Author: Vickie Helm

Midday Trading Highlights: Key Companies Making Waves in the Market Here’s a glance at some of the notable companies that are making headlines during midday trading. Eli Lilly Struggles with Revenue Expectations Eli Lilly & Company experienced a significant setback, with its shares dropping 6.6%. The pharmaceutical giant has revised its expectations for 2024, anticipating revenues of around $45 billion, which falls short of the previous estimate of $45.4 billion to $46 billion. This adjustment follows a noted decline in demand for its weight loss and diabetes medications. Boeing Faces Delivery Shortfall Boeing’s shares dipped 2.1% as the company reported…

Iceland’s Feminist Leadership: A Historic Milestone Almost 45 years ago, Iceland made a groundbreaking move by electing the world’s first female president, establishing a legacy that has positioned the nation as a leading advocate for feminism globally. Over the years, Iceland has seen several women ascend to the roles of president and prime minister. Recently, the country reached a significant milestone when Kristrún Frostadóttir, a social democrat, assumed office just three weeks ago, making history as both the country’s youngest leader at 36 and as part of a concurrent leadership of women with Halla Tómasdóttir, who became the second female…

Introducing Mirae Asset’s New Small Cap Fund Mirae Asset Investment Managers (India) has officially launched the Mirae Asset Small Cap Fund, a fresh open-ended equity scheme primarily dedicated to small-cap stock investments. This fund endeavors to seize growth opportunities within India’s burgeoning small-cap sector through a meticulously research-driven investment strategy. Fund Overview The Mirae Asset Small Cap Fund will benchmark its performance against the Nifty Small Cap 250 Total Return Index (TRI). Senior Fund Manager Varun Goel will oversee the fund’s management, emphasizing long-term wealth generation by investing in high-potential small-cap companies boasting robust fundamentals, effective corporate governance, and sustainable…

Bears Shine with A Stellar Performance Against Florida State In a recent women’s basketball clash, Cal showcased their prowess on both ends of the court, dominating Florida State with a final score of 82-70. This match highlighted the Bears’ exceptional shooting skills and pronounced defensive strategies that have positioned them as one of the top teams in the country. Solid Shooting Stats Cal’s shooting accuracy has made them a formidable competitor, with an impressive 37.3% success rate from beyond the arc, ranking them 16th nationally. Furthermore, they sit 12th for true shooting percentage at 57.5%. Their offensive rating of 107.4…

Premarket Trading Highlights: Key Company Moves As we dive into premarket trading activity, several companies are capturing attention with notable stock movements. Technology stocks, previously facing pressure, showed signs of recovery ahead of the market’s opening bell. Technology Sector Recovery Nvidia and Palantir both saw increases of over 1%, with AppLovin following closely behind, gaining 0.7% in premarket trading. These tech stocks have demonstrated resilience, emerging as some of the top performers this year. KB Home’s Impressive Earnings KB Home shares surged by more than 9% after the company reported fourth-quarter results that surpassed expectations. They posted earnings per share…

Opposition Accuses AAP of Falsifying Promises as Women Question Assistance The political landscape in Delhi is heating up as the opposition parties seize the moment to critique the Aam Aadmi Party (AAP). In various neighborhoods across the city, the Bharatiya Janata Party (BJP) has plastered posters proclaiming AAP’s “lies.” These posters pose a provocative question: “If they couldn’t deliver 1,000 rupees in Punjab, how can they promise 2,100 rupees in Delhi?” Large billboards further amplify this message, offering a checklist for voters. On one side, AAP is criticized with claims highlighted in blue: “They didn’t provide 1,000 rupees in Punjab…

BlackRock Seeks Extension for FDIC Investment Agreement In a significant move, BlackRock has requested the U.S. Federal Deposit Insurance Corporation (FDIC) to postpone the deadline for finalizing an agreement regarding the agency’s oversight of the asset manager’s investments in FDIC-regulated banks. The firm aims to extend the deadline from the current Friday to March 31. This information comes from a letter sent to regulators on Thursday, which was acquired by Reuters. Ongoing Negotiations Between FDIC and Asset Managers The request marks the latest development in an ongoing debate between the FDIC and the largest managers of index-based mutual funds and…

NC State Women’s Tennis Kicks Off 2025 Season in Florida While the snow fell in Raleigh, the NC State women’s tennis team launched its 2025 season under the sun in Coral Gables, Florida, competing in the Miami Spring Invite. Last year, the Wolfpack faced an unexpected exit in the NCAA Championship, losing to Stanford during the Super Regional Round. With a significant number of talented seniors, including Amelia Rajecki and Abigail Rencheli, having graduated, the red-and-white squad has regrouped with a fresh lineup aiming for greater postseason success. Day 1 Highlights The Wolfpack commenced their preseason in Coral Gables with…

Midday Market Highlights: Notable Stock Movements As the midday trading session unfolds, several companies are making headlines for various reasons: Quantum Computing Decline Quantum computing stocks experienced a downturn following comments from Meta Platforms’ CEO Mark Zuckerberg, who tempered expectations surrounding this emerging technology. Rigetti Computing saw a significant drop of 27%, while D-Wave Quantum plummeted by 32%. Additionally, the Defiance Quantum ETF fell by 2.5%. Nvidia and Semiconductor Stocks Take a Hit The semiconductor sector faced challenges after the Biden administration announced new export restrictions on artificial intelligence chips. Nvidia’s shares declined by over 2%, the VanEck Semiconductor ETF…

Women Transforming Indian Politics: Insights from Veteran Journalist Rajdeep Sardesai at Kitaab Event in Kolkata Veteran journalist Rajdeep Sardesai launched his new book, *2024: The Election that Surprised India*, which chronicles last year’s parliamentary elections that led to a modest re-election of the Modi government, forming a coalition government. In a captivating discussion with medical professional, social scientist, and political activist Fuad Halim, Rajdeep delved deeply into the themes of his book at the Kitaab event hosted by the Prabha Khaitan Foundation FICCI-FLO Kolkata at Taj City Centre, New Town Kolkata, on a delightful winter evening. IBNS correspondent Souvik Ghosh…