Danish pharmaceutical company Novo Nordisk A/S, maker of blockbuster weight loss drug Wegovy, said Friday its CEO was stepping down by “mutual agreement” with the company’s board of directors, citing “recent market challenges” and a steep decline in the company’s share price. Lars Fruergaard Jorgensen’s departure comes a week after the company downgraded its sales…
The Pakistan stock market plunged over nine per cent in four days of bear hammering as the escalation in India-Pakistan spooked investors across the border. The benchmark KSE-30 Index fell 3% on provisional basis to its the lowest since Dec. 19, after dropping as much as 6.1% at one point. India’s NSE Nifty 50 Index…
Stocks to buy: Crude oil prices have been on a slippery slope for most of 2025, shedding almost 20% on a year-to-date (YTD) basis, with Brent crude prices briefly slipping below the $60/barrel mark on Monday. While the crude oil prices rebounded to $61 level today, May 6, they have tumbled almost 10% over the…
German sportswear maker Adidas held back on Tuesday from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty around U.S. import tariffs was making it difficult to make predictions and plan. CEO Bjorn Gulden said that “in a normal world” the company would have hiked its revenue and profit guidance after last…
Gold has shown exceptional performance in the first four months of 2025, surging nearly 25 per cent year-to-date (YTD) and reaching record highs on both the MCX and COMEX exchanges. This sharp rally is attributed to a combination of heightened geopolitical risks, trade tensions—particularly between the U.S. and China—and a surge in safe-haven demand from…
Gold rates today are on an uptrend due to the economic uncertainty of Trump’s tariffs and the renewed fear of a slowdown in the US economy. In the YTD time, MCX gold rate has risen around 25%, whereas it has risen from ₹44,906 per 10 gm to ₹95,239 per 10 gm (from 17 April 2020…
Gold has emerged as one of the best-performing asset classes in 2025 so far, surging nearly 25 percent year-to-date (YTD) and scaling fresh all-time highs on both the MCX and COMEX platforms. According to Motilal Oswal Financial Services Ltd (MOSL), this rally has been underpinned by escalating geopolitical tensions, mounting trade disputes—especially between the US…
Renowned investor Vijay Kedia trimmed his stake in Precision Camshafts by 1.05% in the March quarter, reducing his holding in the company to 1.05% from 2.10% in the preceding December quarter. Apart from his personal holding, Kedia, through his brokerage firm Kedia Securities, maintained 1.05% stake in the company at the end of the March…
In early April 2025, global financial markets were jolted by a sharp and unexpected escalation in trade policy. US President Donald Trump announced sweeping reciprocal tariffs targeting nearly every major trading partner, a move that went beyond the tit-for-tat approach of previous years. US equities had the biggest decline in dollar value terms, losing $5.3…