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Jane Street Had a Secret Strategy. India Says It's Manipulation

Jane Street Had a Secret Strategy. India Says It's Manipulation

Bloomberg04-07-2025
Hi, I'm Menaka Doshi, welcome to this special India Edition.
India's market regulator has taken action against a top Wall Street firm that will have wide implications for its markets. I write about that here.
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TRUNNANO High Purity Chromium Oxide Powder: Injecting New Momentum Into High-end Manufacturing
TRUNNANO High Purity Chromium Oxide Powder: Injecting New Momentum Into High-end Manufacturing

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TRUNNANO High Purity Chromium Oxide Powder: Injecting New Momentum Into High-end Manufacturing

LUOYANG, China, Aug. 11, 2025 (GLOBE NEWSWIRE) -- TRUNNANO, a global leader in advanced nanomaterials and specialty chemicals, has launched its latest innovation: High-Purity Chromium Oxide Powder (Cr₂O₃). This ultra-refined material is engineered to deliver superior thermal stability, corrosion resistance, and catalytic performance, making it ideal for applications in aerospace, coatings, ceramics, and energy Chromium Oxide Powder A Milestone in Material Science: Overcoming Purity and Stability Challenges The development of TRUNNANO's High-Purity Chromium Oxide Powder marks a significant leap in nanotechnology. Developing high-purity chromium oxide powder presented significant scientific and technical hurdles. Traditional production methods often introduced impurities, leading to inconsistent performance in critical applications. TRUNNANO's research team embarked on an extensive development journey, combining advanced purification techniques and precision-controlled synthesis to eliminate contaminants while maintaining structural integrity. One of the key challenges was achieving nanoscale uniformity without compromising thermal stability. Through rigorous experimentation, TRUNNANO's scientists optimized a proprietary gas-phase synthesis process, ensuring >99.9% purity with minimal particle agglomeration. Overcoming challenges in minimizing impurities and optimizing crystallinity, the final product sets a new benchmark for performance in high-temperature and corrosive environments. This breakthrough allows the powder to maintain exceptional performance even under extreme temperatures and corrosive environments—a critical advantage for aerospace, semiconductor, and advanced coating industries. Product Name ChromeOxide Green EINECS No. 215-160-9 CAS No. 1308-38-9 Molecular Formula Cr2O3 Appearance Bright green to dark green Standard TRCr2O3-G TRCr2O3-D TRCr2O3-M Cr2O3 >99% >99% >99.9% Fe2O3 ≤0.2% ≤0.2% ≤0.2% SiO2 ≤0.2% ≤0.2% ≤0.2% Moisture ≤0.2% ≤0.2% ≤0.2% Water soluble ≤0.3% ≤0.3% ≤0.3% Sieve residue(45um) ≤0.5% ≤0.5% ≤0.2% D50 (um) 0.5-1; 1.2-2 2-8 2um Bulk density (g/cm3) 0.6-0.8 1.2-1.5 0.4-0.65 Hexavalentchromium Minimum up to 0-5ppm, or customize as requirement Technical Parameter of TRUNNANO Cr2O3 Powder CAS 1308-38-9 CEO's Vision: Redefining Industrial Standards Roger Luo, CEO of TRUNNANO, highlighted the transformative potential of this innovation: "Our High-Purity Chromium Oxide Powder is not just a material—it's a catalyst for next-generation industrial advancements. Whether it's extending the lifespan of equipment components or improving the efficiency of catalytic converters, this product embodies TRUNNANO's commitment to pushing the boundaries of material science." TRUNNANO Chromium Oxide Tablets About TRUNNANO TRUNNANO is a high-tech enterprise focusing on the research, development and production of nanomaterials and specialty chemicals, headquartered in Luoyang City, Henan Province. The company has a R&D team composed of multiple PhDs and senior engineers with strong independent R&D capabilities and rich industry experience. Over the years, TRUNNANO has been committed to providing customers with high-quality, high-performance chemical solutions and has won the trust and support of our customers. For more information on TRUNNANO's High-Purity Chromium Oxide Powder (Cr₂O₃) and its applications, visit our website at High Purity Cr2O3 Powder CAS 1308-38-9 Chrome Oxide Green, 99% | TRUNNANO or contact our team at sales8@ Media Contact: Roger LuoEmail: nanotrun@ / sales8@ 0086 18837956556 Photos accompanying this announcement are available at:

Are Wall Street Analysts Bullish on Citizens Financial Group Stock?
Are Wall Street Analysts Bullish on Citizens Financial Group Stock?

