Elon Musk’s social network X has raised close to $1 billion in new equity from investors in a deal that values the company at roughly $32 billion, according to people with knowledge of the matter — a valuation in line with when Musk took it private in 2022. Musk himself participated in the equity raise, […]
Lip-Bu Tan’s ‘New Intel’ is the last throw of the dice: Dave Lee – CNBC TV18
After a search for a new chief executive officer that lasted more than three months, Intel Corp. has decided Lip-Bu Tan is the best choice to salvage the company’s future. He’ll take up the most difficult job in the chip business, Bloomberg News reported on Wednesday evening. In a letter, Tan told his new subordinates […]
Exclusive | AI will change the world, but most investors will still lose money, says Morgan Housel – CNBC TV18
At Moneycontrol’s Global Wealth Summit, author Morgan Housel made a bold claim: artificial intelligence (AI) will undoubtedly transform the world—but that doesn’t mean investors will make money from it. Housel, known for The Psychology of Money and Same as Ever, argued that history is full of transformative industries that failed to generate consistent returns for […]
SEBI extends deadline for AIFs to report differential rights issuance – CNBC TV18
The Securities and Exchange Board of India (SEBI) has granted Alternative Investment Funds (AIFs) additional time to comply with reporting requirements related to differential rights issued to select investors. The deadline, originally set for February 28, 2025, has now been extended to March 31 following industry representations seeking more time for compliance. The requirement stems […]
Global diversification is the key to long-term financial success: Devina Mehra – CNBC TV18
Devina Mehra, Founder, Chairperson, and MD of First Global, is a pioneering force in global investing, known for her advocacy of diversification beyond borders. In her book Money, Myths and Mantras, she challenges common market myths and presents a data-driven approach to wealth creation. Mehra, one of the first Indian investors to adopt a truly […]
US Fed Meeting LIVE Updates: All eyes on Jerome Powell as FOMC set to announce its rate cut decision tonight
US Fed Meeting LIVE Updates: The US Federal Reserve is set to announce its first monetary policy decision of 2025 on Wednesday (January 29) with expectations firmly pointing to an unchanged federal funds rate in the 4.25%-4.50% range. US Fed Meeting LIVE Updates: The US Federal Reserve is set to announce its first monetary policy […]
US stocks end sharply higher, dollar drops after inflation report – CNBC TV18
Wall Street surged on Friday, December 20, and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from US President-elect Donald Trump. Company Value Change %Change All three major US stock indexes jumped more than 1%, gold surged and benchmark US Treasury yields […]
US Fed meeting LIVE updates: Will the US central bank opt for a 25 or 50 bps rate cut?
US Fed Meeting LIVE Updates: The US Federal Reserve is expected to lower its benchmark interest rate by 25 basis points at the conclusion of its two-day meeting on December 18. This would mark the third consecutive rate cut, bringing the federal funds rate to a target range of 4.25%-4.5% from the current 4.5%-4.75%. US […]
SEBI proposes DigiLocker integration to reduce unclaimed assets – CNBC TV18
The Securities and Exchange Board of India (SEBI) has proposed integrating DigiLocker, a government-supported digital document storage platform, to streamline processes and reduce unclaimed assets in the securities market. Company Value Change %Change In a consultation paper released on Tuesday, SEBI recommended that depositories and mutual funds make demat and mutual fund holding statements accessible […]
US Fed Meeting LIVE Updates: FOMC meeting expected to announce 25 basis point rate cut
US Fed Meeting LIVE Updates: The US Federal Reserve is expected to announce a 25-basis-point rate cut on Thursday (November 7), at the conclusion of its two-day FOMC meeting. US Fed Meeting LIVE Updates: The US Federal Reserve is expected to announce a 25-basis-point rate cut on Thursday (November 7) as it concludes its two-day […]