Investing.com — India’s stock market has entered its longest bull run, surpassing the 2003-08 rally in duration but have delivered only a third of its cumulative returns. Morgan Stanley (NYSE:MS) analysts believe the current market, marked by low volatility and strong relative gains against emerging markets, still has room to grow. The ongoing rally, which began…
(Reuters) – Bausch + Lomb is exploring a potential sale among other options, it said on Thursday, in a move that would help Canadian parent Bausch Health exit the eye-care company. Bausch + Lomb also said its statement was in response to a request from the Canadian Investment Regulatory Organization (CIRO) after a series of…
Investing.com — Apple Inc is set to replace Broadcom components with its own in-house chip for Bluetooth and Wi-Fi connections starting next year, Bloomberg reported Wednesday, citing people familiar with the matter. The chip, code-named Proxima, which has been in development for several years, is slated to debut in products in 2025. Taiwan Semiconductor Manufacturing (NYSE:TSM) will produce the…
MILAN (AP) — Kering announced Thursday that Louise Trotter has been named creative director of the Bottega Veneta fashion house, taking over from Matthieu Blazy. Trotter arrives from the French brand Carven, where she has been creative director since February 2023. She will join Bottega Veneta at the end of 2025. As a designer, Trotter…
Rising food prices pushed up the overall level of inflation last month, according to Labor Department data.David Ryder/Reuters New YorkCNN — President-elect Donald Trump says Americans not being able to afford groceries will be a relic of the past. “They’re going to be affording their groceries very soon,” he said Thursday before ringing the opening…
By Tom Hals (Reuters) – Attorneys general in Minnesota and New Jersey sued Glock on Thursday, accusing the company of making handguns that are easily modified to fire as illegal machine guns through a cheap add-on known as a “Glock switch.” The lawsuits said that the $20 switches transform Glock handguns into easily concealable weapons…
(Reuters) – Wall Street executives at the Reuters Next (LON:NXT) conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as easier monetary policy tempts clients out of the ultra-conservative asset class. So far, such hopes have been in vain. Cash in…
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Euro zone markets swung on Thursday after the European Central Bank gave up a long-standing hawkish tilt but analysts were split on the signals it gave on how fast it will cut rates. At first sight all looked rosy for markets betting on speedy rate cuts…
NEW YORK (Reuters) – The value of U.S. power and utilities deals fell over the last year to $27.8 billion, down by 36% from 2023, as political uncertainty ahead of the Nov. 5 presidential election slowed transactions, a PwC report said on Thursday. WHY IT’S IMPORTANT Renewable power deals flourished as a result of U.S….
WASHINGTON (Reuters) – The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned homes, the National Association of Realtors predicted on Thursday. The NAR also projected 4.5 million existing home sales in 2025 and forecast house prices…
