The USD/INR exchange rate rose to a record high of 84.60 as concerns about the Indian economy remained. It was trading at 85.54, up by almost 2% from its lowest point in January this year. It has risen in the past four consecutive days even as the US dollar index…
The Nifty 50 index remained on edge this week as investors reacted to the ongoing weakness of the Indian economy. It retreated to ₹24,130, down by 8.20% from its highest level this year as most companies dropped. India’s GDP is contracting The Nifty 50 index has remained on edge in…
Honda Motor stock price has remained under pressure this year as it moved into a deep bear market. It has dropped by over 30% and was trading at ¥1,300, its lowest level since August 5. This performance makes it one of the worst-performing stocks in the Nikkei 225 index. Honda…
The Blackrock stock price has done well this year as it jumped by 75% from its lowest level in January. It recently jumped to a record high of $1,067, pushing its market cap to over $158 billion. Blackrock is going through big changes This year is turning into Blackrock’s biggest…
Adobe stock price has been a top laggard this year as the company became a top laggard in the artificial intelligence (AI) industry. The ADBE share price was trading at $520 after falling by 13% this year. It has retreated by over 26% from its highest level in 2021, while…
The Schwab US Dividend ETF (SCHD) stock price has done well this year and is hovering near its all-time high of $29.70. It has jumped by 16.5%, a notable performance for a fund that has no exposure to the fast-growing technology sector. Top Schwab US Dividend ETF stocks are doing…
The JPMorgan Equity Premium Income ETF (JEPI) stock is firing on all cylinders this year, helped by the strong performance of American equities. Its total return has been 17.7%, lower than that of the S&P 500 index, which has risen by 26%, and the Schwab US Dividend Equity’s (SCHD) 19%.…
US shoppers spent a record $10.8 billion online this Black Friday, marking a 10.2% year-over-year increase, according to Adobe Analytics. As the official kickoff to the holiday shopping season, Black Friday showcased the growing dominance of e-commerce, with consumers flocking to mobile devices and desktops to snag deals on everything…
Adani Group founder Gautam Adani broke his silence on Saturday regarding allegations by US authorities linking him and his conglomerate to a $265 million bribery scheme. Addressing the claims for the first time during a live-streamed speech at an awards ceremony in Jaipur, Adani emphasized his group’s commitment to world-class…
Dollar General stock price has suffered a major implosion in the past two years, making it one of the worst-performing companies in Wall Street. GD has crashed by almost 70% from its highest time in 2022, lowering its market cap from over $62 billion to about $17 billion. Rotation to…