The Dow Jones backslid around 180 points on Wednesday. Market sentiment buoyancy is facing fresh challenges on multiple fronts. The AI tech rally has pushed key companies deep into overvalued territory, steepening pullback volatility. The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are…
The Dow Jones saw its lowest figures in over a week on Thursday. Equities are extending a near-term backslide as investors reconsider sky-high valuations. Forecast-beating PMI prints helped to limit losses, but markets remain concerned about rate cut forecasts. The Dow Jones Industrial Average (DJIA) softened on Thursday, testing 44,600 at its lowest point before…
Some might say that Carmel is trapped in time, but Chanterria McGilbra brought a time machine to town. The destination? The Roaring ’20s (see what we did there?). And yes, a DeLorean was on display courtesy of Monterey Touring Vehicles. Time travel jokes aside, McGilbra is responsible for the eighth iteration of The Prancing Ponies…
The Dow Jones rose on Thursday, buoyed by a general improvement in equities. Investors shrugged off a downside GDP print, focusing on medium-term factors looming ahead. US PCE inflation figures due on Friday will be the last data hurdle this week. The Dow Jones Industrial Average (DJIA) rose to its highest figure in 16 weeks…
The Pound Sterling climbs to near 1.3765 against the US Dollar on hopes that President Trump will announce Fed Powell’s successor soon. Fed’s Powell warned that the tariff-driven inflation could prove to be persistent. UK employers aim to reduce their labor force to offset the impact of the increase in contributions to social security schemes….
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…