It’s been a volatile time for Indian markets after Prime Minister Narendra Modi failed to secure an absolute majority for his party in the country’s general election. Despite the unexpected result, however, Causeway Capital Management’s Arjun Jayaraman remains confident about the prospects for India — his top pick among emerging markets — noting that “volatility
Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Bank of England policymakers appear the most divided since they brought their hiking cycle to a close last year, illustrating the challenge that Governor Andrew Bailey faces in steering his colleagues toward possible interest-rate cuts in
Judge approves $4.5 billion settlement between Do Kwon, Terraform Labs, and the U.S. Securities and Exchange Commission. Binance previously settled with the U.S. in November for $4.3 billion. Recent spate of criminal convictions and fines mark resolution for multiple bad actors who helped upend crypto sector in 2022. South Korean authorities are seeking the arrest
D’Aungilique Jackson, of Fresno, California, holds a “Cancel Student Debt” sign outside the U.S. Supreme Court in Washington, D.C., after the nation’s high court struck down President Joe Biden’s student debt relief program on Friday, June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images “There is a common-sense fairness question when it
High interest rates have been a boon to Americans holding cash, but many on Wall Street are cautioning investors to start thinking ahead. People have been piling into cash vehicles, such as money market funds and certificates of deposit, since the Federal Reserve started hiking interest rates. Total money market fund assets hit a record
Unybrands, founded in 2020, was one of many players in the then-booming market of Amazon seller aggregators. Companies in the space took advantage of low interest rates and pandemic-driven growth in e-commerce to collectively raise more than $16 billion from top names on Wall Street and in Silicon Valley with the intent of rolling up
The financial sector, along with other value-oriented sectors, is beginning to significantly underperform the major equity benchmarks over the last six weeks. We’ll share a potential short candidate, close to breaking down through a key support level that could indicate much further downside to come. First, let’s visualize the relative performance of the financial sector,
The first half of the year has generally been good for the market, with the S & P 500 and the Nasdaq repeatedly reaching record highs. Year-to-date, the S & P 500 is up around 13% and the Nasdaq has risen 14.9%. Will markets continue soaring? Analysts are split as it’s uncertain when the U.S.
Apple ‘s Worldwide Developer Conference on Monday gave us exactly what we needed — reason to believe iPhone users will upgrade their devices sooner rather than later in order to access a new suite of artificial intelligence features. On Monday, the longtime Club holding unveiled its long-awaited generative AI initiatives, known as Apple Intelligence. But
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters It’s always helpful to examine the elements that foster a crash. The first is a frothy stock market. It is no accident that the first modern stock market crash, the Panic of 1907, occurred after the biggest two-year rally in