The Justice Department has concluded its investigation into Federal Reserve chair Jerome Powell. This decision removes a significant obstacle to the confirmation of Kevin Warsh, President Trump’s nominee. The probe focused on the Fed’s building renovations. Prosecutors found no evidence of criminal conduct. A judge had previously dismissed subpoenas. This development could lead to a swift Senate vote for Warsh.Read More
Indian markets fell sharply with BSE Sensex and Nifty 50 declining amid heavy IT selling. Stocks like Infosys dropped, while select firms including Himadri Speciality Chemical and Adani Energy Solutions gained on earnings and momentum.Read More
Despite a 999-point drop in the BSE Sensex, seven BSE 150 midcap stocks hit 52-week highs, signalling strong momentum in select sectors, with notable gains in power, finance, steel and pharmaceuticals over the past month.Read More
Indian government bonds were little changed on Friday, but posted their first weekly decline since April 3, as oil prices started climbing again, with market participants seeing no resolution to the U.S.-Iran conflict.Read More
Intel’s significant profit surge is propelling technology stocks higher, nearing an all-time high for the S&P 500. Meanwhile, oil prices remain volatile as markets await developments in the Iran conflict. Procter & Gamble also reported strong earnings, while Charter Communications saw a notable decline.Read More
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