Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers. The price for a container of goods from China…
Should investors redeem ‘risky debt funds’ and Franklin…
Financial planner: SR Srinivasan, Founder, SriNivesh, a financial planning firm, based in Bengaluru. Questions asked by investors: 1.Should we redeem our money from debt mutual funds? 2.Are Franklin’s other funds safe? 3.Should we move to…
Dow Jones slips after grim jobless claims data
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim US jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook…
Oil major Shell slashes dividend for the first…
Carl Court | AFP | Getty ImagesOil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis.The…
Elon Musk says orders to stay home are…
Tesla CEO Elon Musk lashed out at government stay at home orders as "fascist" in an expletive-laced rant on Tesla's Q1 2020 earnings call.While answering analysts' questions about liquidity amid the coronavirus pandemic, Musk called…
Rush for gold loans seen as Indians seek…
By Swansy AfonsoIndians may borrow more against their stash of gold as the world’s biggest lockdown raises financial stress in an economy that’s set for its first contraction in four decades. Indians are the biggest…
GE says first-quarter revenue declined 8%, expects this…
General Electric on Wednesday reported a steep decline in first-quarter revenue as the industrial giant took a hit from the coronavirus pandemic. The company posted revenue of $ 20.524 billion, which represents a year-over-year decline of 8%.…
Glenmark Pharma shares jump nearly 9% on DCGI…
New Delhi: Shares of Glenmark Pharmaceuticals on Thursday gained nearly 9 per cent after the company said it has received approval from DCGI to conduct clinical trials of tablets used for the treatment of COVID-19…
Microsoft’s stock rises after company reports 15% sales…
Microsoft CEO Satya NadellaTobias Schwarz | AFP | Getty ImagesMicrosoft shares rose as much as 4% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud…