Elon Musk softens ‘go f— yourself’ comment to woo advertisers

Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X. Marc Piasecki | Getty Images Elon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform. At the Cannes Lions advertising festival in Cannes, France, … Read more

India set for decade-high $2 billion bond inflows around JPMorgan index inclusion day

In this photo, photo shows of Mahatma Gandhi on Indian currency rupee notes. Manish Rajput | Moment | Getty Images Foreign inflows into Indian bonds will hit a decade-high of $2 billion around June 28, when they will be included in a widely-tracked JPMorgan index, although the central bank will lap up most of the … Read more

Bank of England set to hold rates despite inflation hitting target

LONDON — The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print only served to further convince traders that an interest rate cut is not imminent. Money market pricing by 11 a.m. in London … Read more

UK inflation, May 2024

Shoppers on the high street in the Kingston district of London, U.K. Bloomberg | Bloomberg | Getty Images U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday, in the last print of the key economic measure ahead of national elections in July. The headline … Read more

Golden Goose postpones Milan IPO citing political turmoil in Europe

A general view of Golden Goose Superstar “Paint Your Love” sneakers. Icon Sportswire | Icon Sportswire | Getty Images Italian sportswear brand Golden Goose postponed its Milan IPO on the grounds that the European Parliament elections and the call for a snap election in France have led to “significant deterioration” in market conditions. Golden Goose, … Read more

Stock Market LIVE updates: GIFT Nifty up nearly 100 pts; Indus Towers, Gland Pharma eye block deals | News on Markets

Stock Market LIVE updates on Wednesday, June 19, 2024: Positive global momentum is expected to take domestic equities to fresh record highs today.   At 8:30 AM, GIFT Nifty futures were ruling 92 points higher, suggesting a likely start above the 23,600-mark for the Nifty 50 index.   The optimism comes after … Read more

Stock Market Live Updates 19 June 2024| Stock to buy today: MMTC (₹83.80): BUY

Sensex, Nifty, Share Prices LIVE: MMTC has made a strong, bullish breakout. The stock price surged over 9 per cent on Tuesday taking it very well above the key resistance at ₹80. This breakout has boosted the momentum. The level of ₹80 will act as good resistance-turned-support. Intermediate dips are likely to be limited to … Read more

Economist Sahm, who devised recession rule, says the Fed is ‘playing with fire’

Economist Claudia Sahm on CNBC’s The Exchange. CNBC The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. Economist Claudia Sahm has shown that when the unemployment rate’s three-month average is half a percentage point higher than … Read more

Trump Media shares plunge 17% as more DJT shares to dilute

Omar Marques | Lightrocket | Getty Images The stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange Commission. Trump Media, which trades under the DJT ticker, had seen its … Read more