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NEP a flexible policy, States free to adapt according to their requirements, says Union Finance Minister
The New Education Policy 2020 is a very progressive policy and States are free to adapt it according to their requirements, Union Finance Minister Nirmala Sitharaman said in Bhubaneswar on Thursday. “The NEP 2020 is a very progressive policy. It’s a result of so many people putting their minds together and extensive consultations. I am … Read more
Nvidia’s Upcoming Earnings Could Swing the Whole Stock Market Higher
Nividia reports earnings next week, and the chipmaker’s results alone could swing the stock market. That’s according to Deepwater’s Gene Munster, who cited Wall Street’s frenzy over artificial intelligence. “All eyes are on their data center number,” he told CNBC. Nvidia’s earnings report next week could swing the overall stock market higher as Wall Street … Read more
adani hindenburg case: Sebi seeks 15-day extension to conclude, file status report in Adani-Hindenburg case
The Securities and Exchange Board of India (SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group. On Monday, the shares of Adani group companies slid 3% to 5% after Deloitte resigned as auditor of Adani Ports, … Read more
Crunch time for craft beer as pandemic, fees take their toll
Makers of Witlinger, Mad King and White Owl craft beers have either shut shop or started new ventures, while owners of Kati Patang, White Rhino and Beor 360 have scaled back their operations. Kati Patang beer, a runaway hit with its unique small-batch flavours like saffron, turmeric and lemon rind, has shrunk considerably in the … Read more
Rising Risk: US Banks Face Deposit Flight Threat With Shrinking Profits
Moody’s, the credit ratings agency, recently issued a new cautionary message concerning the U.S. banking system. What Happened: Moody’s shared in a note its decision to lower the ratings of 10 regional banks and that it is contemplating whether to downgrade several major lenders, including Bank of New York Mellon Corp (NYSE:BK), U.S. Bancorp (NYSE:USB), State Street Corp (NYSE:STT), Truist Financial Corp (NYSE:TFC), Cullen/Frost Bankers, Inc (NYSE:CFR) and Northern Trust Corp (NASDAQ:NTRS). … Read more
Inside COVID-19 vaccine stocks: Hope vs hype (NYSE:PFE)
With the pandemic in the rearview mirror, Wall Street has mixed views on the prospects of COVID-19 vaccine makers, as the group, once the favorite among investors, is grappling with a steep decline in sales amid falling infections. The FDA-Authorized COVID-19 makers in the U.S., Pfizer (NYSE:PFE), BioNTech (NASDAQ:BNTX), Moderna (NASDAQ:MRNA), and Novavax (NASDAQ:NVAX), have … Read more
America’s Growing Debt Mountain in 5 Charts
There’s a storm of private and public debt troubles that’s headed for the market. Warning signs have sprung up in rising credit card balances, delinquencies, and other indicators. Here are the signs that the US is dealing with troubles stemming from its mountain of debt. A storm of public and private debt is brewing in … Read more
Lyft Riders Will See Ads on App During Trips, Following Uber’s Lead
Lyft’s app will now feature ads when a user is booking a ride and during the trip. Its main competitor, Uber, launched video ads on several of its apps back in June. Advertisers will be able to target riders based on location, payment type, and lifestyle. The next time you take a ride with … Read more