Fed buying cuts in 2021
In an online conference replacing the traditional one in Jackson Hole, Fed Chairman Jerome Powell announced the start of asset purchase rate cuts this year.
Major stock market indices, the Dow Jones, S&am...
Progress in the economy
Two Fed officials noted progress in the US economy on Monday, predicting when the central bank will begin cutting bond purchases and raising the benchmark interest rate.
On Monday, US stock indices were affected by...
Home prices records
House prices continue to rise as strong demand is stronger than weak supply.
In America house prices were 16.6% higher than in May last year. This is believed to be the biggest result in the last 30 years of the&n...
Ahead of reports
Stock futures declined in early morning trading on Tuesday on the back of upcoming quarterly earnings reports from several technology companies.
Dow Jones futures were down 205 points, S&P 500 and Nasdaq 100 futures also traded...
Friday trading
US stock indices ended Friday's trading lower on inflation concerns. The second quarter reporting season also remains in the spotlight. This week, major US banks and a number of other companies ...
Large-company stocks
US stock indices rose in trading on Wednesday, with the S&P 500 and Nasdaq Composite reaching record highs at one point in the session.
The Dow Jones Industrial Average index rose 25.00 points (0.07%) to 34602.37 points.
T...
US inflation surge
Fed Chairman Jerome Powell, speaking to a House subcommittee, reiterated that the current spike in US inflation is temporary and due to last year's fall in prices. T...
Interest rate hike
At the end of the meeting, the Fed brought the timing of the interest rate hike closer to 2023 from 2024. The US central bank also raised its forecast for overall inflation to 3.4%. The stock market w...
Nvidia and DeepMap
NVIDIA shares reacted by rising to the purchase of privately held DeepMap, which makes high-definition mapping software that will help improve Nvidia's in-car chips with machine learning technology.
Nvidia (NV...
Corporate tax
The G7 countries on Friday formally approved a global minimum corporate tax rate of 15 per cent. This means that multinational companies like Google, Facebook, Apple and others must pay this minimum tax in ...
Rising stock indices
US stock indices edged slightly higher in trading on Friday, with the S&P 500 hitting a new closing record despite data on accelerating US inflation.
US consumer prices (CPI) jumped 5 per cent in May compared with the same ...
Annual inflation
US inflation data for May showed a jump of 5% year-on-year, the highest since the summer of 2008 and worse than the 4.2% figure in April. That said, some economists be...
G7 agreement
The G7 countries this weekend signed an agreement on a minimum global tax of 15% for large companies. It is expected to affect companies such as Google and Facebook, and make it harder to evade higher taxes through offshore co...
Inflation in the world
The Organisation for Economic Co-operation and Development (OECD), which has 36 member countries including the US, Canada, the UK and Germany, reported a rise in inflation to 3.3% in April, the fastest...
Dividend cut
AT&T shares fell 5.8% on Tuesday, following a 3% fall on Monday, as investors react to the company's announcement of a 40%-43% cut in its dividend payout ratio.
AT&T shares rose initially on Monday before falling in the second ...
Market plunges sharply
Wall Street fears of rising inflation in the US came true when the government reported a 4.2% jump in consumer price growth in April, the worst rate in 12 years. US s...
Dow Jones index hits record high
The Dow Jones on Thursday hit a new record at the close of stock trading for the second day in a row on the back of positive momentum in the US economic recovery.
The Dow Jones rose 318.19 points (0.93 per cent) to ...
United States stock market
US stock exchanges ended trading in the green zone. S&P 500 rose 0.93% to 4173 points, Dow Jones added 0.93% and NASDAQ rose 1.19%. Almost all sectors showed positive dynamics with the exception of utilities (-0.90%) a...
Stock trades
Key New York Stock Exchange indices declined in Tuesday's trading session. The correction followed gains on Monday, with investors waiting for a new batch of corporate reports.
According to data&...
Trading ends in the red
The US S&P 500 index ended negative on Tuesday, following energy and industrial shares as investors awaited the outcome of the United States Federal Reserve (Fed) meeting.
The market showed no unihip may improve its econ...
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