The Indian stock markets created a record of sorts when the T+0 settlement cycle was launched around eight months back as it became the only leading market globally with such a short settlement mechanism in the markets. While the launch was a milestone event, the optional shorter settlement cycle has seen a subdued response from the market and there is hardly any traction.
Open FlipKohl's shares are falling in premarket trading after the department store chain said that CEO Tom Kingsbury is stepping down after less than two years running the struggling retailer. Kingsbury will leave his post on Jan. 15 and be replaced by Ashley Buchanan, CEO of The Michaels Companies. Kohl's has been struggling with falling sales and its shares are down by almost a third this year.
Open FlipTreasury Building Stocks climbed while Treasury yields fell Monday as investors cheered Donald Trump’s pick of Scott Bessent for U.S. Treasury Secretary, betting the hedge fund manager will bring a Wall Street perspective to the role. By midday trading, the Dow Jones Industrial Average had notched an all-time high and the iShares 20+ Year Treasury Bond ETF (TLT) was up 2%
Open Flip