After a period of soaring highs, U.S. stock index futures started to steady in evening deals on Thursday. The S&P 500 Futures remained at 5,641.50 points, while Nasdaq 100 Futures held steady at 20,444.25 points. Dow Jones Futures experienced a slight rise to 40,123.0 points by 19:03 ET (23:03 GMT). While the Consumer Price Index
Wall Street
In recent news, U.S. bank regulators have fined Citigroup $136 million for failing to adequately address data management issues that were identified back in 2020. This enforcement action from the Federal Reserve and the Office of the Comptroller of the Currency (OCC) highlights Citigroup’s ongoing struggles to fix their data management problems and implement necessary
Recently, Volkswagen issued a warning that it may be forced to close its Audi plant in Brussels due to a significant decrease in demand for high-end electric cars. This drop in demand has had a negative impact on Europe’s leading car manufacturer, prompting the company to revise its margin target for the current year. The
Australia has recently pledged to increase investment in Pacific Island countries in order to support their financial systems. This comes at a crucial time when some Western banks are severing their ties with the region citing risks associated with doing business there. The move is particularly significant as China is looking to expand its influence
The Asian stock markets experienced a downward trend on Monday, with Chinese markets leading the losses. This was primarily fueled by the persistent concerns surrounding the ongoing trade war with the West. Despite a positive performance on Wall Street, regional markets remained unimpressed as the S&P 500 and the NASDAQ Composite reached new highs. The
Revolut’s CEO Nikolay Storonsky is reportedly planning to cash in part of his multibillion-dollar stake in the company through a $500 million share sale. The exact size of his stake remains unclear, but it is expected to be a significant portion of the total valuation. The Financial Times had previously reported that Revolut is in
President Joe Biden is currently facing a crisis of confidence among his allies, donors, and party members following a recent debate performance that has raised serious questions about his fitness for office and ability to lead. Despite acknowledging his physical and oratorical decline, President Biden’s strategic missteps and retreat from the public eye have only
Hurricane Storm Beryl, which is expected to intensify as it nears the south Texas coast, has already caused devastation across the Caribbean. The storm intensified into a Category 5 hurricane earlier on, resulting in the deaths of at least nine individuals in countries like Jamaica, Venezuela, Grenada, and Saint Vincent and the Grenadines. As of
The recent anti-dumping probe launched by China into Europe’s cognac industry has raised concerns among industry players. According to Jean-Jacques Guiony, the chief financial officer of LVMH, this action is a direct response to the European Union’s tariffs on Chinese electric vehicles. This tit-for-tat approach has created tension between the two economic powerhouses, leading to
The recent surge in U.S. Treasury yields following the debate between President Joe Biden and Republican challenger Donald Trump has caught the attention of analysts at Yardeni Research. The benchmark U.S. 10-year Treasury yield reached 4.48%, a significant increase from its previous level of 4.29%. Typically, bond yields move opposite to prices, and this uptick