Shares of AppLovin Corp dropped by 3.3% in pre-market trading on Monday after a downgrade from Goldman Sachs. The investment bank revised its rating on the mobile advertising tech company from “buy” to “neutral,” citing concerns over the stock’s recent surge and potential risk/reward balance. Bomb Threat In Air India Flight Company Performance AppLovin’s stock…
An Air India flight from Mumbai to New York was diverted to Delhi on Monday morning due to a bomb threat. The flight, AI119, carrying 239 passengers and crew, made an emergency landing at Delhi’s Indira Gandhi International (IGI) Airport. All passengers were safely evacuated, and security protocols were put in place to ensure their…
Shares of Avenue Supermarts, the parent company of DMart, plunged by over 9% on Monday, October 14, 2024, hitting an intraday low of Rs 4,143.60. The drop followed the release of the company’s Q2 FY25 results, which fell short of market expectations, leading several analysts to revise their forecasts for the company. Company Performance: DMart…
Cathie Wood, CEO of Ark Investment Management, is known for her bold investments in small- and mid-cap tech stocks. However, in a recent move, Wood has shifted focus towards mega-cap stocks by investing $15 million in tech giants like Amazon and Meta. This strategy aims to balance her high-risk portfolios with more stable, well-established companies….
The S&P 500 continues its bullish momentum with a 60% rise in two years, but can it maintain the pace? Here’s what experts say. Introduction The bull market in the S&P 500 (^GSPC) is now two years old, and analysts believe there’s room for more growth. Boosted by artificial intelligence (AI) optimism and a resilient…
Siemens, a global leader in engineering and technology, is navigating a new phase of growth with its online digital platform, Xcelerator, at the forefront. Amid challenges from weakened demand in key markets such as China and Europe, Siemens is leveraging this innovative platform to maintain its competitive edge and drive future success. Here’s a closer…
Ratan Tata, a titan of Indian industry, renowned philanthropist, and iconic leader, passed away recently at the age of 86, leaving behind a legacy etched not just in India but across global business circles. His passing has prompted a reflection on his numerous accomplishments, one of the most significant being the acquisition of Jaguar and…
While sleek sports cars and luxurious vehicles often capture the limelight, the modest “people’s car” holds a special place in automotive history. The quest to create affordable, accessible transportation for the masses has always been an intriguing challenge. Today, Tata Motors is leading India’s transition into the electric vehicle (EV) era. However, the journey of…
Boeing has pulled back a significant contract offer that would have provided a 30% pay raise over four years to its striking workers after talks between the company and the union collapsed. The aerospace giant had initially enhanced its proposal for take-home pay and retirement benefits during two days of intense negotiations, but disagreements persisted,…
Tesla, the American electric vehicle (EV) giant, continues to make strides in China’s rapidly growing EV market. According to data released by the China Passenger Car Association (CPCA), Tesla’s China-made electric vehicle sales witnessed a 19.2% year-on-year growth in September 2024. This increase underscores the growing demand for Tesla’s locally manufactured Model 3 and Model…