US stock markets faced heavy selling pressure on Monday as futures linked to the S&P 500, Dow Jones, and Nasdaq 100 fell sharply in early trade. Investor sentiment weakened after President Donald Trump’s sweeping tariffs on Canada, Mexico, and China raised concerns of a global trade war, weaker corporate earnings, and an economic slowdown. At […]
US Stock Markets Fall as Trump’s Tariffs Worry Investors Read More »
The recent tariff imposition by US President Donald Trump towards Chinese, Mexican, and Canadian imports have generated ripples in financial markets globally, with a big impact for India. On one hand, the move can become a booster for India’s exports with its becoming a preferred source, but at a cost, in terms of fluctuations in
Trump’s Tariffs and Their Impact on the Indian Economy and Stock Markets Read More »
Bitcoin surged to an all-time high of $109,241 as the United States gears up to inaugurate President-elect Donald Trump, known for his pro-crypto stance. The cryptocurrency rose by 5.5% on Monday, marking a fresh milestone in its upward trajectory. The rise in Bitcoin followed Trump and his wife Melania unveiling their own memecoins over the
Bitcoin Hits New Record High as US Prepares for Trump’s Pro-Crypto Presidency Read More »
Tencent Holdings Ltd., China’s most valuable technology firm, conducted its biggest share repurchase in almost two decades following a sharp stock decline. The selloff occurred after Tencent was added to a US blacklist for alleged ties to the Chinese military. On Tuesday alone, the company bought back 3.93 million Hong Kong-listed shares worth HK$1.5 billion
Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns Read More »
India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen. Key Predictions: Current Scenario: In 2023, India’s GDP stood at $3.55 trillion, while Japan’s was $4.22 trillion, according to World Bank data. The IMF
India Poised to Surpass Japan in Nominal GDP Rankings by 2025 Read More »
The exchange-traded fund (ETF) market has hit a historic milestone in 2024, with net inflows exceeding $913 billion as of November, marking the largest annual inflows ever recorded. The previous record of $910 billion, set in 2021, has now been surpassed with a month still left in the year, as per Bloomberg Intelligence data. This
US ETFs Witness Record $913 Billion Inflows in 2024, Setting New Wall Street Milestone Read More »
Bitcoin prices surged close to $90,000 on Tuesday, reaching $89,599 as market sentiment turned highly optimistic following President-elect Donald Trump’s pro-crypto stance and his pledge to reshape the US cryptocurrency regulatory landscape. The rally gained momentum as Trump announced plans to position the US as a leader in cryptocurrency. His agenda includes setting up a
Bitcoin Nears $90,000 as Pro-Crypto Agenda Sparks Fresh Rally Read More »
According to a report from The Wall Street Journal, Qualcomm is reportedly exploring a potential acquisition of Intel. Qualcomm, which recently made its foray into PC processors, has approached Intel about a takeover, though the deal is described as “far from certain” and would likely face significant regulatory challenges. Intel, once a dominant player in
Qualcomm Reportedly Eyeing Intel Acquisition Amidst Struggles at Intel Read More »
A recent report by the American Chamber of Commerce in Shanghai highlights how growing US-China trade tensions and China’s slowing economy are pushing many companies to look for alternative markets like India and Southeast Asia. The 2024 China Business Survey, released on September 12, shows that 40% of companies are redirecting investments originally planned for
US Companies Shift Focus from China to India Amid Rising Tensions, Says Report Read More »
The Jackson Hole Economic Policy Symposium 2024 is underway in Wyoming, attracting global financial leaders and central bankers to this highly anticipated event. Often referred to as the “Davos of central bankers,” this annual retreat serves as a critical platform for discussing economic policies that have far-reaching impacts on global markets. This year’s focus is
Jackson Hole Economic Policy Symposium 2024: Key Details on US Fed Chair Powell’s Speech Read More »
