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US stocks surge on rate cut hopes ignoring France, South Korea political crises

The Dow finished above 45,000 for the very first time. Most of the gains were from larger tech and AI names like Nvidia and Microsoft.
Published on Dec 05, 2024 08:36 AM IST

US initial jobless claims dropped to lowest since May last week

US jobless applications data have been even more volatile than usual recently as Southeastern states recovered from two hurricanes and Boeing Co. workers ended a weeks-long strike.
Published on Nov 14, 2024 08:06 PM IST

US Dollar hits one-year high amid Donald Trump's economic policies

On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480.
Published on Nov 14, 2024 07:22 AM IST

US inflation stays firm for third month with 0.3 percent core CPI gain

The US central bank will also have to contend with a new set of policies under President-elect Donald Trump, with companies already considering raising prices in anticipation of the higher tariffs he’s promised on imported goods.
Published on Nov 13, 2024 07:57 PM IST

Federal Reserve Chair Jerome Powell reveals whether he will resign if Trump asks

Jerome Powell sees himself as a public servant, but he seems to be preparing for a possible confrontation with Trump, who recently stated that he would not have direct control over Fed decisions, but he should at least be allowed to provide advice.
Published on Nov 08, 2024 10:56 PM IST

Federal Reserve cuts its key interest rate by a quarter-point after Trump's win

Federal Reserve Board Chairman Jerome Powell
Updated on Nov 08, 2024 12:50 AM IST

Dollar slips before Federal Reserve rate cut decision

Powell may be likely to keep his options open however, and reiterate that the U.S. central bank remains data dependent given the uncertainty over how a Trump administration will play out.
Updated on Nov 07, 2024 10:33 PM IST

US worker productivity rises moderately in third quarter; labor costs elevated

Construction workers in Atlanta, Georgia, US, on Wednesday, Nov. 6, 2024.
Published on Nov 07, 2024 08:02 PM IST

US Federal Reserve rate cut plans likely unchanged by Donald Trump victory

Donald Trump has repeatedly accused Powell -- whom he first appointed to run the US central bank -- of working to favor the Democrats, and has suggested he would look to replace him once his term expires in 2026.
Published on Nov 07, 2024 07:37 PM IST

US Stock market: Wall Street ticks higher on Election Day as voters head to poll

US Voters leave after casting their ballots on November 5, 2024 in Whitefield, New Hampshire. Americans cast their ballots today in the presidential race between Donald Trump and Kamala Harris, as well as multiple state elections that will determine the balance of power in Congress.
Published on Nov 05, 2024 09:25 PM IST

Wall Street betting on Kamala Harris win? CNBC's Jim Cramer dissects volatility

FILE - A sign marking Wall Street is shown near Trinity Church in New York's Financial District on Oct. 30, 2024. (AP Photo/Peter Morgan, File)
Published on Nov 05, 2024 07:15 AM IST

GRAPHIC-Take Five: Only one show in town

GRAPHIC-Take Five: Only one show in town
Published on Nov 04, 2024 03:52 PM IST

Fed and Peers will go ahead with rate cuts after this week’s US election

Fed officials try to steer clear of politics, yet they kicked off a rate-cutting cycle heading into the final stretch of an election whose outcome may hinge on how voters feel about the economy.
Updated on Nov 03, 2024 04:12 PM IST

Take Five: Only one show in town

Take Five: Only one show in town
Published on Nov 01, 2024 01:17 PM IST

Gold at record high as Middle east tensions spark haven demand

Gold prices increased as retail sales and jobless claims exceeded expectations, reinforcing the economy's strength and overshadowing typical pressures from higher interest rates.
Published on Oct 18, 2024 09:02 AM IST

US dollar rally pauses as markets assess Fed policy outlook

The U.S. central bank kicked off its easing cycle with an aggressive 50 basis-point (bp) move at its last policy meeting in September but market expectations have shifted to a slower pace of cuts, boosting the dollar.
Published on Oct 15, 2024 08:54 PM IST

US inflation reaches lowest point since February 2021

In the US, Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021.
Published on Oct 10, 2024 06:49 PM IST

Asian markets track Wall St rally on US jobs data

Asian markets track Wall St rally on US jobs data
Published on Oct 07, 2024 01:50 PM IST

US jobs report crushes expectations as employers add 254,000 jobs

US jobs report surpasses expectations, showing signs of a sturdy economy
Published on Oct 04, 2024 11:47 PM IST

Wall Street retreats from records as oil prices leap after Iran attacks Israel

A Wall Street street sign in front of the New York Stock Exchange (NYSE) in New York, US.
Published on Oct 01, 2024 11:58 PM IST

Gold steady near record high. Will yellow metal continue to shine this week?

Economic data later this week could influence monetary policy, while tensions in the Middle East are heightening gold's appeal as a safe haven.
Updated on Sep 23, 2024 08:30 AM IST

US stock market at record high as investors cannot keep calm after Fed rate cut

Television stations broadcast Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US.
Published on Sep 20, 2024 07:55 AM IST

Message in the Fed Reserve rate cut

FILE PHOTO: Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner/File Photo (REUTERS)
Published on Sep 19, 2024 08:46 PM IST

‘Playing politics': Donald Trump, JD Vance react to Fed’s ‘big’ rate cut

Following Jerome Powell's announcement, Kamala Harris reaffirmed her commitment to tackling inflation. Meanwhile, Donald Trump stated that rate cut “shows the economy is very bad, to cut [interest rates] by that much, assuming [the Fed] is not just playing politics.”
Updated on Sep 19, 2024 04:09 PM IST

How US Federal Reserve's rate cut decision impacts policies around the world

Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washingto.
Published on Sep 19, 2024 08:21 AM IST

US Federal Reserve is set to cut rates today; key question is, by how much?

Exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C
Updated on Sep 18, 2024 12:22 PM IST

MORNING BID AMERICAS-Fed hits easing week, China economy weak

MORNING BID AMERICAS-Fed hits easing week, China economy weak
Published on Sep 16, 2024 03:35 PM IST

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX
Published on Sep 16, 2024 10:51 AM IST

Strangely, America’s companies will soon face higher interest rates

PREMIUM
FILE PHOTO: A jogger runs past the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo
Published on Sep 16, 2024 08:00 AM IST

Asia stocks, dollar subdued as market leans toward larger Fed cut

Asia stocks, dollar subdued as market leans toward larger Fed cut
Published on Sep 16, 2024 07:40 AM IST
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