Business

RBI may opt for status quo on interest rates tomorrow

RBI may opt for status quo on interest rates tomorrow

The Reserve Bank of India , which surprised the market by changing its stance from "accommodative" to "neutral" in February due to inflation concerns, may well be on a course correction in the second bi-monthly monetary policy review scheduled on June 7, as price increases have been lower than what the central bank had projected.


Hengehold Capital Management LLC Has $2.23 Million Stake in Wells Fargo & Co

Hengehold Capital Management LLC Has $2.23 Million Stake in Wells Fargo & Co

Regent Investment Management LLC now owns 14,678 shares of the financial services provider's stock worth $817,000 after buying an additional 3,580 shares during the last quarter. Fmr Llc has invested 0.02% of its portfolio in J C Penney Company Inc (NYSE:JCP). Equities analysts anticipate that Wells Fargo & Co will post $4.16 earnings per share for the current fiscal year.



Earnings Analysis Of NVIDIA Corporation (NVDA)

The stock rose 0.52% or $0.77 reaching $148.78 per share. Following the transaction, the insider now directly owns 1,811,456 shares of the company's stock, valued at approximately $178,066,124.80. Smith Moore And Co accumulated 0.12% or 1,258 shares. Transamerica Fincl reported 17 shares. Since December 12, 2016, it had 0 buys, and 19 sales for $85.77 million activity.



Abu Dhabi's Royal Jet suspends flights to and from Qatar

Qatar is home to hundreds of thousands of expatriates and migrant workers, who far outnumber its own citizens, and is set to host the 2022 FIFA World Cup. Qatar already has said it wants Kuwait to mediate the rift. "Seaports will continue to be open for trade and airspace will continue to be open for trade, transport and air travel, with the exception of the countries that have closed their borders and airspace".


Sterling hits 12-day high as investors bet on Conservative win

Sterling hits 12-day high as investors bet on Conservative win

The Pound to US Dollar exchange rate briefly dropped on Monday morning, but as investors reacted to a United Kingdom election poll that gave the Conservatives a strong lead, Sterling was easily able to gain against a weaker US Dollar. But the latest polls were moderating some of those expectations, Nguyen said. The British pound recovered and topped 1.29 after some opinion polls showed a higher chance for an absolute majority for the Conservatives.



President Trump Pushes Plan to Privatize Air Traffic Control

Freed from government red tape, the new aviation system will provide passengers with "cheaper, faster and safer travel", the president pledged at a White House ceremony. "Don't trust Trump", said Ron Taylor, president of the Professional Air Traffic Controllers Organization. But FAA Administrator Michael Huerta has said the agency has made progress during the past decade in updating its computers and other equipment in order to move from a radar-based to a satellite-based control system.