Trade Financial News

Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients grapple with high interest rates and rising inflation, compelling them to keep a lid on costs.

South Korean police continue to wage “war” on crypto-powered drug trafficking, with officers in the capital Seoul making 452 arrests from June 2022 to December 2023.

Indian stock market today: A total of 2 stocks have been banned for trade on Thursday, February 29, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Dividend stocks: Shares of Birla Precision Technologies Ltd, Bodhi Tree Multimedia Ltd, Jupiter Wagons Ltd, and Bajaj Auto Ltd will be in focus when the stock market opens on February 29 (Thursday). The Board of Directors of these companies have declared interim dividend and buy back of shares for their eligible shareholders. The record date by the 4 companies to ascertain the eligibility of shareholders for their respective issues have been fixed on February 29.

By Isla Binnie, Andres Gonzalez and Ron Bousso

By Poonam Behura

At the heart of the rally that is pushing bitcoin toward a record high is a simple tenet of economics: supply and demand.

Investing.com-- U.S. stock index futures fell in evening deals on Wednesday, extending a decline in Wall Street as uncertainty over an upcoming inflation reading and warnings from Federal Reserve officials spurred increased risk aversion.

(Reuters) — The Australian banking trade union said on Thursday that Westpac Banking (NYSE:WBK) Corp, one of the country's top lenders, has cut around 132 jobs across divisions, with some of these roles being shifted to companies in India and the Philippines.

A Coinbase (COIN) outage left some users to witness zero balance in their accounts and unable to trade Wednesday, even as bitcoin (BTCUSD) soared past $63,000.

Take note, advisors. The market’s Davids are finally taking over from the Goliaths.

Quiver Quantitative — $DELL earnings are coming up. Here is a look at recent trades of $DELL by people who might have an edge.CongressMembers of Congress have disclosed trades of $DELL stock 1 times in the last quarter. Of those trades, 1 have been purchases and 0 have been sales.Here’s a breakdown of recent trading of $DELL stock by members of Congress:- Senator Carper, Thomas R. purchased up to $15,000 on 01/02.Company InsidersNo recent insider trades of $DELL on record.InstitutionsHere’s a breakdown of some of the largest recent moves of $DELL stock:- DODGE & COX sold an estimated $1,001,992,519 of $DELL stock- MICHAEL & SUSAN DELL FOUNDATION bought an estimated $590,916,764 of $DELL stock- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN bought an estimated $283,771,641 of $DELL stock- CITADEL ADVISORS LLC sold an estimated $220,672,721 of $DELL stock- AQR CAPITAL MANAGEMENT LLC bought an estimated $194,728,022 of $DELL stock

By David Shepardson

By Jonathan Stempel

Bitcoin rose to US$60,000 for the first time in more than two years, amid surging optimism that demand for the token is widening beyond committed digital-asset enthusiasts.

Quiver Quantitative — Beyond Meat stock (NASDAQ:BYND) experienced a dramatic surge, jumping as much as 61% in intraday trading, marking its best one-day move since 2019. This leap has placed significant pressure on short sellers, who are now grappling with nearly $74 million in paper losses. The rally in Beyond Meat's shares is not just a reflection of its quarterly earnings report but also sets the stage for a potential short squeeze. Such a scenario occurs when short sellers, those betting against the stock, are compelled to buy back shares to cover their losing positions, further driving up the stock price.

By Makini Brice and Richard Cowan

There has been a huge divergence in India among observers on the state of consumption in general and the health of rural demand in particular. Not surprisingly, there is also a squabble over the appropriate letter of the alphabet to denote the shape of consumption demand. There has also been a discernible cleft between rural and urban areas, as also between goods and services, when it comes to the rates and patterns of private consumption demand growth.

farm subsidies at the World Trade Organization (WTO) remained stuck on the third day of 13th Ministerial Conference (MC13) with countries sticking to their respective positions. Developed countries are not yielding to the «legitimate» demands of developing nations, officials said, adding that an outcome on the ministerial is expected to be delayed to Saturday instead of Friday. The European Union and the United States also blocked pro-development agenda in the draft Abu Dhabi package such as India's proposal, backed by many countries, to lower the cost of cross-border remittances, and a paragraph on debt on «trade-related approach» to mitigate challenges on increasing levels of debt and global financial crises.

Stripe has grown to a valuation of $65 billion, allowing some of its employees to sell their shares in the company, according to a report from the Wall Street Journal Wednesday.

₹1879.23 crore and ₹200 crore respectively. However, the Nifty Midcap 150 and the Nifty Smallcap 250 fell more sharply by 1.8% and 1.89% each to 17749 and 14895.25, as panicky investors pulled out cash amid reports of regulatory concerns over too much money flowing into small-cap schemes. Though domestic institutions offset the FPI selling with provisional purchases of ₹1827.45 crore, FPI selling in the derivatives market dragged down the indices, market analysts said.