Eli Lilly: Fasten Your Seatbelts

🚨 🚨 The biggest pharmaceutical stock by market capitalisation, Eli Lilly (NYSE:LLY) continues its unabated upward journey. Not only has it more than doubled its price in the past year, but it’s up by 33.6% in the first quarter of 2024 (Q1 2024) as well

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Huawei Beats

🚨 🚨 Huawei Technologies Co. sustained its run of strong quarterly profit growth, building on the resurgence of its consumer business against Apple Inc.’s iPhone and the rise of its cloud division against incumbent Alibaba Group Holding Ltd

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Citi: Rally Set To Broaden

🚨 🚨 The US stock rally is set to broaden out beyond technology, according to Citigroup Inc. strategists whose outlook on the sector has turned more cautious

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Recession? That Was The Dumbest Prediction Ever

🚨 🚨 Recession? Two of the fixed income securities that best portend economic strains — US junk bonds and the financial sector’s high-grade bonds — are rallying. The average spread on US junk bonds has tightened by 24 basis points to 299 basis points so far this year. That of high-grade financial bonds has also tightened by 16 basis points during the period

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EIH Is Expanding

🇮🇳 🇮🇳 EIH to invest ₹421 crore on construction of Oberoi Luxury resort at Cavelossim Beach in South Goa

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AI Is Definitely Coming To India

🇮🇳 🇮🇳 PMModi to BillGates: Enhanced AI training and watermark authentication for content is imperative

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Yen Bears Listen Up

🇯🇵 🇯🇵 Yen Bears Listen Up: Japan’s plan to phase out utility subsidies is likely to push inflation toward 3% over the summer, potentially complicating the Bank of Japan’s thinking on the path of interest rate hikes. The government will end its subsidies on electricity and gas charges at the end of May while keeping its gasoline measures in place for the time being

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Vietnam’s Growth Slows

🇻🇳 🇻🇳 Vietnam’s Gross domestic product rose an annualized 5.66% in the January-March period after gaining 6.72% in the previous quarter. That compares with the median 6.4% expansion seen in a Bloomberg survey of economists

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Brent May Climb To $100

🚨 🚨 JPMorgan: Russia’s cuts could push Brent to $90 in April and nearly $100 by September, which would put pressure on the Biden administration in the runup to the November presidential elections. Gas prices are likely to climb to $4 a gallon by May, the highest since the summer of 2022

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HBM~The Next Biggest Thing

🚨 🚨 Goldman expects the total addressable market for High-Bandwith Memory (HBM) to expand tenfold to $23 billion by 2026, up from just $2.3 billion in 2022 and is predicting major growth for memory chips used in AI systems

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