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Oil prices fell on Friday on worries that U.S. tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on OPEC members Venezuela and Iran. Brent crude futures fell 40 cents, or 0.5% to settle at $73.63 a barrel. U.S. West Texas Intermediate crude futures (WTI)…
PCE data shows inflation stuck above Fed’s target Core PCE higher than forecast, reviving stagflation fears Consumer sentiment drops to two-year low – survey 10-year yield posts biggest daily drop in over a month NEW YORK, – U.S. Treasury yields tumbled on Friday as investors assessed the likely negative hit on growth from President Donald…
UBS Global Wealth Management cut the S&P 500’s 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of U.S. tariffs. The wealth management unit of European bank UBS, cut its year-end index target to 6,400 from 6,600 even as…
Trump unveiled 25% auto tariffs on Wednesday Spot gold hit 17 record highs so far this year Silver touches highest level since October U.S. PCE data due on Friday March 27 – Gold scaled a record peak on Thursday, as investors sought the safe-haven asset in response to escalating global trade tensions and tumbling equity…
Indexes off: Dow 0.33%, S&P 500 0.13%, Nasdaq 0.13% Advanced Micro Devices down after brokerage downgrade Q4 GDP up 2.4%, weekly jobless claims at 224,000 By Pranav Kashyap and Johann M Cherian March 27 – Wall Street seesawed between marginal gains and losses on Thursday, as investors grappled with President Donald Trump’s latest trade gambit…
Stock market today: Indian pharma stocks extended their losing streak to the third consecutive trading session on Thursday, March 27, as concerns grew that US President Donald Trump may announce tariffs on pharmaceutical imports, following his imposition of duties on automobiles. On Wednesday, Trump announced a 25% tariff on auto imports, a move the White…
