BENGALURU, July 3 (Reuters) – India’s dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply and overall new business grew at its slowest rate in over two-and-a-half years, according to a survey that also showed hiring nearly stalling. • HSBC’s India Services Purchasing Managers’ Index (PMI),…
By Sethuraman N R NEW DELHI, July 3 (Reuters) – India’s coal-fired power generation surged to a near-three-year high in June because of increased cooling demand from higher temperatures from an extended heatwave and below-average monsoon rainfall, government data showed. India’s total electricity generation in June rose 10.4% from a year ago to 178.31 billion…
July 2 (Reuters) – Blackstone’s QTS said on Thursday it had terminated its planned Digital Gateway data center project in Virginia and withdrawn the associated filings after years of planning and regulatory review. The data center operator has faced years of local opposition and litigation over the project, despite it being approved by the Prince…
By Kentaro Okasaka KITAKAMI, Japan, July 3 (Reuters) – Kioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins shipping samples of its next-generation memory. The growth of AI has fueled a remarkable turnaround for Kioxia, which was previously…
Iran is wasting no time in returning full steam to the oil export market after the Islamic Republic and the United States agreed in mid-June on a 60-day window to negotiate a deal. Since the memorandum of understanding was signed and the U.S. blockade aimed at preventing Iranian oil exports was lifted, Tehran has exported…
Tesla reported strong second-quarter deliveries Thursday, blowing past Wall Street expectations as a rebound in Europe helped fuel hopes that the electric vehicle maker can return to annual growth. The Austin, Texas-based company delivered 480,126 vehicles from April through June, a record for the second quarter, up about 25% from a year earlier and well…
We just covered Avoid SpaceX and Buy These 11 Stocks Instead. Microsoft (NASDAQ:MSFT) ranks #1 (see Avoid SpaceX and Buy These 5 Stocks Instead). Number of Hedge Fund Investors: 282 Microsoft (NASDAQ:MSFT) is down 22 percent year-to-date, and Redditors believe now is the time to buy the stock instead of chasing hype like SpaceX. Bulls…
Issuer AUM ($, mm) Net Flows ($, mm) % of AUM YTD 2026 Net Flows($,M) BlackRock, Inc. 4,587,554.11 3,498.69 0.08% 304,383.92 Vanguard 4,505,927.53 6,234.59 0.14% 265,965.30 State Street 1,746,894.67 -274.15 -0.02% 26,620.09 Invesco 983,033.02 -4,133.43 -0.42% 44,907.19 Charles Schwab 581,549.77 132.20 0.02% 34,024.77 JPMorgan Chase 327,662.56 368.74 0.11% 37,722.56 Dimensional 299,310.84 387.32 0.13% 26,758.71 First…
Italy’s The Damiani Group has concluded the acquisition of Swiss watchmaker Baume & Mercier from luxury retailer Richemont. The transaction follows a January 2026 agreement for the Damiani Group to acquire 100% of Baume & Mercier in a private deal. Richemont CEO Nicolas Bos said: “The Damiani Group is uniquely positioned to realise Baume &…
Robinhood Markets (NASDAQ: $HOOD) has launched a new public blockchain as it expands its cryptocurrency offerings. The online brokerage has unveiled a public mainnet for “Robinhood Chain” as it moves further into decentralized finance (DeFi). Robinhood Chain is a Layer-2 blockchain built on Arbitrum (CRYPTO: $ARB) and designed for tokenized real-world assets and decentralized finance…
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