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Source: Live Mint Hewlett Packard slumps after dour second-quarter forecasts Nonfarm payrolls increase by 151,000 in February Indexes up: Dow 0.46%, S&P 500 0.43%, Nasdaq 0.54% By Chibuike Oguh, Johann M Cherian and Sukriti Gupta NEW YORK, March 7 (Reuters) – U.S. stocks edged higher on Friday, rebounding from early declines after Federal Reserve Chair…
Source: Live Mint (Bloomberg) — Former Treasury Secretary Lawrence Summers said that volatile policy actions and rhetoric from President Donald Trump are posing the biggest risk to the dollar’s dominance in the world economy in half a century. “The broad approach we are taking to the rest of the world represents the biggest threat to…
Source: Live Mint Sticking to his previous stance, U.S. President Donald Trump on Monday reiterated that 25% levies on imports from Mexico and Canada would go into effect on Tuesday, dashing investors’ hopes of a last-minute deal to avert the full tariffs on the two U.S. allies. In addition to confirming that tariffs on the…
Source: Live Mint Indian stock market: After massive selling in the previous trading session, Indian markets witnessed some buying activity in today’s trade, March 3, attempting to recover after frontline indices recorded their longest monthly losing streak since 1996. Although the markets began the session in the green, momentum quickly turned negative, and by noon,…
Source: Live Mint LONDON, Feb 28 (Reuters) – The pound eased on Friday as nervy investors flocked to the dollar in light of growing pessimism over the outlook for the U.S. economy as President Donald Trump’s tariffs are about to come into force. That said, sterling was still heading for its first monthly rise since…
Source: Live Mint Oil rose the most in six weeks as President Donald Trump affirmed plans to impose tariffs on the top two suppliers of crude to the US. West Texas Intermediate futures climbed about 2.5% to settle above $70 a barrel after Trump said in a social media post that the proposed levies on…
Source: Live Mint (Bloomberg) — Gold held just below a record high as a fresh round of tariff threats from US President Donald Trump, coupled with mounting geopolitical intrigue, underscored the metal’s haven appeal even after a blistering rally. Bullion traded little changed near $2,935 an ounce — a few dollars shy of the peak…
Source: Live Mint Earnings have seen a 10% downgrade for FY25, affecting large-, mid-, and small-caps alike, said Trideep Bhattacharya, president and chief investment officer-equities at Edelweiss Asset Management Company Ltd, which oversees equity assets totalling nearly ₹23,000 crore. This broad-based reduction suggests a gradual recovery, rather than an immediate rebound, he said, adding, “We…
Source: Live Mint By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK, – A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump’s tariff plans are endangering Wall Street’s hopes for interest rate cuts this year. The benchmark S&P 500…
Source: Live Mint Feb 3 (Reuters) – Makers of alcoholic beverages, including Johnnie Walker and Corona beer, could be caught in the crosshairs of a potential trade war after U.S. President Donald Trump imposed sweeping new tariffs on goods from Mexico, Canada and China. In three executive orders, Trump imposed 25% tariffs on Mexican and…
