Sunil Sahil
Mid-September inflation in Brazil was in line with expectations; Argentine economic activity has fallen for four months in a row; Latam FX is down 0.5%; and the MSCI Latam equities index is at its lowest level since June (updated at 3:50 p.m. ET/1950 GMT). By Lisa Pauline Mattackal and Amruta Khandekar Reuters, September 26 – … Read more
Runa announced on September 15, 2023, that it had made an all-cash offer to MariaDB’s board of directors (the “Board”) to purchase, along with Runa’s affiliates engaged in investment, 100% of the Company’s issued share capital that was not already held by Runa, at a price of $0.56 per share (the “Possible Offer”). In that … Read more
Due to deteriorating US market conditions and continuous outflows of foreign funds, the Nifty and Sensex indices in the Indian stock market experienced a decline on Wednesday. The Nifty’s closing price of 19,664.70 reflected how these external issues affected the domestic market. In this difficult market environment, a number of significant corporations underperformed. Those that … Read more
Some investors are bracing themselves for more suffering in the future as the Federal Reserve’s hawkish approach drives up Treasury yields and crushes stocks. Equity investors ignored an increase in Treasury rates for the majority of the year as a byproduct of stronger-than-anticipated economic growth, despite concerns that yields could eventually drag down stocks if … Read more
The largest bank in the nation will pay $75 million to settle the case; $55 million will go to charities and programmes that help victims, and the remaining $20 million will cover the legal costs of the company Motley Rice. While there are no admissions of liability in the settlement, JPMorgan said in a statement … Read more
Following news that consumer confidence in the greatest economy in the world dropped to a four-month low, the S&P 500 Index and the Nasdaq 100 both decreased by 1.5%. The Cboe Volatility Index, or VIX, a measure of anxiety on Wall Street, climbed to its highest level since late May. One of the broadest indices … Read more
Early on Tuesday, Wall Street equities declined as investors focused on the possibility that high interest rates may slow economic development. Since the Federal Reserve met last week and hinted that there might be more rate increases in 2023, high borrowing rates have become a rising source of market worry. The United Auto Workers strike … Read more
As Wall Street remained fixated on the rising chance that the Federal Reserve won’t decrease interest rates any time soon, the stock market’s September decline persisted on Tuesday. The Dow Jones Industrial Average (DJI) fell roughly 400 points, or 1.2%, while the S&P 500 (GSPC) fell 1.5%. The heavily tech-focused Nasdaq Composite (IXIC) fell 1.6%. … Read more
