Mpox-linked stocks extend rally into second week, Geo Vax up 47%

Mpox-linked stocks extend rally into second week, Geo Vax up 47%

Shares of some mpox vaccine and drug developers jumped sharply on Monday in premarket trading, putting them on track to extend gains from last week as concerns over an outbreak of the virus rise. Shares of GeoVax Labs and Tonix Pharmaceuticals led the gains. Both the companies, which have a combined market capitalization of less …

Read more

View: Sebi & RBI’s hyperactivity catches market by surprise; but it’s for restoring credibility

View: Sebi & RBI’s hyperactivity catches market by surprise; but it’s for restoring credibility

The recent hyperactivity at both India’s banking regulator and the securities watchdog has caught the market by surprise. Commercial lenders have taken a rap for hiding their bad loans in private-credit funds. Investment banks are under the scanner for pushing initial public offerings past the finish line by funding mule accounts. A homegrown payments pioneer …

Read more

Bitcoin market cap skyrockets to $1 trillion after more than two years

Bitcoin market cap skyrockets to  trillion after more than two years

Bitcoin climbed past $51,000 in a broad cryptocurrency rally that saw Ether, the second-biggest token, advance back to where it was before the TerraUSD stablecoin collapsed almost two years ago. Representation of bitcoin cryptocurrency is seen in this illustration (REUTERS) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Bitcoin’s 21% year-to-date gain pushed its market capitalization above $1 trillion …

Read more

Meta makes Wall Street history with $196 billion market cap gain

Meta makes Wall Street history with 6 billion market cap gain

Days ahead of Facebook’s 20th anniversary, Meta authorised an additional $50 billion in share repurchases and announced a quarterly dividend of 50 cents per share. While dividends are commonly associated with mature companies, Meta has become the fourth among Silicon Valley’s leading tech giants, alongside Apple, Microsoft, and Nvidia, to offer dividends. Also Read | …

Read more

Market capitalisation of top 10 companies decreases: TCS, Infosys see most erosion

Market capitalisation of top 10 companies decreases: TCS, Infosys see most erosion

The combined market valuation of four leading firms in the top-10 list decreased by ₹23,417.15 crore last week, with Infosys and Tata Consultancy Services (TCS) facing significant declines, PTI reported. IT major Infosys recorded the most substantial drop, with its market capitalisation falling by ₹8,465.09 crore to ₹5,68,064.77 crore. While, fellow sector player TCS saw …

Read more