Fed Hikes Rate by 0.25% to 16-year High, Omission in Statement Signals Hike Pause
In a Policy Meeting on 3rd May, the Federal Reserve hiked its benchmark borrowing rate by 25 basis points to a 16-year high. The 10th...
Tag : Federal Reserve
India’s Mcap Falls Below $3 Trillion for First Time in 9-Months
India’s market capitalisation fell below $3 trillion for the first time in nine months, mainly due to persistent selling pressure from instability in the US...
Wall Street Ends Volatile Week as Fed Officials Ease Concerns about Banks
US stocks ended higher on Friday, marking the end of a turbulent week, as Federal Reserve officials calmed investor concerns about a potential liquidity crisis...
Loans to Silicon Valley Bank Insiders Tripled to $219 Million Before Collapse
As Silicon Valley Bank deteriorated late last year and regulators began to point out internal flaws in its risk management, the bank opened its credit...
Wall Street Stocks Slid Sharply, Indices Saw Weekly Gains
Wall Street closed lower on Friday after a turbulent week, mainly as dark clouds gathered about an ongoing crisis in the banking sector and a...
Wall Street Closes Sharply Lower in Biggest Weekly Loss of 2023
Wall Street’s main indexes posted their biggest weekly losses since 2023 after sharp losses on Friday. Investors braced for a more aggressive rate hike by...
S&P 500 Closes Lower as Investors Worry About Interest Rates
On Friday, the S&P 500 ended lower, dragged down by Microsoft and Nvidia, as investors worried that inflation and a strong US economy could prompt...
Fidelity Cuts Value of Twitter Stake by 56%
According to the investment firm’s monthly disclosure on Friday, Fidelity funds slashed the value of its Twitter stake by 56% in November, as the social...
BSE MidCap, SmallCap Indices Turn Negative So Far in 2022, 6 Out of 7 Sessions in Red
India’s broader indexes, BSE Midcap and BSE Smallcap have turned negative, with losses in six of seven sessions as global stocks fell. The BSE Midcap...
Sensex Rises More Than 80 Points After Inflation Report Cools
India’s benchmark stock index rose early on Tuesday, reversing modest losses in the previous session, after domestic retail inflation in November fell below the central...