Shares of Indian software exporters slid more than 4% on Thursday, extending losses for the week, as persistent fears of AI-led disruption and fading hopes of a near-term rate cut by the U.S. Federal Reserve weighed on sentiment. The rise of Anthropic’s AI tools threatens to upend the labour-intensive business model of Indian IT industry. […]
The recent surge in gold and silver prices is expected to continue, according to renowned investor Peter Schiff from Euro Pacific Asset Management, who predicts further gains for both metals amid a weakening U.S. dollar and shifting global monetary trends. When asked about the current gold rally, Schiff responded that gold’s upward trajectory is likely […]
Federal Reserve Governor Stephen Miran discusses the direction of economic policy after President Donald Trump tapped Kevin Warsh to lead the Federal Reserve on ‘Mornings with Maria.’ Federal Reserve Governor Stephen Miran resigned Tuesday from his role as chair of the Council of Economic Advisers (CEA), following through on a commitment to the Senate to […]
Kevin Warsh, tapped to become the next Federal Reserve chair, may want to significantly contract the central bank’s multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at all. That’s because Fed holdings and the regime that’s grown to manage […]
Rep. Jodey Arrington, R-Texas, explains how Fed Chair pick Kevin Warsh will ‘restore integrity’ in the Federal Reserve on ‘The Bottom Line.’ IBM Vice Chair Gary Cohn said President Donald Trump’s Federal Reserve nominee Kevin Warsh is uniquely positioned to overhaul the central bank, pointing to Warsh’s hands-on role during the 2008 financial crisis and […]
The sell-off echoed the 1980 “Silver Thursday” collapse, as investors booked profits amid shifting global macroeconomic signals. The precious metals complex had its worst day since March 27, 1980, while gold and silver prices recorded their largest single-day decline in the Indian futures market on Friday. Silver futures dropped below ₹3 lakh a kg, while […]
As the housing affordability crisis becomes a growing political focus, Kevin Warsh, President Trump’s pick to chair the Federal Reserve, has said he believes the central bank can use its monetary policy powers to help bring down mortgage rates. “We can lower interest rates a lot, and in so doing, get 30-year fixed-rate mortgages so […]
Mortgage rates were little changed this week as the Federal Reserve held benchmark interest rates steady, and investors geared up for a potential extended pause. The average 30-year mortgage rate was 6.1% through Wednesday, according to Freddie Mac data, from 6.09% a week earlier. The average 15-year mortgage rate was 5.49%, from 5.44%. Learn more: […]
The S&P 500 and the Dow opened slightly higher on Monday, as investors braced for a heavyweight run of earnings along with a closely watched Federal Reserve monetary policy decision later in the week. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 88.92 points, or 0.18%, to 49,187.63, the S&P 500 gained 8.82 […]
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said. Equity markets would be closed on Monday for Republic Day. Moreover, trading activity of foreign investors, rupee-dollar […]