Latest Updates Around The World
U.S. IT hardware stocks fell on Tuesday after Morgan Stanley downgraded the sector, warning of slowing demand as companies rein in spending amid economic uncertainty and rising component costs.The Wall Street brokerage said enterprise technology leaders scaling back their hardware spending plans are exacerbating existing concerns about higher input costs and supply bottlenecks, shifting the […]
Gold prices fell 3% on Friday following a broader market sell-off fueled by hawkish comments from US Federal Reserve officials, dampening hopes for a rate cut in December. Spot gold fell 1.9% to $4,092.72 an ounce as of 2:33 PM ET (1933 GMT), after falling more than 3% earlier in the session. However, precious metals […]
The Federal Reserve is expected to announce its second interest rate cut of the year on Wednesday, despite a lack of clarity about the health of the US economy due to the ongoing government shutdown. The US central bank’s penultimate interest rate meeting of the year comes against the backdrop of a weeks-long standoff between […]
