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The U.S. Federal Reserve could approve “several more” interest rate cuts ​this year if inflation resumes a decline to the central bank’s 2% target, Chicago Fed President Austan Goolsbee said on Tuesday, downplaying a recent weak consumer price report as masking strong service price increases.
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Fewer top corporate executives could be subject to extensive ​investor disclosures about their compensation under ​pending regulatory reforms, Wall Street’s top regulator said Tuesday.
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Shares in Raspberry Pi rose ​as much as ​42% on Tuesday in a record two-day ​rally after CEO Eben Upton bought stock in the beaten-down UK computer hardware firm, halting a months-long slide, as chatter grew that its ‌products ⁠could benefit ⁠from low-cost artificial-intelligence projects.
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Indian benchmarks extended gains for a second session, led by IT, consumer and financial stocks. Nifty faced resistance near its 50DMA, while easing volatility supported sentiment. Analysts advise buy-on-dips amid rangebound movement and selective stock activity.
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eToro surpassed fourth-quarter profit expectations, driven by robust capital market activity that boosted trading income. The platform saw a notable shift as crypto-native customers began trading commodities, indicating a convergence of investment strategies. Despite a dip in net contribution, the company’s assets under administration grew significantly.
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