Beta in stock market

The rupee continued its downward journey as it moved above 74 levels. Yesterday it fell by 23 paise and ended near 74.1 whereas November future above 74.55. Choppy domestic equities and strengthening of Dollar index remains major concern • The Dollar index remained cautious ahead of the ECB event. However, recent lockdown and uncertainty on the amount of stimulus attracted risk: aversion buying. … [Read more...] about Buy USDINR; target of 74.55 – 74.65 : ICICI Direct

The MAGA takeover of the Republican party certainly has the feel of a revolution. While many of the GOP’s goals remain the same as ever—tax cuts for the wealthy, beefing up military spending at the expense of social services, the fantasia of trickle-down economics—there’s a new, brazen quality to what the party is willing to do, or allow to be done, in order to obtain them. But before Trump’s revolution was televised—or, more accurately, tweeted—here are some of the “hysterical” warnings that Democrats and the left sounded about what might lie ahead: … [Read more...] about The problem with Republican doomsday predictions for a Biden presidency

The offering includes 15,000,000 shares of common stock, with underwriters getting a 30-day option to buy 2,250,000 additional shares. Shares are expected to be priced between $9 and $11. They’ll trade on the NYSE under the FUBO ticker symbol one day after pricing. The offering is being led by Evercore ISI, which will provide a full prospectus when it becomes available. FuboTV says it expects an estimated 370,000-380,000 subscribers for the third quarter of this year, a 28% increase over the same period last year. It projects revenue of $50 million to $54 million for the quarter, an increase of 38% on the high end. The offering comes as cable-TV subscribers are ditching traditional bundles in record numbers. Cord-cutting was already an accelerating trend before the coronavirus pandemic, but the loss of live sports during the first few months of the COVID-19 outbreak caused additional headaches for legacy cable providers. … [Read more...] about Cord-cutting service FuboTV is coming to the NYSE: Here’s what to know

Both companies peaked at around 1 p.m. on Wednesday before leveling off in afternoon trading. Before they went public, Snowflake and JFrog were both named among the most sought-after companies for stock options by accredited investors on EquityBee, an investor platform. … [Read more...] about It’s snowing on the NYSE and raining frogs on the Nasdaq

The company will list jointly in Hong Kong and Shanghai, raising about $17.23 billion for each market, according to public filings. Shares on the Hong Kong Stock Exchange will be priced at HK$80 ($10.32), and shares on Shanghai’s tech-oriented STAR Market exchange at 68.8 yuan ($10.27). Trading in Hong Kong is expected to begin on November 5. The Shanghai trading date has not yet been disclosed. … [Read more...] about Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO