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 …
On Tuesday, the spot level prices of Gold remained stable as the yellow metal was supported by the rising inflationary pressures. This week’s inflation data is expected to influence the US Federal Reserve’s further course of action. This played a major role in stacking the gold up near the previous week’s high. At 0100 hours …
Investors were forecasting a rough patch for Ukrainian, Russian and broader global markets while they proceeded on Tuesday, 22 February 2022, following the escalating pressure from Vladimir Putin, the Russian President. Through a long televised address, Putin considered Ukraine to be an intrinsic portion of Russia’s history and recognised Luhansk and Donetsk (breakaway regions) of …
India’s balancing act in the Ukraine crisis became more difficult today, as Russian President Vladimir Putin approved a military intervention into the neighboring country. Ambassador TS Tirumurti, India’s Permanent Representative to the UN, warned that the situation is in risk of “spiraling into a major catastrophe” during an emergency meeting of the UN Security Council …
As Russia’s financial restrictions have started affecting foreign investors, some of them have started exiting the country. On Tuesday, MSCI, the world’s leading index provider, decided to exclude Russia from its index. The rising concerns of investors are starting to show adverse effects on Russia but other emerging markets like India could benefit from it. …
Last week did not go well for Alphabet Inc – its stock price fell from $ 108.17 on 8th February to $95.01 on 10th February i.e. a fall of around 12% (including a 7% drop on Wednesday, 8th alone). But trouble has been brewing for Google for a few weeks now. Dark clouds appearing on …
SEBI has given a green signal to Deutsche Bank to offer custodial services for silver bullion. The decision was announced on Thursday. In a statement issued by the bank, it has mentioned that the new position will help them strengthen their presence in the commodity market. Commodity trading has a long history in India. In …
