‘This could be India’s moment’, says Raghuram Rajan, suggesting a red carpet push for global capital
With global investors looking beyond the US, Rajan urges India to seize the moment with proactive reforms and long-term policy clarity.
Trade war's impact, key growth indicators: How global economy will shape up next week
US trade-policy fingerprints are expected to become more apparent as soon as next month, according to many economists
Kraken launches tokens to offer 24/7 trading of US equities
Tokenization refers to the process of issuing digital representations of publicly-traded securities.
US stocks ‘astronomically complacent’ about trade war, says CLSA
Even with the trade war hanging over markets, the S&P 500 sits less than 5% off its record high from February, and close to the median year-end forecast of strategists tracked by Bloomberg.
Wall Street tumbles as rising yields spook investors; UnitedHealth shares crash 5%
Tech giants Apple and Amazon also lost more than 1 percent each, under pressure from the jump in yields.
Jamie Dimon warns markets are underestimating geopolitical, inflation risks
Dimon said the chances of elevated inflation and stagflation are greater than people think, cautioned that America’s asset prices remain high and said that credit spreads aren’t accounting for the impacts of a potential downturn.
Wall Street snaps 3-day gaining streak as investors book profits; UnitedHealth shares crash 18%
The pullback comes after a strong run earlier this week, driven by optimism around improved US-China trade relations and cooling inflation.
US inflation comes in softer than forecast for a third month
The consumer price index, excluding the often volatile food and energy categories, increased 0.2% from March
Dollar rallies as US-China tariff truce spurs risk-on sentiment
The Bloomberg Dollar Spot Index posted its strongest intraday gain since April 4, rising as much as one percent. The euro depreciated by up to 1.5 percent to $1.1084, marking its weakest daily performance of the year.
Asian stocks start cautiously after Fed holds rate
A regional gauge fell 0.4% and equity-index futures for the US were flat in early Asian trading.
China cuts key rate, reserve ratio to aid economy hit by tariffs
The People’s Bank of China cut the seven-day reverse repurchase rate to 1.4% from 1.5%, according to Governor Pan Gongsheng
Dollar gains after two-day drop, stock futures dip
A gauge of the dollar rose 0.3% after speculation around potential trade deals had pushed the currency lower
President Trump signs Executive Order to ramp up US prescription drug manufacturing
The order directs the USFDA to reduce the time it takes to approve domestic pharmaceutical manufacturing facilities, get rid of unnecessary requirements, and provide support to domestic manufacturers to bring up facilities.
Trump suggests some trade deals may come as soon as this week
Trump also signaled that his aides are having conversations with counterparts from China
CEOs celebrate Buffett as he calls a close on 5,500,000% run
Luminaries from the technology and banking worlds rushed to praise the man whose lessons they partially credit for their success
Fed’s Powell is about to defy Trump and hold rates steady
With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday
Asia stocks muted as crude oil slumps after OPEC+ plan
Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply that’s sent prices plunging
Business in the Week Ahead: May 5-9, 2025
US Fed and Bank of England will decide on interest rates. Ather Energy listing and corporate earnings are the key events, data to track
Crude oil's worst month since 2021 as likely OPEC+ production hike, demand worries weigh
Oil prices fell 16 percent in April as Reuters reported that Saudi Arabia hinted being unwilling to support the oil market with more supply cuts.
How Trump's tariffs are sinking global logistics and trucking firms
The global movement of goods is entering a turbulent phase amid the trade war. New data reveals changes unfolding across ports, shipping lines, and logistics hubs
Relief rally stutters as markets take stock of Trump's U-turns
Just this week, U.S. President Donald Trump has rained attacks on Fed head Jerome Powell, then retracted calls for the chair’s resignation, and left investors none the wiser on the ultimate state of tariffs on China despite many headlines around it.
Wall Street Jumps Over 2.5% on Hopes of China Trade Truce | Tesla Surprises, 3M Soars, Grumman Tanks
Wall Street rallied today as U.S. stocks bounced back with significant gains amid hopes of easing tariff tensions. Treasury Secretary Scott Bessent's optimistic remarks on trade with China boosted investor confidence, leading to a strong rebound across all major indexes. Despite the upbeat mood, concerns linger over the S&P 500's recovery to pre-pandemic highs. Stay updated with our recap as we discuss today's market movements, including Tesla's earnings report and notable stock performances like 3M's upbeat results and Northrop Grumman's profit decline.
Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal
Trump raises Powell firing as ire toward US Fed chair explodes
Trump has been asking those around him about the possibility of removing the Federal Reserve chair, according to people familiar with the matter
Asian stocks trade in tight range, Japan edges up
Stocks fluctuated at the open with modest gains in Japan while most of the other markets are shut for the Good Friday holiday
