The Indian rupee’s valuation against major global currencies has dropped to its lowest level in more than a decade, weighed down by rising crude oil prices and persistent foreign outflows. Data from the Reserve Bank of India’s latest bulletin showed that the rupee’s 40-currency real effective exchange rate (REER) fell to 92.72. The REER adjusts
The US Federal Reserve is widely expected to keep interest rates unchanged at its upcoming April 28–29 meeting, as policymakers weigh the economic fallout from a surge in energy prices against signs of resilience in the labour market. The decision comes at a time when financial markets are recalibrating expectations for rate cuts, while Fed
Meta Platforms and Microsoft will give Wall Street its most important AI test of the quarter on Wednesday, April 29, when both companies report after the bell. Meta’s Q1 2026 earnings call is set for 2:30 p.m. PT, while Microsoft has said it will publish fiscal Q3 2026 results after the close of the same
US prosecutors have dropped their criminal investigation into Federal Reserve Chair Jerome Powell, a move that could ease the path for the Senate to confirm Kevin Warsh as the next head of the Federal Reserve. Jeanine Pirro, the US attorney for the District of Columbia, said on Friday that she had directed her office to
US consumer sentiment fell sharply in April, hitting its lowest level in nearly four years as the ongoing conflict with Iran drove inflation concerns and weighed on household outlook. The University of Michigan’s Consumer Sentiment Index dropped to a final reading of 49.8 for the month, down from 53.3 in March. While the figure was
Emerging market stocks and currencies declined on Thursday as elevated crude prices and ongoing geopolitical tensions weighed on investor sentiment. Continued restrictions on shipping through the Strait of Hormuz and the absence of US-Iran negotiations kept oil prices above $100 a barrel, fuelling concerns of a potential global economic slowdown. MSCI’s index tracking emerging market
The BitMine stock price has rebounded in the past few weeks, moving from the year-to-date low of $17.30 in February to the current $23.30. This rally may continue in the foreseeable future as Ethereum rebounds and a double-bottom pattern forms. Tom Lee is accumulating Ethereum aggressively On-chain data shows that BitMine continues to accumulate ETH
The Tilray stock price has risen in the past few days, a trend that accelerated this week. It jumped to a high of $8, up by over 30% from its lowest level this year. This rally may continue in the near term amid the ongoing reclassification talk. Tilray stock jumps amid reclassification talk The main
The number of Americans filing for unemployment benefits rose modestly last week, suggesting the labour market remains broadly stable even as geopolitical tensions and rising costs pose emerging risks to economic momentum. Data released by the US Department of Labor showed initial claims for state unemployment benefits increased by 6,000 to a seasonally adjusted 214,000
Wall Street opened weaker on Thursday, as investors paused after a recent rally, weighed down by persistent geopolitical tensions and a mixed batch of corporate earnings. The Dow Jones Industrial Average fell about 253 points, or 0.51%. S&P 500 slipped 0.26%, while Nasdaq 100 also declined 0.33%, after both indexes closed at record highs in