Kaynes Technology shares saw a sharp 20% fall. This followed a disappointing March quarter earnings report and missed revenue forecasts. Analysts have downgraded the stock. Concerns about execution delays and working capital are impacting investor sentiment. The company’s stock had previously surged significantly since its listing.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend