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2 mins read

PM Modi congratulates RBI Governor Das on A+ rating in Global Finance Report

Prime Minister Narendra Modi, on Wednesday, congratulated Reserve Bank of India's (RBI) Governor, S…

ANI   


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1 min read

Bitcoin is surging on hopes rate cuts will drive a speculative rush

Bitcoin jumped as much as 6.4% on Tuesday as hopes for a large Fed rate cut enticed crypto investor…

Filip De Mott   


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3 mins read

It'll be a while before you feel today's interest-rate cuts

The Federal Reserve finally cut interest rates, but it could take time to see the relief reflected …

Ayelet Sheffey,Madison Hoff   


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1 min read

The inflation report dashes hopes of a jumbo rate cut next week

Interest rate cuts are probably coming this month, and August inflation numbers are the last big pi…

Madison Hoff   


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2 mins read

Fed trims interest rates by 50 basis points, gold prices touch record-high

Per chairman Jerome Powell, the decision was taken in light of easing inflationary pressures in the…

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2 mins read

Even with a big rate cut, Big Tech will be cautious about another hiring spree

Businesses had to make difficult decisions to downsize after the pandemic – and "those battle wound…

Geoff Weiss   


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2 mins read

Nvidia just recorded the biggest single-day wipeout by a US company

Nvidia stock fell 9.5%, shedding $278.9 billion in valuation. The loss is tied to concerns that inc…

Shubhangi Goel   


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Fed meeting starts today, rate cut on the cards. Here’s what experts are saying

The US Federal Reserve's meeting, starting today, is expected to announce changes in interest rates…

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A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades

The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, w…

Kelly Cloonan   


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'Home run' continues, FY25 to be another strong year after a robust demand in FY24: report

The outlook for residential real estate will be strong in the financial year (FY25), as the domesti…

ANI   


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The more markets price in a jumbo rate cut, the more likely the Fed is to deliver, analyst says

If the market prices in upwards of an 80% chance of a 50 basis point cut, the Fed will likely follo…

Kelly Cloonan   


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The unemployment rate slid as expected in August after a surprise increase the prior month

August's jobs report is a critical signal of the chances of a coming recession.

Madison Hoff   


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3 mins read

DPIIT's withdrawal of a copyright rule order to strengthen rights owners' position: Experts

The DPIIT'S withdrawal of the September 2016 office memorandum regarding extending the scope of a c…

PTI   


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2 mins read

A big rate cut this month would create a 'self-fulfilling prophecy' of recession fears, economist says

If the Federal Reserve cuts interest rates by 50 basis points, it could spark unwarranted recession…

Kelly Cloonan   


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Get ready for stocks to embark on a weekslong rally after the Fed cuts rates, Fundstrat's Tom Lee says

Traders see a 61% chance the Fed will cut rates 50 basis points at its upcoming policy meeting, per…

Jennifer Sor   


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3 mins read

SBI report dismisses bank deposit concerns as a 'Statistical Myth'

As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and …

ANI   


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3 mins read

RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty

T​​​​he US Federal Reserve's first cut in interest rates in more than four years happened today, tr…

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2 mins read

RBI unlikely to cut interest rate in 2024: SBI chief Setty

"On the rate front, a lot of central banks are taking independent calls. While Fed rate cut wou…

PTI   


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2 mins read

In the long run, rate cut by Fed will be favourable for most US banks: Moody's

"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …

ANI   


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4 mins read

With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?

Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…