Can the ‘Magnificent Seven’ save a stock market that might be doomed without them?
Apple, Amazon, Nvidia and peers are quietly coming back to life, and that could easily jolt this sleepy stock market back into gear.
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Mutual funds holding cash: Is high cash balance a red flag for investors? Experts explain
A mutual fund primarily invests in stocks, bonds, or commodities, but not every rupee in its portfolio is always deployed in these assets. The fund may maintain a small allocation to “cash and cash equivalents”, a line item that often raises questions among investors. Does a higher cash balance mean the fund manager is bearish?…
Smallcap company announces 1:10 stock split 7 days after listing on market
Waterways Leisure Tourism, the operator of the Cordelia Cruises brand, on Friday announced a stock split in the ratio of 1:10 just seven trading sessions after the shares of the company made their market debut on July 1. The company announced that its board of directors during its meeting today approved the plan to split…
Chase, Wells, BofA post strong Q2 mortgage gains
Mortgage loan production volume at three of the nation’s largest banks came in above expectations for the second quarter, which a pair of nonbank analysts believe is a positive for the segment. Processing Content JPMorgan Chase reported origination volume of $17.2 billion for the quarter, compared with $13.7 billion in the first quarter (26% higher)…
FDA Approves Merck’s KEYTRUDA + Padcev Regimens For Muscle-Invasive Bladder Cancer
(RTTNews) – Merck & Co Inc. (MRK) announced that the U.S. Food and Drug Administration approved KEYTRUDA (pembrolizumab) and KEYTRUDA QLEX (pembrolizumab and berahyaluronidase alfa-pmph), the company’s anti-PD-1 therapies, each in combination with Padcev (enfortumab vedotin-ejfv). These regimens are now authorized as neoadjuvant treatment before cystectomy and continued as adjuvant treatment afterward for adult patients…
Judge halts Paramount and Warner merger for at least two weeks per states’ request
A federal judge on Monday ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court. Twelve states, led by California, sued to block Paramount’s pending buyout of Warner last week— alleging that such a combination would…
Monsoon Update: Will It Rain Next Week? IMD Predicts Active Monsoon Across India; Delhi to See 4-Day Wet Spell
After several weeks of patchy rainfall, sticky weather and rising concern among farmers, India’s southwest monsoon is expected to regain strength in the coming days. Weather conditions are becoming favourable for a fresh spell of widespread rain, with the India Meteorological Department (IMD) indicating that rainfall activity is likely to increase gradually from Sunday and…
