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Geojit Financial Services Limited (GEOJITFSL.BO)

84.00

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(-1.29%)

At close: 3:58:07 PM GMT+5:30

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

Yahoo Finance 1 hour ago

WFC
HPE tops Q2 estimates, Q3 revenue forecasts. Stock gets lift.

In its fiscal second quarter release, Hewlett Packard Enterprise (HPE) beat consensus estimates on its net revenue ($7.63 billion vs. expectations of $7.46 billion) and adjusted earnings per share ($0.38 vs. expectations of $0.33). HPE shares are getting a lift in Tuesday's extended hours trading. Julie Hyman and Josh Lipton dive into the hardware and software developer's earnings print and its third quarter revenue and full-year profit figures. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Yahoo Finance Video 1 hour ago

HPE
Nvidia reclaims crown as world's most valuable company as $1 trillion rally continues

Nvidia on Tuesday overtook Microsoft as the world's most valuable company Tuesday, with the AI chipmaker's market capitalization of $3.444 trillion eclipsing the software giant's $3.441 trillion.

Yahoo Finance 2 hours ago

NVDA

MSFT

TSM
Broadcom's all-time high, CVS investment, Robinhood & Bitstamp

Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Broadcom (AVGO) shares hitting an all-time high ahead of its earnings this Thursday, CVS Health (CVS) revealed plans to invest $20 billion to modernize American healthcare, and Robinhood Markets (HOOD) completing its acquisition of European crypto exchange Bitstamp. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Yahoo Finance Video 6 hours ago

CVS

AVGO

NVDA
Dollar General earnings: Inventory has been a priority amid tariffs

Dollar General (DG) is getting a stock boost on Tuesday morning after the discount retailer topped its first quarter earnings estimates and raised its annual guidance. RapidRatings Executive Chair James Gellert — who has given Dollar General's financial health a rating of 64 out of 100, above the broader retail space's rating of 55 — comes on the show to speak more about the chain's outlook and inventory management amid tariff concerns. Competitor Dollar Tree (DLTR) are scheduled to report its earnings this week on Wednesday, June 4. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Yahoo Finance Video 8 hours ago

DG

DLTR
The 'Magnificent 7' are outperforming other stocks again — here's why

The "Magnificent Seven" tech stocks led the market higher in May as investors searched for safety amid higher rates and economic uncertainty.

Yahoo Finance 14 hours ago

GOOG

NVDA

^DJI
Dollar General earnings, job openings, Fedspeak: What to Watch

Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the top market stories and headlines Wall Street will be paying attention to tomorrow, Tuesday, June 3, including earnings results from discount retailer Dollar General (DG), CrowdStrike (CRWD), and Hewlett Packard Enterprise (HPE); the latest Job Openings and Labor Turnover Survey (JOLTS) results from the US Bureau of Labor Statistics (BLS); and the latest commentary from Federal Reserve officials. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Yahoo Finance Video 23 hours ago

CRWD

SIG

HPE
Heavily shorted AI stock is rapidly climbing the Fortune 500

A shocking tech company is quietly making strong progress.

TheStreet 9 minutes ago

SMCI

NVDA
Wells Fargo Freed From Asset Cap Imposed After Fake-Accounts Scandal

It will once again have the freedom to gather deposits, increase loans to companies and households and grow its Wall Street businesses or even do deals. The removal of the asset cap “marks a pivotal milestone” for Wells Fargo, said Chief Executive Charlie Scharf, who was brought in from BNY to fix the bank in 2019. When Richard Kovacevich took over the bank in the 1998 merger with Norwest, he brought with him a sales strategy that had become the envy of the industry.

The Wall Street Journal 52 minutes ago

WFC
Nvidia (NVDA) Extends $1 Trillion Rally as AI Optimism Grows

Valuation remains below decade average; China risk looms

GuruFocus.com 52 minutes ago

NVDA

MSFT
Wall Street Rises as Nvidia Leads Tech Sector Higher

US equity benchmarks advanced Tuesday as Nvidia (NVDA) helped lift the technology sector, with the D

PREMIUM
MT Newswires 59 minutes ago

NVDA

^GSPC

^DJI
Wells Fargo asset cap lifted, allowing bank to grow

NEW YORK (Reuters) -The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sales practices scandal. "This marks the end of a painful period for Wells Fargo, and also serves as a reminder for financial institutions to be sure customer interests are always aligned with growth goals."

