• Nov 13, 2024

TSX futures edge lower ahead of US inflation data

Futures tied to Canada's main stock index marginally fell on Wednesday, mirroring Wall Street peers, ahead of key U.S. inflation data due later in the day. December futures on the S&P/TSX index were down 0.07% at 6:04 a.m. ET (11:04 GMT).

  • Nov 13, 2024

Tesla’s Meme-Like Stock Surge Leaves Wall Street Feeling Wary

(Bloomberg) -- Tesla Inc.’s post-election surge, powered by Elon Musk’s full-throated support for Donald Trump, has added almost $250 billion to the carmaker’s value, a staggering sum that now has some on Wall Street urging caution.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectu

  • Nov 13, 2024

Swiggy defies weak market in strong India debut

Shares of Swiggy ended debut day up 10.67% at ₹455.95 ($5.4) on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year. The closely watched listing makes the company a direct comparable for what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks a milestone for India's startup ecosystem, where several firms are eyeing similarly large public offerings in the next 24 months. It's also a major liquidity event for Swiggy's backers, which include Prosus (its paper returns have already reached $2 billion), SoftBank and Accel.

  • Nov 13, 2024

Eurex Delays EU Bond Futures in Blow to Bloc

(Bloomberg) -- Europe’s largest bond futures exchange has postponed the introduction of a futures contract tied to European Union debt, a blow to the bloc’s aims to boost trading in its bonds.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo Distri