US President Joe Biden is expected to make a major announcement regarding his re-election bid. Following a poor debate performance, a failed assassination attempt on Donald Trump, health concerns, and declining poll numbers, senior Democratic leaders are urging him to withdraw from the race.
UK-based Vedanta Resources, the parent company of India's Vedanta, has settled $245.75 million in dues to revive operations at Zambia's Konkola Copper Mines (KCM). This payment is part of a deal to regain control of the mines, which were seized by the Zambian administration in 2019 due to alleged lack of investment in expanding copper production. After a five-year legal battle, Vedanta regained control in November 2023.
There are two parts to what make the stock prices move the way they do. One is the actual performance of business. Second, expectations of the street on how the business will perform. Sometimes expectations go much ahead of the time. The result, a painful period where the readjustment of expectations takes place and during that period even the valuation may come down. and also valuation. Whether the readjustment of expectations is over or not is reflected in the reaction of the street around the time of quarterly results. Читать дальше...