Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,000,000 shares, a drop of 12.7% from the November 15th total of 2,290,000 shares. Based on an average daily volume of 533,800 shares, the … Read more
First Business Financial Services, Inc. (NASDAQ:FBIZ – Get Rating) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 71,600 shares, a drop of 17.3% from the November 15th total of 86,600 shares. Based on an average daily volume of 22,000 shares, the short-interest … Read more
‘A welcome development’: As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’ Mortgage rates continued to weaken for the fifth week in a row, after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s … Read more
The key equity indices traded with moderate losses in mid-morning trade. Negative global cues dented investor sentiments. The Nifty slipped below the 18,350 mark after hitting day’s high of 18,440.95 in early trade. Barring the Nifty Oil & Gas index, all the other sectoral indices on the NSE traded in the red. … Read more
French economic activity is expected to fall by 0.2% in the fourth quarter of 2022, according to the French public statistics institute, but insisting that it will not lead to a recession. In a report published on Thursday, the French National Institute of Statistics and Economic Studies (INSEE) explained that French growth slowed in the … Read more
Understandably the stock has dropped significantly and plunged over 4 percent in intra-day trade on December 1 after the sales data was released. Bajaj Auto’s November domestic sales indicated a strikingly declining trend at 1,23,490 units, down 15 percent from the 1,44,953 two-wheelers sold last November. Even compared to the 2,06,131 units sold in October, … Read more
Chicago soybean futures were largely unchanged on Friday, with the market poised for a weekly decline as concerns over slowing global economy weighed on prices. Wheat ticked lower, although the market is set for a weekly gain on bargain buying after prices dropped to a two-month low last week, while it is on track to … Read more
Rampur, Uttar Pradesh: There was a time when Rampur, a district in Uttar Pradesh, was synonymous with ‘Rampuri chakus‘ — gravity knives that Bollywood villains would flick open in signature style as they terrorised their trembling victims on screen. The story goes that local bladesmiths working for the Nawab of Rampur came up with the … Read more
This deal will help the Adar Poonawalla-controlled NBFC to maximise shareholders’ value as it focuses on becoming ‘a new age financial services player.’ Shares of Poonawalla Fincorp Ltd ended at Rs 302.10, down by Rs 1.25, or 0.41 percent on the BSE. Buy / Sell Poonawalla Fin share Adar Poonawalla-controlled non-banking finance company Poonawalla Fincorp … Read more
By Emma Ockerman Wednesday’s top personal finance stories Hi, MarketWatchers. Don’t miss these top stories. How the Fed’s latest interest-rate hike affects your mortgage, car loan and credit-card bill — but there’s good news for your savings On Wednesday, the central bank raised the benchmark interest rate again, but not by as much as the … Read more