FMCG penny stock jumps 6% despite stock market crash; here’s why
Sarveshwar Foods share price jumped over 6% on Monday after the company reported its Q4 results. The penny stock spiked as much as 6.32% to ₹7.56 apiece on the BSE. The gains in Sarveshwar Foods shares came despite broader weakness in Indian stock market today.
FMCG company Sarveshwar Foods reported its financial results for the fourth quarter of FY25 and full financial year 2024-2025 on Saturday,
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Read MoreTrump and Xi to talk China trade war after US president rages over rare-earths restriction
WASHINGTON — President Trump plans to speak by phone with Chinese President Xi Jinping sometime this week after tensions flared up over Beijing’s continued export restrictions on rare-earth elements used for batteries, industrial magnets and high-tech equipment.
Trump, who vented about the status of a preliminary tariff-reducing pact on Friday,
Read MoreUS manufacturing remains subdued in May; delivery times lengthening
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs,
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Read MoreWall Street tiptoes into June amid mixed trading as oil prices jump
By STAN CHOE, AP Business Writer
NEW YORK (AP) — U.S. stocks are drifting on Monday following some discouraging updates on U.S. manufacturing, the area of the economy that President Donald Trump is trying to revive through his trade war and tariffs.
The S&P 500 was 0.1% lower in afternoon trading.
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Read MoreLive Nasdaq Composite: Tech Gains Unleashed on Strengthening Economy
Investing
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A stronger than expected jobs report for May unleashed stock market gains.
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Tech stocks are leading the charge, with each of the Mag 7 stocks seeing green to end the week.
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Read MoreThe Burst
The ONLY Investing Rule That Matters
Yesterday the market fell as the Fed hiked rates, and more importantly signaled that it would continue to do so for longer than originally expected. But you might be surprised to discover this market reaction was highly unusual for 2022.
We’ll get back to the market in a moment but first, a quick throwback.
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Read MoreThe Ivy
Market Commentary: Only 4 Times In 153 Years, Now What?
Something is rotten in the state of Denmark was a line made famous by Shakespeare, but it could be applied equally to the USA now. Why is everything so much more costly than a generation ago, and insanely more expensive than a generation before that? In a word: inflation, which is caused by an increase in the money supply.
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