Reuters 1 hour ago

WFC
Nasdaq Leads Indexes Higher, Powered by Tech Gains

Stocks have been bolstered by a strong earnings season and a sense among some investors that President Trump’s trade policies won’t tip the economy into a recession, as many feared a few weeks ago. Pressured by markets, Trump has paused some of his most extreme tariffs. The tech-heavy Nasdaq gained 0.8%, closing in positive territory for the year for the first time since February.

The Wall Street Journal 1 hour ago

NVDA
More Middle- and High-Income Earners Are Turning to Dollar General, CEO Says

Some 60% of Dollar General's core low-income customers feel the need to give up necessities in the year ahead, execs said.

Investopedia 1 hour ago

DG

OLLI
CrowdStrike Stock Slides After Hitting All-Time High as Revenue Forecast Disappoints

CrowdStrike delivered a quarterly outlook that fell short of analysts' expectations, sending shares lower in extended trading Tuesday after the stock closed at a record high.

Investopedia 1 hour ago

CRWD
Stocks to Watch Recap: HPE, Meta, Constellation Energy, Dollar General

↗️ Hewlett Packard Enterprise (HPE): Shares in the server and cloud-software company rose 3% postmarket after it cited improved visibility into market conditions and a stabilizing demand environment. 🔎 Constellation Energy (CEG): Tech giant Meta Platforms (META) will buy the power of a Constellation nuclear plant, under a first-of-its-kind deal.

The Wall Street Journal 1 hour ago

CEG

TSM

TSMWF
Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

OAKVILLE, Ontario, June 03, 2025--Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX/NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following 11 nominees listed in the Company’s management information circular dated April 24, 2025 were elected as directors of AQN pursuant to a vote by ballot:

Business Wire 1 hour ago

AQN
CrowdStrike First-Quarter Earnings Fall, Revenue Meets Street Views

CrowdStrike (CRWD) fiscal first-quarter earnings fell year-on-year while the cybersecurity firm's re

PREMIUM
MT Newswires 1 hour ago

CRWD
Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. "We are a different and far stronger company today because of the work we’ve done,” said Wells Fargo CEO Charlie Scharf in a statement. Scharf also announced that each of the 215,000 employees at Wells Fargo would receive a $2,000 award for turning the bank around.

Associated Press Finance 1 hour ago

WFC
CrowdStrike Swings to Loss as Outage Expenses Persist

The cybersecurity company posted a loss of $110.2 million, compared with a profit of $42.8 million a year earlier.

The Wall Street Journal 1 hour ago

CRWD

Performance Overview

Return	GEOJITFSL.BO	S&P BSE SENSEX (^BSESN)
YTD	-27.40%	+3.33%
1-Year	-13.25%	+5.58%
3-Year	+86.18%	+44.77%

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Related News

Fed loosens the shackles on Wells Fargo nearly a decade after fake accounts scandal

HPE tops Q2 estimates, Q3 revenue forecasts. Stock gets lift.

Nvidia reclaims crown as world's most valuable company as $1 trillion rally continues

Broadcom's all-time high, CVS investment, Robinhood & Bitstamp

Dollar General earnings: Inventory has been a priority amid tariffs

The 'Magnificent 7' are outperforming other stocks again — here's why

Dollar General earnings, job openings, Fedspeak: What to Watch

Heavily shorted AI stock is rapidly climbing the Fortune 500

Wells Fargo Freed From Asset Cap Imposed After Fake-Accounts Scandal

Nvidia (NVDA) Extends $1 Trillion Rally as AI Optimism Grows

Wall Street Rises as Nvidia Leads Tech Sector Higher

Wells Fargo asset cap lifted, allowing bank to grow

Nasdaq Leads Indexes Higher, Powered by Tech Gains

More Middle- and High-Income Earners Are Turning to Dollar General, CEO Says

CrowdStrike Stock Slides After Hitting All-Time High as Revenue Forecast Disappoints

Stocks to Watch Recap: HPE, Meta, Constellation Energy, Dollar General

Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

CrowdStrike First-Quarter Earnings Fall, Revenue Meets Street Views

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

CrowdStrike Swings to Loss as Outage Expenses Persist

Performance Overview