Author: whatnews

The numbers: The cost of goods and services rose a scant 0.1% in May and pointed to a gradual easing in U.S. inflation, but prices were still rising sharply in key parts of the economy. The increase in the personal-consumption expenditures index matched the Wall Street forecast. The PCE index is the Federal Reserve’s preferred inflation barometer. The increase in prices over the past year slowed to 3.8% from 4.3% and dropped to the lowest level since April 2021, the government said Friday. Waning gas and food prices have played a big role in restraining inflation this year. The rise…

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What is Uniform Civil Code? What does Constitution say about it & why it’s such a controversial topic in India?The concept of a Uniform Civil Code (UCC) in India has been a controversial topic for many years. The idea is to have a common set of laws for personal matters such as marriage, divorce, inheritance, and adoption for all citizens, regardless of their religious affiliations. However, implementing a UCC poses challenges due to the religious and cultural diversity in India. Source link

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Trading Beyond the Matrix: The Red Pill for Traders and Investors by Van K. Tharp is a thought-provoking and insightful book that challenges conventional wisdom in the world of trading. Tharp, who was a renowned trader and coach, takes readers on an enlightening journey to help them break free from limiting beliefs and develop a winning mindset. One of the key aspects that sets this book apart is its focus on understanding oneself as a trader or investor. Tharp emphasizes the importance of self-awareness, highlighting how our own beliefs, biases, and emotions can significantly impact our decision-making process in the…

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Traders on the floor of the NYSE, June 29, 2023.Source: NYSEThe majority of Wall Street investors believe stocks have entered a new bull market and the U.S. economy will skirt a recession in 2023, according to the new CNBC Delivering Alpha investor survey.We polled about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the third quarter and forward. The survey was conducted over the last week.Zoom In IconArrows pointing outwardsSixty-one percent of respondents believe the market has entered a new bull run, while 39% think this is a…

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The government on Friday approved the issuance of the 27th tranche of electoral bonds that will open for sale on July 3. The decision comes ahead of assembly elections of Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram. Poll dates are likely to be announced in a couple of months. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding. State Bank of India (SBI), in the 27th phase of sale, has been authorised to issue and encash electoral bonds through 29…

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Friday was a stupendous session with the benchmark indices ending on the higher side of the day. The buying spree continued throughout the session with all sectors closing in the green, except the Metal space.With green numbers across the board, here are 2 stocks that closed the week with a breakout.Bajaj Healthcare Limited Bajaj Healthcare Ltd (BO:) is a small-cap pharmaceutical company with a market capitalization of INR 835 crores and trades at a P/E ratio of 19.42. The company has been growing its net income at an impressive 5-year CAGR of 55.7% to INR 43.02 crores in FY23. After…

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© Reuters. CLSA downgraded Xpeng (NYSE:) to an Outperform rating (From Buy) and raised their 12-month target price to $13.10 (From $10.00) following the launch of the company’s G6 smart electric SUV on Thursday. Analysts wrote in a note, “Xpeng launched G6 model on 29 June with official price starting from Rmb209,900. We expect G6 could reach 10,000 monthly sales units, helping Xpeng’s sales return to 15,000 units per month in 3Q23. We think the potential launch of XNGP and the government’s supportive attitude should enhance Xpeng’s outlook.” CLSA has decided not to revise their profit forecast for Xpeng, as…

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luza studios/E+ via Getty Images HIVE Blockchain Technologies (NASDAQ:HIVE) said Friday it delivered fiscal fourth-quarter revenue of $18.2M, vs. $17.3M consensus estimate, up from $14.3M in the prior quarter and down from $49.8M a year before. Like its crypto mining peers, the company faced a number of headwinds throughout fiscal 2023, including increasing bitcoin (BTC-USD) difficulty, BTC prices averaging 49% lower than last year and ethereum’s (ETH-USD) Merge to Proof-of-Stake, but “our gross operating margin each quarter exceeded our corporate SG&A and so the Company was able to maintain this positive corporate margin each quarter,” President and CEO Aydin Kilic…

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luza studios/E+ via Getty Images HIVE Blockchain Technologies (NASDAQ:HIVE) said Friday it delivered fiscal fourth-quarter revenue of $18.2M, vs. $17.3M consensus estimate, up from $14.3M in the prior quarter and down from $49.8M a year before. Like its crypto mining peers, the company faced a number of headwinds throughout fiscal 2023, including increasing bitcoin (BTC-USD) difficulty, BTC prices averaging 49% lower than last year and ethereum’s (ETH-USD) Merge to Proof-of-Stake, but “our gross operating margin each quarter exceeded our corporate SG&A and so the Company was able to maintain this positive corporate margin each quarter,” President and CEO Aydin Kilic…

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luza studios/E+ via Getty Images HIVE Blockchain Technologies (NASDAQ:HIVE) said Friday it delivered fiscal fourth-quarter revenue of $18.2M, vs. $17.3M consensus estimate, up from $14.3M in the prior quarter and down from $49.8M a year before. Like its crypto mining peers, the company faced a number of headwinds throughout fiscal 2023, including increasing bitcoin (BTC-USD) difficulty, BTC prices averaging 49% lower than last year and ethereum’s (ETH-USD) Merge to Proof-of-Stake, but “our gross operating margin each quarter exceeded our corporate SG&A and so the Company was able to maintain this positive corporate margin each quarter,” President and CEO Aydin Kilic…

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