Sunil Sahil
When it comes to the US dollar, most Americans are mainly concerned about the amount in their wallet or the conversion rate before embarking on a foreign vacation. However, the US dollar plays a significant role in the global economy. Oil, for example, is priced in USD. In her new book Paper Soldiers, Bloomberg News … Read more
A renewed round of risk-taking propelled the S&P 500 to its 20th record this year, aided by advances in industrials and banks. Not even losses in two megacaps — Apple Inc. and Alphabet Inc. — slowed market momentum. The Nasdaq 100 also reached an all-time high, boosted by Micron Technology Inc.’s forecast. Reddit Inc. skyrocketed … Read more
Euro Stoxx 50 futures rose 1.2%, indicating that the underlying index might reach its highest level since 2000. MSCI’s global share index set an intra-day record, while Asian markets rose to a level last seen in April 2022. Contracts for US stocks also climbed. The changes in Asia were fueled by advances in IT businesses … Read more
If you’re a potential homeowner or real estate investor worried about rising interest rates and tired of hearing bad news, you might want to stop reading now. That’s because Joao Gomes, a finance professor at the University of Pennsylvania’s Wharton School, says America’s $34 trillion debt might create a catastrophe that sends interest rates soaring … Read more
Intel (INTC) CEO Pat Gelsinger has spent the last three years pressing Washington to make billions accessible to American chipmakers, and his efforts paid off on Wednesday with the announcement of up to $8.5 billion in US awards in the coming years. It “will be the single biggest announcement of a grant to any chips … Read more
Brent fell to over $86 per barrel after reaching its highest since late October. According to sources familiar with the numbers, the American Petroleum Institute said that US oil stockpiles declined by 1.5 million barrels. Petrol inventories were also observed declining, with official figures expected later Wednesday. The US central bank is anticipated to keep … Read more
US equities were divided in cautious trading on Wednesday, as investors waited to see if the Federal Reserve had changed its mind on how many interest-rate cuts may come this year. The S&P 500 (^GSPC) opened flat after reaching a new all-time closing high. The Dow Jones Industrial Average (^DJI) dipped 0.2%, while the tech-heavy … Read more
US stock futures fell on Monday, halting a record-setting rise as investors braced for a week in which Federal Reserve Chair Jerome Powell’s speech and the monthly employment report might put market gains to the test. The S&P 500 (^GSPC) futures fell roughly 0.1% on Friday, following its 16th weekly victory in 18 weeks. Futures … Read more
The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) had their best February in almost a decade as investors absorbed a significant inflation figure. On Thursday, the Nasdaq Composite finished up 0.9% at 16,091.92, its highest closing price on record. This is the Nasdaq’s first record closing since November 2021. The S&P 500 rose 0.5% on … Read more
US markets finished neutral on Tuesday following a fall from all-time highs, with retail results expected to keep investors busy as they await a key inflation data. The Dow Jones Industrial Average (^DJI) fell by less than 0.3%, while the S&P 500 (^GSPC) gained 0.2% in late trade. The Nasdaq Composite (^IXIC) topped the major … Read more
