US stock market
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Buzzing stocks.Stocks that will see action today: May 17, 2024
Two top executives of PB Fintech are planning to sell some portion of their stake in the company for ₹1,053 crore through block deals with a floor price of ₹1,258 per share, a 6 per cent discount to the closing share price on Thursday. According to the term-sheet seen by businessline, Yashish Dahiya and Alok Bansal will be selling 54 lakh shares and 29.7 lakh shares respectively, cumulatively representing 1.86 per cent equity of the fintech. According to the shareholding pattern at the end of March 2024, Dahiya held 4.63 per cent stake or 2.1 crore shares in the company, while Bansal held 75.4 lakh shares or 1.67 per cent stake
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As the dollar weakens, May’s seasonal advantage is gone?
Source: Wall Street News UBS said that the effectiveness of the selling strategy of U.S. stocks in May weakened, which means that the U.S. dollar may not be able to rely on this seasonal factor to obtain significant support in the future.
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Hedge fund Rokos executive: Fed unlikely to cut interest rates this year
Richard Tang, global head of markets at hedge fund Rokos Capital Management, believes the Fed is unlikely to loosen monetary policy this year.
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Arm rose 2.6% Saudi sovereign wealth fund PIF opened a new position in the first quarter and bought Arm call options
Gelonghui May 16 | Chip company Arm (ARM.US) rose 2.6% to US$116.63
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Satellite operator AST soared over 45% and cooperated with AT&T to provide satellite communication services
Gelonghui, May 16 | Satellite operator AST SpaceMobile (ASTS.US) soared over 45% to US$3.47
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Baidu executives interpret Q1 financial report: cloud industry price cuts have minimal impact on Baidu AI cloud business
Baidu (Nasdaq: BIDU; HKEX: 9888) today released its financial report for the first quarter of 2024 as of March 31: total revenue was 31.5 billion yuan, a year-on-year increase of 1%
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Regarding the Fed’s interest rate cut, the market should be cautious in making wishes!
Market veteran Ed Yardeni said in an interview on Tuesday that if Federal Reserve policymakers choose to ease monetary policy at the July or September meeting, it could send the S&P 500 index soaring 13% to 6,000 points by the end of the year.
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Aurionpro Transit partners with Google Wallet
Aurionpro Transit, a subsidiary of Aurionpro, has facilitated the integration of its app-based and ORS ticketing solution with Google Wallet.
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Small-cap MFs to take more time to liquidate
Nippon India MF, ICICI Prudential MF and HDFC MF has registered an increase in time taken to liquidate 50 per cent and 25 per cent of small-cap investment as their assets under management swell in April on the back of consistent inflows and rally in the market.
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Happiest Minds collaborates with Solvio to enhance salesforce capabilities
Happiest Minds Technologies Ltd has announced its partnership with Solvio, a salesforce consulting firm.