The U.S. reported over 698,000 new cases of coronavirus over the seven days ending June 5, bringing the total count to more than 83.5 million confirmed cases of COVID-19. There have been more than 998,000 COVID-19-related deaths — the highest death toll of any country. New cases continue to rise at a steady rate. In the past week, there were […]

E.U.’s proposed partial ban on Russian oil and the resultant surge in crude oil prices, triggered fears of a fuel-led inflation that dominated market sentiment. Adding to the fear was data showing Eurozone CPI jumping more than expected to a record high of 8.1 percent. Inflation data from France and Austria too showed multi-decade high readings. Asian markets closed mixed. […]

TOKYO (Reuters) – Japan’s household spending fell faster than expected in April as the yen’s sharp decline and surging commodity prices pushed up retail costs, hitting consumer confidence and heightening pressures on the battered economy.FILE PHOTO: A man looks at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-HoonSpending improved from the previous month […]

New York (CNN)The gas price spike keeps getting worse. The national average jumped to $4.87 a gallon on Monday, according to AAA. That’s up 25 cents in the past week and 59 cents in the past month. There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the latest being Michigan and […]

Asian stocks ended mixed on Tuesday as signs that China’s manufacturing slowdown is moderating helped offset fears surrounding high inflation and interest rate hikes. China’s Shanghai Composite Index rallied 1.2 percent to finish at 3,186.43 after the latest figures showed another month of contraction in services and manufacturing activity though at a reduced pace of decline amid easing COVID-19 curbs […]

The share of Americans working from home skyrocketed during the pandemic. A recent Gallup study found that 45% of full-time workers in the United States – and two-thirds of white-collar workers – were doing their job remotely at least some of the time. The shift is proving to be a positive development for millions of Americans. Gallup reports that over […]

Following the strong upward move seen over the two previous sessions, stocks may see further upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent. The markets may continue to benefit from the upward momentum seen over the past two days, […]

‘Periods of high volatility are usually bad for mid-caps and this is something that has to be kept in mind.’‘Focus on quality is of paramount importance.’ “It is the first time after the 2003 to 2008 period that we are seeing all three engines of capex, the government capex, the household capex (home buying) and corporate capex (aided by PLI […]

Equity markets are in green zone amidst positive earnings updates and relief that the Fed would be willing to pause on rate hikes if inflation was coming under control. The Dollar-Index meanwhile touched a one-month low. Asian markets finished with gains. European equity markets too are in green zone. Wall Street Futures are also in mild positive territory. The Dollar […]