while standing around the 9 white cubes that make up their NuCLEUS farm project" height="3330" width="4995" msid="113502567" hostid="261" sizebytes="621794"></div>While NuCLEUS was designed with NASA astronauts in mind, Belvisi said that Interstellar Lab is also working with private companies.Interstellar Lab is scheduled to launch one of its NuCLEUS systems into space early next year — but it's not yet revealing for which company, she said.The $750,000 winnings will go partly toward upgrading NuCLEUS's hardware, readying it for space, and paying the team, Belvisi said. "It's been three years of hard work."

NASA awarded $750,000 to a business that wants to feed astronauts fresh microgreens and insects 

The Enforcement Directorate has issued fresh summons to American millionaire <keyword id="271260" type="General" weightage="90" keywordseo="neville-roy-singham" source="Orion">Neville Roy Singham</keyword> for questioning in connection with a <keyword id="6355008" type="General" weightage="20" keywordseo="money-laundering" source="Orion">money laundering</keyword> investigation linked to online news portal <keyword id="10731773" type="General" weightage="70" keywordseo="newsclick" source="Orion">NewsClick</keyword>, official sources said Thursday. The businessman, who is accused of spreading Chinese propaganda in India, is stated to be currently based in Shanghai, China. The <keyword id="12163" type="General" weightage="30" keywordseo="ed" source="Orion">ED</keyword> has issued fresh summons to <keyword id="213658" type="General" weightage="100" keywordseo="singham" source="Orion">Singham</keyword> under the provisions of the Prevention of Money Laundering Act (PMLA). This is a fresh notice issued to him after the agency got issued Letters Rogatory (LR) from a local court seeking to record his statement, the sources said. The summons have been sent to Singham on his email id and through the Chinese government channels, after the ED routed them through the Ministry of External Affairs (MEA). This is understood to be second summons issued to Singham by the ED after one was issued last year after the investigation was launched in 2021. Singham's name hit the headlines again few months back in a New York Times article. The Delhi Police, following this news piece and some "evidence" shared by ED, had also filed a FIR against him and the founders of NewsClick after this news report came to light. In a statement issued to The Hindu newspaper in October, Singham had said that the language used in the FIR filed by the Special Cell of Delhi Police "strongly suggests" that the claims were "influenced by misinformation from an article published by The New York Times." "The NYT intentionally chose not to publish all the factual rebuttals that I provided to them on July 22, 2023, prior to their publication date," Singham had charged. He also rejected the allegation of fraudulent infusion of funds through a "complex web of several entities" as mentioned in the FIR and in the NYT article. The New York Times report claimed that NewsClick was part of a global network that received funding from Singham, who allegedly works closely with the Chinese government media machine. The Enforcement Directorate had first raided the premises of NewsClick in Saidulajab area of the national capital in September, 2021 on charges of money laundering. The agency has recorded the statements of more than 25 people in this case, including that of NewsClick founder and Editor-in-chief Prabir Purkayastha. It last year attached a flat in south Delhi's Saket worth Rs 4.52 crore, which is linked to Purkayastha apart from fixed deposits worth Rs 41 lakh as part of this investigation. NewsClick had said the allegations being made against it "by certain political actors and sections of the media are unfounded and without basis in fact or law".

Fresh summons issued to Singham in NewsClick money laundering case

New Delhi: After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore. There were 12 IPOs in the mainboard segment and 40 in the SME (small and medium enterprise) segment in September. IPOs scheduled for next week, beginning October 7, are <keyword id="22922418" type="General" weightage="20" keywordseo="Garuda-Construction" source="keywords">Garuda Construction</keyword> and Engineering on the main board and <keyword id="23436926" type="General" weightage="20" keywordseo="Shiv-Texchem" source="keywords" meta.keywordsubtype="org" meta.entityname="Shiv Texchem" meta.hostid="153" meta.entityid="Shiv Texchem">Shiv Texchem</keyword> on the SME segment. Garuda Construction is seeking to raise Rs 264 crore, and Shiv Texchem is aiming for over Rs 101 crore through their respective IPOs available for public subscription during October 8-10. The stock market has seen a significant correction in the <keyword id="19911354" type="General" weightage="20" keywordseo="equity-market" source="keywords">equity market</keyword> since the start of October amid intensifying conflict between Israel and Iran. Despite the temporary slowdown, overall, the outlook for the <keyword id="19926041" type="General" weightage="100" keywordseo="IPO-market" source="keywords">IPO market</keyword> is promising, with 26 firms proposing to raise Rs 72,000 crore presently holding Sebi's approval while another 55 companies looking to garner about Rs 89,000 crore are awaiting the regulator's clearance, according to the Primedatabase. This month will see <keyword id="19908548" type="General" weightage="20" keywordseo="Hyundai-Motor-India" source="keywords">Hyundai Motor India</keyword> Ltd, the Indian arm of South Korean automaker Hyundai, hitting the primary market to raise around Rs 25,000 crore. The company's IPO is likely to be launched on October 14, according to sources. If the offering proceeds as planned, it will surpass Life Insurance Corporation's (LIC) public offering of Rs 21,000 crore, becoming the largest IPO in India's history. Moreover, 63 companies have already mobilised around Rs 64,000 crore via mainboard, marking a 29 per cent increase from Rs 49,436 crore collected by 57 firms through the route in 2023. The strong momentum in IPO markets is being driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas. In particular, strong inflows into domestic mutual funds and robust capital formation across corporate India are playing key roles, experts said. Garuda Construction and Engineering's IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The price band has been fixed at Rs 92 to Rs 95 per share. About Rs 100 crore from its fresh issuance proceeds will be utilised for working capital requirements and the balance towards general corporate purposes, including unidentified inorganic acquisitions. Shiv Texchem's IPO is a completely new offering of over 61 lakh shares and is a book-built issue of Rs 101.35 crore. It has set a price band of Rs 158 to Rs 166 per equity share for the IPO. Further, the SME IPO of Khyati Global Ventures, which opened for public subscription on October 4, will close on October 8. Additionally, six companies from the SME segment are set to list in the coming week. HVAX Technologies and Saj Hotels will debut on October 7, followed by Subam Papers and Paramount Dye Tec on October 8. NeoPolitan Pizza and Foods will begin trading on October 9, with Khyati Global Ventures to follow on October 11.

