Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq, S&P close lower as tech megacaps overshadow chip rally
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Category: Business News
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
US Stock Market: Sticky inflation keeps September Fed rate hike on table despite July pause expectations
US Federal Reserve is expected to hold rates steady at its July meeting despite inflation hitting a three-year high. Markets see a possible pause now, but still price in a higher chance of a rate hike in September as core inflation remains elevated.
Global chip stocks surge as blowout Micron results reignite AI rally
Global chip stocks experienced a significant rally on Thursday, fueled by Micron Technology’s stellar financial results and optimistic outlook. The company’s strong performance and forecast for robust demand, particularly in AI-driven sectors, have boosted investor confidence. This surge has positively impacted major players across the US, Europe, and Asia, signaling a sustained boom in the…
US Stock Market: Fed’s Goolsbee sees early signs of relief in services inflation, says core price pressures remain elevated
Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed inflation is still the main concern over labour market strength. He reiterated data dependence on policy decisions, highlighting tariffs and energy costs as temporary inflation drivers.
US Stocks | Nasdaq futures surge 2% as chip outlook calms AI jitters; inflation data awaited
Indian markets are set for a positive opening as US futures surged, led by a 2.24% jump in the Nasdaq. Memory chip giants Micron and Qualcomm’s strong forecasts for AI demand have reignited optimism, with both stocks soaring in pre-market trading. Investors are keenly awaiting US inflation data later today, hoping it supports the current…
CSM Technologies IPO opens: Check brokerage review, GMP and other details
The IPO will remain open until June 26. It is a book-built issue with a price band of Rs 147-155 per share. The issue comprises a fresh issue and an offer for sale, with the company seeking to raise funds for growth and existing shareholders partially monetising their holdings.
Turtlemint Fintech IPO Day 2: Issue subscribed 52%; Check GMP and other key details
Turtlemint Fintech Solutions IPO: The issue, comprising a fresh issue of ₹660.7 crore and an offer-for-sale of ₹221.9 crore, is priced at ₹144-152 per share and will close for subscription on June 23.
How Mukesh Ambani plans to spend Jio’s mega Rs 27,500 crore IPO proceeds
Reliance Jio’s upcoming IPO aims to raise approximately $3 billion. The company intends to allocate Rs 27,500 crore to prepay debt, strengthening its balance sheet for future investments in 6G, artificial intelligence, broadband, and digital services expansion.
Sri Priyanka Geo Commex IPO opens for subscription today. Check GMP, price band and other details
Retail investors can bid for a minimum of 1,200 shares, requiring an investment of Rs 2.54 lakh at the upper end of the price band. The minimum application size for HNI investors is 1,800 shares, amounting to Rs 3.82 lakh.
Can Jio and NSE IPOs repeat Maruti feat?
US and Indian IPO markets are gearing up for major listings, with AI giants like OpenAI and Anthropic set to capitalize on investor frenzy. In contrast, India’s anticipated Jio and NSE IPOs face a less enthusiastic market after years of stagnant returns. While US IPOs may signal market tops, India’s offerings are expected to be…