With a midair emergency, disappointing profit forecast and more aircraft groundings after only two weeks, the airline industry is already off to a turbulent 2024. That only vindicates Warren Buffett, who dumped $4 billion worth of airline stocks in the pandemic and will most likely never give the industry another chance. Buffett, chief executive officer
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency
SAN FRANCISCO, CALIFORNIA – NOVEMBER 10: U.S. Secretary of the Treasury Janet Yellen (R) greets People’s Republic of China (PRC) Vice Premier He Lifeng at the start of a bilateral meeting at the Ritz Carlton Hotel on November 10, 2023 in San Francisco, California. Secretary Yellen and Vice Premier Lifeng will hold meetings ahead of
An Hour Ago Crypto stocks jump after SEC greenlights U.S. bitcoin ETFs 2 Hours Ago House committee demands a hearing with SEC Chair Gensler after X account controversy The House Financial Services Committee now wants SEC Chair Gary Gensler to provide details on what led up to the regulator’s X account posting a false social
In 2023, the domestic equity market demonstrated a remarkable performance, reminiscent of the bullish trend observed in 2017. Both the Nifty 50 and the Sensex exhibited substantial gains, climbing around 20 percent. However, what truly stood out were the midcap and smallcap segments, outpacing the benchmarks by a considerable margin. The BSE Midcap index witnessed
Shares of Manappuram Finance shed over 7 percent on Wednesday after market regulator SEBI put the IPO of its arm Asirvad Microfinance in abeyance, according to media reports. The stock fell as much as 7.4 percent to ₹163.40 in intra-day deals today. It is now over 10 percent away from its 52-week high of ₹182.10,
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the broader market. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had
“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow
CNBC’s Jim Cramer on Tuesday shared his market predictions for 2024, but also warned that the first days of the new year often don’t say much about the future. He suggested that Wall Street may now be seeing a “sector rotation“ as some investors doubt that the Magnificent Seven tech stocks will continue their runs,
Despite experiencing headwinds from global monetary tightening, particularly US Fed rate hikes, the Indian economy and its markets demonstrated remarkable resilience in 2023. While the year began with elevated inflation, geopolitical uncertainties, and FPI outflows, a gradual easing of these pressures later boosted investor sentiment. India’s strong macroeconomic fundamentals, marked by robust GDP growth, moderating