Rahul Kumar

CRWV Stock Gets JPMorgan Upgrade Despite ‘Lackluster’ Share Performance, Investor Concerns Around Capital Intensity

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JPMorgan analyst Samik Chatterjee cited a favorable pricing backdrop for AI compute and strong demand for CoreWeave’s infrastructure. JPMorgan raised its revenue and margin forecasts, citing CoreWeave’s use of shorter-term contracts at premium pricing. The firm said the improved forecasts are in “contrast to a lackluster share price performance dictated by investor concerns around capital … Read more

VKTX Stock Heads Toward Worst Day In Over A Year Just Days After Promising Weight Loss Drug Data — Here’s What’s Driving The Selloff

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Viking Therapeutics priced an upsized financing deal at a 16% discount from the stock’s closing price on Wednesday. Viking priced around 7.86 million shares at $35 each, along with $225 million of convertible notes. The company plans to use the proceeds primarily to advance weight loss therapy VK2735. VK2735 recently showed 16% to 19% weight … Read more

Starbucks To Shut 250 North America Coffeehouses – COO Says ‘Back To Starbucks’ Strategy Is Working

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The move targets locations that Starbucks says are falling short on customer experience or financial performance, while the company continues investing in its broader store strategy. Starbucks plans to close about 1% of its North America coffeehouses. The coffee giant will support employees impacted by the closures with transfers and severance where applicable. The closures … Read more

T20 Mumbai League gets 9th franchise for Navi Mumbai for Rs 106.88 cr

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The Mumbai Cricket Association (MCA) awarded the ninth T20 Mumbai League franchise, representing Navi Mumbai, to Aspect Sports for Rs 106.88 crore over six years. This move marks a significant expansion, aiming to widen the league’s footprint. The Mumbai Cricket Association (MCA) announced Aspect Sports as the successful bidder for the ninth franchise of the … Read more

Treasury Yield Surge Could Be A ‘Headwind’ For Risk Assets, Says Verdence CIO – Flags Pressure On AI Funding

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Verdence CIO Megan Horneman told CNBC that rising yields could bring more equity volatility and make debt-funded AI spending harder, while UBS remains constructive on stocks. Horneman said stocks increasingly have to compete with the returns available in the bond market as Treasury yields rise. AI companies that have used debt markets to fund capital … Read more

Tesla’s EU Registrations Jump Nearly 53% In August – But Chinese EV Rivals Grow Much Faster

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While Tesla’s EU registrations surged in August, growth across the broader EU, EFTA and UK market was much slower at 4%. BYD registrations climbed 144.1%, Chery’s grew 279.7%, while Leapmotor’s registrations surged 449.9% in August across the EU. Tesla is set to showcase its new Semi electric truck manufacturing facility in Nevada later on Thursday. … Read more

Leave encashment is a retiral due, delayed payment gets interest: HC

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The Delhi High Court has ruled that leave encashment is a ‘retiral due’ and its delayed payment can attract interest. The court dismissed the Union of India’s challenge to a Central Administrative Tribunal order mandating interest payment. The Delhi High Court on Thursday held that leave encashment falls within the ambit of “retiral dues” and … Read more

NSE IPO’s global success reflects deep confidence in India: CEO Chauhan

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Following its landmark IPO, NSE MD Ashish Kumar Chauhan stated that strong global participation, with 44% from FIIs, reflects deep foreign investor confidence in Indian assets. He described the exchange as a proxy for India’s economic growth. Marking a milestone moment for Indian capital markets, National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan … Read more

‘I Don’t Regret Father’s Murder, Regret Knife Attack’: Son Confesses To Killing Kanpur Businessman

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The investigation into the murder of Kanpur businessman Vineet Minocha has taken a significant turn, with police claiming that his son Subrat has accepted responsibility for the killing during questioning. A video purportedly showing Subrat during police questioning has also surfaced. In the video, he is heard speaking about the murder and his feelings about … Read more

‘We Lost The Civic Sense Game’: Tejasvi Surya’s Wife Sivasri Skandaprasad Shares Train Ordeal

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Tejasvi Surya’s wife Sivasri Skandaprasad shared a frustrating train journey, alleging that a large group of passengers spoke loudly for hours. Her comments on civic sense sparked an online debate, with users sharing similar experiences. Carnatic singer Sivasri Skandaprasad has shared a frustrating experience from a train journey, questioning the lack of civic sense among … Read more