Wall Street‘s tech-heavy Nasdaq slipped to a one-week low on Thursday as fresh worries over Oracle‘s hefty AI spending plans overshadowed optimism over a less hawkish tone from the Federal Reserve. Oracle plunged 14% after its quarterly forecasts fell short of analysts’ estimates and the company raised its annual spending forecasts, reigniting worries that the…
The Federal Reserve’s latest interest rate cut today strengthens the case for two further reductions in 2026, despite the central bank’s deliberately cautious tone, predicts the CEO of one of the world’s largest independent financial advisory organizations. Nigel Green, CEO of deVere Group, says today’s move confirms that US monetary policy has entered an easing…
US Federal Reserve Chair Jerome Powell U.S. central bank interest rate policy is well positioned to wait and watch and respond accordingly to how the economy evolves, in what may be seen as an indication of a pause in rate cut at the upcoming FOMC meeting. “We are well positioned to determine the extent and…
Mumbai: Indian economists and bond-market experts are factoring in a further quarter percentage point reduction in the policy rates, lowering terminal rate expectations in the current cycle of easing after the central bank looked past a sharply retreating rupee to deliver a rate cut Friday. A sharp downward revision in the central bank’s inflation forecast…
Wall Street‘s main indexes climbed on Friday, while futures trading came back to life following a CME Group outage that had temporarily frozen currencies, commodities and equity contracts around the globe. At 9:41 a.m. ET, the Dow Jones Industrial Average rose 79.63 points, or 0.17%, to 47,506.75, the S&P 500 gained 8.44 points, or 0.12%,…
Wall Street stocks slipped early Monday as traders braced for key earnings reports from chip titan Nvidia and major US retailers.After the longest government shutdown in US history, which put various economic data reports on hold, markets are also waiting for backlogged numbers to again start flowing — to gauge the health of the world’s…
Wall Street cruised to record highs on Friday, buoyed by cooler inflation data that strengthened expectations of faster rate cuts by the Federal Reserve, while Intel’s upbeat earnings kept momentum in AI-related stocks alive. A softer-than-expected inflation print for September solidified bets that the Fed will ease rates again next week. Traders brought forward their…
Wall Street‘s main indexes opened flat on Tuesday, as investors assessed a wave of quarterly earnings from corporate majors.At 09:30 a.m., the Dow Jones Industrial Average rose 13.17 points, or 0.03%, to 46,719.75. The S&P 500 gained 2.85 points, or 0.04%, to 6,737.98, while the Nasdaq Composite lost 9.71 points, or 0.04%, to 22,980.83. Source…
Wall Street advanced on Monday as investor concerns over the stability of regional banks eased, turning focus to a wave of corporate earnings and a closely watched inflation report. Earnings season shifts into high gear this week, with Wall Street heavyweights, including Tesla, Ford, GM , Netflix, Procter & Gamble, Coca-Cola , IBM and Intel,…
Washington, Oct 14, 2025 -US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world’s leading economy. “While the unemployment rate remained low through August, payroll gains have slowed sharply, likely in part due to a…