Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Foreign investors are pulling record sums from Indian shares since October and piling into initial public offerings in search for better returns. Source link
(Reuters) — Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese autonomous driving firm moves ahead with its long-sought plan for a New York listing. Pony, backed by Japanese automaker Toyota, aims to raise up to $195 million by offering…
In This Story The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Alongside the stock rally, U.S. Treasury yields also increased, raising concerns among some analysts about market…
Stock market valuations are near generational highs, Stifel’s Barry Bannister says. Bannister predicts the S&P 500 could rise to the low-6,000s before plummeting back down. He said the market is a “mania” with valuations near 80-year highs. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download…
Chevron Corp. is considering a sale of all of its gas stations in Hong Kong amid interest from prospective investors, according to people familiar with the matter. The American oil and gas company, which operates more than 40 Caltex-branded service stations in Hong Kong, may seek a valuation of about $400 million for the assets,…
Two weeks after a robotaxi event that failed to inspire, Tesla re-pivoted rather more successfully — back to the car business. And yet Wednesday evening’s earnings call echoed the vagueness and confusion that marked that earlier event. Altogether, it tees up a high-stakes fourth quarter and, more importantly, 2025. Tesla beat the consensus earnings estimate…
China’s 200 million-strong army of retail investors was supposed to help the market turn a corner. Instead, it has become a source of weakness. The country’s $9.7 trillion stock market experienced a rapid boom and bust starting late September, when central bank stimulus pushed the benchmark CSI 300 Index 25% higher in five days of…
Ned Davis Research says investors should watch for signs of a potential peak in the S&P 500. The secular bull market, which began in 2009, is in a mature stage according to NDR’s Tim Hayes. “With the secular bull mature, we’re watching out for signs that it may be at risk,” he said. Thanks for…
Hong Kong is a “strong contender” for a potential listing of crypto venture investor and blockchain game developer Animoca Brands Corp., its Chairman Yat Siu said. That’s in part because the company is headquartered in the city, where digital-asset related activity has expanded as officials seek to develop a crypto hub, Siu said in a…