Dow Jones slumps over 300 points as financials weigh; Nasdaq hits record U.S. Treasury yields climbed and the Dow Jones Industrial Average fell on Tuesday after Treasury Secretary Scott Bessent initiated the formal selection process for a new Federal Reserve chair, while June inflation data met expectations but fueled tariff concerns. The Dow slid 313…
Tag: Inflation
US stocks edge higher, Nasdaq hits record as trade fears ease; Bitcoin tops $123,000
Dow Jones add 88 points; CPI, bank earnings in focus U.S. stocks closed modestly higher on Monday, with the Nasdaq Composite sealing a fresh record, as investors looked past renewed global trade tensions toward upcoming inflation data and corporate earnings. The tech-heavy Nasdaq (IXIC) rose 0.27% to 20,640.33, its fourth consecutive all-time high. The S&P…
RBA holds rates at 3.85%, signals cautious approach amid inflation uncertainty
SYDNEY: Australia’s central bank kept its benchmark interest rate steady at 3.85% on Tuesday, resisting pressure for an immediate cut as policymakers seek more evidence that inflation is sustainably easing toward target. The Reserve Bank of Australia’s decision surprised economists, most of whom had forecast a 25-basis-point reduction following softer-than-expected inflation data in May. The RBA…
How interest rate hikes affect corporate earnings: A deep dive into the Fed’s ripple effect
Why corporate America defied the Fed’s rate hikes; And what comes next? When the Federal Reserve adjusts interest rates, the ripple effects extend far beyond mortgage payments and savings accounts—corporate earnings feel the impact, too. With inflation cooling but rates remaining elevated, businesses face a complex financial landscape. Some sectors thrive, while others struggle under…
Stocks soar to record highs despite trade turbulence: What’s next for markets?
“Dow Jones Surges 400 Points as Tech Stocks Rally; Nike Leads Gains” Wall Street shrugged off fresh trade tensions Friday as the S&P 500 and Nasdaq Composite surged to record highs, fueled by optimism over U.S.-China trade progress and expectations of Federal Reserve rate cuts later this year. Markets Hit New Peaks The S&P 500…
U.S. stocks edge higher as Fed holds rates steady; Middle East tensions simmer
Dow Jones, S&P 500, and Nasdaq Post Gains as Fed Holds Rates; Middle East Tensions Linger NEW YORK: Major U.S. stock indices posted modest gains Wednesday as investors digested the Federal Reserve’s decision to hold interest rates steady while monitoring escalating tensions in the Middle East. The Dow Jones Industrial Average rose 0.34%, or 132 points, to close at 42,338.95,…
Fed holds rates steady, signals fewer cuts ahead amid inflation concerns
The Federal Reserve (Fed) held interest rates steady Wednesday, maintaining its target range of 4.25%-4.5% amid concerns over inflation and slowing economic growth. Despite expectations for two rate cuts later in 2025, officials scaled back their projections for reductions in 2026 and 2027, citing uncertainty in their economic outlook. The central bank’s “dot plot” indicated…
UK unemployment hits 4-year high, wage growth holds at 5.3%: Arbuthnot Latham forecasts rate cuts
LONDON: Arbuthnot Latham, the historic British bank founded in 1833, released its latest Treasury Market Commentary on June 13, 2025, highlighting critical developments in global and domestic economies. The report covers rising UK unemployment, wage growth, central bank rate expectations, and geopolitical trade dynamics. Below is a detailed breakdown of the findings. UK Economic Indicators Show Mixed…
What is trade war: causes, consequences, and key players
But what is a trade war? At its core, it’s an economic battle where countries impose tariffs or trade barriers against each other, leading to cycles of retaliation. From higher consumer prices to disrupted supply chains, these conflicts reshape industries, strain diplomatic relations, and even alter the course of global markets. On April 9, 2025,…
THG Plc reports 8.4% decline in total group revenue
LONDON, UK: THG Plc has reported a decline in total group revenue by 8.4% year-over-year (YoY), a move attributed to the company’s decisive action to phase out unprofitable categories. Despite these challenges, the group’s continuing revenue stood at £1.983 billion, a modest decrease of 2.8%, as the focus shifted towards sales and territories with higher…
Pakistan’s central bank raises policy interest rate by 125 basis points to 15%
KARACHI, PAKISTAN: The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) decided to raise the interest rate by 125 basis points to 15 percent. In addition, as foreshadowed in the last monetary policy statement, the interest rates on EFS and LTFF loans are now being linked to the policy rate to strengthen monetary…