The American challenge for Indian IT industry continued over the weekend. American challenges are nothing new for the Indian IT industry. For the last 5 years, Indian IT industry has been facing up to challenges like the slowdown in BFSI segment, weakness in telecom & hydrocarbon verticals, negative growth in tech spending, shift to digital …
Overview The NASDAQ dropped more than 2% on Tuesday, as investors sought refuge in more protective sections of the market after sharp declines in mega cap growth stocks sent Wall Street below record trading levels. Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc, and Facebook Inc all saw their stock prices drop between 2.3 percent …
Wall Street registered a slight fall on Wednesday after the Federal Reserve announced their benchmark rates would be raised twice by late 2023. Federal Reserve, however, had previously predicted no interest rate hike before 2024. Most Asian stock markets followed Wall Street and registered a fall on Thursday. Impact on Wall Street Such an indication …
Recent Asian Equities Surge Most Asian markets rose on Monday, extending a surge that pushed global shares to new highs after a US report showed the economic recovery was still intact but didn’t necessitate a withdrawal of the Federal Reserve stimulus just yet. The Nikkei, on the other hand, bucked the trend, dropping 0.5 percent …
