A naukri.com initiative
Business News
Baystreet
17h
62
Image Credit: Baystreet
How Might Stock Markets React to 30% Tariffs?
- U.S. President Trump proposed 30% tariffs on the European Union and Mexico, expressing frustration with failed negotiations on trade deals.
- Stock markets initially perceived the tariffs as a bluff on April 3 but are now reacting as the U.S. plans to implement them starting on August 1.
- Tech stocks like Nvidia (NVDA) boosted the market, with Nasdaq, S&P 500, Dow Jones, and small-cap sectors benefiting from the market capitalization increase.
- Markets appear complacent despite the tariff threat, but caution is advised due to the potential impact on global trade, with banks like Bank of America (BAC) and Citigroup (C) expected to underperform.
Read Full Article
3 Likes
Bitcoinsensus
17h
169
Image Credit: Bitcoinsensus
Microstrategy Becomes the First Company to Hold Over 600K BTC
- Strategy, formerly known as Microstrategy, has acquired 4,225 BTC for $472.5 million, bringing its total holdings to 601,550 BTC.
- The purchase was funded through ATM equity programs, including common and preferred stock offerings.
- With Bitcoin trading above $121K, Strategy now holds over $73 billion in BTC, sitting on over $30 billion in unrealized gains.
- Strategy is the leading bitcoin corporate holder globally among publicly traded companies, closing in on owning 3% of all Bitcoin in existence and outpacing giants like Coinbase and Tether.
Read Full Article
10 Likes
Baystreet
17h
139
Image Credit: Baystreet
Targa Resources Raises Dividend 733% To $1 Per Share
- Targa Resources (TRGP) has raised its quarterly dividend payment by 733% to $1 U.S. per share, totaling $4 U.S. per share annually.
- The dividend increase is part of the company's commitment to returning value to shareholders.
- Analysts at Barclays Bank and JPMorgan Chase have raised their price targets on TRGP stock following the significant dividend increase.
- Targa Resources is set to release its second-quarter financial results on Aug. 7, 2025. TRGP stock has shown strong growth in the Permian Basin region of Texas and globally.
Read Full Article
8 Likes
Moneyweb
17h
206
Woolworths and Engen mark milestone with 100th Foodstop
- Woolworths and Engen celebrate the opening of their 100th Woolworths Foodstop at the Engen Sandton Convenience Centre, marking a significant milestone in their 25-year partnership.
- The collaboration between Woolworths and Engen has led to the evolution of consumer expectations in convenience retail across South Africa, catering to busy customers' needs for top-up groceries, ready meals, and quick treats.
- Each Foodstop maintains the Woolworths in-store experience, providing fresh produce, pantry essentials, and convenience meals while focusing on expanding access to their services in non-traditional retail settings due to increasing demand for quick and reliable shopping.
- The partnership plans to continue growing beyond the 100-store milestone, aiming to offer more South Africans quality products and convenience as they expand their reach across Johannesburg, KwaZulu-Natal, Cape Town, and beyond.
Read Full Article
12 Likes
Baystreet
17h
60
Image Credit: Baystreet
U.S. Publisher McGraw Hill To Go Public At $4.2 Billion Valuation
- U.S. publisher McGraw Hill plans to go public through an IPO at a valuation of $4.2 billion.
- McGraw Hill, based in Columbus, Ohio, is known for producing school textbooks and has a global sales team of about 1,500 people.
- The company aims to raise up to $537 million by issuing 24.39 million shares priced between $19 and $22 apiece.
- Goldman Sachs is the lead underwriter for the IPO, and the company intends to trade on the NYSE under the ticker symbol “MH.”
Read Full Article
3 Likes
Baystreet
17h
55
Image Credit: Baystreet
U.S. Markets Fall As Trump Threatens 30% Tariffs On Mexico And Europe
- U.S. stocks have fallen as President Trump threatened 30% tariffs on Mexico and the European Union.
- The Dow Jones Industrial Average, S&P 500, and Nasdaq were down about 0.35% in pre-market trading on July 14 following Trump's tariff announcement.
- EU and Mexico leaders plan to continue negotiations with the U.S. to potentially lower the proposed tariff rates.
- Concerns about the impact of the tariffs on the economy, upcoming earnings season, and tensions between the Trump administration and the Federal Reserve are contributing to market unease.
Read Full Article
3 Likes
HinduBusinessLine
17h
183
Image Credit: HinduBusinessLine
Broker’s call: Mrs Bectors Food (Buy)
- Mrs Bectors Food Specialities (Bectors) is expanding beyond its strong foothold in north India to focus on markets like Maharashtra and Karnataka due to high bakery product consumption in metros such as Mumbai and Bengaluru.
- The company is adding capacity and manufacturing lines in new and existing facilities to deepen its presence in underpenetrated regions, expecting revenues of ₹3,400 crore in the coming years at peak capacity utilization.
- By FY26, most of the capex is expected to be completed, leading to lower capital intensity and improved return ratios. Bectors plans to increase its outlet reach to 1 million from the current 700,000 and achieve 30% y-o-y growth in Cremica Preferred Outlets by FY26.
- The company's QSR arm aims for better performance with the introduction of frozen foods and desserts to expand its market share. Key risks include raw material inflation and potential distribution or capacity ramp-up slowdowns.
