In intraday trading on Wednesday, shares of Hawaiian Holdings (HA) shot up 6% as the parent company of Hawaiian Airlines consented to extend the period for the U.S. Department of Justice to assess its planned acquisition by Alaska Air Group (ALK). According to a Securities and Exchange Commission (SEC) filing, Hawaiian and Alaska Air stated … Read more
The day after FanDuel parent company Flutter Entertainment (FLUT) revealed better-than-expected second-quarter earnings and raised its full-year revenue forecast, the company’s shares shot up on Wednesday. The global sports betting operator revealed revenue that increased by 20% year over year to $3.61 billion, above Visible Alpha’s consensus analyst projections. With a net income of $297 … Read more
The announcement on Wednesday that Mars Inc. would be purchasing snack producer Kellanova (K) for $36 billion helped to lift the stock prices of the firms that dominate America’s grocery store centre aisles. With a rise of more than 7%, Kellanova was the S&P 500’s best-performing stock during morning trading on Wednesday. ConAgra Brands (CAG), … Read more
Independence Day 2024: The top 5 mid-cap gainers of the year are Oracle Financial Services Software Ltd., Bharat Heavy Electricals Ltd. (BHEL), Trent Ltd., Multibagger Oil India, and Indian Railway Finance Corporation Ltd. (IRFC). Strong investor confidence has helped the S&P BSE Mid Cap Index rise by more than 53% in the last year. Numerous … Read more
After Wall Street’s overnight gains and Japan’s GDP growth exceeding forecasts, Asian markets saw a rise in trading on Thursday. The Topix increased by 0.5%, while Japan’s Nikkei 225 gained 0.2%. Futures for the Hong Kong Hang Seng index pointed to a lower opening. The markets in South Korea are closed for a holiday. The … Read more
Independence Day stocks: Since the previous Independence Day, several factors have coalesced in the market, and the Nifty 50’s astounding 24.23% gain could be likened to the nation’s rising flag. Despite the recent correction, the market’s overall positive structure suggests that new milestones should be achievable with a little more perseverance. New benchmarks have been … Read more
Global stock markets were more stable on Thursday, continuing to rebound after a sharp decline in early August, as investors anticipated that the US Federal Reserve would begin reducing interest rates shortly. A day after positive U.S. consumer inflation data supported predictions of a September rate decrease, oil prices spiked, and data out of China … Read more
After the insurance company revealed that it had sold its Employer Voluntary Benefits division to privately held StanCorp Financial Group, popularly known as The Standard, for $2 billion, Allstate (ALL) shares hit an all-time high on Wednesday. Employee Voluntary Benefits, Individual Health, and Group Health are the three insurance divisions of Allstate Health & Benefits. … Read more
In the second quarter of this year, shares of the aerospace and electronics manufacturing company Heico Corp. (HEI) and the beauty goods company Ulta Beauty (ULTA) were purchased by Warren Buffett’s Berkshire Hathaway, according to a regulatory filing on Wednesday. Additionally, the 13-F filing attested to Berkshire’s substantial reduction in its stake in Apple Inc. … Read more
The maximum sum that can be paid out of the Investor Protection Fund Trust has been raised to Rs 35 lakh, according to a Tuesday announcement from the National Stock Exchange (NSE). This cap will be in place for claims made against trading members who have been expelled or deemed defaulters. The maximum allowable limit … Read more
