Amazon is developing a new smartphone within its devices and services unit, more than a decade after its first failed attempt in the category, according to a report by Reuters.The project, internally dubbed “Transformer,” is being positioned as a personalised mobile device that can integrate with the Alexa voice assistant…
US stock futures slipped on Friday morning as oil prices picked up steam again after a brief pause.Dow futures fell about 200 points, while S&P 500 and Nasdaq 100 futures also edged lower, despite earlier signals pointing to a positive open.Wall Street is facing some serious headwinds as a hawkish…
The Middle Eastern conflict has severely affected the stock markets. From the US to Europe to Asia, markets are bleeding, and stocks that have enjoyed a strong run prior are coming down to reality. At this juncture, underdog investment strategies such as value are outperforming conventional winners such as growth, quality,…
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…