Read Full Article
10 Likes
Baystreet
17h
342
Image Credit: Baystreet
Monday's Stocks to Watch: PayPal, MicroStrategy, and More
- JP Morgan Chase plans to charge financial technology firms, potentially impacting PayPal, Block, and others in the fintech sector.
- PayPal might have to pay fees to access customer data, potentially leading to increased costs for customers.
- MicroStrategy could see its stock rise due to its consistent purchase of Bitcoin, contributing to its wealth as BTC prices increase.
- The U.S. dollar's dominance is being questioned, potentially benefiting assets like silver, gold, and cryptocurrencies as investors seek alternatives.
Read Full Article
20 Likes
Baystreet
17h
100
Image Credit: Baystreet
Google Moves Forward on New Hire
- Google has made a new hire, Varun Mohan, the co-founder and CEO of AI coding startup Windsurf.
- Google will also bring in other senior Windsurf research and development employees as part of the agreement.
- Google is paying $2.4 billion in licensing fees and for compensation as part of the deal.
- The move by Google in the AI talent wars comes after Windsurf's talks with OpenAI for an acquisition deal reportedly expired.
Read Full Article
5 Likes
Baystreet
17h
634
Image Credit: Baystreet
AI Bubble Watch on Nvidia, CoreWeave, Meta, and More
- Nvidia surpassed Microsoft in market capitalization, reaching $4 trillion last week.
- Apple is unlikely to achieve a market size similar to Nvidia due to lack of significant AI developments at its recent conference.
- CoreWeave lost 23.8% of its value and will acquire Core Scientific for $9 billion in an all-stock transaction, potentially diluting stockholders.
- Meta Platforms acquired voice startup PlayAI, while Intel will sell 45 million shares held in Mobileye.
Read Full Article
20 Likes
HinduBusinessLine
17h
215
Image Credit: HinduBusinessLine
Large private banks’ attrition rate falls in FY25
- Annual attrition rates of large private banks like HDFC Bank, Axis Bank, and Kotak Mahindra Bank have shown a decline in FY25.
- HDFC Bank reported a decrease in attrition rate from 27% to 23%, while Axis Bank saw a reduction from 29% to 26% and Kotak Mahindra Bank from 40% to 33%.
- Public sector bank employees have a lower attrition rate in single digits.
- Measures taken by these banks to address attrition include building culture capabilities, leadership development, employee engagement initiatives, skill enhancement programs, and initiatives for career growth.
- Junior to mid-level employees under 30 dominate attrition rates.
- HDFC Bank is focusing on fostering an enabling work environment, while Axis Bank is engaging employees via newsletters, surveys, and town-hall meetings.
- Kotak Mahindra Bank has introduced initiatives like 'Best of Kotak for Kotakites' and transparent career growth plans.
- All three banks are investing in building future-ready leaders and skills to enhance employee retention.
Read Full Article
4 Likes
Moneyweb
17h
298
New AI-powered visa system to boost SA tourism and investment
- South Africa is adopting an AI-powered electronic travel authorisation system in September.
- The system includes new visa categories for film productions and business events/tourism.
- The reforms aim to boost tourism, dismantle red tape, and stimulate the economy.
- The new system will make it easier for visitors to receive visas and boost sectors.
Read Full Article
17 Likes
Coinpedia
17h
211
Image Credit: Coinpedia
Smart Investors Says Cheap Crypto Under $0.03 Will Overtake Shiba Inu (SHIB) By 2026
- Mutuum Finance (MUTM) is gaining traction as a top crypto investment option by offering a dual lending system and full asset ownership for users.
- The project has received a high security rating from CertiK, demonstrating a strong security posture and launching a Bug Bounty Program to further strengthen its platform.
- Mutuum Finance is developing a stablecoin and Layer 2 solutions to enhance scalability, with plans to reward top holders and drive global adoption.
- In contrast, Shiba Inu (SHIB) relies on speculative hype and burn rates, while Mutuum Finance stands out for its innovative features and potential for high returns.
Read Full Article
12 Likes
Baystreet
17h
335
Image Credit: Baystreet
Why Ford Motor Stock Rallied Despite Record Recalls
- Ford Motor stock rallied despite record recalls and fears of tariffs due to healthy second-quarter results.
- In Q2, Ford posted a 14.2% Y/Y increase in vehicle sales, growing its market share by 1.8% to 14.3%.
- Sales of Ford SUVs rose by 19.3%, while truck sales increased by 11%. Car sales also saw a 3.2% growth.
- Despite positive sales figures, Ford faced challenges with the highest number of safety recalls in the industry in the first half of 2025, leading to concerns about quality control.
Read Full Article
20 Likes
Moneyweb
17h
228
Africa ends decade of distress as risk spreads fall
- For the first time in a decade, no African country has a sovereign risk premium in distress territory, marking an improvement in debt metrics.
- The era of widespread debt distress due to cheap borrowing and fiscal policies during the Covid pandemic saw defaults in countries like Zambia, Ghana, Malawi, and Ethiopia.
- Inflation has moderated, countries like Zambia and Ghana have restructured debt, and IMF rescue packages have led to reforms in Sub-Saharan Africa.
- While overall risk premiums have improved continent-wide, challenges remain with countries like Ethiopia in default and individual bonds like Senegal's showing signs of distress.
Read Full Article
13 Likes
For uninterrupted reading, download the app