By Haripriya Suresh BENGALURU (Reuters) – Indian IT services firm Tech Mahindra on Saturday reported revenue grew more than expected in the three months through September, aided by growth in European and other non-American markets, as well as the banking, financial services, and insurance (BFSI) segment. Revenue rose 3.49% to 133.13 billion rupees ($1.58 billion) for its financial second quarter from the same period last year, beating analysts’ average estimate of 131.9 billion rupees, according to data compiled by LSEG. Tech Mahindra continued to see weakness in its communications segment, which contributes a third of overall revenue. Higher borrowing costs…
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The industrial conglomerate’s shareholders will have to wait to see the full results of its restructuring. The announcement of a future spin-off of Honeywell’s (HON 1.12%) advanced materials business caused a spike in the share price and some rare excitement for a stock that hasn’t gone anywhere over the last three years. But is it a temporary break in the slumber or the start of a significant move upward in the price? Here’s what you need to know about Honeywell’s latest news. Honeywell cheers the market The industrial company’s stock price has been flat over the last three years compared…
Pharmaceutical powerhouse Eli Lilly (NYSE: LLY) is having a terrific 2024. Shares have gained 58% so far this year, handily outperforming both the S&P 500 and Nasdaq Composite indexes.Much of the share price appreciation can be attributed to Lilly’s success in the diabetes and obesity care markets thanks to its blockbuster glucagon-like peptide-1 (GLP-1) agonists, Mounjaro and Zepbound. Moreover, Lilly made headlines back in July as the company’s Alzheimer’s drug, donanemab, received approval from the Food and Drug Administration (FDA).About a month ago, Lilly secured another big win that I think is being overshadowed by the company’s success in other…
Stock picking may be the key to getting exposure to small caps.Rob Harvey, who’s behind the Dimensional U.S. Small Cap ETF, uses an actively managed approach to buying the group. He’s trying to avoid small caps that are underperforming and dragging down the index.”There’s no reason to hold companies that really are scraping the bottom of the barrel in terms of profitability,” the firm’s co-head of product specialists told CNBC’s “ETF Edge” this week. “You remove those from your small cap universe, [and] you can do a lot for boosting returns.”The Russell 2000, which tracks small caps, is up more…
By Bianca Flowers and Disha Raychaudhuri ATLANTA, Georgia (Reuters) -Francisca Shaw said she knew something was deeply wrong as she was rushed into an emergency cesarean for the delivery of her third child, a daughter, at Seattle’s University of Washington Medical Center in 2015. “I remember I told my doctor when I was getting cut: ‘I can’t breathe,” Shaw recalled saying. “She said: ‘Oh yeah, you can.'” Shaw’s uterus ruptured during the c-section, causing heavy bleeding. She required a hysterectomy and went into cardiac arrest, according to medical records reviewed by Reuters. She was hospitalized for three weeks after the…
Financial education for children in Japan has taken on greater urgency since the country lowered the age of adulthood from 20 to 18 in 2022. One reason major securities firms are expanding financial education programs for Japanese elementary school children is to teach the importance of responsible money management. The programs are designed to be enjoyable for younger children by incorporating games and other activities. At the same time, efforts are underway to equip teachers with the necessary training to conduct lessons independently, without the need for financial experts. “I know that one,” shouted many of the some 30 children…
Pim van Vliet, PhD, is the author of High Returns from Low Risk: A Remarkable Stock Market Paradox, with Jan de Koning. The low-volatility premium may be the most compelling anomaly in financial markets: Less risky securities outperform their riskier counterparts over the long term. Empirical tests of the capital asset pricing model (CAPM) first documented this counterintuitive phenomenon more than a half century ago. It emerged not in a search for alpha but rather as an unwelcome reality, an unintended consequence of theory testing, and remains poorly understood to this day. This makes the defensive low-volatility factor unique and…
By Rich McKay (Reuters) – At least seven people were killed after part of a boat dock collapsed, sending at least 20 into the Atlantic waters off the coast of the U.S. state of Georgia. U.S. Coast Guard ships were searching Saturday night for missing people. The accident, which also caused multiple injuries, happened during a celebration of Sapelo Island’s tiny Gullah-Geechee community of Black slave descendants, authorities said. A gangway that was crowded with people waiting for a ferryboat collapsed late Saturday afternoon on the Georgia barrier island about 60 miles (97 km) south of Savannah, said Tyler Jones,…
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results between individual stocks. At this point some shareholders may be questioning their investment in Sanford Limited (NZSE:SAN), since the last five years saw the share price fall 47%.It’s worthwhile assessing if the company’s economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let’s do just that. View our latest analysis for Sanford To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but…
The Schwab U.S. Dividend Equity ETF (SCHD) is one of the most popular dividend ETFs in the market today with a massive $63.7 billion in assets under management (AUM).The fund recently made some waves by executing a 3-for-1 split which went into effect on October 10th. We’ll discuss the rationale and details regarding the share split in this article. But more importantly, we’ll evaluate the merits of holding SCHD in an investment portfolio.I’m bullish on this well-known dividend ETF based on the strength of its attractive yield, its diversified portfolio of highly-rated dividend stocks, and an ultra-low expense ratio.What Is the…