Target Financial News

Nvidia added $277 billion in stock market value on Thursday, Wall Street's largest one-day gain in history after the heavyweight chipmaker's quarterly report beat expectations and reignited a rally fueled by optimism about artificial intelligence. The company's stock soared 16.4% to close at $785.38, a record-high close, lifting its market capitalization to $1.96 trillion after its January-quarter report late on Wednesday showed demand for its specialized chips used in AI computing continued to outpace analysts' already-high expectations.

Gold prices on Friday were set for their first weekly gain in two, supported by a softer dollar and safe-haven buying, as investors awaited further clues on when the U.S. Federal Reserve is likely to begin cutting its interest rates. FUNDAMENTALS

Ukraine's Black Sea port of Odessa, killing one person, with others possibly still trapped under rubble, the Ukrainian military said on Friday. The military's Southern Forces, in a post on the Telegram messaging app, said it had intercepted nine drones, but one of them struck an area near the port and triggered a fire. Firefighters recovered one body and said other residents might still be under the rubble as emergency teams worked to bring the blaze under control. A female security guard was rescued unharmed from a building, the post said.

Kremlin hits back at Joe Biden with ‘Hollywood cowboy’ over ‘crazy SOB’ remark The US has targeted Russia's revenue and military-industrial complex. The Us and other allies of Ukraine had hoped to cripple and isolate Russia's economy with a succession of sanctions targeting its financial sector and sources of revenue, including oil sales.

Buy or sell stocks for today: On account of sharp selling in small and mid-cap stocks, the Indian stock market opened lower on Thursday. However, bulls came back strongly in the last session and most of the Indian sectors witnessed sharp buying, which helped Dalal Street recuperate its losses and end higher.

Speculative traders intent on driving down the price of shares of B. Riley Financial Inc. have attempted to undermine the company’s credibility through a smear campaign, industry sources say, that includes spreading lies about individual employees and questioning the firm’s financial health.

ABB India surged 9% to close at Rs 5,439 as analysts at most top brokerages raised or retained share price targets on the stock after the company reported strong profit in third-quarter results. The stock hit a 52-week high of Rs 5,450 earlier in the session. The revised average analyst price target on ABB India available on Bloomberg after the third-quarter results was Rs 5147.42, implying a downside of 5.36% over Thursday’s closing. “We see ABB as a perfect trifecta of automation, electrification, premiumisation,” said Nomura’s analysts in a client note. ABB shares jumped 20% in the previous two trading sessions. Analysts at Kotak Securities said that the pace of execution is likely to moderate due to the increased execution period since large orders have doubled. But margins are likely to be resilient bolstered by premiumisation, higher utilisation, and value-based pricing. “Order inflow growth remains constrained by select sectors firing. The pace of execution may moderate further while margin may remain resilient,” said Kotak Securities in a note.

rival company’s lander missed the moon last month. The newest lander, named Odysseus, reached the moon Wednesday, six days after rocketing from Kennedy Space Center in Florida. The lander maneuvered into a low lunar orbit in preparation for an early evening touchdown.

Israel's war on Hamas in the Gaza Strip. But the Houthis' targets have grown more random since their attacks began in November, endangering a vital waterway for cargo and energy shipments traveling from Asia and the Middle East onward to Europe. The attack Thursday in the Gulf of Aden saw two missiles fired at a Palau-flagged cargo ship named Islander, the U.S.

By Steve Gorman and Joey Roulette

By Sam Nussey and Miho Uranaka

Yemen’s Houthi rebels have launched attacks on both Israel and a ship traveling through the Gulf of Aden

Shares of Super Micro Computer (NASDAQ:SMCI) continued their relentless ascent on Thursday, surging more than 35% during the session. The SMCI stock has had one of the most impressive starts to 2024 among tech stocks, gaining over 235% year-to-date, prompting many analysts to ask: Is the SMCI stock in a bubble?

By Noel Randewich and Medha Singh

interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a reduction in the repo rate by a quarter point and a shift in monetary stance to neutral from withdrawal of accommodation, said the economy is not overheating and the MPC needs to send a signal it is living up to its dual mandate on inflation and growth. “Inflation is projected to average 4.5% in 2024-25, and, therefore, the current policy rate of 6.5% translates into a real rate of 2%,’’ Varma wrote in the minutes of the meeting of the last policy review. “The time has come for the MPC to send a clear signal that it takes its dual mandate of inflation and growth seriously, and that it would not maintain a real interest rate that is significantly more than what is needed to achieve its target.’’ But the members from the central bank led by the governor are a lot more cautious given that behaviour of inflation in the past have caught policy makers on the wrong foot.

Analysts have moved to downgrade the shares of Rivian Automotive (NASDAQ:RIVN) on Thursday as the slump across electric vehicle stocks continues.

(Reuters) — Nikola (NASDAQ:NKLA) set a target to deliver as many as 350 hydrogen-powered fuel cell electric trucks in 2024, after cost controls and its first revenue from the vehicles helped the startup post a smaller loss for the fourth quarter.

Investing.com — Nvidia (NASDAQ:NVDA) stock surged after the AI chipmaker reported earnings after the close Wednesday that topped analyst consensus. The question for investors and analysts now is whether the stock can hit $1,000 per share as the AI momentum continues.

By Howard Schneider

Mint earlier reported that the Centre was in talks with Rajasthan, UP and Bihar to increase the procurement of wheat and coarse grains in the next 2024-25 rabi season after significantly lower Central purchases in these three states. In the previous rabi season, the governments of Uttar Pradesh and Bihar procured 214,981 tonnes and 589 tonnes of wheat as against a target of 3.5 million tonnes (mt) and 1mt, respectively, while Rajasthan procured 438,000 tonnes.

₹1 crore will pay 10 percent, while temples with income between ₹10 lakh and ₹1 crore will pay 5 percent to the government. Bharatiya Janata Party (BJP) leaders slammed the Chief Minister Siddaramaiah-led state government over the new bill.