The Indian stock market continues to trade in the red for the fifth consecutive day, following yesterday’s rise in US bond yields. The S&P BSE Metal index gained over 200 points as China decided to adjust its budget to stimulate the economy. China has committed to borrowing 1 trillion Yuan or Rs. 11,500,000 crores through …
In the ever-connected world of finance, global events often send ripples across markets. One such event that consistently captures the attention of Indian investors is the surge in US bond yields. But why does this seemingly distant development send shockwaves through the Indian financial landscape? The Bond Yield Surge Before we delve into the concerns, …
These industry leaders are not just manufacturers of arms and equipment but key players in shaping international security landscapes. Join us on a journey to explore five of the most influential defence companies worldwide, their innovations, and their enduring impact on the world’s safety and stability. COMPANY DEFENCE FOCUS LOCKHEED MARTIN (NYSE: LMT) Aviation, space, …
The Federal Open Market Committee (FOMC) decided to hold its key interest rate at 5.25 – 5.5% in September in a unanimous decision, according to its statement on Wednesday. This decision followed a 25-basis point rate increase in July, bringing the benchmark rate to its highest level in 22 years. The potential impact of more …
On Wednesday, the US dollar went up to its highest point in the past six months, even though it had previously been losing value. This happened because recent data from the US showed that businesses providing services, like restaurants and shops, did surprisingly well last month. More people ordered services, and businesses had to charge …
Renowned investor Michael Burry, famous for his accurate prediction of the 2008 housing crash, is once again making headlines with his bearish outlook on the market. Recent securities filings have revealed that Burry’s company, Scion Asset Management, has purchased significant put options against the S&P 500 and the Nasdaq 100 indexes. The put options, valued …
Fitch, one of the major independent rating agencies, took the unexpected step of downgrading the US government’s credit rating from AAA to AA+, drawing a strong reaction from the White House and surprising investors. This move occurred despite the resolution of the debt ceiling crisis two months prior. Fitch justified its decision by pointing to …
Meta officially unveiled a new app called Threads on Wednesday, aiming to provide a platform for real-time online conversations, which has long been Twitter’s primary selling point. Facebook has made various attempts to rival Twitter over the years, even going so far as to replicate key Twitter features such as hashtags and trending topics. However, …
Apple Inc achieved a significant milestone of becoming the first company to surpass a market capitalization of USD 3 trillion, highlighting the significant dominance of major technology companies in the equity markets. On June 30, Apple’s stock rose by 2.3%, contributing to a remarkable rally that has increased its market value by over USD 983 …
In 2023 US stocks have experienced gains driven by stronger-than-anticipated earnings and a recent surge in the technology sector. Despite concerns of a potential recession due to the Federal Reserve’s aggressive interest rate hikes, the S&P 500 defied expectations and technically entered into a Bull market this month. The S&P 500 Index is a widely …
