Latest Updates Around The World
The Indian rupee ended little changed on Thursday as pressure was fueled by outflows linked to corporate debt repayments and routine hedging demand from importers was limited by periodic selling of dollars by state-owned banks.The rupee closed at 89.3050 against the US dollar, down marginally from the close of 89.27 in the previous session. The […]
Topline The number of Americans filing for unemployment benefits fell more than expected last week to a seven-month low, the Labor Department said, as concerns about a struggling labor market persist. Recent economic data and analysts have warned of a cooling labor market in recent months. MediaNews Group via Getty Images Key facts There were […]
Stocks on Wall Street rose early Wednesday, continuing an upward move in a holiday-shortened week, as markets hope for another Federal Reserve rate cut next month.The Fed, which has cut rates at its past two meetings, will release its “beige book” later Wednesday detailing economic conditions in the United States. The last two interest rate […]
Trump’s criticism of the Fed has received support from other allies Federal Agency for Housing Financing Director Bill Pulte has called for Powell’s resignation. Powell, meanwhile, has maintained a cautious approach through 2025, citing uncertainty over government-imposed rates. The Fed cut its key interest rate by 25 basis points in September and October. Economists expect […]
The S&P 500 and Nasdaq fell on Thursday as Nvidia shares tumbled on concerns about intensifying competition in AI chips, while investors digested mixed economic data slowed by the US government shutdown.Alphabet shares rose 2.7% after information reported that Facebook parent Meta Platforms was in talks to use Google’s AI chips in its data centers […]
Wall Street stocks rose in early trading Monday to open a shortened holiday week that includes several key U.S. economic data.Gains extended Friday’s rebound on increased optimism that the U.S. Federal Reserve could cut interest rates next month.The Dow Jones rose 119.52 points to 46,364.93 (0.26%), the S&P 500 rose 65.78 points to 6,668.77 (1.00%) […]
Gold and silver prices opened lower on Monday as a strong dollar weighed on sentiment. Gold futures prices for December at MCX opened at Rs 1,22,882/10 gram, lower by Rs 1,309 or 1.05%, while silver December contracts traded lower by Rs 850 or 0.55% at Rs 1,53,300/kg.Internationally, gold prices also fell on Monday, pressured by […]
NEW YORK: US stocks ended sharply higher on Friday as traders increased their bets on a Federal Reserve rate cut next month, while all three major indexes posted losses this week on concerns about high technology valuations. Nvidia shares rose briefly in afternoon trading after sources familiar with the matter said the Trump administration is […]
At least something was made of a wooden nickel (Photo by H. Armstrong Roberts/ClassicStock/Getty Images) Getty Wait, they already did that. Or rather, the existence of the nickel means that they have already eliminated something else, something better. During the Civil War they abolished the half dime, which was actually called “half-dism” (!). Silver became […]
Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold “for a while” while the central bank assesses how much of a drag the current level of borrowing costs is putting on the economy, with rising stock prices one reason to think it won’t be much.In her remarks in […]
