Dow, SP close lower as manufacturing data lifts yields April 2nd, 2024 06:27
The Institute for Supply Management (ISM) said its manufacturing PMI increased to 50.3 last month, the highest and first reading above 50 since September 2022, from 47.8 in February.

Iran says Israel bombs its embassy in Syria, kills commanders April 2nd, 2024 06:27
Reuters reporters at the site in the Mezzeh district of Damascus saw emergency workers clambering atop rubble of a destroyed building inside the diplomatic compound, adjacent to the main Iranian embassy building. Emergency vehicles were parked outside. An Iranian flag hung from a pole by the debris.

Japan approves $3.9 billion in subsidies for chipmaker Rapidus April 2nd, 2024 06:27
Rapidus is headed by industry veterans and is targeting mass production of cutting-edge chips on the northern island of Hokkaido from 2027 in partnership with IBM and Belgium-based research organisation Imec.

US, Britain announce partnership on AI safety, testing April 2nd, 2024 06:27
Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington to jointly develop advanced AI model testing, following commitments announced at an AI Safety Summit in Bletchley Park in November.

Iranian embassy in Syria flattened in suspected Israeli airstrike, top commander killed April 2nd, 2024 02:27
The Iranian ambassador confirmed at least five deaths, including Mohammad Reza Zahedi, a senior IRGC commander

US stocks slip as yields move higher on strong manufacturing data April 2nd, 2024 00:27
Wall Street indexes dropped due to manufacturing data affecting Fed rate cut expectations. ISM PMI growth impacted rate cut bets. 10-year Treasury yield rise influenced stocks. Powell's inflation remarks and megacap stocks' performance were notable.

Trump's media company raises going-concern doubts; shares tumble April 2nd, 2024 00:27
The company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.5 million a year earlier. Revenue was $4.13 million last year, up from $1.47 million in 2022, it said in a filing.

Nasdaq jumps on megacap gains as softening inflation fans rate cut hopes April 1st, 2024 23:27
Nasdaq outperformed Wall Street with megacap growth stocks rising on hopes of a U.S. Federal Reserve rate cut. Market optimism around AI and strong S&P 500 performance fueled gains, while the 10-year U.S. Treasury note yield increased.

Bulk deals: EC Special Situations fund sells stake in Ind Swift Labs, Societe Generale buys stake in Sat Industries April 1st, 2024 23:27
Societe Generale bought 7 lakh shares, 0.62 percent stake at Rs 93.1 per share in Sat Industries.

SEBI clears Kross, Saraswati Saree Depot IPO papers; returns Polymatech Electronics, Garuda Construction DRHPs April 1st, 2024 23:27
Trailer axle and suspension assembly manufacturer Kross has filed draft papers on November 30th last year for Rs 500-crore IPO.