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US Stocks: Tesla S&P debut to come all at once, rippling across markets on December 21

Tesla’s market capitalization is larger than any other company had at its debut in the S&P 500.

US Stocks, S&P, Tesla, market capitalization, Berkshire Hathaway, investors, index

Transporting Coronavirus Vaccine: ‘Mission of the Century’ for airlines to ship Covid vaccines

In cooled warehouses on the fringes of Frankfurt airport, Deutsche Lufthansa AG is preparing its depleted fleet for the gargantuan task of airlifting millions of doses of the vaccines meant to end the global pandemic.

Bitcoin is winning the Covid-19 monetary revolution

In “Shuggie Bain,” Douglas Stuart’s award-winning and harrowing depiction of alcoholism, sectarianism and deprivation in post-industrial Scotland, money is always scarce and often dirty.

Cryptocurrency, Cryptocurrency-based payment card, cryptocurrency trading, blockchain technology, crypto bank, cryptocurrency-based banks, interest on crypto deposits, loan against cryptocurrency

India enters unprecedented recession with two consecutive quarters of GDP fall

The second straight decline in GDP pushes Asia’s third-largest economy into its first technical recession in records going back to 1996, when the nation first started reporting quarterly GDP numbers

Gross domestic product declined 7.5% last quarter from a year ago, the Statistics Ministry said in a report Friday.

Indian cryptocurrency startups’ victory bigger than the price of Bitcoin

A lot has changed since then. Unocoin, which just raised financing from Tesla Inc.-backer Tim Draper’s Draper Associates, is flourishing, together with other Indian blockchain ventures.

Cryptocurrency, Cryptocurrency-based payment card, cryptocurrency trading, blockchain technology, crypto bank, cryptocurrency-based banks, interest on crypto deposits, loan against cryptocurrency

India steps up efforts to draw neighbours closer to counter China

Indian Foreign minister Subrahmanyam Jaishankar is in the island nation of Seychelles, where China has deepened defense co-operation through the transfer of aircrafts and naval ships apart from helping build their parliament

US Market: A basket of stocks favoured by retail traders has soared 75% this year

The voracious appetite for equities, unchecked by the pandemic or presidential transition, has sent markets to records in the normally sleepy Thanksgiving week.

US Stocks, retail stock traders, equities, U.S. exchange-traded funds, S&P 500, Thanksgiving

Covid-19 vaccine: Pricey vaccines could spark backlash to patent rights

The world is unequal enough and the Covid-19 pandemic threatens to make things more unequal still. Poorer countries have had to take on debt they will struggle to pay back.

Elon Musk overtakes Bill Gates to grab world’s second-richest ranking

The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price.

S&P 500 heads for year-end again after overcoming plunge in March 2020

The S&P 500 briefly extended gains on news that Joe Biden will nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary.

U.S. stocks, S&P 500, Nasdaq 100, Russell 2000, Tech shares, gold,

China set to eclipse US as world’s biggest oil refiner

Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. standards and sophistic

US Stocks: Stay-at-home beneficiary Zoom provides the biggest lift to the Nasdaq

Markets are still stuck in a push-and-pull between the dramatic rise of new COVID cases versus apparent progress on vaccines.

US Stocks, US Stocks, S&P 500, COVID-19, pandemic,

All-time-high raised in US IPOs so far! Here’s another opportunity for investors

So far this year, an all-time high of more than $144 billion has been raised on U.S. exchanges.

US Stocks, U.S. exchanges, Roblox, IPO, share

India’s economy to struggle with effects of Coronavirus through 2025: Report

Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for South Asia and South-East Asia, wrote in the report.

Elon Musk Leapfrogs Mark Zuckerberg to Become World’s Third-Richest Person

Musk, 49, became the world’s third-richest person, leapfrogging Mark Zuckerberg.

elon musk wealth

US Stocks: Active management is paying off for the S&P 500 index keepers

After the S&P 500 surged 25% since mid-May, the total number of companies whose businesses put them at serious risk of ejection has fallen by half.

S&P 500, US Stocks, index, equity, consumer discretionary stocks, market fundamentals

Brexit creates jobs for customs staff in eastern Europe, India

The Road Haulage Association, a lobby group, has estimated that the U.K. needs an extra 50,000 customs agents to cope with the added Brexit workload.

Tesla to join S&P 500 next month as largest-ever new member

The anticipation has helped drive a nearly five-fold rally in the stock this year to almost $390 billion, making it the biggest company ever to be added to the gauge.

elon musk wealth

US Stocks: Morgan Stanley says go risk-on and ‘Trust the Recovery’ in 2021

A gauge of global stocks headed toward a record Monday amid optimism that the expected roll-out of vaccines and additional U.S. fiscal stimulus will bolster the world economy.

US Stocks, fiscal stimulus, Covid-19, S&P 500, Dollar Index

‘Modi govt’s incentives for industries won’t help India today, could give better tomorrow’

How will the gap in private consumption and public investment get filled? The global economy is hardly in shape to absorb much new merchandise, and improving market share takes time.

US Stocks rally to record as small caps outpace tech: Markets Wrap

All major groups in the equity benchmark advanced, with energy, industrial and financial companies among the biggest gainers.

US Stocks, S&P 500, Russell 2000 Index, small caps, all-time highs, Nasdaq 100

Joe Biden must roll back Donald Trump’s tariffs and woo India for Silicon Valley

Keeping the Indian digital market open to U.S. tech may appear a modest diplomatic goal, but hitting it is important. For one thing, a more ambitious project, such as a free trade agreement, will be a hard sell.

Coronavirus vaccine: China under pressure to reveal vaccine data after Pfizer success

American drugmaker Pfizer Inc. and German biotechnology firm BioNTech SE announced this week that its vaccine appears more than 90% effective in stopping Covid-19 infections

The trials evaluated the efficacy among over 16,000 volunteers who received the vaccine or placebo 21 days after the first injection.

Coronavirus is worsening Delhi’s air pollution crisis

Air pollution from the annual burning of rice stubble across the states of Haryana, Uttar Pradesh and Punjab is reversing the gains that gave the north of the country its cleanest air in two decades under lockdown earlier thi

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