IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2…
Trump, after threatening a renewed US naval blockade, has said that ships will be allowed safe passage via Hormuz for a 20% toll. (AP Photo) Adding to transit cost uncertainty, US President Donald Trump has proposed imposing a 20% reimbursement or toll on cargoes that are transported through the Strait of Hormuz. Traditionally, vessels have…
India’s holdings of the US Treasuries have dropped as per the latest data from US Federal Reserve. Gold has surpassed US Treasuries to become the world’s largest reserve asset – driven largely by the rise in bullion prices in recent years. But the other reality is that gold as a reserve currency, diversifier and safe…
From covered fly ash transport to a unified licence regime and stricter contractor norms, Railways has unveiled a series of reforms to improve logistics and project execution. Indian Railways on Tuesday announced a series of freight and logistics reforms, including the introduction of specialised covered containers for transporting fly ash and a unified all-India licence…
Stock Market Live Updates: Indian benchmark indices extended their losses on Tuesday, with the BSE Sensex tumbling 561.46 points to 77,054.94, while the NSE Nifty50 declined 158.95 points to 24,052.05. This marked a further dip after the market closed flat on Monday after recovering from sharp intraday losses, supported by a rally in IT stocks…
China’s exports grew much faster than expected in June, rising 27% year-on-year, driven by booming demand for artificial intelligence (AI)-related products and semiconductors, according to customs data released on Tuesday. The sharp increase exceeded economists’ expectations and marked a significant jump from the 19.4% growth recorded in May.Imports also rose strongly, climbing 36% in June,…
The data comes a day after the June Consumer Price Index (CPI) inflation numbers which breached the RBI’s target level of 4% for the first time in several months. (AI image) The impact of the US-Iran war is feeding into prices, with India’s wholesale price inflation accelerating to 9.87% in June from 9.68% in May….
Conditions around the Strait of Hormuz have worsened. As the conflict between the US and Iran escalates, supertankers are quietly transiting through the Strait of Hormuz. Iran has continued moving oil tankers through the Strait of Hormuz in recent days, even before the United States announced that it would reinstate a blockade on Iranian ports…
The renewed US-Iran tensions are driving crude oil prices higher, putting pressure back on the rupee. (AI image) The Indian rupee is back in the red after having appreciated in recent weeks due to Reserve Bank of India’s (RBI) measures and intervention. The currency has given up most of the gains it recorded after the…
Gold price prediction today: Gold prices will continue to be influenced by developments on the US-Iran conflict front in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link Vikrant Kharwar✍️ Vikrant Kharwar Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment,…