The US Fed meeting is all set to begin on Tuesday, and investors are certain that the central bank will keep the federal funds rate unchanged in the 4.25% to 4.5% range.The market confidence is coming from the understanding that the Fed is taking its time amid a murky economic…
President Donald Trump said Tuesday that India could be subject to tariffs ranging between 20% and 25% as the US moves toward imposing reciprocal levies on trading partners who have yet to reach new trade agreements. The president’s remarks, made aboard Air Force One following a visit to Scotland, come…
Three vessels chartered by India’s Nayara Energy have sought to terminate their contracts, pressured by EU sanctions imposed on the Russian-owned refiner, according to a Reuters report on Wednesday. Nayara Energy, a significant player in India’s energy sector, is majority-owned by Russian entities, notably including the oil major Rosneft. The company operates…
For two years, the American consumer has carried the economy. Even with interest rates at their highest level in two decades, spending kept climbing, job losses never came, and talk of recession faded.But the latest data and company earnings are clear: the engine is no longer revving.Although consumers are still…
Advanced Micro Devices Inc (NASDAQ: AMD) has already rallied nearly 30% since early April but Rober Schein – the chief investment officer of Blanke Schein Wealth Management believes the AI stock is not done pleasing its shareholders just yet.In a CNBC interview this morning, Schein dubbed AMD stock a “top…
Mizuho’s senior analyst Dan Dolev disagrees with the popular narrative that stablecoins pose a disruptive threat to legacy payment giants like Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA).In an interview with CNBC last week, Dolev agreed that the crypto ecosystem continues to attract attention from investors and technologists…
President Donald Trump said Tuesday that India could be subject to tariffs ranging between 20% and 25% as the US moves toward imposing reciprocal levies on trading partners who have yet to reach new trade agreements. The president’s remarks, made aboard Air Force One following a visit to Scotland, come…
Union Pacific Corp (NYSE: UNP) announced a blockbuster merger that values each share of peer Norfolk Southern Corp (NYSE: NSC) at $320 – huge premium on its previous close – on Tuesday.Still, NSC shares ended lower today reflecting investors remain cautious on the first mega railroad consolidation since 1999.Despite headline…
Asian stock markets began Wednesday’s session with a modest and cautious advance, as investors held their breath ahead of a crucial policy announcement from the US Federal Reserve. The market mood was also shaped by the conclusion of trade talks between the US and China, which ended without any substantive…
Indian equity benchmarks, the Sensex and Nifty, are poised for a subdued start to Wednesday’s trading session, as a confluence of global and domestic factors fosters a sense of rising caution among investors. The market is contending with the impending US Federal Reserve policy decision, the continued delay in a…