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Are Wall Street Analysts Bullish on Citizens Financial Group Stock?

Citizens Financial Group, Inc. (CFG) is a Rhode Island–based bank holding company that provides retail and commercial banking, mortgage, and wealth management services. With a market cap of $20.4 billion, it primarily serves customers across the Northeast, Midwest, and Mid-Atlantic regions of the United States. CFG shares have climbed 18.9% over the past year and 8% in 2025, slightly trailing the broader S&P 500 Index's ($SPX) 20.1% rise over the past year and 8.6% surge on a YTD basis. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! On a closer look, the bank has also lagged behind the Financial Select Sector SPDR Fund's (XLF) 22.8% return over the past 52 weeks and 7.3% gain in 2025. Citizens Financial released its Q2 2025 earnings on Jul. 17, and its shares rose 3.9%. It posted an EPS of $0.92 per share, beating estimates of $0.88. Revenue was $2.03 billion, also surpassing the forecast, driven by higher net interest income and loan growth. For the fiscal year ending in December 2025, analysts expect CFG's EPS to grow 17.6% year-over-year to $3.81. The company's earnings surprise history is robust. It beat or met the consensus estimates in each of the last four quarters. Among the 22 analysts covering the stock, the consensus rating is a 'Strong Buy.' That's based on 15 'Strong Buy' ratings, two 'Moderate Buy,' and five 'Holds.' The consensus is more bullish than a month ago, when the stock had 13 'Strong Buy' suggestions. On Aug. 1, JPMorgan Chase & Co. (JPM) upgraded Citizens Financial Group from "Neutral" to "Overweight" and raised its price target from $48.50 to $52, signaling a positive outlook. CFG's mean price target of $54.62 represents a 15.5% premium over current market prices. Its Street-high target of $65 implies an upswing of 37.5%. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

Stock market today: Dow, S&P 500, Nasdaq futures steady with Wall Street looking for more records
Stock market today: Dow, S&P 500, Nasdaq futures steady with Wall Street looking for more records

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Stock market today: Dow, S&P 500, Nasdaq futures steady with Wall Street looking for more records

