The Daily

The government will take tougher action to break syndicate aimed at keeping the commodities price stable, Labour and Employment Adviser Asif Mahmud Shojib Bhuyain said today (24 October).

“The government was considering launching of agriculture market to prevent dominance of the syndicate in the commodity markets,” he said while inaugurating the operations of truck sale by the state-run Trading Corporation of Bangladesh (TCB) at Dakhshin Begunbari (Dipikar Mor),

 » Read more about: Asif warns of taking tougher action to break market syndicate  »

The 15 largest corporate beneficiaries of former President Donald Trump’s 2017 tax law have dumped a combined $839 billion into executive-enriching stock buybacks and dividends since the measure’s passage, according to research released Wednesday by the progressive watchdog group Accountable.US.

The new analysis, which cites figures from the Institute on Taxation and Economic Policy,

 » Read more about: 15 Corporations Used Trump Tax Cuts to Pump $839B Into Buybacks and Dividends  »

These five dividend powerhouses offer yields above 4%.

 » Read more about: 5 High-Yield Dividend Stocks to Buy Without Hesitation  »

Fresh data out Thursday showed the US economy remains on track to grow at a solid pace through the end of 2024.

S&P Global’s flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 54.4 in September, down from 54.6 in August. Economists had expected the index to tick down to 54.3.

 » Read more about: New data shows US economy on track to grow at 'encouragingly solid pace'  »

Bullish option flow detected in Quantumscape (QS) with 7,817 calls trading, 1.5x expected, and implied vol increasing over 1 point to 73.25%. 10/25 weekly 5.5 calls and 10/25 weekly 5 puts are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.26.

 » Read more about: Quantumscape call volume above normal and directionally bullish  »

An aerial view of Shanghai File photo: VCG

Several US firms have recently disclosed their third-quarter financial results, highlighting their strong performance in the Chinese market and reaffirming their commitment to continued investment in the country. 

With a wave of vigorous stimulus policies introduced in China and the ongoing expansion of its opening-up to foreign investment,

 » Read more about: US firms bullish on Chinese market amid strong Q3 earnings reports  »

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 19.1% in the afternoon session after the company reported third quarter results that beat analysts’ gross margin expectations (19.8% vs 16.9%). That helped it beat on adjusted earnings per share, Adjusted EBITDA, and Free Cash Flow.

Additionally, Tesla saw vehicle delivery growth of 6.4% quarter on quarter,

 » Read more about: Why Are Tesla (TSLA) Shares Soaring Today  »

The EV maker impressed investors with its third-quarter earnings report.

 » Read more about: Why Tesla Stock Was Climbing This Week  »

 » Read more about: India ideal place to invest in, says PM Modi  »

Private equity firm Patient Square Capital has signed a definitive agreement for a strategic investment in revenue cycle management company CorroHealth. 

The transaction is expected to close by the end of 2024, with Patient Square Capital sharing joint control of the company with private equity firm Carlyle, according to an Oct.

 » Read more about: PE firm to invest in CorroHealth  »