Wall Street is heading into the close on Wednesday with two things on its mind: the Fed's favorite inflation gauge and Micron Technology. According to Bloomberg, US stocks paused ahead of both, with the inflation data key for interest rates and Micron's report key for the AI trade. Micron reports fiscal fourth-quarter results after the closing bell, and a big move in either direction could ripple into Asian chip stocks when markets open in the morning. The Numbers, Verified Across Sources What Micron guided (SEC filing): For the quarter ending in August, Micron told investors to expect revenue of $50 billion, give or take $1 billion, non-GAAP earnings of $31 per share, give or take $1, and a gross margin of about 86%. What analysts expect (Alphastreet, 33 analysts): Consensus sits at $31.56 per share on $51.20 billion in revenue, slightly above the top half of Micron's own guidance range. Estimates are wide, running from $28.04 to $37.44 per share for earnings and from...
Some IPOs come with a plot twist so strange it almost sounds made up. The National Stock Exchange of India the exchange that hosts nearly every stock trade most Indians have ever made is finally going public itself. And in one of the more ironic moments in Indian capital markets history, its shares won't list on NSE at all. They're listing on the BSE, its long-time rival. Here's what's actually happening, and why it matters even if you've never directly thought about "which exchange" your trades run through. A Decade in the Making NSE first filed IPO papers back in 2016 . The listing was shelved almost immediately after co-location controversy allegations surfaced claims that certain brokers had gotten preferential, faster access to NSE's trading servers between 2015 and 2017, giving them an unfair speed advantage. That controversy took years to work through regulatory and legal channels. Nearly a decade later, SEBI finally issued its approval, NS...