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Indian rupee's sudden jump may not last due to monetary easing and global volatility. Analysts predict a decline to 88.8 per dollar by mid-2025, despite the recent gains.
Published on: February 13, 2025, 09:01 AM UTC
European stocks rise on optimism about Ukraine war, pound climbs on UK growth
Published on: February 13, 2025, 09:00 AM UTC
US stocks were mostly lower on Wednesday as investors digested a hotter-than-expected January inflation reading and investors pared back bets on Federal Reserve interest rate cuts this year. The Dow Jones Industrial Average (^DJI) dropped 0.5%, while the benchmark S&P 500 (^GSPC) slipped nearly 0.3%. The tech-heavy Nasdaq Composite (^IXIC) finished just above the flatline.
Published on: February 13, 2025, 08:03 AM UTC
Egg prices are at a record high, but supermarkets are keeping prices low for shoppers to maintain loyalty and avoid empty shelves. The high prices are due to an outbreak of avian flu that has killed millions of egg-laying hens. Grocers are using promotions and loyalty programs to entice shoppers to spend more to make up for their losses.
Published on: February 13, 2025, 08:01 AM UTC
US stock futures rose after January's inflation report, despite dashing hopes of an interest rate cut. Nasdaq futures jumped 0.4%, while Dow Jones futures gained 0.1%. Reddit stock fell after reporting a miss in user growth, while Robinhood soared after beating profit expectations.
Published on: February 13, 2025, 08:01 AM UTC
Honda and Nissan: Sales, Earnings, Market Caps, Markets, Electrification Targets, Employees
Published on: February 13, 2025, 08:00 AM UTC
Key ECB Policymaker: Inflation Remains in Line, Rate Cuts Likely, If Core Inflation Falls
Published on: February 13, 2025, 07:05 AM UTC
US stocks were mostly lower on Wednesday as investors digested a hotter-than-expected January inflation reading and pared back bets on Federal Reserve interest rate cuts in 2025. The Dow Jones Industrial Average (^DJI) dropped 0.5%, while the benchmark S&P 500 (^GSPC) slipped nearly 0.3%. The tech-heavy Nasdaq Composite (^IXIC) finished just above the flatline.
Published on: February 13, 2025, 07:03 AM UTC
Apple's iPhone SE launch and AI partnership with Alibaba raise questions about market optimism and the platform's future potential.
Published on: February 13, 2025, 07:02 AM UTC
Egg prices have soared to record highs in the US, hitting $4.95 for a dozen large Grade A eggs. The avian flu outbreak has decimated laying hen flocks, driving up prices. Grocers are trying to keep prices low for shoppers, but they may have to resort to strategies like limiting purchases and offering promotions to maintain market share. Despite the surge, Americans still love their eggs, but there's a limit to how much they're willing to pay. Only time will tell if grocer gimmicks will be enough to keep prices from rising further.
Published on: February 13, 2025, 07:01 AM UTC