The UK’s benchmark FTSE 100 index was on track to end a four-week losing streak on Friday after a series of economic data releases weakened expectations of an immediate interest rate hike from the Bank of England. The blue-chip index rose 0.21% by 11:18 am GMT, while the midcap FTSE 250 gained 0.57%. Investors appeared
Ethereum has been struggling to stay above the $ 2,200 level over the past few days and now risks dropping below $2,100. Institutional and retail demand have been declining over the past few days, suggesting that investors lack confidence in Ethereum at the moment. The momentum indicators also paint a neutral picture, with the $2,067
Indian drugmaker Torrent Pharmaceuticals reported a 21.9% decline in fourth-quarter profit on Friday, as acquisition-related expenses linked to its deal with JB Chemicals and Pharmaceuticals weighed on earnings despite strong revenue growth. The company posted a consolidated net profit of 3.89 billion rupees ($40.65 million) for the quarter ended March 31, compared with 4.98 billion
Shares of Estée Lauder (EL) climbed sharply on Friday after the cosmetics company and Spanish beauty group Puig Brands announced they had terminated merger discussions that could have created one of the world’s largest luxury beauty companies. Estée Lauder shares rose roughly 11% in premarket trading, putting the stock on track for its strongest single-day
Wall Street opened higher on Friday ahead of the Memorial Day holiday weekend as investors monitored ongoing diplomatic efforts surrounding the nearly three-month-long conflict in the Middle East, while easing Treasury yields and continued enthusiasm around artificial intelligence supported broader market sentiment. The Dow Jones Industrial Average rose roughly 373 points, or 0.74%, while the
Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110. Workday stock is soaring after earnings report WDAY stock has been under pressure in the past few years, moving from a
Quantum-computing stocks surged in premarket trading on Thursday after a Wall Street Journal report said the Trump administration plans to award roughly $2 billion in grants to nine quantum technology companies, marking one of the biggest government pushes yet into the emerging industry. Shares of IBM (IBM) rose about 7% before the opening bell, while
The British pound traded largely unchanged against the US dollar on Thursday as investors focused on developments surrounding the Iran war, while also assessing weaker-than-expected surveys of UK business activity. Sterling was flat at $1.3437 against the dollar. Against the euro, the pound rose 0.13% to 86.42 pence. The broader currency market remained sensitive to
The number of Americans filing new applications for unemployment benefits fell slightly last week, suggesting the US labor market remains relatively stable even as policymakers grow increasingly concerned about inflation pressures tied to the conflict between Israel and Iran. Data released on Thursday showed initial claims for state unemployment benefits dropped by 3,000 to a
Shares of Walmart (WMT) fell on Thursday after the retail giant reported quarterly results that met earnings expectations but issued a softer-than-expected profit outlook for the current quarter, disappointing investors despite continued sales growth and strong e-commerce momentum. The company said rising fuel prices are beginning to alter consumer spending patterns, pushing more budget-conscious shoppers