US stock opened lower on Wednesday after hotter-than-expected inflation data and rising oil prices dampened investor sentiment ahead of the Federal Reserve’s policy decision.Dow Jones Industrial Average fell about 169 points, or 0.36%, while S&P 500 fell 0.31% and Nasdaq 100 declined roughly 0.26%. The cautious tone followed a stronger-than-expected…
The Bank of Canada held its benchmark interest rate steady on Wednesday, signaling a cautious approach as policymakers balance rising energy-driven inflation pressures against weakening economic growth.Officials led by Governor Tiff Macklem kept the policy rate unchanged at 2.25%, in line with market expectations and economist forecasts. The decision comes…
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General License No. 52, authorising certain transactions involving Petróleos de Venezuela, S.A. (PDVSA) and its affiliated entities in accordance with the Venezuela Sanctions Regulations.The measure maintains the broader framework of US sanctions while creating a limited…
US Federal Reserve officials left interest rates unchanged on Wednesday, maintaining a cautious stance as geopolitical tensions in the Middle East and mixed economic signals complicate the policy outlook.The Federal Open Market Committee (FOMC) voted 11-1 to keep the benchmark federal funds rate in a range of 3.5% to 3.75%,…
On Wednesday, the Federal Reserve held the policy rates, while the US wholesale inflation surged. Trump administration also allowed a waiver permitting foreign-flagged vessels to transport fuel between domestic ports to address price pressures and supply disruptions linked to the Iran conflict.US Fed holds rates amid geopolitical uncertaintyThe US Federal…
Wall Street ended sharply lower on Wednesday as investors reacted to the Federal Reserve’s decision to hold interest rates steady, rising inflation pressures, and escalating geopolitical risks linked to the Middle East conflict.Major US indexes extended losses following the Fed’s announcement and fresh economic data. The Dow Jones Industrial Average…
Thursday’s markets opened under the shadow of a widening Middle East conflict, with Iran’s strikes on regional energy assets pushing oil sharply higher.The developments added to inflation worries from Tokyo to trading desks worldwide.At the same time, the AI buildout remains in focus as Elon Musk signals more big Nvidia…
The FTSE 100 Index has slumped by over 5% from its peak this year as investors have embraced a risk-off sentiment amid the ongoing war in Iran. It dropped to £10,305 on Thursday, down by 5.65% from its highest level this year.Iran war has led to a risk-off sentiment The FTSE…
A cyberattack on medical device maker Stryker has prompted US authorities to warn companies about potential risks linked to Microsoft systems widely used across organisations.The breach, which began on March 11, disrupted Stryker’s global operations and drew attention to vulnerabilities in endpoint management tools that control access, devices, and applications.A…
BigBear.ai’s (NYSE: BBAI stock) selloff has turned one of the market’s hotter defence-AI names into a much tougher debate.The stock has fallen sharply from its recent highs and was trading around $3.95 to $3.96 in recent market coverage. That’s nearly 34% down from this year-to-date (YTD) levels of around $5.88.The…