Stock futures were steady on Monday, with Wall Street aiming for more record highs. Traders this week are eyeing a key inflation reading, the upcoming summit between President Trump and Russian President Putin, and an unusual sales arrangement between Nvidia (NVDA), AMD (AMD), and the US government. Dow Jones Industrial Average futures (YM=F) rose 0.3%. Futures tied to the S&P 500 (ES=F) crept up 0.1%, while those on the tech-heavy Nasdaq (NQ=F) hovered around the flatline. Wall Street is coming off a week that saw the Nasdaq Composite (^IXIC) notch two consecutive records at its end. The S&P 500 (^GSPC), meanwhile, just missed a record close on Friday. Tech stocks overperformed as Apple (AAPL) posted its best week since 2020 on the heels of its White House spotlight with President Trump. Nvidia (NVDA) also closed Friday at a fresh record amid signals from Trump that Big Tech companies could avoid looming chip tariffs. But in another tariff-related twist, reports Sunday said Nvidia and AMD have agreed to give the US government 15% of the money they make from selling certain computer chips to China. Nvidia shares fell 0.7% before the bell on Monday, while AMD shares lost over 1%. Read more: The latest on Trump's tariffs Trump has claimed that his tariffs are having a "huge positive impact on the stock market," though Wall Street is still navigating the twists and turns in his trade policy. His sweeping duties on dozens of trade partners went into effect last week. Now, investors are turning their attention to his previewed sectoral duties on semiconductor and pharmaceutical imports, as well as a looming Tuesday deadline to extend a tariff pause with China. Wall Street will get another glimpse this week into how those tariffs are affecting price pressures in the US. The Consumer Price Index is set for release on Tuesday, followed by the Producer Price Index on Thursday and retail sales data on Friday. Inflation reaccelerated in June, and economists have warned that the tariffs will likely continue to seep into price data in the coming months. Meanwhile, gold futures (GC=F) fell in New York on Monday as traders waited for clarification from the White House over its tariff policy, after a US government agency ruled that 100-ounce and one-kilogram bullion bars would be subject to tariffs. Read more: Live coverage of earnings season AMC tops revenue estimates as blockbuster titles boost theater attendance AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. Nvidia, AMD stocks decline after chipmakers agree to pay US 15% cut of China chip sales Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Good morning. Here's what's happening today. Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines stock tanks after the company reports earnings stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here US gold futures fall as traders await clarification on tariffs US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. Target still in the bear camp Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Bitcoin near a fresh record Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. crashing Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg. AMC tops revenue estimates as blockbuster titles boost theater attendance AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. AMC (AMC) stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. Reuters reports: Read more here. Nvidia, AMD stocks decline after chipmakers agree to pay US 15% cut of China chip sales Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Shares of Nvidia (NVDA) and AMD (AMD) fell on Monday after the two companies agreed to pay the US government 15% of the revenue for certain chip sales to China. Nvidia stock was off by 0.4% premarket, while AMD stock dropped 1.4% as investors digested the unusual deal in which the chipmakers will essentially pay for export licenses. While the details are still being worked out, the chips in question reportedly include Nvidia's H20 AI chip and AMD's MI308 chips, which previously faced export controls from the Trump administration. Nvidia CEO Jensen Huang made the deal at the White House last Wednesday, the same day Apple (AAPL) agreed to increase its US investment to $600 billion, ostensibly to help the company avoid tariffs, as the Trump administration looks to monetize trade policy. An Nvidia spokesperson told Yahoo Finance: 'We follow rules the U.S. government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race." As for other chip stocks, Intel (INTC) and Qualcomm (QCOM) shares rose, while Taiwan Semiconductor (TSM) fell modestly. Read more here. Good morning. Here's what's happening today. Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines Earnings: (BBAI), (MNDY), Oklo (OKLO), Plug Power (PLUG) Economic calendar: No notable releases. Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia, AMD revenue deal brings 'monetization of US trade policy' Yahoo Finance poll: Americans face new, complex financial challenges Earnings live: stock tanks, AMC to report Debate over Fed rate cuts heats up: What to watch this week Fed's Bowman makes case for 3 interest rate cuts in 2025 Intel CEO to visit White House on Monday Citi strategists raise S&P 500 target on resilient earnings Bitcoin Nears Record as Treasury Investors Boost Crypto Market BofA poll shows record number of investors say stocks overvalued Lithium market soars as CATL shuts one of world's biggest mines stock tanks after the company reports earnings stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. Read more live coverage of corporate earnings here US gold futures fall as traders await clarification on tariffs US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. US gold futures (GC=F) in New York fell 2% as traders waited for the White House to clarify its tariff policy. Last week, the US Customs and Border agency surprised the market by ruling that 100oz and 1kg gold bars would face tariffs. Bloomberg News reports: Read more here. Target still in the bear camp Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Good WSJ story this morning on Target (TGT) and its many challenges, one of them finding its next CEO. I wrote more on this a couple months ago. I would expect an abysmal quarter (another one) from Target when it reports second quarter earnings on August 20. The company is not only dealing with operational challenges, but it has totally lost the value perception battle with Walmart. I don't see these dynamics changing this year, and maybe not until deep into 2026 provided an outside CEO is brought in to run a full assessment of the business. Bitcoin near a fresh record Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. Bitcoin looks to be breaking out of its recent trading range, nearing a fresh record this morning. There doesn't appear to be a clear catalyst for the pop today, though this Sunday X post from bitcoin evangelist Michael Saylor may have stoked the bulls. It suggests he will continue to be a buyer of bitcoin — perhaps no surprise, but the crypto market likes to be coddled. "If you don't stop buying Bitcoin, you won't stop making Money," Saylor wrote. crashing Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg. Shares of (AI) are getting crushed pre-market to the tune of 30%. And the rout is 100% deserved. Late Friday the company said it sees preliminary first fiscal quarter revenue of $70.2 million to $70.4 million, about 33% below the mid-point of its prior guidance for $100 million to $109 million. Sales would be down 19% from the prior year. The adjusted operating loss will be $57.7 million to $59.9 million, roughly twice the $23.5 million to $33.5 million loss that it had expected. I don't think there is anything to read into the AI trade here — this seems very company-specific, and tied to a sales reorg. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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