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- Lululemon shares fall after company offers weak holiday quarter guidance
Lululemon reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter. - Hasbro defends Magic: The Gathering strategy, says 'there is no evidence' cards are overprinted
Hasbro refuted reports from analysts and players that it is overprinting its Magic: The Gathering card sets. - House panel slams NFL, Washington Commanders over misconduct probe
The House panel also said the NFL and the Commanders impeded its investigation. - Jim Cramer says the economy is stabilizing and can avoid a recession
Stocks rose on Thursday, snapping the S&P 500’s longest losing streak since October. - Stocks making the biggest moves after hours: Lululemon, Costco and more
These are the stocks posting the largest moves in after-hours trading. - Former FTX CEO Sam Bankman-Fried hit with campaign finance complaint over GOP 'dark' money
CREW's campaign finance complaint against Sam Bankman-Fried comes nearly a month after his FTX crypto exchange filed for bankruptcy protection. - Jim Cramer's Investing Club meeting Thursday: Buy Disney, Salesforce downgrade, Costco earnings
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. - Harry and Meghan hit out at 'exploitation and bribery' of UK media in new Netflix documentary
Prince Harry and Meghan Markle hit out at what they called the "exploitation and bribery" of the British press in a new Netflix documentary released Thursday. - Long Covid's financial devastation: $8,000 in credit card debt, ruined retirement plans
On top of the toll it takes on their health, long Covid patients report a devastating impact on finances, including massive medical expenses and job losses. - FDA authorizes Covid omicron vaccines for children as young as 6 months old
The FDA's decision to authorize the shots for the youngest kids comes as Covid infections and hospitalizations are increasing nationally. - 'Deeply damaging mistake': UK's decision to approve a new coal mine criticized as misguided
The decision to move forward with the development has sparked a wide range of reactions. - Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
These are the stocks posting the largest moves before the bell. - 5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day. - Amid inflation and market volatility, just 12% of adults — and 29% of millionaires — feel 'wealthy'
These days, only 12% of Americans consider themselves wealthy, including just 29% of millionaires. - Tech View: Nifty forms small positive candle. What traders should do on Friday
The inside body candle on daily charts is indicating non-directional activity and indecisiveness between bulls and bears. For bulls, 18,675 would be the important breakout level to watch out for. And above the same, we can expect a quick uptrend rally up to 18,800-18,835. On the flip side, trading below 18,500 may fuel further weakness up to 18,435-18,400. - US stocks open higher after recent selloff
At 10:43 a.m. ET, the Dow Jones Industrial Average was up 241.67 points, or 0.72%, at 33,839.59, the S&P 500 was up 32.12 points, or 0.82%, at 3,966.04, and the Nasdaq Composite was up 130.60 points, or 1.19%, at 11,089.15. - First surety bond insurance launch on December 19, to boost infra liquidity: Nitin Gadkari
Speaking at the CII Global Economic Policy Summit, he said the product will boost liquidity in the infrastructure sectors. "On December 19, our ministry is launching India's first-ever surety bond insurance product...that is going to give a good relief to the contractors," he said. - Room for Indian economy to move up the ladder: Uday Kotak
“There are opportunities to move up the ladder, to be among the top three in the world, and its realisation would depend on certain metrics, including economic performance in terms of absolute GDP and absolute per capita income instead of the purchasing power parity (PPP) comparison,” he said at CII Global Economic Policy Summit 2022 here. Kotak said the country has become the fifth largest in the world at about $3.2 trillion and has huge potential. -
Congress wins a keen battle in Himachal Pradesh
The State repeats its history of voting against incumbents -
Editorial. Modi and the BJP are streets ahead of the Opposition
While Gujarat was a BJP show all the way, Himachal was a face-saver for the Congress -
Historic win for BJP in Gujarat, Congress wrests Himachal
PM underlines “less than 1%” difference between Congress-BJP vote share in Himachal -
TN ropes in Eric Solheim for advice on climate action
Solheim is part of the Geneva-based Green Hydrogen Organization which is primarily meant to develop standards for green hydrogen -
India mulls curbs on maize exports as industry complains of shortage
Prices rule above ₹2,150 a quintal on demand for exports to S-E Asia -
Paytm board to meet on December 13 to decide on buyback proposal
This is the first time the company will consider a buyback after its shares were listed in the stock exchange in November 2021 -
Why is Bisleri looking for a new owner?