IPO market braces for brief slowdown, 2 new issues targeting Rs 365 crore next week

<ul class="summary-list"><li>US stocks slumped from record highs as traders awaited fresh economic data.</li><li>Markets are bracing for the latest GDP revision, jobless claims, and PCE inflation data in the coming days.</li></ul>US stocks were mostly lower on Wednesday, ending a record-setting streak of gains as traders looked ahead to coming economic data. The Dow Jones Industrial Average fell nearly 300 points and the S&amp;P 500 slipped from record highs, ending the day about 0.2% lower. The Nasdaq Composite eked out a small gain. Bond yields rose, with the 10-year Treasury yield up five basis points to 3.789%. Traders are looking ahead to a slew of economic releases in the latter part of the week, with the second-quarter's latest GDP revision and weekly jobless claims scheduled for Thursday morning. Personal Consumption Expenditures inflation, the Fed's preferred inflation measure, will be released on Friday.The data points should give markets more insight into the underlying strength of the US economy, which could impact the path of rate cuts into year-end and in 2025. "While we are looking for the economy to slow to a more moderate pace into year-end, our base case does not include a recession," Scott Wren, the senior global strategist at Wells Fargo said in a note on Wednesday. "Even with that view, we are aware of potential risks in coming months as the economy continues to slow (interest rate cuts won't immediately reverse the slowdown), the US elects a new president, and tensions in the Middle East and Ukraine appear to be increasing."Traders are still expecting steep rate cuts over the course of the next year. Markets have priced in a 59% chance the Fed will issue another jumbo 50 basis point cut in November, according to the CME FedWatch tool, implying a rapid pace of policy easing.On the earnings front, investors will get an update on the strength of US chipmakers when Micron Technologies reports earnings after the closing bell. The event will be an important bellwether for the AI trade as investors worry about things like return on massive spending and continued demand for AI tools. Micron, which has consistently beaten earnings and revenue expectations over the past year, rose more than 1% on Wednesday ahead of its results.Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,722.25, down 0.19% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 41,914.75, down 0.70% (-293.47 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,082.21, up 0.04% </li></ul>Here's what else is going on today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/china-economy-stimulus-bernard-arnault-6-billion-richer-lvmh-stock-2024-9">Benard Arnault added $6 billion to his net worth</a> in a day this week after China's stimulus sparked a rally in luxury stocks.</li><li>Stocks are mirroring the <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-everything-rally-returnsbull-surge-heats-up-nasdaq-gains-2024-9">early days of one of history's biggest bull markets</a>, according to one hedge fund manager.</li><li>There are <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-strong-rally-through-december-despite-election-risk-2024-9">3 things that point to a strong stock rally through December</a>, Fundstrat says.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures dropped.<a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price"> West Texas Intermediate</a> crude oil dropped 2.57% to $69.72 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, fell 2.25% to $73.48. </li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> edged 0.3% higher to $2,684 per ounce.</li><li>The 10-year Treasury yield was up five basis points to 3.789%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> slumped 0.93% to $63,239.</li></ul>

You Searched For "fresh issue" and got 11 results

Smartworks Coworking Spaces files IPO papers with Sebi; eyes Rs 550 crore via fresh issue

PTI

Infosys delays onboarding of 2,000 graduates for more than 2 years, NITES files complaint

Divyanshi Sharma

OpenAI reportedly facing issues with its new AI model is a red flag for the entire industry

Dan DeFrancesco

Chipmakers tumble as ASML forecast cut issues a growth warning to the sector

Kelly Cloonan

This is how important the Quarter Pounder is to McDonald's — and why it will want to address E. coli issues quickly

Erin Snodgrass

China could raise nearly $1 trillion of fresh debt in the next 3 years to revive its economy

Jennifer Sor

Stock market today: Indexes extend gains as investors gear up for fresh economic data

Matthew Fox

NASA awarded $750,000 to a business that wants to feed astronauts fresh microgreens and insects

Jessica Orwig

Fresh summons issued to Singham in NewsClick money laundering case

PTI

IPO market braces for brief slowdown, 2 new issues targeting Rs 365 crore next week

PTI

Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data

Jennifer Sor

Popular Keywords

Buying Guides