Europe‘s main index plunged 2% to a near three-month low on Tuesday, as concerns over the fate of U.S.-China relations cast a shadow over stocks with significant exposure to the world’s No. 2 economy, while some downbeat earnings also weighed. The STOXX 600 also notched its steepest one-day decline since early August after Monday’s 1%…
Intel fights to get its mojo back with drastic cuts and restructuring, while Microsoft strolls into the AI sunset without a care. Intel’s latest earnings report isn’t exactly a victory lap—it’s more like a roll down a steep hill. Once the king of chips, Intel is now scrambling to regain relevance as its Q3 2024…
“Really solid results across the board, I think quarter to quarter, you definitely see volatility playing a role in trading revenues and we saw that play out with softer market conditions in Q3 but we’re overall happy with the results,” Anil Gupta, vice president of investor relations, told CoinDesk. Source link
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period. The earnings…
Welcome to a brand-new episode of ET Market Watch! Your daily dose of market updates, stock movements, trends & more. This is your host Neha V Mahajan, Let’s hear the top 5 highlights of the day 1. Weak Q2 Earnings Impact Blue-Chip StocksDisappointing Q2 results from key companies dragged down the market. IndusInd Bank plunged…
Europe’s main stocks index rose on Wednesday, boosted by travel and leisure and financial shares, with investors drawing comfort from fresh evidence of moderating inflation in the world’s largest economy that supported an early rate-cut narrative. The pan-European STOXX 600 closed 0.5% higher, with all the major regional bourses also ending in positive territory. Data…
Darden Restaurants, Inc. NYSE: DRI is a dominant player in the full-service dining sector. Darden operates a diverse portfolio of restaurant brands familiar to many Americans. From the iconic Olive Garden and Longhorn Steakhouse to specialty brands like The Capital Grille and Seasons 52, Darden’s restaurants hold significant market share in various casual and upscale…