The rally in stocks lost traction Friday, with the market still notching its best week in 2024 amid speculation the Federal Reserve will be able to cut interest rates as soon as June. US equities wavered after a record-breaking run that drove the S&P 500 up about 10% this year. In an almost broad-based weekly … Read more
With the S&P 500 already up 26% from a low point in late October, money is starting to pour into European stocks. Investors should expect that to continue. The S&P 500 has become expensive, while the Stoxx Europe 600 hasn’t. The S&P 500 is now trading at 20.7 times the per-share earnings its component companies … Read more
Time Technoplast has received an approval from the Petroleum and Explosives Safety Organization (PESO) for the manufacturing of High Pressure Type-IV Composite Cylinder, Prototype, for Hydrogen. “The authority has advised us to manufacture first lot of cylinders for its joint testing and inspection. The testing of one per cent lot of cylinders will be completed … Read more
JPMorgan Chase & Co. has set up a dedicated sports investment banking team as Wall Street banks battle for fees in an increasingly competitive corner of the mergers and acquisitions market. The US bank has appointed Eric Menell and Gian Piero Sammartano to co-lead the new sports investment banking coverage group, according to an internal … Read more
Stock Market Today: Dow, S&P Live Updates for March 19 Bloomberg Source link
The Centre has granted its approval to insurance major LIC for a wage revision for its employees, effective August 1, 2022. The pay has been revised upwards by 17 per cent. The US has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may … Read more
Tech giants led gains in stocks at the start of a week that will bring a raft of central-bank decisions from the US to England and Japan. Equities rebounded from a recent pullback, with megacaps outpacing the broader market. Alphabet Inc. jumped as Bloomberg News reported Apple Inc. is in talks to build Google’s Gemini … Read more
Are Oracle and Microsoft rivals or partners when it comes to artificial intelligence? Both, judging by their latest announcements. Oracle ’s recent earnings staked out its claim to be an AI winner as it reported strong demand for its cloud services. That has boosted its stock and helped it get an upgrade to Buy from … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. Tuesday’s core CPI print for February came in hotter than expected, yet the stock market wasn’t bothered. For much of 2023, the S&P 500 moved inversely to expected fed funds rates, with the index selling off while the Federal Reserve was expected … Read more
The world’s biggest bond market sold off after another hot inflation report reinforced bets the Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness. Treasury yields climbed and stocks retreated as the data underscored the Fed’s challenges in achieving its 2% inflation goal. … Read more