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Economist Nouriel Roubini sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500.
Published on Sep 23, 2022 06:47 PM IST
On Wednesday, the central bank will announce its latest decision on rates and is expected to raise its benchmark rate, which influences interest rates throughout the economy, another three-quarters of a percentage point.
Published on Sep 19, 2022 09:07 PM IST
AP | | Posted by Aryan Prakash
The S&P 500 fell 0.3% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average fell 40 points, or 0.1%, to 33,720 and the Nasdaq fell 0.2%.
Published on Aug 15, 2022 08:37 PM IST
Technically, the call is made by a panel of experts looking at monthly indicators of employment, consumer spending, personal income and manufacturing, among others. But with inflation at a four-decade high, many Americans already feel like the country is in a recession.
Published on Aug 02, 2022 10:56 AM IST
Morgan Stanley disclosed on Thursday that it expects to pay a $200 million fine, the same amount JPMorgan Chase & Co. paid as authorities use that settlement as a yardstick for the industry.
Published on Jul 15, 2022 11:18 AM IST
Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year as the Federal Reserve has launched aggressive steps to tighten monetary policy in response to inflation.
Published on May 28, 2022 08:39 AM IST
Wall Street opened stronger on Friday morning before turning sharply negative and adding to deep losses sustained earlier in the week.
Published on May 21, 2022 01:46 AM IST
Amazon plunged 14.1 percent after offering a disappointing forecast as it battles rising costs amid slowing growth compared with earlier in the pandemic. The company reported its first loss since 2015.
Published on Apr 30, 2022 05:50 AM IST
Technology stocks had some of the biggest gains as investors shifted money into sectors that are considered riskier.
Published on Mar 16, 2022 09:41 PM IST
Wall street slide: The market is waiting to hear from Fed policymakers after their latest meeting ends on Wednesday. Some economists have expressed concern that the Fed is already moving too late to combat high inflation.
Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing. During that time its market value has fallen by 63 percent.
Published on Dec 05, 2021 02:54 PM IST
The benchmark index was up 0.3% in the first few minutes of trading Monday. Banks and industrial companies were doing the best, while several big technology companies were falling.
Published on Jun 21, 2021 07:24 PM IST
The Russell 1000 Value Stock Index is down 4% from its June peak, though still up 13.2% this year. Its growth counterpart is up 9.1% year-to-date.
Published on Jun 19, 2021 01:37 AM IST
Reuters | , New York
All eyes are now on the central bank's statement at the end of its two-day policy meeting on Wednesday.
Published on Jun 16, 2021 01:40 AM IST
Already a small group, they saw several high-profile women leave their ranks last year. That means changes in pay for only a few helped skew the overall figures
Published on May 28, 2021 07:01 PM IST
Tokyo led the Asian recovery with the Nikkei up 2.4 percent by the closing bell, despite an escalating coronavirus outbreak just three months before Japan hosts the pandemic-delayed Olympics.
Published on Apr 22, 2021 02:15 PM IST
AFP | | Posted by Harshit Sabarwal
Moderna Inc. and Novavax Inc. shares have run their course in the eyes of some Wall Street investors and are prime candidates for bets that they will fall this year.
Published on Apr 05, 2021 11:56 PM IST
US equities notched their biggest gain in three weeks on Friday and the S&P 500 closed 1.7% higher as the bull market celebrated its first anniversary since hitting pandemic-era lows.
Published on Mar 28, 2021 10:46 PM IST
Wall Street surged in the last half hour of trading, lifting all three indexes more than 1%. The S&P 500 and Dow eked out record closing highs.
Published on Mar 27, 2021 04:24 AM IST
Reuters | , New York
The pause on political action committee contributions, touted by major financial companies like JPMorgan Chase & Co., Goldman Sachs Group Inc. and BlackRock Inc., alarmed lawmakers in both parties at the time, given how much of their campaigns are bankrolled by deep-pocketed corporate donors.
Published on Mar 17, 2021 11:54 AM IST
The slower rollouts of the coronavirus vaccine in Asia, compared to the US and Europe, continues to put investors in the region in a cautionary mode, although South Korea, Taiwan, Japan and other nations have had fewer deaths.
Published on Mar 16, 2021 02:45 PM IST
AP | , Tokyo
Gary Gensler, whom the White House has tapped to head the Securities and Exchange Commission, and Rohit Chopra, the administration’s choice to lead the Consumer Financial Protection Bureau, are likely to win confirmation, lawmakers and financial executives say.
Published on Mar 01, 2021 11:15 PM IST
Bloomberg | | Posted by Harshit Sabarwal
The S&P 500 added 2.1% as of 10:40 a.m. Eastern. More than 95% of the stocks in the index were higher, led by energy companies and airlines. The Dow Jones Industrial Average was up 2.2% and the Nasdaq Composite rose 2.1%.
Published on Mar 01, 2021 09:40 PM IST
Employment figures demonstrate the mountains that still have to be moved to achieve parity between men and women in the financial services sector.
Published on Feb 28, 2021 08:37 AM IST
AFP | , New York
Reddit forum WallStreetBets is hard for humans to follow at the best of times. But spare a thought for the machines.
Updated on Feb 22, 2021 08:22 PM IST
Forbes magazine had reported on Wednesday that investors were valuing Stripe at a $115 billion valuation in secondary-market transactions.
Published on Feb 21, 2021 11:51 AM IST
London and Frankfurt rose in early trading while Shanghai, Hong Kong and Seoul closed higher.
Published on Feb 19, 2021 03:29 PM IST
AP | , Beijing
Disclosure forms for the House Financial Services Committee’s 54 members show that 83%, or 45 lawmakers, have some exposure to the market in mutual funds, retirement accounts, or direct ownership of individual stocks.
Published on Feb 18, 2021 01:01 PM IST
The virtual hearing will offer lawmakers their first chance to grill executives involved in the recent stock-market frenzy.
Published on Feb 18, 2021 05:54 AM IST
The Giulianis hold stakes worth about $3 billion in Royalty Pharma Plc, a New York-based firm that buys pharmaceutical royalties from academic institutions, research hospitals and drugmakers such as Pfizer Inc.
Updated on Feb 17, 2021 03:02 PM IST