Saturday January 29-th, 2022

Sensex ends 535 points lower, Nifty just above 13,800; Maruti falls 3.5%

IndusInd Bank and Axis Bank were the top Sensex laggards, falling 4% each while Dr Reddy's, Sun Pharma, Titan, ICICI Bank, and HDFC Bank were all down over 3%, each. The US Federal Reserve meeting also remained in focus. Worldwide markets are also in...

Robinhood app 'restricting transactions' for GameStop, AMC, Nokia stocks Robinhood app 'restricting transactions' for GameStop, AMC, Nokia stocks

The restrictions allowed customers to sell but not buy. The company said in an update it would resume "limited buys of these securities" beginning Friday. Shares for struggling video game retailer GameStop have surged since the start of the yea...

Dogecoin Named "Crypto GME" After Gaining Over 800% In 24 Hours

The price started rising yesterday and skyrocketed today before registering a cool off towards the end of the day. People on Twitter also called on Tesla founder Elon Musk to tweet about Dogecoin to fuel the frenzy. That amounted to a deeper downsi...

Strong US Sales Give McDonald's a Boost in 4Q Strong US Sales Give McDonald's a Boost in 4Q

McDonald's said its results for the quarter reflect sales declines overseas due to Covid-19 resurgences and government restrictions. Fourth-quarter comparable sales for the restaurant chain's global operated markets segment fell 7.4% in the fourth...

U.S. Federal Reserve Leaves Interest Rates Unchanged U.S. Federal Reserve Leaves Interest Rates Unchanged

Worth noting: Powell reiterated that the Fed wouldn't pull back on these measures until the economy recovers. After concluding its first policy meeting of 2021, the Fed made a decision to maintain the target range for the federal funds rate at 0...

Walmart expands its online order processing system Walmart expands its online order processing system

Walmart is working with technology partners such as Alert Innovation, Dematic and Fabric to set up LFCs. While Walmart's LFC system retrieves a customer delivery or curbside order for assembly, a personal shopper handpicks fresh items like produc...

Toyota beats Volkswagen to become world's top car seller in 2020 Toyota beats Volkswagen to become world's top car seller in 2020

So yeah, Toyota took a slight hit previous year. The German carmaker's sales fell 15%, its worst performance in close to a decade. VW Chief Executive Officer Herbert Diess initiated a strategic shift after he took over the top job in 2018 to focus ...

SSC Tuatara claims to have broken production auto speed record... again SSC Tuatara claims to have broken production auto speed record... again

Third time's the charm, right? According to SSC, yes, it is. The renowned high-speed experts were asked to "provide technical assistance with measuring and validating high-speed test runs of the SSC Tuatara during testing and record attempt" on J...

Google Announces Company Holiday On May 22 To Stem Virus Burnout Google Announces Company Holiday On May 22 To Stem Virus Burnout

The coronavirus pandemic have forced nearly every company to let their workers work from home as the social distancing and isolation seems to be the only way so far to prevent this deadly contagion, which has afflicted more than 3.9 million people ...

S&P, Dow slide after Boeing results; Nasdaq fall cushioned by Microsoft S&P, Dow slide after Boeing results; Nasdaq fall cushioned by Microsoft

On Tuesday, the S&P 500 hit a new intraday high before slipping in the final minutes of trading. Major U.S. averages on Monday closed off their best levels of the day, although the S&P and Nasdaq still finished at record levels, as concerns over ...

GM Sets a Date for Going All Electric GM Sets a Date for Going All Electric

GM's also getting into the charging business too. More than half of GM's capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs, GM said. Carbon offsetting is another pillar of the firm's ...

France’s Sanofi to make Covid vaccines from rival Pfizer/BioNTech France’s Sanofi to make Covid vaccines from rival Pfizer/BioNTech

Maj. In a memo sent to hospital CEOs and Medical Officers of Health on Wednesday, Ontario's Chief Medical Officer of Health Dr. David Williams has recommended extending the dosing interval for the second shot of the Pfizer-BioNtech vaccine to 3...

