Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France

Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France

Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan.  Logan Riely | Getty Images Michael Jordan’s NASCAR team, 23XI Racing, and fellow team Front Row Motorsports filed an antitrust lawsuit against NASCAR … Read more

BSE Sensex: D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets

BSE Sensex: D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets

New Delhi: Investors’ wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market … Read more

Stellantis U.S. auto sales extend free fall in third quarter

Stellantis U.S. auto sales extend free fall in third quarter

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois.  Scott Olson | Getty Images DETROIT — Stellantis U.S. new vehicle sales continued a yearslong freefall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The Transatlantic carmaker reported U.S. sales Wednesday of … Read more

Cerebras: Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market

Cerebras: Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market

Cerebras Systems, a startup competing with industry leader Nvidia for a slice of the lucrative AI chip market, said late on Monday its revenue surged more than threefold in 2023, in a filing to go public in the U.S. Initial public offerings in the U.S. have bounced back in 2024 after a two-year dry spell, … Read more

Eli Lilly to build $4.5 billion research and manufacturing center

Eli Lilly to build .5 billion research and manufacturing center

Eli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines.  The facility, called the Lilly Medicine Foundry, will house development of new manufacturing methods with an eye toward efficiency. It’s a strategy that’s already paying off with Lilly’s obesity and weight loss drugs Mounjaro and Zepbound, … Read more

India now has 19.9% weight in MSCI Emerging Market Index, very close to China’s 24.42 %

India now has 19.9% weight in MSCI Emerging Market Index, very close to China’s 24.42 %

New Delhi [India] October 2 (ANI): India’s weightage in the MSCI Emerging Markets Index has reached 19.9 per cent, very close to China’s weightage which has dropped down to 24.42 per cent from nearly 40 per cent in 2020. India’s weightage has improved significantly in the recent years, it used to have a single digit … Read more

Israel may target Iranian oil refineries in revenge strikes | Israel

Israel may target Iranian oil refineries in revenge strikes | Israel

Israel could target Iranian oil refineries in retaliation for Tuesday night’s attack, in which Tehran launched an estimated 180 ballistic missiles at Tel Aviv and other targets across the country in a dramatic escalation of the conflict between the two countries. The US website Axios has reported that Israeli officials are considering a “significant retaliation” … Read more