Page 8 - Nasdaq

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

Asia stocks rise, yen slips as BOJ maintains accommodative monetary policy

Nasdaq futures advanced more than 1%, while S&P 500 futures rose 0.85%

Nasdaq down over 2%, Dow falls 500 points on US GDP growth data

Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue

Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%

Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.

F&O expiry, Q4, Meta impact: Which way will the Nifty swing on April 25?

Stock market preview Thursday, April 25: Global mood turns bitter as Nasdaq futures fall post Meta guidance; HUL, Axis Bank and Indian Hotels to react to Q4 numbers on Dalal Street.

ReNew, JERA to jointly evaluate green ammonia projects in Odisha

ReNew also has a joint venture called GH4India Pvt Ltd with state-owned oil company Indian Oil Ltd and manufacturing major L&T to jointly set up a green hydrogen business

Donald Trump's social media company lost more than $58 million last year

Less than a week after a flashy stock market debut, Donald Trump's social media company is disclosing that it lost nearly USD 58.2 million in 2023. Losses in 2023 for Trump Media & Technology Group whose flagship product is Truth Social mark a stark decline compared with the profit of USD 50.5 million that the former president's company reported for 2022, according to a regulatory filing Monday. Revenue for Trump Media topped just over USD 4.13 million in 2023, the SEC filing shows, although that's up from USD 1.47 million in 2022. After merging with with a blank-check company called Digital World Acquisition Corp., Trump Media began trading on Tuesday on the Nasdaq under ticker symbol DJT. It's been a volatile ride. Trump Media's shares soared in their first couple days of trading surpassing USD 79 at one point Tuesday but have since fallen closer to their initial offering price of USD 49.95. As of midday Monday, Trump Media's stock was down more than 18 per cent, standing at

Trump's social media firm starts trading on Nasdaq with a mcap of $6.8 bn

As Donald Trump's social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially too volatile. Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, now takes Digital World's place on the Nasdaq stock exchange. Trump Media debuts with a stock price near USD 50 and a market value of about USD 6.8 billion. Many of Digital World's investors were small-time investors either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock more than double this year in anticipation of the merger going through. They're betting on a company that has yet to turn a profit. Trump Media lost USD 49 million in the first nine months of last year, when it brought in just USD 3.4 million in revenue and had to .

Donald Trump's social media company to be traded on Nasdaq from March 26

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. The common stock of Trump Media & Technology Group will trade under the ticker symbol DJT." Former president Donald Trump is set to own most of the combined company or nearly 79 million shares. Multiply that by Digital World's closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.

Trump's social media company to go public, likely listing on Nasdaq

Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. Shareholders of Digital World Acquisition Corp, a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market. Trump is set to own most of the combined company or nearly 79 million shares. Multiply that by Digital World's closing stock price Friday of USD 36.94, and the total value of his stake could be nearly USD 3 billion. The greenlight arrives at a time the presumptive Republican presidential nominee is facing his most costly legal battle to date: a USD 454 million judgment in a fraud lawsuit. But Trump won't be able to cash out the deal's windfall immediately, unless the company's board makes changes to a lock-up provision that prevents company insiders ...

Apple loses $113 billion in value as European, US regulators close in

Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024

Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs

The Nasdaq is home to thousands of stocks, including those of iPhone maker Apple, electric vehicle-maker Tesla and semiconductor powerhouse Nvidia

Nifty 500 beats S&P 500, other leading global indices in last 10 yrs: study

Nifty 500, India's broadest index, outperformed most of the world's leading indices except the Nasdaq 100 over the last 10 years, according to the study by Motilal Oswal Asset Management Co.

Key acquisitions to expand footprint in India's energy sector: Honeywell

Compressors Control Corporation acquired by Honeywell counts ONGC, GAIL, Petronet LNG among customers

Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%

The firm, based in Teaneck, New Jersey, reported a 7 per cent increase in net profit at $558 million for the December quarter

Nasdaq planning to cut hundreds of jobs amid integration of Adenza

Nasdaq is considering cutting some positions and may reallocate others in a bid to minimize redundancies, according to people familiar with the matter

Nasdaq talks to India about overseas listings for local companies

Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview

Baidu terminates $3.6 bn purchase of JOYY's China live-streaming unit

The failure of the deal casts a shadow on search engine giant Baidu's ambition to diversify its revenue. The company proposed to acquire JOYY's entertainment live streaming business in China in 2020

Sensex soars 359pts, Nifty tops 21,250 amid broad buying; Inox India up 41%

Closing Bell on Thursday December 21: In the broader markets, the BSE MidCap and SmallCap indices outpaced frontline indices as they climbed 1.6 per cent and 1.69 per cent, respectively

Nasdaq hit by system error affecting thousands of trades, nixing some

The incident, starting around 2:30 p.m. New York time, involving "certain FIX/RASH order entry ports," Nasdaq said in an emailed statement that didn't elaborate on the cause