Apollo chief stands down after report into Epstein payments Apollo chief stands down after report into Epstein payments

Black will stay on as chairman. One of the people said Harris believed that Black showed poor judgment in consorting with Epstein, and that the new findings would further hurt Apollo's reputation. Apollo has been distracted doing damage control for m...

N Line variant announced for new Hyundai Tucson range N Line variant announced for new Hyundai Tucson range

N line is the same for Hyundai. Revealed for worldwide markets, the new Tucson N-Line bringing what Hyundai calls "motorsport-inspired" exterior and interior tweaks and trim-specific tuning. The rear gets a spoiler and claw-shaped taillights flanking...

Covid pushes unemployment up to 5% Covid pushes unemployment up to 5%

Analysts expect the unemployment rate to surge further when the United Kingdom government's furlough scheme paying the bulk of wages for millions of private-sector workers stops at the end of April. Britain's unemployment rate hit 5.0 per cent at the...

U.S. economy contracts in 2020; worst performance since 1946 U.S. economy contracts in 2020; worst performance since 1946

Since then, thousands of businesses have closed, almost 10 million people remain out of work and more than 425,000 Americans have died from the virus. President Joe Biden has unveiled a recovery plan worth $1.9 trillion, and could use the GDP repor...

Notorious Emotet botnet taken down following worldwide police operation Notorious Emotet botnet taken down following worldwide police operation

The criminal operation behind a unsafe, global botnet has been disrupted. Some cybersecurity experts, however, expect that some version of Emotet will eventually rebound following the takedown effort. An global effort has led to the dismantling ...

Australia's state of Queensland to reopen borders to all domestic travellers Australia's state of Queensland to reopen borders to all domestic travellers

Berejiklien hinted that restrictions would be eased further in two weeks if there were no further cases, adding she was "striking the right balance" between economic growth and virus control. Queensland will drop its hard border with Greater Sydney o...

US Senate Confirms Janet Yellen to Be Next Treasury Secretary US Senate Confirms Janet Yellen to Be Next Treasury Secretary

Yellen also urged Congress to "act big" with a new Covid-19 relief package as the economic recovery is losing momentum amid surging coronavirus cases. "Future US policy must prioritise the interests of American workers, service members, mom-and-p...

Elon Musk positioned for $9 billion bonus Elon Musk positioned for $9 billion bonus

In 2020, we produced and delivered half a million vehicles, in line with our most recent guidance. "Over a multi-year horizon, we expect to achieve 50 per cent average annual growth in vehicle deliveries". "The main reason we have not accelerated n...

Fed stresses its commitment to low rates as economy stumbles Fed stresses its commitment to low rates as economy stumbles

He said government spending programs have helped support the economy, but the United States needs to recover at least nine million jobs to reach the goal of full employment. That hasn't happened, and in the statement released after the end of their l...

Tesla reveals cool Model S interior refresh

The largest changes take place inside where the vertical 17-inch touchscreen has been replaced with a Model 3-like horizontal screen. Inside, the Model S cabin gets a little help from some of Tesla's newer products. The two models are getting new p...

European aviation agency clears Boeing 737 Max to fly again European aviation agency clears Boeing 737 Max to fly again

A faulty flight-control system that forced down the nose of the plane was implicated in both accidents. A Boeing 737 Max airliner is shown at the Boeing Factory in Renton, Wash., in November. Following Brexit, the aircraft will have to get the gr...

Target discontinues Chaokoh coconut milk for allegations of monkey labor Target discontinues Chaokoh coconut milk for allegations of monkey labor

The Thailand-based maker of Chaokoh coconut milk, Theppadungporn Coconut Co. Tracy Reiman, PETA executive vice president, said in a statement, "By dropping Chaokoh, Target is joining thousands of stores that refuse to profit from chained monkeys' m...

Google won't send employees back to offices until at least September 2021 Google won't send employees back to offices until at least September 2021

Google is reportedly delaying its employees' return to the office until September 2021 and is testing the idea of a three-day in-office workweek with remote work taking up the other days. We've adapted. We've kept innovating. That means if your ro...

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