Wall Street is still weighing the implications of the Federal Reserve’s most significant change in the way it thinks about monetary policy over the years. In short, Fed President Jerome Powell in …
Read More »New wave of layoffs points to fresh barriers to decline in US economic recovery
Fresh layoffs and a flood of furloughs in the US have created a new impediment to a fragile economic recovery, the momentum of which is visible. A handful of large airline carriers …
Read More »What does the Federal Reserve inflation policy mean for your retirement savings?
The Federal Reserve has kept interest rates low for more than a year, and the new policy could put it forward for the future as well, a policy statement said on Thursday. …
Read More »Dow erases 2020 losses due to trading slightly higher than stock
Stocks rose marginally on Friday, with the Dow Jones Industrial Average closing another record to reduce the 2020 deficit and track the S&P 500 index, as investors pulled off a day after …
Read More »New Zealand stops trading for 4th straight day after several cyber attacks
New Zealand’s NZX Exchange has been targeted for four days of DDoS attacks this week. Getty Images Trading in New Zealand’s stock market closed for the fourth consecutive day on Friday due …
Read More »Gold falls into volatile trading as investors digest Powell Jackson Hole speech
Gold futures trading declined on Thursday, with prices rising 2%. Federal Reserve Chairman Jerome Powell announced a change in the policy structure of the central bank in a speech at the Jackson …
Read More »The 30% stock rally of Salesforce this week is a potential ‘nightmare’ for the Dow committee
As part of the shake-up in the Dow Jones Industrial Average shares announced earlier this week, Salesforce.com was among a trio of companies included in the venerable benchmark, but now its stock …
Read More »Gold and silver futures end the most in a week
Traders watched Federal Reserve Chairman Jerome Powell’s speech in Jaco Hole, Wyo. Gold and silver futures raised their highest levels in a week on Wednesday at the Economic Summit for the next …
Read More »Salesforce shares rise by more than 25% for best day on sur blow-out ‘quarter
Salesforce.com Inc. On Wednesday showcased its best one-day performance by celebrating several firsts and records by a cloud-based customer relationship management company against the backdrop of the worst global epidemic in a …
Read More »Asian markets retreat as investors wait for Fed president’s speech
Asian shares were mostly lower after negotiations between the United States and China following an absence session on Wall Street. On the snippet of news about coronavirus, recently, the market has lamented …
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