Financial Markets

Stocks on the New York Stock Exchange closed marginally higher on Wednesday after Federal Reserve Chair Jerome Powell confirmed that the Fed is likely to implement interest rate cuts later this year, thereby boosting investor confidence. The benchmark S&P 500 edged 0.1% higher, while the...

The Federal Reserve may be inclined to introduce interest rate cuts in June following the release of February's Personal Consumption Expenditures index. The "core" reading, which excludes volatile food and energy costs, came in at 2.8%, down from the 2.9% reading in January. Core prices...

Stocks on the New York Stock Exchange surged on Wednesday to recover from several days of declines. The S&P 500 surged by 0.8% to close at a new record high of 5,248.50. The Dow Jones Industrial Average skyrocketed by 1.2% while the tech-heavy Nasdaq...

Shares in GameStop plummeted by 16% in extended trading after the company announced its fourth-quarter earnings. Revenue was $1.79 billion, down from last year's $2.23 billion during the same period. Expenses fell by 21.2% to $357.1 million, largely resulting from lower labor costs as...

Stocks on the New York Stock Exchange paused on Monday, taking a breather from their rally last week following news that Boeing CEO Dave Calhoun is set to step down from his role at the end of the year. Shares in the aircraft manufacturer...

Goldman Sachs Group Inc. has decided to stand by its year-end forecast of a 5,200 close for the S&P 500 while also leaving room for tech stocks to drive further growth that could lead to a further 15% rise. The decision to stick to...