Wall St and The Federal Reserve’s decision to maintain interest rates has contributed to the stability of the financial markets. Despite expectations of a potential shift, the status quo has provided some clarity, although investor focus remains on the details shared by Fed Chair Jerome Powell during the press conference. Wall St Introduction to the …
US consumer confidence Amidst a series of concerning economic indicators, the US consumer confidence index faced a notable setback in October. The decline for the third consecutive month has raised apprehensions about the stability of the US economy. Overview of the US Consumer Confidence Index The Index is a crucial metric used to gauge the …
The Euro Up has shown resilience in European trade, making strides against several major counterparts. After enduring a challenging period marked by consecutive losses against the US dollar, the Euro is on a trajectory to secure its first profits in five days, thereby distancing itself from the recent two-week lows. Introduction: Euro Up recent performance …
Euro Up cautiously ahead of European inflation data Read More »
Introduction In a significant move within the pharmaceutical sector, Pfizer, the renowned U.S. pharmaceutical giant, has secured unconditional antitrust approval from the European Union for its proposed acquisition of Seagen, a prominent cancer drug manufacturer. The $43 billion deal, announced in March, has been a focal point in the industry, marking Pfizer’s substantial investment leveraging …
Nokia In the fast-paced world of technology, the ups and downs of the stock market often reflect the ebb and flow of the industry’s giants. Recently, Nokia, a renowned name in the telecommunications sphere, witnessed a significant plunge in its stock value, sending shockwaves through the market. The company’s third-quarter earnings report unveiled a discouraging …
Apple The tech world has been abuzz with the recent lawsuit filed by the Department of Justice against Alphabet, the parent company of Google. The lawsuit, which began last month, alleges that Google has been engaging in anticompetitive practices, raising concerns about its partnership with various browser and smartphone companies. Of particular interest is Google’s …
Introduction In the unpredictable world of the stock market, Microsoft (MSFT) stands as a resilient contender, displaying remarkable stability despite the inherent volatility. As the much-anticipated Microsoft earnings report for the first fiscal quarter approaches, investors are keeping a keen eye on the potential implications of the recent collaboration between Microsoft and the cloud-computing behemoth, …
Introduction Google In a groundbreaking development, Infosys Limited (INFY) and Alphabet’s Google (GOOGL) have broadened their strategic collaboration, aiming to harness the power of artificial intelligence (AI) for enterprises. This intensified alliance will witness the fusion of Google Cloud’s generative AI solutions into Infosys Topaz, a pioneering set of AI-centric services, solutions, and platforms. Google …
Google & Infosys (INFY) Team Up to Leverage AI Capabilities Read More »
Introduction USA Dollar In the wake of surging US treasury yields, the dollar has experienced an upswing in European trade, retaining its gains for the second consecutive day. This rise has been attributed to robust US retail sales data, reinforcing the possibility of a 0.25% interest rate hike in December. Moreover, all eyes are on …
USA Dollar Maintains Gains Ahead of Powell’s Speech Read More »
Digital Euro The European Central Bank (ECB) has recently taken significant strides toward the implementation of a digital version of the euro, a move aimed at revolutionizing the way consumers conduct transactions across the Eurozone. This development, however, raises crucial questions regarding the nature and purpose of the digital Version , especially in contrast to …
