[ NEW YORK/LONDON: Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in 2024 if inflation behaved. The yield on benchmark 10-year U.S. Treasury notes hit a near one-month low … Read more
[ Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. … Read more
[ NEW YORK: Wall Street followed world shares to a higher close on Wednesday and the benchmark U.S. Treasury yield dipped to a one-month low after Federal Reserve Chair Jerome Powell reassured investors that while inflation is not quite tamed rate cuts can be expected this year. All three major U.S. stock indexes closed well … Read more
[ TOKYO: Japan‘s benchmark Nikkei index surpassed the 40,000 mark for the first time on Monday following gains on Wall Street.The Nikkei added 0.84 percent, or 334.87 points, to 40,245.69 shortly after the opening bell, while the broader Topix index rose 0.30 percent or 8.07 points to 2,717.49.The dollar stood at 150.04 yen, compared with … Read more
[ Warner Bros. Discovery share price, already in the dumps, has tumbled another 11% this morning after the company’s latest quarterly numbers showed weak linear advertising and a struggling studio. But the clincher for investors may be what it didn’t show — a full-year 2024 forecast. The stock is scraping $8.50 late morning as the … Read more
[ WALL Street’s main indexes ticked lower on Friday after a hotter-than-expected producer prices report pushed back market speculations of imminent interest rate cuts by the U.S. Federal Reserve. A Labor Department report showed U.S. producer prices increased more than expected in January amid strong gains in the costs of services, which could amplify worries … Read more
[ The S&P 500 soared to a record high close for the first time in two years on Friday, marking the start of a bull market since October 2022. The climb was led by a robust rally in chipmakers and tech giants, reflecting investor optimism around artificial intelligence and robust corporate earnings.Chipmakers lead the charge: … Read more
[ Powered by its artificial intelligence assets, Microsoft has leapfrogged Apple to become the most valuable public company. According to Bloomberg, Microsoft’s market value finished the week at $2.88 trillion, compared with Apple’s $2.86 trillion. Over the past year, Microsoft has added about $1 trillion in value, as fascination with generative AI (a major point … Read more
[ SYDNEY/LONDON: Shares and bonds on Friday globally continued to bask in the glow of Wednesday’s Fed meeting, with MSCI’s world share index set for a seventh straight winning week, its longest run in six years, and the benchmark 10-year Treasury yield below 4%. Europe’s broad STOXX 600 benchmark traded at a 23-month high, up … Read more
[ NEW YORK: US stocks ended firmer on Thursday, with the Dow Jones Industrial Average notching its second straight record high close, lifted by optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve.Apple hit an intra-day record high before surrendering some of its gains to close up 0.08%.Tesla … Read more
