Stock Market
JPMorgan CEO Warns of Potential 7% Benchmark Interest Rates
In a recent interview with the Times of India, JPMorgan CEO Jamie Dimon urged clients to brace themselves for the possibility of benchmark interest rates...
Consumer Confidence Index Hits Lowest Point Since 2020
In a notable shift from the positive outlook observed during the summer months, the Consumer Confidence Index in the United States experienced a substantial dip...
DraftKings Shares Get Boost with JPMorgan Upgrade
JPMorgan, a prominent financial institution, announced on Tuesday its decision to upgrade shares of the online gambling giant, DraftKings (DKNG), from Hold to Buy, concurrently...
BofA Downgrades Nordstrom, Kohl’s in Face of Rate Pressure
In response to mounting financial strain on households due to escalating interest rates, Bank of America (BofA) announced a significant reduction in profit estimates and...
Market Jolt: Dow Jones Slips 330 Points in Recent Slide
Wall Street witnessed a second consecutive day of losses on Tuesday, as investors remained wary of the Federal Reserve’s reluctance to implement interest rate cuts...
Cybersecurity Milestone: Cisco Acquires Splunk in $28B Deal
Cisco (CSCO) has sealed a deal to acquire the AI-driven cybersecurity powerhouse, Splunk (SPLK), for a staggering $28 billion, potentially heralding a resurgence in tech...
Nasdaq 100 Index Draws Short Sellers, Raises Concerns
Citigroup strategists have reported a shift in investor sentiment, indicating a growing aversion to the tech-heavy Nasdaq 100 Index. At the onset of the year,...
Stock Prices See Sharp Decline Amid Fed’s Rate Outlook
In a tumultuous start to the trading day, Wall Street witnessed a sharp decline in stock prices on Tuesday as concerns over the Federal Reserve’s...
Market Recovery: Wall Street Overcomes Policy Fears
Wall Street made a resounding recovery on Monday, shrugging off concerns stemming from the Federal Reserve’s recent “higher for longer” policy stance on interest rates....
Moody’s Issues Warning on Potential US Government Shutdown
In a stark advisory released on Monday, global credit ratings agency Moody’s cautioned that a looming US government shutdown could have detrimental implications for the...
