Tim Bohen’s Take: Globetrotting, Vegan Meat, and Traders Helping Charity

What’s a current craze in the stock market? Meat that’s not meat, it’s actually vegetables … kinda … Hey, I won’t eat it, but I’ll trade the stock if it smells right. I’ll tell you all about it in this post, but that’s not all. You’ll also find out about how the trading community came together to educate each other while raising funds for charity… Plus you’ll hear about the crazy life of a hedge fund guy turned globe explorer on the back of his motorbike… All that and more.…

Fed’s Powell reiterates case for interest rate cuts amid increased economic risks

Federal Reserve Chairman Jerome Powell said that the downside risks to the U.S. economy have increased recently, reinforcing the case among policy makers for somewhat lower interest rates. “Crosscurrents have reemerged, with apparent progress on trade turning to greater uncertainty and with incoming data raising renewed concerns about the strength of the global economy,” Powell said Tuesday in the text of remarks to be delivered at the Council on Foreign Relations in New York. His comments echoed those he made last week following the Federal Open Market Committee meeting. Powell…

Powell Warns Of Overreacting To Short-Term Swing In Sentiment

In a closely watched speech before the Council on Foreign Relations in New York on Tuesday, Federal Reserve Chairman Jerome Powell reiterated that the central bank will “act as appropriate” to sustain the U.S. economic expansion. Powell acknowledged in his prepared remarks that crosscurrents have reemerged since the Fed’s May meeting but did not appear to signal the imminent interest rate cut currently being priced in by the markets. The Fed Chief specifically cited apparent progress on trade turning to greater uncertainty and incoming data raising renewed concerns about the…

IndiaMart Intermesh: IndiaMART IPO gets fully subscribed on Day 2

New Delhi: The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was fully subscribed on the second day of bidding Tuesday. The IPO, which looks to raise about Rs 475 crore, received bids for 27,94,440 shares against the total issue size of 26,92,824 shares, translating into 1.04 times subscription, as per data available with the NSE. The category meant for qualified institutional buyers (QIBs) was subscribed 1.05 times, non institutional investors 4 per cent and retail individual investors 2.48 times. The IPO, which is…