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US stocks higher before Fed Chair Powell’s speech
Major US stock exchanges opened higher Friday ahead of Federal Reserve Chair Jerome Powell’s speech. The Dow Jones Industrial Average…
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US Fed chair signals upcoming interest rate cut, saying ‘time has come’ for adjustment in monetary policy
In much-anticipated remarks, US Federal Reserve Chair Jerome Powell on Friday signaled a coming interest rate cut, saying the “time…
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Independent mortgage banks in US see profit in Q2 for 1st time in 2 years
Independent mortgage banks (IMBs) in the US saw a net profit in the second quarter of this year for the…
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Global investors look to read tea leaves from Friday speech by Fed chair
Global markets will closely watch US Fed Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium in Wyoming on…
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Oil prices mixed amid Fed rate cut uncertainty, escalating geopolitical concerns
Oil prices were mixed in a volatile trading session on Wednesday with data indicating an increase in US crude oil…
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Commodity markets see mixed course as recession concerns ease
Commodity markets saw a mixed course last week as precious and base metals rose while recession concerns in the US…
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US chipmaker AMD to buy AI infrastructure firm ZT Systems for $4.9B
US-based global semiconductor manufacturer AMD announced Monday that it had signed a definitive agreement to acquire artificial intelligence (AI) infrastructure…
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US stocks open higher after best week of 2024
Major US stock indices opened Monday with gains, continuing momentum after their best weekly performance of the year. The Dow…
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Producer inflation came in below expectations in May in the United States
Producer Price Index (PPI) in the U.S. decreased by 0.2% on a monthly basis in May, rising by 2.2% annually,…
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In the United States, unemployment benefit claims exceeded expectations
The U.S. Department of Labor has released weekly data on unemployment benefit applications. Accordingly, the number of individuals filing for…
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