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US Steel in a $14.1 billion deal. This marks a significant development in the ongoing decline of the iconic 122-year-old company, which was once the world's largest and a symbol of American industrial strength. Despite being an early major conglomerate, it has given its position as the largest US steelmaker to Nucor Steel in recent years.

The S&P 500 (SPX) closed 2.5% higher last week, which marked the 7th straight week of gains. The index is now very close to posting fresh record highs as it returns to trade above 4700 for the first time since January 2022. Overall, the S&P 500 is up about 15% from the October lows.

It was a classic breakout for the Dow as the index recorded a new all-time high.

Nestle India has fixed January 5, 2024, as the record date to determine eligible shareholders for the stock split announced by the company in October. In October, the board approved splitting shares of face value Rs 10 into 10 shares of Rs 1 face value each. The company received shareholders’ approval for the same earlier this month.

Fass Boye to Spain's Canary Islands, a gateway to the European Union where they hoped to find work, was supposed to take a week. But the wooden boat carrying 101 men and boys was getting blown further and further away from its destination.

However, with the COVID-19 virus still circulating and its behavior adapting to the Indian weather conditions and the presence of other common pathogens, it is crucial to continue our efforts to effectively tackle the public health challenges, the Health Ministry said in a statement. India recorded 260 new coronavirus infections on Monday, with active cases increasing to 1,828, according to the latest data from Union Health Ministry.

By Ahmed Eljechtimi

Investing.com — U.S. stock futures edged higher Monday at the start of the last full trading week before the Christmas holidays, continuing the recent positive tone driven by expectations for Federal Reserve rate cuts next year.

Domestic natural gas consumption rose 6% in November over the same month last year, helped by increased supply from domestic fields, the oil ministry data showed. Imports of liquefied natural gas (LNG) expanded 5% year-on-year in November while the output from domestic gas fields increased 7.6%. The overall domestic production was boosted by the 26% increase in output from fields operated by the private sector.

Goldman Sachs strategists now anticipate the S&P 500 reaching a record level of 5,100 in 2024, citing falling inflation and expected Federal Reserve easing.

Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows.

United States Steel Corporation (NYSE:X), commonly known as U.S. Steel, is being acquired by Nippon Steel, the two companies confirmed today.

Welcome to the bull market. Volatility is back on the menu, and the big question is what crypto to buy today. What caused Bitcoin ($BTC) to flash crash, and is more to come? How can investors avoid the downside brought on by these leverage flushes?

₹655.6 apiece, surpassing its previous record high of ₹650. The stock has experienced a notable uptrend this month, registering a gain of 15.45%, snapping a two-month declining trend. Nevertheless, looking at the yearly performance, the SBI stock has yielded a return of 6.33% in CY23 so far.

Rich countries are raising more money from taxpayers than they have in decades to finance a burst of state spending as surging interest rates make borrowing less attractive. Tax revenues have risen to record levels as a share of economic output in a number of major economies, including France, Japan and South Korea, according to data published by the Organization for Economic Cooperation and Development, the club of mainly rich countries. The increases are worth hundreds of billions of dollars in additional revenue for governments that are navigating an array of new spending needs, from military priorities to industrial policy.

The lowest mortgage rates since the summer are starting to lure frustrated home shoppers back to the market. The problem is that few homeowners who have locked in much lower rates appear ready to sell. Home sales this year are on track to be the lowest since at least 2011.

Patidar will be pitted against the flamboyant Rinku Singh for the lone available batting slot when a determined Indian team gears up for the final kill against a lacklustre South Africa in the second ODI here on Tuesday. After young pacers Arshdeep Singh and Avesh Khan produced a near flawless performance in the opening game that India won by eight wickets, KL Rahul wouldn't like to take his foot off the pedal and aim to heal the scars of 0-3 defeat here under his leadership back in 2022. India will handover a debut ODI cap to one of its reserve batters as Shreyas Iyer has linked up with the Test squad after Sunday's game with an eye on the two-match series, starting on 'Boxing Day'.

US Federal Reserve on the possibility of reversing rate hikes, there is a growing sense of optimism in global financial markets. In the US, flows have surged to an 18-month high, reaching $26.3 billion. Notably, there has been a significant influx of funds into US mid and small-cap investments, which had lagged in the recovery since October 2022, informed the report.

Multibagger stock: Dev IT shares are one of the multibagger stocks that Indian stock market has delivered in last few years. This small-cap IT company stock has been in uptrend after ushering in FY23.

At 10.57 am, the public issue was subscribed 2.34 times. The retail category was subscribed 3.60 times, while the NII portion garnered 1.92 times bids. There have been no bids from qualified institutional buyers so far. The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company's shares are trading at over 180% premium compared to the offer price. «Considering Motisons' strong brand, proven track record, and growth plans, alongside the current market sentiment, we recommend applying for this IPO with cautious optimism,» said Swastika Investmart. The company mobilised Rs 36.3 crore from anchor investors, a day before the opening of the issue. Only two investors participated in the anchor book.

The BSE Sensex was trading 194 points or 0.27 lower at 71,289. Nifty50 was trading at 21,412, down 44 points or 0.21% at around 9.20 am. Among Sensex stocks, JSW Steel, ITC, M&M, Power Grid, ICICI Bank, and Axis Bank traded with cuts, while Titan, Sun Pharma, Nestle, and Bajaj Finance opened with gains. Mazagon Dock Shipbuilders shares opened 4.6% higher after the company signed individual shipbuilding contracts with European client worth approximately $42 million. Zee Entertainment Enterprises shares fell over 4% after the firm sought further extension of a merger deadline from the Indian arm of Japan's Sony Group to make the scheme effective. Experts view «There are two significant factors driving the ongoing strong rally in the market.