Shares of IDBI Bank jumped around 3% on Wednesday after the government finalised Canada’s Fairfax Holdings for the sale of its stake in the bank, in a deal expected to be worth around Rs 53,000 crore ($5.5 billion). The shares of the company jumped to Rs 88.99 apiece on Wednesday morning after people familiar with […]
A Lucid Air electric vehicle (EV) at the company’s showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Samuel Corum | Bloomberg | Getty Images Lucid Motor stock fell more than 40% at one point and trading was halted for volatility multiple times Tuesday amid speculation that the company is considering new options. The […]
Anton Petrus | Moment | Getty Images Europe has spent years rebuilding its military in response to Russia’s invasion of Ukraine. Now, investment is increasingly converging around one technology that is seen as central to the continent’s future security: drones. A flurry of announcements over the past two weeks shows just how quickly that shift […]
Christopher Nolan may be at the top of his game, but he still gets nervous every time one of his movies is about to be released. On Tuesday’s appearance on “The Daily Show,” hosted by Jon Stewart, the “Oppenheimer” director said that releasing a film is always daunting because he devotes so much of himself […]
ASML on Wednesday raised its guidance for the second time this year as its customers continue to ramp up production of AI chips. The Dutch semiconductor-equipment maker said it now expects full-year sales to come in between 43 billion euros ($49 billion) and 45 billion euros, and a gross margin of between 54 and 56%. […]
Economic growth in the UK has been lacklustre for years. Between 2009 and 2024, the UK economy grew by just 1.5% a year, around half of the average growth between 1993 and 2007 of 3% a year. Successive governments have tried and failed to turn the economy around and deliver the type of growth many […]
Higher rates hurt bitcoin and risk assets as when the Fed raises rates, cash and Treasury bonds start paying a decent, guaranteed return, so investors have less reason to hold something that pays no yield and swings 5% in a session. On the other hand, cooler inflation means the Fed has less reason to raise, […]
A new scientific review explores whether creatine can improve depression outcomes. The results are mixed—but intriguing.
In 2007, two psychologists, Madeline Heilman and Tyler Okimoto, published what would become one of the most influential papers on gender bias in the workplace. Across three experiments, they found that women who succeeded in stereotypically masculine roles were judged differently from equally successful men. Their competence wasn’t questioned; their likability was. Participants were more […]
Dr. John Hussman is the president and principal shareholder of Hussman Econometrics Advisors, the investment advisory firm that manages the Hussman Funds ( https://www.hussmanfunds.com). He holds a Ph.D. in economics from Stanford University, and a Masters degree in education and social policy and a bachelors degree in economics from Northwestern University. Prior to managing the […]