Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
The company, which had its shares debut at 76 rupees (about 91 cents) each, successfully raised over $730 million through its initial public offering (IPO) in Mumbai. This marks the largest IPO in India for the year, as reported by Reuters.
TechEchelon Staff · 719 DAYS AGO
The minutes revealed that the policymakers require more convincing data to be confident that inflation is steadily approaching the 2% target.
Sara Montes de Oca · 756 DAYS AGO
For 2024, the Fed has raised its expected annual inflation rate to 2.6 percent from an earlier forecast of 2.4 percent. This adjustment is partly due to an increase in the core inflation rate—from 2.6 percent to 2.8 percent—which excludes the typically more volatile food and energy sectors.
Jay Goldberg · 777 DAYS AGO
Nonfarm payrolls increased by 272,000 for the month, up from 165,000 in April and far exceeding the Dow Jones consensus estimate of 190,000.
TechEchelon Staff · 782 DAYS AGO
The launch took off at 10:52 a.m. ET from Cape Canaveral, Florida with two NASA astronauts aboard. Starliner is carried by United Launch Alliance’s Atlas V rocket and bound for the International Space Station.
Sara Montes de Oca · 784 DAYS AGO
The minutes from the Federal Open Market Committee's April 30-May 1 meeting, released on Wednesday, revealed policymakers' unease about the timing for easing monetary policy.
Jay Goldberg · 798 DAYS AGO
A day later, at Google’s annual developer conference, Alphabet CEO Sundar Pichai emphasized his company’s long-standing partnership with Nvidia and noted that Google Cloud will utilize the chipmaker’s Blackwell graphics processing units (GPUs) in early 2025.
Sara Montes de Oca · 799 DAYS AGO
The Self Research Institute (SRI) goes beyond its name and its function as a non-profit focused on ensuring individuals have control over their own data but the lofty ambition to interpret, engage and adapt along with the information to improve lives.
Jay Goldberg · 799 DAYS AGO
The Consumer Price Index (CPI), which gauges the average change over time in the prices paid by consumers for goods and services, rose by 0.3% from March, according to the Labor Department’s Bureau of Labor Services. This increase was marginally lower than the 0.4% predicted by Dow Jones.
TechEchelon Staff · 805 DAYS AGO
In April, wholesale prices surged unexpectedly, suggesting that interest rate reductions might not be on the horizon.
Sara Montes de Oca · 806 DAYS AGO
The post featured an image on X (formerly Twitter) depicting a video gamer intently leaning forward, signaling serious gameplay. This was Roaring Kitty's inaugural post on the platform since his hiatus began in 2021, quickly attracting 63,000 likes within 13 hours.
Sara Montes de Oca · 807 DAYS AGO
During its earnings call, SMIC stated, "There is increasing competition in the industry, and pricing for commodity products generally aligns with market trends."
Jay Goldberg · 810 DAYS AGO
The Dow advanced 331.37 points or 0.85%, closing at 39,387.76, its longest rally since December's nine-day stretch. The S&P 500 rose by 0.51% to end at 5,214.08, while the Nasdaq Composite increased by 0.27% to finish at 16,346.26.
Jay Goldberg · 811 DAYS AGO
The company's financials exceeded consensus estimates from LSEG as follows:
TechEchelon Staff · 811 DAYS AGO
The report, based on an email from Musk to senior managers, named Rebecca Tinucci, the senior director of Tesla's Supercharger business, and Daniel Ho, head of the new vehicles program, as those dismissed effective Tuesday morning.
TechEchelon Staff · 820 DAYS AGO
This period has seen Alibaba, a leading tech conglomerate in China, implementing historic organizational adjustments and extensive leadership shifts to reignite growth.
TechEchelon Staff · 840 DAYS AGO
The recent employment figures underscored the robust health of the U.S. job market, reinforcing the need for the Federal Reserve to proceed with caution. The forthcoming consumer price index report on Wednesday is highly anticipated, especially after February's inflation rate was reported at 3.
Sara Montes de Oca · 842 DAYS AGO
Addressing the issue of unexpectedly high inflation at the beginning of the year, Powell emphasized that there is no urgency to modify the current monetary stance.
Sara Montes de Oca · 847 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.