Category: Latest News
-
Wall Street Highlights: Delta Air Lines, Merck, IBM, Philip Morris and more
Main Subjects of the Day US stock futures gained strength on Thursday after another report pointed to cooling inflation. By 9:54 AM ET (12:54 GMT), Dow Jones futures were up 70 points, or 0.21%. S&P 500 and Nasdaq futures were up 0.36% and 0.56%, respectively. The March producer price index, a measure of prices paid by…
-
Futures Move Higher Following Unexpected Drop In Producer Prices
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s extremely volatile session mostly lower. The futures got a boost following the release of a report from the Labor Department showing an unexpected decrease in U.S. producer…
-
Apple’s Production Shift to India, Decline in Customer Deposits, Investors Reluctant towards Risky Debt
European Equities and Inflation Data European equities rose along with US equity futures on Thursday as investors analyzed inflation data and comments from policymakers to determine the future direction of global central bank rate hikes. The Stoxx Europe 600 Index (STOXX:SSXP) posted a modest gain after a member of the European Central Bank’s Governing Council…
-
Rising Global Government Debt, UK Economy Stagnant in February, Uncertainty Fed’s Next Moves
Rising Global Government Debt The IMF projects that global general government debt, including borrowing by central and local governments and government-owned institutions, will reach 93.3% of global GDP this year and gradually rise to 99.6% by 2028. In 2018, the debt-to-GDP ratio was 82.8%, and it reached a recent peak of 99.7% in 2020. The…
-
U.S. Inflation Eases, Mortgage Rates Fall, Stricter Pollution Limits on Cars
U.S. Inflation Eases In March, U.S. inflation eased to 5% from a year earlier, marking its lowest level in nearly two years. However, underlying price pressures remained elevated despite the Federal Reserve’s efforts to slow rapid price increases. The consumer-price index, a closely watched gauge of inflation, rose less than in February, with a 6%…
-
U.S. Wall Street Inflation Relief, Bitcoin Flows and HODLing, Volvo Group’s Record Results
Wall Street Inflation Relief Wall Street stocks rose and Treasuries rallied on Wednesday as US inflation data came in slightly lower than expected, alleviating pressure on the Federal Reserve to raise interest rates. The benchmark S&P 500 climbed 0.6% in early trade, led by technology and basic material stocks. The Nasdaq Composite, which is heavily…
-
Tamer-Than-Expected Inflation Data May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a notably higher open on Wednesday, with stocks likely to show a strong move to the upside after experiencing choppy trading to start the week. The futures surged following the release of a highly anticipated Labor Department report showing a modest increase in U.S.…
-
UMG Urges AI Music Restrictions, Harita Nickel Valued at $5.5 Billion, De La Rue Revises Forecasts
Smaller Company Shares Gain Shares of smaller companies and those in cyclical industries, such as materials and energy, saw gains in a quiet trading session on Tuesday ahead of the release of U.S. inflation data. The S&P 500 (SPI:SP500) remained nearly unchanged, while the Russell 2000 index climbed 0.8%, marking the second consecutive session of…
-
Renminbi’s Rising Share in Trade, France’s Ties with US Amidst Controversy
Western Countries’ Forces in Ukraine Classified intelligence files leaked online reveal that several Western countries have special forces operating within Ukraine, with Britain reportedly providing the largest contingent of 50 personnel. Another document suggests that the U.S. warned Ukraine about potential troop shortages in recapturing territory seized by Russia. European Aviation’s Net Zero Goal European…
-
BP Acquires Stake in Viking CCS, Rising Interest Rates Impact Rental Market
Mixed Performance for US Stocks US stocks showed mixed performance as investors awaited inflation data that could impact Federal Reserve interest-rate decisions. The Nasdaq 100 (NASDAQI:NDX), heavily influenced by tech stocks, edged lower for the fifth session in the past six, while the S&P 500 (SPI:SP500) fluctuated between gains and losses. The yield on two-year…