The Dow Jones reached 40,000 but closed just below it. Meanwhile, two brothers face charges for a $25 million cryptocurrency heist. Amidst this, concerns over rising US government debt intensified as industry leaders Jamie Dimon and Ray Dalio emphasized the need for US debt reduction and flagged waning investor interest in Treasuries. All this and more, on the May 17 edition of World Street.Dow Jo...

Hindustan Aeronautics Limited (HAL) shares hit a new all-time high of Rs 4,656.4, jumping as much as 10 percent at close on May 16, following the company’s strong Q4 results. The stock marked its fifth consecutive day of gains.The optimism was also fueled by global brokerage firm UBS, which maintained a 'buy' rating on the stock and raised the target price to Rs 5,200 per share from Rs 3,600 ahe...

The second comingThis well-networked HNI based out of suburban Mumbai, who was active during the dotcom boom of 2000 and then abruptly vanished from the scene, has made a quiet comeback. His name has been figuring in some of the major block deals of late, Cipla and ITC being the notable ones. What has set tongues wagging is that this HNI has been figuring among the bidders in the block deal window...

Benchmark indices Sensex and Nifty 50 opened lower on May 17, tracking global markets, even as concerns over election results continue to weigh. However, analysts are optimistic about India's growth story in the long term."The only caveat here is we are in the midst of major general elections, and hence, the volatility is likely to remain on the higher side," said Sameet Chavan, Head of Research, ...

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fuelled expectations that the Federal Reserve could cut interest rates this year.Spot gold was up 0.1% at $2,379.14 per ounce, as of 0236 GMT. Bullion prices have gained 0.7% so far this week.U.S. gold futures were flat at $2,383.20.The dollar index was down 0.6% for the week so far, against i...