Dollar steadies on ceasefire prospects, PPI eases pressure on FedThe dollar strengthened Friday after President Trump's decision to cancel planned attacks on Iran, suggesting a potential ceasefire deal. T...
US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022American producer prices saw their biggest jump since late 2022. Energy costs soared, impacting inflation significantly. This surge follows...
US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwindsAmerica's jobless claims saw a slight increase last week, yet remain historically low. This comes despite economic challenges linked to the...
ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...
Dollar shaky as investors weigh rate outlook, Middle East worriesU.S. dollar weakened amid new Middle East strikes and rising consumer inflation, causing investor unease about the Federal Reserve's policy...
US Stocks: US markets dips as tech declines, Middle East tensions mountU.S. stock indexes opened lower on Wednesday, continuing a selloff in technology stocks. Renewed U.S.-Iran tensions also weighed on the mar...
FOREX-Dollar steadies following US strikes on Iran and ahead of inflation dataThe dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await...
Fed Interest Rate cut prediction, date: What to expect from US Central Bank officials at Federal Reserve meeting?A number of Fed policymakers have begun to speculate that interest rates may need to rise to ensure that the central bank's key inflation ...
Bitcoin Price Today: BTC fights for $63K as Iran ceasefire hopes, CPI data, and Fed decision loom—will Ethereum, XRP, and Solana surge after critical inflation data?BTC Price Today Prediction News: Bitcoin trades near $63,000 after rebounding from the June 5 low of $59,100, its weakest level since Febru...
Asia tech selloff is a buying opportunity, says Manishi Raychaudhuri; but India has a problem to fix firstAsian markets saw a sharp sell-off in tech stocks this week. Investor Manishi Raychaudhuri views this as a buying chance. India's market fa...
Dollar firms after strong US jobs data, pushes yen through 160 levelThe dollar strengthened significantly, poised for over a 1% weekly gain following robust U.S. employment figures. Nonfarm payrolls exceeded...
US stock market crash explained: Why did Nasdaq plunge 4% to log worst day in over a yearWall Street experienced a sharp decline on Friday, led by the Nasdaq's significant fall, as a robust US jobs report fueled concerns about s...
US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fearsWall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. ...
Fed's Schmid says choice is between patience and rate hikes to tamp down inflationKansas City Fed President Jeffrey Schmid signaled the central bank may need to consider rate hikes as inflation hovers near 3.5%, staying a...
US Stock Market on Thursday: S&P 500, Nasdaq, Dow Jones set for volatile trading. Full list of stocks to watch out todayDow Jones, S&P 500, Nasdaq investors in the U.S. Stock Market will look for Broadcom stocks, Micron Technology, Advanced Micro Devices, Mar...
First goes the Fed dot, then guidance - and then a hike?The Federal Reserve's interest rate forecasts, known as the dot plot, might be removed. This change could signal a shift in policy under th...
Fed's Warsh inherits economy increasingly squeezed by inflationNew Fed Chair Kevin Warsh faces a challenging economy. Rising inflation, fueled by the Iran war's impact on energy and goods, is squeezing ...