The Nifty 50 index posted a gain of 0.83% at the close of trade, pushing the benchmark past the 24,000 level for the first time in the session. The rise reversed an earlier decline where the same index had slipped 1.16% during intraday trading, …
The Iran war has created significant economic uncertainty, with potential long-term effects on the US economy and consumer prices. Paul Krugman, a renowned economist, has highlighted several challenges that may hinder economic relief, including damage to infrastructure and shipping disruptions. The financial sector is …
The Middle East region has been marked by heightened tensions in recent months, with concerns about Iranian aggression and the potential for conflict. The Iran deal has been a major point of contention, with some Gulf allies expressing skepticism about its ability to prevent …
Prospect Capital Corp (NASDAQ: PSEC) preferred shares have drawn attention for their elevated valuation relative to the company’s bonds. The discrepancy suggests investors may be paying a premium for preferred equity without a corresponding yield advantage. Such pricing dynamics are unusual in fixed income …
A fresh survey of American voters reveals a growing consensus that the military engagement with Iran lacks justification. The perception of the war as unwarranted adds a layer of uncertainty to the political environment. Investors are closely tracking this sentiment as it could shape …
The process to select the next president of the Atlanta Fed has been reopened, a decision reflecting central bank leadership’s emphasis on ensuring the role aligns with current economic and policy objectives. The Atlanta Fed’s responsibilities include analyzing economic trends in its district, which …
A federal financial regulator has initiated legal proceedings against Kentucky, contesting the state’s measures targeting prediction markets. This step broadens the regulator’s efforts to clarify its role in overseeing event-based contracts, which it considers within its regulatory scope. Kentucky joins other states where similar …
As of June 24, 2026, the landscape for certificates of deposit (CDs) is marked by competitive rates, with some financial institutions offering returns of up to 4% APY. This comes amid a general trend of declining deposit account rates, making the performance of these …
The Gulf stock markets are experiencing a decline in investor confidence, driven by concerns about a potential Federal Reserve rate hike. This has led to a decrease in investor appetite for risk, with many opting to wait and see how the situation develops. As …
The Federal Reserve’s annual stress test for major U.S. Banks, including JPMorgan Chase and Bank of America will be released June 24, examining capital strength and payout strategies under updated regulatory scrutiny.Key HighlightsThe Federal Reserve will release stress test results for major U.S. Banks …