Traders work on the floor at the New York Stock Exchange on June 23, 2025. Brendan McDermid | Reuters An aggressive trade war, Middle East escalation and AI competitions overseas — None of 2025’s big curveballs managed to spoil the market’s epic comeback from the year’s lows as stocks stand within reach of a new…
The dollar has fallen to a three-year low following a report that Donald Trump is considering bringing forward the announcement of his choice to succeed the Federal Reserve chair, Jerome Powell. The US president has repeatedly clashed with Powell, accusing the central bank chief of being too slow to cut interest rates, calling him “very…
New York CNN — In the weeks before last fall’s election, shares of Trump Media & Technology Group spiked as traders bet Donald Trump would return to the White House and make Truth Social the platform for presidential communications. Those wagers proved prophetic – if not lucrative. Voters did return Trump to the White House…
By Wayne Cole and Linda Pasquini SYDNEY/GDANSK (Reuters) -The dollar slipped to multi-year lows against the euro and Swiss franc on Thursday as concerns about the future independence of the U.S. Federal Reserve undermined faith in the soundness of the country’s monetary policy. According to a Wall Street Journal report, U.S. President Donald Trump had…
Nvidia’s next big growth catalyst is hiding in plain sight. Nvidia (NVDA 4.26%) CEO Jensen Huang has been defining how the future of artificial intelligence (AI) will evolve. New terms like “sovereign AI” and “AI factories” are being splashed all over business news sites. But what do they really mean? For investors, one thing they…
Stocks looked set to rise on Thursday after The Wall Street Journal reported that President Donald Trump was considering naming the next chief of the Federal Reserve in September or October, which fueled bets that the central bank would cut interest rates sooner than expected. Futures tracking the Dow Jones Industrial Average climbed 66 points,…
The Indian Rupee jumps higher against the US Dollar as Trump attacks Fed’s independence. Fed’s Powell stated that tariffs-driven inflation could be persistent. The RBI monthly bulletin shows that the Indian economy remained resilient in May. The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair revisits 10-day low…
US President Donald Trump has upset the world’s markets and shaken confidence in the US dollar with his latest criticism of Federal Reserve Chair Jerome Powell and indication that he would appoint a successor earlier than usual. The dollar has fallen to its lowest in three years. read more With his latest salvos at Federal…
US stock futures edged up as President Trump talked up his search for a successor to Federal Reserve Chair Jerome Powell. Futures attached to the Dow Jones Industrial Average (YM=F), and the benchmark S&P 500 (ES=F) rose 0.%. While contracts on the tech-heavy Nasdaq 100 (NQ=F) gained 0.2%. The Wall Street Journal reported late Wednesday…
Representative image (Picture credit: AP) Asian equities were largely flat on Thursday while oil prices stabilised, as markets took stock of easing geopolitical tensions and awaited fresh cues on US fiscal and trade policy, especially US President Donald Trump’s looming tariff deadline. According to news agency Reuters, investors remained cautious amid uncertainties surrounding Federal Reserve…