The FinTech Hub
Source: Live Mint US stocks were muted on Tuesday as investors were awaiting the key economic data such as inflation and retail sales due later in the week. At the opening bell, the Dow Jones Industrial Average rose 66.1 points, or 0.15%, to 44,359.21. The S&P 500 rose 2.3 points, or 0.04%, to 6,003.6, while…
Source: Live Mint Devyani International Ltd continues to battle weak consumption demand, especially in urban areas. This has hurt the quick-service restaurant operator’s same-store sales performance for many quarters now. The September quarter (Q2FY25) was no exception. Same-store sales dropped 6-7% last quarter in key brands KFC and Pizza Hut. Same-store sales measure comparable sales…
Source: Live Mint US stock indices surged to record high on Monday, following last week’s rally as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the US presidency continued. At the opening bell, the Dow Jones Industrial Average rose 254.75 points, or 0.58%, to 44,243.74. The S&P…
Source: Live Mint Mumbai:Indian government bond yields ended slightly higher after a range-bound trading session on Monday, with investors awaiting domestic and U.S. inflation data for clues on the outlook for interest rates. The benchmark 10-year yield ended at 6.7874%, compared with Friday’s closing level of 6.7762%. The yield traded in a one-basis point range…
Source: Live Mint In past few days, Wall Street witnessed stock indices climbing to records after Republican candidate and former president Donald Trump resoundingly won the US election against Vice President Kamala Harris. The US Federal Reserve’s latest quarter-point interest rate cut also boosted market sentiments. In the week ahead, Wall Street will see a…
Source: Live Mint Although the US Federal Reserve refrained from surprising markets and trimmed the benchmark interest rate by 25 bps to 4.50 – 4.75 per cent on November 7, markets seemed disappointed by Chair Jerome Powell’s tone, which suggested uncertainty about the future path of interest rates. In the September meeting, the US Fed…
Source: Live Mint US stock indices rose slightly on Thursday after storming to record highs in previous session on former president Donald Trump’s presidential election victory. Market participants were awaiting Interest rate decision from the Federal Reserve later in the day. It is widely expected that the Fed will cut its key interest rate for…
Source: Live Mint On Wall Street the S&P 500, the Nasdaq and the Dow Jones rose to all-time highs on Wednesday as Donald Trump won the 2024 US presidential election. The Dow Jones Industrial Average rose 1,450.11 points, or 3.43 per cent, to 43,671.12, the S&P 500 advanced 138.27 points, or 2.39 per cent, to 5,920.87…
Source: Live Mint US stocks rose on Tuesday, as investors awaited the outcome of the tightly contested presidential election and other potentially market-rattling events this week. At the opening bell, the Dow Jones Industrial Average rose 40.9 points, or 0.10 per cent, to 41835.49. The S&P 500 rose 9.7 points, or 0.17 per cent, to…
Source: Live Mint US Fed meeting: The US Federal Reserve prepares for its policy meeting this week, while anticipations are high that the central bank will propose a 25 bps rate cut. The rate reduction is anticipated to occur amid the backdrop of a presidential election year, adding a layer of complexity to the Fed’s…
