After moving mostly higher over the two previous sessions, stocks may give back ground in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the S&P 500 futures down by 0.2 percent. Traders may look to cash in on the recent strength in the markets ahead of the Federal […]

After recovering from an initial move to the downside, stocks moved mostly higher over the course of the trading session on Tuesday. The major averages climbed well off their early lows and firmly into positive territory. The major averages finished the day near their best levels of the session. The Dow rose 123.91 points or 0.4 percent to 33,052.87, the […]

UK grocery price inflation fell to single digits for the first time since July last year, but consumers are likely to continue feeling the pinch, a survey from the market research group Kantar showed Tuesday. Separate surveys from the BRC and Barclays also showed that consumers are tightening their purse strings as they head into the Christmas shopping season as […]

Stocks moved mostly higher early in the session on Monday and continue to turn in a strong performance in afternoon trading. The major averages have all moved notably higher after ending last Friday’s trading mixed. In recent trading, the Dow and S&P 500 have reached new highs for the session. The Dow is up 485.53 points or 1.5 percent at […]

The UK mortgage approvals declined to an eight-month low in September as rising interest rates damped housing market activity, data from the Bank of England showed Monday. Furthermore, data on credit to businesses and consumers suggested that the economy is heading into a mild recession. Net mortgage approvals for house purchases fell to 43,300 in September from 45,400 in August. […]

Stocks moved notably lower over the course of the trading day on Thursday, extending the sharp pullback seen during Wednesday’s session. With the continued weakness, the major averages fell to their lowest closing levels in five months. The major averages staged a recovery attempt in the latter part of the session but moved back to the downside going into the […]

The U.S. Department of Commerce will establish the United States Artificial Intelligence Safety Institute inside National Institute of Standards and Technology. The US AISI will operationalize NIST’s AI Risk Management Framework by creating guidelines, tools, benchmarks, and best practices for evaluating and mitigating dangerous capabilities and conducting evaluations including red-teaming to identify and mitigate AI risk. This is one among […]

Healthcare platform IKS Health — backed by Rare Enterprises, a company founded by late investor Rakesh Jhunjhunwala — has acquired US-based tech solutions firm AQuity Solutions for $200 million (Rs 1,600 crore). AQuity Solutions is a leading tech-enabled clinical documentation, medical coding and revenue integrity solutions provider in the healthcare domain. On the other hand, IKS Health provides administrative, clinical […]

Business sentiment in Germany brightened slightly in October but the modest improvement after a few months of easing failed to calm the fears of recession, a survey by the ifo institute showed on Wednesday. The ifo business climate index rose to 86.9 in October from 85.8 in the previous month, survey results from the Munich-based think tank said. The reading […]