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1 min read
Wholesale inflation rises for third straight month in May at 2.61%, food items costlier
"Positive rate of inflation in May, 2024 is primarily due to increase in prices of food article…
PTI
1 min read
GameStop is surging for a second day — but one market guru calls the Reddit-fueled rally a 'speculation orgy'
GameStop and other meme stocks such as AMC and BlackBerry have racked up big gains, but the likes o…
George Glover
4 mins read
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…
PTI
4 mins read
Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
The profit was, however, higher quarter-on-quarter when compared to Rs 17,265 crore in October-…
PTI
2 mins read
Fuel price surge: Oil companies spike commercial LPG rates, impacting metro consumers
According to the latest updates, the retail sales price of a 19 kg commercial LPG cylinder in Delhi…
ANI
2 mins read
MicroStrategy's massive debt-fueled bitcoin purchases could make a future downturn worse, JPMorgan says
"Purchases by MicroStrategy add leverage and froth to the current crypto rally and raise the risk o…
Filip De Mott
3 mins read
Retail investors are back – and they're a lot savvier than they were in their YOLO days
Net purchases of equities by retail investors hit a year-to-date peak in February, but trading volu…
Aruni Soni
1 min read
ATF price cut by 4.6%; commercial LPG rate hiked by Rs 21
Jet fuel or ATF price was on Friday slashed by 4.6 per cent - the second reduction in one month - w…
PTI
4 mins read
Big brands, chain stores boost retail developments in tier-2 cities
Last year, H&M opened its store in Ranchi, GAP too opened its doors to Guwahati; and Rare Rabbit di…
3 mins read
Retail investors come of age in 2023 with small and midcap funds outperforming
After a brutal 2022, mutual funds have had a solid year in 2023 with retail investors having come o…
3 mins read
From a 20% AI-fueled stock surge to tumbling market cap for Apple, here are UBS's biggest surprises for 2024
UBS said stocks could surge, China could slow, neither Biden nor Trump could get elected, and Apple…
Phil Rosen
9 mins read
Viral hot sauce challenges have fueled a $100 million chile pepper arms race
The growing appetite for spicy food in the US has perhaps gone off the rails. Here's how we got her…
Lloyd Lee
1 min read
Jet fuel prices hiked by 2% to an all-time high
Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to a…
PTI
2 mins read
GameStop CEO Ryan Cohen is now free to invest the retailer's cash in stocks, Warren Buffett-style
Like Warren Buffett, Ryan Cohen can now pick stocks for GameStop to buy. Wedbush's Michael Pachter …
Theron Mohamed
4 mins read
The US's massive debt pile is fueling the bond-market crash. These 4 charts tell the story.
Concerns about the deficit have fueled the Treasury-bond market meltdown of the past few weeks. The…
George Glover
2 mins read
Petrol, diesel sales drop in first half of March after hitting record high in February
Petrol sales decreased by 1.4 per cent to 1.22 million tonnes in the first half of March when compa…
PTI
3 mins read
Retail inflation rises to 3-month high in Nov, Oct industrial growth hits 16-month high
Retail inflation inched up to a three-month high of 5.55% in November driven by higher food prices,…
2 mins read
Some DoorDash drivers are rejecting 9 out of 10 orders after fuel surcharge is scrapped
DoorDash started imposing a fuel surcharge in March to help with the cost of gas but stopped in Apr…
Jyoti Mann
2 mins read
Skyrocketing gas prices have sparked fuel thefts that are just plain weird - using hidden tanks, power tools and stolen gas ads on social media
With gas prices steadily increasing, several states report that people are finding extreme ways to …
Jordan Hart
2 mins read
Soaring gas prices trigger meltdown for ice cream van operators
The owners of vans selling ice cream on British streets are struggling to stay in business as the c…