Waves Financial News

Bajaj Auto gained 5.2% in a weak market on Thursday after the company’s profitability in the third quarter was higher than expected. Most brokerages upgraded their price targets on the stock after the results.

Shares of Tesla are tumbling at the opening bell as the electric vehicle, solar panel and battery maker warns investors of slower sales growth this year after posting fourth-quarter profits that were weaker than most had expected

In-N-Out Burger will close its first location in its 75-year history due to a wave of car break-ins and robberies at its only restaurant in Oakland, California

Governments: They see bitcoin as a direct threat to their ability to control finances and influence monetary policy. Crypto assets were created with the explicit purpose of keeping them outside governmental control. Hence, the unease of any government is obvious.

Tesla expects to start production of its long-anticipated, next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon Musk said on Wednesday. But Tesla shares were down 6.5% in premarket trading as Musk noted that ramping up production of the new vehicle would be challenging and Tesla also warned of sharp slowdown in sales growth this year before the new model launch. Musk said it would take «a tremendous amount of new revolutionary manufacturing technology» required — a sign that any boost to Tesla's declining pace of growth would take time. His projection followed a Reuters story earlier in the day saying Tesla had told suppliers to prepare for a June 2025 startup of a smaller crossover vehicle, critical for the automaker as it loses share to inexpensive EVs such as those made by China's BYD.

(Reuters) -German software firm SAP SE (ETR:SAPG) unveiled on Tuesday a 2 billion euro ($2.2 billion) restructuring programme for 2024 that will affect 8,000 roles, as it seeks to better focus on growth in artificial intelligence (AI)-driven business areas.

The dense fog conditions and chilly weather continued to disrupt travel plans for trains to and from the national capital on Wednesday (January 24) morning, causing significant inconvenience for passengers. The arrival of several passenger trains in Delhi encountered delays for more than 8 hours.

PCs, will fuel the next replacement cycle for the Indian PC market that has been falling since 2021, according to Taiwanese firm Asus that will launch an AI-powered consumer notebook in the country on Wednesday. “How we are looking at AI PCs is similar to how we looked at smartphones when they first arrived 10 years back,” Arnold Su, vice president, consumer and gaming PC, at Asus India, told ET. “They were different, new, and promised to make our lives easier.

Bloomberg reported. In an official statement, the US Central Command on Tuesday said the facilities are also used by other militant outfits.

By Marc Frank

Richard Linklater's upcoming comedy, Hit Man, is set to hit Netflix on June 7, 2024, following its world premiere at the 80th Venice International Film Festival. This action-comedy, based on a true story, is making waves with its stellar cast and intriguing plot.

Taiwan's population has likely contracted COVID-19, the Centres for Disease Control (CDC) said Tuesday, citing a seroprevalence study last year that looked into the prevalence of the disease and the recent spike in cases. The CDC, which tested 7,000 randomly selected blood donation samples collected in Taiwan between January and June, found that nearly 80 percent came from people who had contracted COVID-19, CDC Deputy Director General Lo Yi-chun said in a weekly briefing.

Johnson & Johnson's (NYSE:JNJ) reported today fourth-quarter results that exceeded analyst expectations.

Yemen's Huthis on Tuesday over their attacks on Red Sea shipping, as the Iran-backed rebels vowed to hit back. The latest raids, heard by residents of the rebel-held capital Sanaa around midnight (2100 GMT), hit eight Huthi targets, a joint US-UK statement said, while the Huthis listed 18 strikes across their territory. US and British forces carried out a first wave of strikes against the rebel group earlier this month, and the United States launched further air raids against missiles that Washington said posed imminent threats to both civilian and military vessels. But the Huthis have vowed to continue their attacks — just one part of a growing crisis in the Middle East linked to the Israel-Hamas war, which has raised fears of a broader war directly involving Iran. The latest strikes were against «eight Huthi targets in Yemen in response to the Huthis' continued attacks against international and commercial shipping as well as naval vessels transiting the Red Sea», Washington and London said in a joint statement with other countries that supported the military action. «These precision strikes are intended to disrupt and degrade the capabilities that the Huthis use to threaten global trade and the lives of innocent mariners,» the statement said. The US Central Command said in a separate statement that the targets of the strikes «included missile systems and launchers, air defence systems, radars, and deeply buried weapons storage facilities». — Attacks won't go 'unpunished' - British Foreign Secretary David Cameron said the Huthis had carried out more than 12 attacks on shipping since the first wave of joint strikes on January 11. «What we have done again is send the clearest possible message that we will

Gokul Chaudhri, Tax Leader,Deloitte India, says “the energy transition is going to be involving, let us say, the rollout of green bonds and green financing and so forth. And that will also bring in its own tax levers, because there will have to be an incentivisation around the entire green space as to how to enable the energy transitions to happen, including the PLI for a number of products that go into the green economy, plus also the incentivise around the green bonds. So there are a fair number of levers that India today has to enable that capital absorption as well as capital flow incentivisation.”

Saif Ali Khan has been successfully discharged from Mumbai's Kokilaben Dhirubhai Ambani Hospital after undergoing tricep surgery for an old injury sustained during an action sequence for his latest film. The 53-year-old actor, accompanied by his wife and fellow actor Kareena Kapoor, was spotted leaving the hospital in his car, waving at paparazzi stationed outside his house.

Crisil’s market research and analytics unit. “As much as 70-75 mt of the capacity addition is expected to be commissioned next fiscal (year), with 50-55% concentrated in the eastern and central regions," the research firm said in a report on Tuesday.

In our previous update, see here; we presented three Elliott Wave Principle (EWP) options for the S&P 500.

The Bitcoin (BTC) price just plunged below $40,000 for the first time since early December, taking its pullback from post-spot Bitcoin ETF approval highs above $49,000 to nearly 20%.

New Orleans and Texas have been alerted for multiday flash flood threat this week. Metropolitan areas like Houston and New Orleans are anticipated to experience significant rainfall this week, with multiple waves of moisture expected to affect the Interstate 10 corridor. The weather forecast suggests the possibility of embedded thunderstorms, featuring abundant lightning and gusty winds, adding an element of variability to the atmospheric conditions in these regions.

India Meteorological Department (IMD) on Monday said that a dense to very dense layer of fog is expected to engulf some parts of North India – Punjab, Haryana, Chandigarh, Uttar Pradesh, Rajasthan and north Madhya Pradesh – during the next five days. The National Capital Delhi and some neighbouring areas may also witness dense to very dense fog in the next 24 hours, prompting the weather department to issue a yellow alert for Tuesday. The weather department forecasted that cold to severe cold weather conditions are very likely to continue in some parts of Punjab, Haryana and north Rajasthan during the next 48 hours adding that many parts of Uttar Pradesh are also likely to see cold to severe cold weather conditions during next 4-5 days.