Indian Stocks Are Among Asia’s Biggest Losers as Selloff Deepens

Jan 21, 2025 | Markets

Stocks in India fell to their lowest level since June, as corporate earnings so far this season have offered little hope to investors betting on an economic recovery. The NSE Nifty 50 Index declined 1.4% to 23,024.65 on Tuesday, marking a fall of over 12% from its...

Musk Gets White House Email Address, Office Space to Lead DOGE

Jan 20, 2025 | Markets

Musk has been tapped to lead cost-cutting effort for Trump Email available as part of Executive Office of the President Billionaire Elon Musk has already secured a White House email address and office space, clearing the way for him to launch the cost-cutting effort...

Trump’s Win Sparked Euphoria in Markets, Now Comes the Real Test

Jan 19, 2025 | Markets

S&P 500 has surrendered chunk of gains since election bounce Treasury yield curve steepens following Republican sweep Donald Trump’s victory in the November US presidential election sparked an immediate rally in markets, with stocks flying, the dollar soaring and...

US Set to Exceed World War II Debt Levels by 2029, CBO Says

Jan 17, 2025 | Markets

Estimates don’t include renewal of expiring 2017 GOP tax cuts Stronger-than-expected 2024 economy lowered deficit forecast The US government is on track to surpass record debt levels set after World War II in just four years, the Congressional Budget Office warned on...

Surging Long-Term Rates Stoke GOP Tensions on Paying for Tax Cut

Jan 17, 2025 | Markets

Rise in Treasury yields adds to government’s interest bill Some Republicans see need for higher spending in some areas Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax...

Stalled-Out Tech Stocks Leave ‘Other 493’ to Drive Market Gains

Jan 17, 2025 | Markets, Private Markets

New year kicks off with broadening beyond Magnificent 7 shares Energy, materials, utilities are winning sectors to start 2025 Some less-loved sectors of US equities are taking the lead in driving the market higher to start 2025, as lofty valuations and slowing profit...