PUTNAM INVESTMENTS
Franklin Templeton launches Franklin US Equity IFSC Fund as its first outbound fund
Franklin Templeton India has launched its first outbound fund through GIFT City, offering Indian investors access to an actively managed US equity strategy. The feeder fund has a minimum investment of USD 5,000 and aims for long-term capital appreciation.
A ferry has crossed the Connecticut River at Rocky Hill since 1655; the state still runs it eight months a year, a three-car barge pushed across by a diesel towboat
The Rocky Hill–Glastonbury Ferry holds the title of the oldest continuously operating ferry in the U.S., dating back to 1655. This unique four-minute adventure across the Connecticut River functions on demand from April through November. Annually, it accommodates over 120,000 riders who cherish its peaceful journey compared to bustling roadways. Recent enhancements include a new trail connection for cyclists and pedestrians, further enriching the ferry experience.
US equities stall as early enthusiasm ebbs; Amazon, Apple earnings due
United States stock market experienced a downturn on Thursday. This happened after initial gains diminished. Investors were reacting to recent corporate earnings reports and economic figures. Microsoft's stock price increased significantly. Meta Platforms also saw a surge. However, other technology stocks faced challenges. Investors are closely monitoring upcoming economic data and trade developments.
Late chip rally lifts US stocks after Fed holds rates steady
U.S. stocks experienced a day of fluctuating trading, ultimately closing higher. Semiconductor stocks surged late in the session following reports of eased AI chip regulations. The Federal Reserve's decision to hold interest rates steady initially led to choppy trading. Disney's strong quarterly results fueled a significant jump in its shares, boosting the Dow. Trade discussions between the U.S.
US stocks dive after Fed cuts rates, signals slower easing pace in 2025
The Fed cut rates by 25 basis points to the 4.25%-4.50% range and its summary of economic projections (SEP) indicated it will make rate cuts totaling a half percentage point by the end of 2025 given the solid labor market and the recent stall in lowering inflation.
Wall Street Week Ahead: Maligned US real estate sector draws buyers eyeing rate cuts
Investors have been wading back into the sector. Global fund managers increased their exposure to REITs by 15 percentage points in December, pushing allocations to 12-month highs, according to the latest survey from BofA Global Research.
- Go To Page 1
George Putnam III tips to spot turnaround stocks for solid returns
According to Putnam, most investors chase the same stocks which are followed by hundreds of highly trained analysts and so it is hard to outperform. So he advises investors to seek out unloved, down-and-out turnaround situations as when these stocks eventually do come back, they can soar as investors pile into them.
Wall Street rallies to close higher after Fed statement
Investors had quickly raised their expectations that the central bank would hike rates by 75 basis points (bps) over the past several days following a stronger than expected reading of consumer prices on Friday. It had previously been widely anticipated the Fed would announce a raise of 50 bps, a rapid swing in expectations that has triggered a violent selloff across world markets.
How aviation pioneer Amelia Earhart’s son found his mother's flight cap which went missing in 1929
The story of Earhart’s iconic helmet began as part of a 1928 marketing stunt in an office.
S&P 500 ends off day's lows; Apple shares fall over 1%
Keeping the market in check, shares of tech giant Apple Inc fell 1.2% after it forecast slowing revenue growth.
Wall Street Week Ahead: Fed meeting looms for stocks as inflation worries collide with 'Goldilocks' markets
Stocks have climbed steadily in recent weeks and now stand at fresh records, extending a rally that has seen the S&P 500 gain 13% this year and nearly 90% from its March 2020 low.
Biotech firm Ginkgo to merge with Harry Sloan-led SPAC in $15 billion deal
The deal with Soaring Eagle Acquisition Corp is expected to fetch $2.5 billion in proceeds for the combined entity, the companies said. Baillie Gifford, Putnam Investments and accounts advised by ARK Investment Management have agreed to invest $775 million in the deal.
Wall Street Week Ahead: Tech retakes market lead as investors eye yields, earnings
Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index. Big tech-related growth stocks in other S&P 500 sectors such as Amazon Inc, Tesla Inc and Google-parent Alphabet Inc have also charged higher.
Wall St rebounds as earnings heat up, short worries cool
Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage drop in three months.
QFE offloads 5% in Bharti Airtel in Rs9,600-crore bulk deal
The shares were bought by local insurers and mutual funds, global asset managers, and hedge funds.
ET Awards 2015: Softbank CEO Nikesh Arora walks away with Global Indian award
One of the jurors praised him for being an excellent mentor to entrepreneurs, spending long hours with teams of his investee companies.
The surprising way Goldman Sachs employees maintain their 'competitive edge'
According to Laura Young, VP of benefits and wellness at Goldman Sachs, resiliency differs from stress management in some important ways.
Blame it on ASBA, govt to lose Rs 200 crore in interest
Most institutional investors have chosen to invest in the CIL IPO through the Application Supported by Blocked Amount route, which is hurting the govt.
Symphony focuses on new biz model for higher revenues
Symphony Services’ new CEO Pallab Chatterjee is transforming the company from just an offshored product developer for software firms to serving telecommunications, automotive and engineering design companies.
Dubai World in talks with banks to restructure $26 billion of its debt
Dubai World began talks with banks to restructure $26 billion of debt, including $3.5 billion owed by property unit Nakheel, and said the remainder of its liabilities are on “a stable financial footing.”
Madoff Scandal: Were the regulators and the regulated too close?
A review by the SEC inspector general determined that the agency's monitoring of the five biggest Wall Street firms, which included Bear Stearns, was lacking.
SEC chairman says agency failed to probe Madoff
Securities and Exchange Commission chairman Christopher Cox said Tuesday his regulatory agency repeatedly failed for at least a decade to pursue allegations of wrongdoing by Wall Street figure Bernard L Madoff.
Lehman reports its first-ever loss, net assets take $70-b hit
Lehman has lost more than 60% of its value on NYSE amid speculation that mortgage-related writedowns will continue to depress earnings.
Ford rally silences sceptics of founding family's power
Ford Motor’s rally, spurred by chief executive officer Alan Mulally’s recovery plan, may quiet critics demanding the founding family relinquish control of the second-largest US automaker.
US regulators, lenders may opt for five-year freeze on subprime rate
Federal regulators and US lenders are focusing on five years as the duration of an interest-rate freeze on subprime mortgages, said a person familiar with negotiations aimed at fending off a jump in foreclosures.
Joseph Lewis buys 7% in Bear Stearns
Joseph Lewis, the British-born, Bahamas-based currency trader who has amassed holdings in companies including auctioneer Christie’s International, paid $860.4 million for a 7 % stake in Bear Stearns, making him the brokerage firm’s largest shareholder.
Top deck reshuffle at Fidelity clouds CEO succession plan
An executive shake-up at Fidelity Investments brings two very different women to centre stage at the world’s biggest mutual fund manager, but it is far from certain who will rise to the top job.
Cognizant founder raises $225 mn fund
Kumar Mahadeva, founder of US based software services company Cognizant Technologies, has raised a $225-million fund to invest in Indian companies.
KKR, Permira close in on German broadcaster
Kohlberg Kravis Roberts & Co and Permira Advisers are close to winning the auction for ProSiebenSat.1 Media, Germany’s biggest broadcaster, three people with knowledge of the talks said.
Load More
