The US Federal Reserve (US Fed) surprised the global financial markets with a higher-than-expected rate cut of 50 basis points (bps) on Wednesday. Puneet Wadhwa caught up with CHRISTOPHER WOOD, global head of equity strategy at Jefferies in New Delhi on his interpretation of the Fed’s move, its implications for global markets and his … Read more
Hezbollah, along with officials from the United States and other countries who were informed about the situation, blamed Israel for the explosions on Tuesday. The blasts followed months of cross-border clashes between the two sides. Twenty people lost their lives, and hundreds were injured when walkie-talkies belonging to Hezbollah members exploded across Lebanon on Wednesday … Read more
5 min read Last Updated : Sep 19 2024 | 9:52 AM IST The US Federal Reserve (US Fed) has cut the target range for the federal funds rate by 50 basis points (bps), from 5.25 – 5.5 per cent earlier to 4.75 – 5.00 per cent on Wednesday, the first time since 2020. The … Read more
Airtel(Photo: Shutterstock) 4 min read Last Updated : Sep 19 2024 | 10:21 AM IST Market capitalisation of major telecom service provider Bharti Airtel crossed Rs 10 trillion for the first time ever after the company’s stock price hit a new high of Rs 1,673.35, gaining 1 per cent on the Bombay Stock Exchange … Read more
4 min read Last Updated : Sep 19 2024 | 10:54 AM IST Investment strategy after US Fed’s rate cut: The US Federal Reserve’s jumbo rate cut of 50 basis points — a first since early 2020 — triggered volatility across various asset classes. The US equities, for instance, ended lower on Wednesday, as … Read more