Wall Street Archives

December 19, 2024 11:46 AM

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers ...

December 5, 2024 9:35 AM

Bitcoin tops $100,000 on optimism over Trump crypto plans

Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. ...

November 8, 2024 11:29 AM

Asian stocks climb on Wall Street’s lead; dollar sags after Fed cut

Asian stocks rose broadly on Friday (November 8), tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming ...

June 6, 2024 11:50 AM

Nvidia overtakes Apple as No. 2 most valuable company

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. Nvidia is preparing to split its stock ten-...

June 3, 2024 11:01 AM

Asia shares rally on promise of rate relief, factory pick up

Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also ...

May 15, 2024 10:49 AM

Indian stocks continue to remain buoyant after recent sell-off

Indian stock indices started off Wednesday's session marginally higher, extending gains for the fourth consecutive session. The upbeat start was fueled by positive overnight cues from US markets. At 9:27 am, the benchmark Sensex was trading at 73,19...

December 1, 2023 6:43 PM

Brokerages raise India’s economic growth forecast after upbeat Q2

India remains the fastest-growing major economy in the July-September 2023 quarter as well. The growth drivers of India’s Quarter 2 GDP growth are a strong industry push induced by private consumption and investment, steady performance of the agric...