The Commerce Department released a report on Monday showing new home sales in U.S. pulled back sharply in the month of October after soaring in September. The report said new home sales plunged by 5.6 percent to an annual rate of 679,000 in October after spiking by 8.6 percent to a downwardly revised rate of 719,000 in September. Economists had […]

The Lords Economic Affairs Committee also said a “democratic deficit” had opened up as the Bank had not been adequately scrutinised. But its report concluded that the Bank’s independence from the Government, which was put in place a quarter of a century ago, has worked well and strengthened economic confidence in the UK. The wide-ranging report instead recommended smaller changes […]

On a quiet day of economic announcements, investors are looking for new residential construction data and fed talks on Friday. Early trends on the U.S. Futures Index suggest that Wall Street might open positive. Asian shares finished up, while European shares are trading positive. As of 7.10 am ET, the Dow futures were up 82.00 points, the S&P 500 futures […]

Asian stocks turned in a mixed performance on Friday as softer U.S. data and declining oil prices stoked concerns about the global economic outlook. The dollar was set for a weekly slide, helping bullion prices push higher. Crude prices were little changed in Asian trading after plunging nearly 5 percent on Thursday amid signs of increasing supplies and fears of […]

Following the mixed closing on Wall Street overnight, Asian stock markets are trading mostly lower on Friday, after the latest batch of economic data from the U.S., Europe and Asia raised worries about a global economic slowdown. Asian markets ended mostly lower on Thursday. “The Fed is surely encouraged by recent inflation data but needs to see a further slowdown […]

The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia. According to Nigam Arora, a US-based algorithm analyst and author […]

Diwali fireworks are expected to continue on Dalal Street next week, with four companies collectively seeking to mobilise over Rs 6,600 crore through initial public offerings (IPOs). In terms of the amount raised, this is poised to be the busiest week of calendar year 2023. Tata Technologies (Tata Tech), a subsidiary of Tata Motors, could lead the charge with an […]

She has always kept an eagle eye on her credit card repayments, but a single, older woman didn’t realise that the date when she made them was just as important – and that almost cost her dear. As cash reserves shrink amid the relentless struggle to cope with cost-of-living pressures, juggling repayment times has become really critical. A lot risked […]

Stocks moved sharply early in the session on Tuesday and continue to turn in a strong performance in afternoon trading. The major averages are holding on to substantial gains after reaching their best intraday levels in two months. The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 505.13 points or […]

Stocks have moved sharply higher during trading on Tuesday, with the major averages all showing strong moves to the upside after ending the previous session narrowly mixed. With the surge, the major averages have reached their best intraday levels in two months. In recent trading, the major averages have once again reached new highs for the session. The Dow is […]