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Yes Bank’s deal with JC Flowers runs into writ petition in Delhi HC
The petition states that Yes Bank will be left with no money from the recoveries based on the structure of the SRs -
Shenu Agarwal is MD & CEO of Ashok Leyland
Agarwal was previously with Escorts Kubota -
IRDAI allows foreign investors in capital raising
Move to enable domestic insurers access debt from global sources; IRDAI also allows subordinated debt to be listed in local stock exchanges -
Start-up funding drops 35% in 11 months of 2022
Decline in late-stage investments and muted seed stage rounds cited as reasons -
The track record of what UDAN has created in terms of value for the country is tremendous:
Union Minister for Civil Aviation and Steel talks about the UDAN 4.2, success of the scheme so far and the new ATF pricing mechanism -
One crore PMUY beneficiaries didn’t opt for 3 or more LPG refills in FY22
But per capita consumption has risen from 3.01 refills in FY20 to 3.68 in FY22, said Minister of State for Petroleum & Natural Gas -
Sri Lanka to resume talks on stalled trade pact with India
11 rounds of bilateral negotiations were held on the Economic and Technological Cooperation Agreement -
Letters to the Editor dated December 8, 2022
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RBI signs currency swap agreement with Maldives Monetary Authority
This agreement has been signed under the SAARC Currency Swap Framework -
Govt amends SEZ rules to allow 100% WFH for IT units in SEZs till Dec 31, 2023
Units must continue to operate from the premises; need not submit lists of employees allowed WFH -
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Enhanced HTM Limit: Banks asked to progressive reduce excess SLR by March-end 2025
Earlier this enhanced limit was available for securities acquired between September 1, 2020 and March 31, 2023 -
Reliance General seeks ₹600 crore from RCap for growth, better solvency
The funds will reflect the group’s continued support towards the subsidiary, company writes to RCap -
IRDAI opens bancassurance floodgates to deepen insurance penetration
Each bank can now have distribution tie up with as many as 9 life insurers, 9 general insurers and 9 health insurers -
$1.8 billion invested in gas exploration since 2017
Govt has taken various policy initiatives to increase domestic production of natural gas and adopted strategies for promotion of biofuels -
India remains net importer of steel in November
Imports exceeded export of finished steel by 262,000 tonnes and rose 92 per cent on y-o-y basis -
‘Modi wave’ brings a saffron tsunami in Gujarat
BJP wins unprecedented 156 seats, with a record 52.5 per cent vote share -
Trying to make sense of Bitcoin valuation
Using the Adam Hayes model, it can be observed that the observed price of Bitcon does not deviate much from the predicted price -
Bar on short-tenure loan securitisation to affect 5% deals: Crisil
Pass-through certificates are issued by trusts or special purpose vehicles to investors -
HUL acquires OZiva, Wellbeing Nutrition
Will foray into health and well-being category -
No easy time ahead for Biden
Governance likely to get more challenging -
India-UK FTA: UK’s Kemi Badenoch to meet Goyal to add momentum to talks
Sixth round of negotiations in New Delhi next week will focus on closing gaps in critical areas -
B2B vertical, e-pharmacy, social commerce — 3 emerging areas for Amazon: Manish Tiwary
Shutting down of three businesses this year had nothing to do with market environment, meeting profitability: Tiwary -
GM mustard: Herbicide use will be limited to seed production only, says govt
Field trials showed 28 per cent higher yield, no impact on honey bees, says Minister Jitendra Singh -
The Assam factor in India’s G20 Presidency
Thanks to its strategic location and much improved infrastructure, Assam can become the gateway to the Asia-Pacific
