James McLaren 
[ad_1] Shares of Lucid Motors (LCID) are falling after the EV maker announced this another capital increase through a share sale late Wednesday night, as the California-based EV maker looks for further runway ahead of the release of its upcoming EV SUV. Lucid said it will offer up to 262,446,931 shares, likely to raise about … Read more
[ad_1] Stay informed with free updates Simply log in to the UK financial regulation myFT Digest – delivered straight to your inbox. The UK government has launched a long-awaited consultation to bring ‘buy now, pay later’ lenders under the supervision of the Financial Conduct Authority and the Consumer Credit Act. The new regulations would allow … Read more
[ad_1] On Thursday, Jefferies reaffirmed a buy rating and a $50.00 price target for Alcoa (NYSE:), following the release of the company’s third-quarter earnings results. The company’s analyst highlighted Alcoa’s impressive EBITDA of $455 million, up 40% from the second quarter. The results exceeded expectations thanks to better than expected realized prices and costs. The … Read more
[ad_1] NorthEnd Private Wealth CIO Alex McGrath discusses his expectations for the upcoming Federal Reserve meeting and the third quarter earnings season. Retail rose more than expected in September as the US economy continued to show signs of growth in the third quarter. The Commerce Department’s Census Bureau said retail sales rose 0.4% last month, … Read more
[ad_1] On Thursday’s daily chart, Nifty formed a large red candle, indicating weakness. However, the index is approaching the previous demand zone of 24,690. If Nifty remains below the 24,690 level, a further decline towards the 24,500-24,400 level could be likely. On the upside, immediate resistance is at the psychological level of 25,000, followed by … Read more
[ad_1] Taiwanese semiconductor manufacturing company (TSM) (TSMC), the world’s largest chipmaker, saw its US profits rise 54% third quarterdriven by the continued demand for artificial intelligence-enabled chips. The Taiwan-based company on Thursday reported revenue of $23.5 billion for the quarter, up 36% from a year ago and exceeds Wall Street expectations. Net income came in … Read more
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The European Central Bank cut interest rates by a quarter point to 3.25 percent, amid signs of weakening growth and inflation in the eurozone. Thursday’s move took euro zone interest rates to their lowest … Read more
[ad_1] By Nidal al-Mughrabi CAIRO (Reuters) – At least 28 Palestinians, including children, were killed in an Israeli attack on a shelter in the northern Gaza Strip on Thursday, a Gaza Health Ministry official said, while Israel said the attack targeted dozens of militants on the location. Dozens were also injured in the strike, official … Read more
[ad_1] Lyn Alden Investment Strategy founder Lyn Alden explains why shortages are so persistent on Making Money. That of the federal government budget deficit reached nearly $2 trillion last year and is expected to rise further in coming years, with experts warning that the government must rein in deficits to ensure fiscal stability. The nonpartisan … Read more
[ad_1] “It seems like a good idea to bank on the monthly puts on the Nifty as we believe these puts could double or even triple from current levels,” said Rahul Sharma, JM Financial Services. Third day in a row of decline and today it is about 200 points lower, which is what we are … Read more