June 28 – Shares of Trump Media & Technology Group fell in choppy trading on Friday, erasing earlier gains driven by President Joe Biden’s shaky performance against Republican rival Donald Trump at the first 2024 U.S. presidential debate. TMTG shares have been volatile all year, as the stock is mostly […]
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NEW YORK, – A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, […]
The private-credit universe — already one of the fastest-growing markets — has room to balloon to $15 trillion over the next decade from $1.7 trillion today as types of lending broaden and expand, said Bruce Richards, whose Marathon Asset Management invests in a multitude of credit markets. “It’s going to […]
Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]
Gold prices climbed over 1 per cent on Thursday, rebounding from a more than two-week low reached in the previous session, as the dollar weakened and attention turned to key U.S. inflation data for insights into the Federal Reserve’s policy direction. As of 1804 GMT, spot gold had increased by […]
Nithin Kamath, co-founder and chief executive officer (CEO) of leading online stock brokerage firm Zerodha, predicts ‘tough times’ for the broking industry in Indian. Kamath took to microblogging platform ‘X’ and said that almost every broking company’s business model in India is skewed towards earning from options, which is likely […]
Diensten Tech IPO: The initial public offering (IPO) of the small and medium-sized enterprise (SME) Diensten Tech Limited was subscribed was subscribed over 53 times by the end of the final day of bidding, according to stock exchange data. The SME IPO of the information technology (IT) services provider opened […]
Indian stock market: The Sensex and the Nifty 50 concluded with losses on Friday, June 28, ending their four-day winning streak. The benchmarks reached new all-time highs during the session but retreated as profit-taking set in amid mixed global cues. The Nifty 50 touched a peak of 24,174 during the […]
To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to ₹10 lakh from the current ₹2 lakh. The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in […]
It appears that the bulls have asserted complete dominance over the Indian market, leaving no opportunity for the bears to intervene. Achieving new record highs, surpassing significant milestones, and establishing fresh benchmarks have become routine during this recent bullish phase. Consequently, leading Indian indices have consistently surpassed their previous record […]