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US stock indices declined on Tuesday as investors focused on the fate of President Donald Trump’s giant tax cut proposal. The legislation is expected to face a close vote later this week. “We have a tremendously unified party,” Trump told reporters as he arrived at Capitol Hill on Tuesday to encourage Republicans to resolve their…
(Bloomberg) — US bonds, stocks and the dollar dropped after Moody’s Ratings stripped the government of its top credit rating, reinforcing concern about the status of American assets. Gold rose. S&P 500 contracts fell 1.3%, with investors cooling on equities after a five-day winning streak. European and Asian shares also dropped. The yield for 30-year…
News aggregator DailyHunt’s parent company VerSe is set to lay off 350 employees in what the company called a ‘strategic transformation’ to overhaul its working methods. In a press release on late Saturday, VerSe said that it will streamline approximately 350 roles within the company. The layoffs will be made in May, it said. “To…
US Stocks Today: Pharmaceutical companies like Pfizer, Amgen, and Merck & Co. shares jumped more than 3 per cent at the Wall Street open on Monday, May 12, after the US President announced that he would cut drug prices by 59 per cent for sale inside America. Pharma Stocks in US Pharmaceutical stocks like Pfizer…
Amazon Inc. share price jumped more than 7 per cent in the US market session on Monday, May 12, after the US-China deal showed optimism of a 115 per cent tariff cut between the two nations, easing the ongoing trade war. (This is a developing story. Please check back for updates.)
The National Stock Exchange and BSE have barred access to their respective websites from all overseas locations to safeguard against cyber attacks effective Tuesday, two people said. The development came a day before the Indian defence forces launched ‘Operation Sindoor’, raining a barrage of missiles on terror camps in mainland Pakistan and Pakistan-occupied Jammu and…
Employers added 177,000 jobs in April Treasury to auction 3-, 10-, 30-year debt next week Traders pus bets on next rate cut to July Japan says could use Treasury holdings in trade negotiations (Updated in New York afternoon time) May 2 (Reuters) – U.S. Treasury yields rose to a one-week high on Friday after data…
US Fed policy in focus: Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report. They had previously forecast a rate cut in June. Data on Friday showed, nonfarm payrolls increased more than expected in April,…
Supply Lines is a daily newsletter that tracks global trade. . Treasury Secretary Scott Bessent said that President Donald Trump hasn’t offered to take down US tariffs on China on a unilateral basis. Asked if there was no unilateral offer from the president to de-escalate, Bessent said “not at all.” He was answering reporters’ questions Wednesday…
The Upcoming IPO: As the Indian stock market regained lost ground, the first mainboard public offer for the financial year 2025-26 (FY26) by EV maker Ather Energy is set to hit Dalal Street next week. According to the company’s red herring prospectus (RHP) filed with market regulator SEBI, the initial public offering (IPO) of Ather…