Sunil Sahil
The funds came from two banks he owns, heavily depending on an unforeseen source. According to regulatory records, they took $4.4 billion out of a government programme established during the Great Depression to assist Americans in obtaining mortgages. Beal is only one of many financiers who use the 11 Federal Home Loan Banks in the … Read more
With a more than 1% decline, the S&P 500 had its worst week in a month. Some chartists see its violation of the 200-day moving average as a negative indicator. The VIX, a Wall Street “fear gauge,” reached its highest level since March. Due to major carriers lowering their predictions in response to rising oil … Read more
Wall Street’s major indexes fell on Friday as investors remained cautious due to the Middle East crisis and U.S. Treasury rates remaining close to multi-year highs after Federal Reserve Chair Jerome Powell’s hawkish comments. Israel destroyed a neighbourhood in northern Gaza on Friday and attacked an Orthodox Christian church that served as a shelter for … Read more
Following remarks made by Federal Reserve Chair Jerome Powell, US equities finished Friday’s trading session lower than when they started. The benchmark 10-year Treasury yield was trading at just less than 5%. There was a 0.9% or 270 point down in the Dow Jones Industrial Average (^DJI) and a 1.3% decline in the S&P 500 … Read more
The U.S. earnings season got underway on Thursday with gains in Wall Street’s major stock indexes thanks to Tesla and Netflix, but Treasury rates retreated off session highs ahead of statements from Federal Reserve Chair Jerome Powell. The announcement that Netflix, the streaming service with the most subscribers worldwide, was boosting the cost of certain … Read more
Thursday afternoon saw a decline in stocks as investors processed Federal Reserve Chair Jerome Powell’s speech and Treasury rates continued to rise. The S&P 500 (^GSPC) dropped about 0.9%, the Nasdaq Composite (^IXIC) led the losses with a drop of nearly 1%, and the Dow Jones Industrial Average (^DJI) was down roughly 0.75%. For the … Read more
Thursday afternoon saw a decline in stocks as investors processed Federal Reserve Chair Jerome Powell’s speech and Treasury rates continued to rise. The S&P 500 (^GSPC) dropped about 0.9%, the Nasdaq Composite (^IXIC) led the losses with a drop of nearly 1%, and the Dow Jones Industrial Average (^DJI) was down roughly 0.75%. For the … Read more
