Wall Street rallies with Nasdaq leading gains CPI was flat in July after rising 1.3% in June In 12 months through July, CPI rose 8.5% vs 9.1% in June NEW YORK, Aug 10 (Reuters) – Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal...Read More
Markets were muted on Wednesday, as investors braced for a fresh inflation update that economists expect will show a slowdown in the rapid pace of inflation that has afflicted the U.S. economy this year. Futures prices that track the S&P 500 index rose slightly, with stocks in Europe relatively unchanged and Asian exchanges showing losses....Read More
How the metaverse has sped up economic growth in developing nations Countries are putting their money on the idea of digital space, often known as the “Metaverse,” as their economy continues to sputter. This occurs at a time when the rate of inflation has peaked as a result of isolated ecosystems, logistical disasters, and the...Read More
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 9 (Reuters) – The dollar edged lower on Tuesday in thin summer trading with market participants in wait-and-see mode ahead of key inflation figures that could shed more light...Read More
An investor looks at an electronic board showing stock information at a brokerage house in Beijing, China, August 25, 2015. China’s major stock indexes sank more than 6 percent in early trade on Tuesday, after a catastrophic Monday that saw Chinese exchanges suffer their biggest losses since the global financial crisis, destabilising financial markets around...Read More
New York CNN — Even as some business groups cry foul over the tax provisions in the Inflation Reduction Act, economists at Goldman Sachs say the landmark bill will barely put a dent in massive corporate profits. To pay for historic climate investments, the legislation that passed the Senate on Sunday imposes a 15% minimum...Read More
On GST front, collections rose 44% to ₹1,40,885 crore in June compared with ₹97,821 crore in same month last year. One reason is high inflation, but e-way bill registrations also point to increased volumes and, therefore, higher consumption. E-way bills stood at 73.62 million in May 2022, the third-highest since the system was rolled out...Read More
Initial Jobless Claims Universal Value Advisors The biggest surprise this past week was the unexpectedly large rise in the Payroll Employment Report, at +528K, more than double what appeared to be an optimistic consensus estimate of +250K. Most of the major equity indexes eked out a slightly positive week (see table), but neither the equity...Read More
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