Sat, Nov 23, 2024 3:13 PM
Upcoming IPO: Anya Polytech & Fertilizers gets NSE nod for SME IPO
A Flip by Shubhangi Gupta
Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money market account rates — have started falling.
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The entire 14km Purple Line of Kolkata's metro will be completed by 2028-2029, with tunnel-boring machines arriving in December and being injected in March 2025, according to a metro official. The Defence Ministry has approved the shifting of BC Roy Market, paving the way for the Esplanade station's construction.
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Leerink analyst David Risinger upgraded AbbVie to Outperform from Market Perform with a $206 price target, citing strong execution potential, particularly with Skyrizi in ulcerative colitis, and opportunities for future M&A and positive Phase 2 results from Cerevel assets, despite expected emraclidine write-downs.
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