The S&P and Dow dipped the most in a day since September 28.
The much-awaited trial of Raj Rajaratnam, founder of erstwhile Galleon Group, who has been indicted by Federal authorities in the biggest insider trading case on the Wall Street, began on Tuesday in Manhattan Federal Court.
Wall Street-correlated stock markets are facing the risk of correction, as Christopher Wood, the global head of equity strategy at Jefferies, conveys to investors in his latest edition of GREED & fear. Rising crude oil prices, which are nearing $100 a barrel (Brent), pose a threat to the global central bank's battle against inflation and have led to a re-evaluation of its exposure to Indian stocks. "The potential for more US Federal Reserve (Fed) rate hikes, combined with the risk that monetary tightening finally bites as regards the economy, remains a risk for Wall Street-correlated world stock markets. "There is also the oil factor. This is why GREED & fear continues to believe the pain trade is down. "Areas in Asia, such as Indian midcaps, which have already done very well, are at obvious risk of some profit-taking," writes Wood.
US President Barack Obama has claimed victory as the Senate voted to end debate on a massive Wall Street overhaul package, which is said to be the most sweeping reform of the country's financial regulatory system since the Great Depression.
On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.
The new circuit breaker rules have been proposed by the Securities and Exchange Commission, National Securities Exchanges and the Financial Industry Regulatory Authority.
We are not worried about what happened today. We are worried what will happen tomorrow, says a senior BofA official recounting the blackest day in US markets history.
The Wall Street crash brought down markets across the globe, with Hong Kong stocks falling almost 2 percent on Friday, on investors' fear that the bad US credit situation could blow into a full scale financial crisis.
Indian stocks have maintained their allure and are expected to be more profitable than other stock markets in the region, according to a media report.
Venezuela's Interim President Delcy Rodriguez is in New Delhi on her sixth visit to India.
Anurag Kashyap organised a special screening of the Hollywood film for his filmi buddies.
As the agitation, which claims to speak for 99 per cent Americans, spreads to many cities across the United States of America it is evoking a range of responses here -- from admiration to scorn.
In the lawsuit filed in federal district court in Manhattan, five of the protesters said police officers had led people onto the bridge's roadway and then prevented them from leaving the bridge on Saturday.
New York City's unemployment rate rose to 9.7 per cent from 9.6 per cent in February.
Martin Scorsese's The Wolf Of Wall Street could set a bad precedent, feels Aseem Chhabra.
Should we trust the folks who brought us Lehman and AIG with a privatized Social Security system? Should we trust them with our 401(k)s?
Iran has submitted a fresh proposal to regional intermediaries offering to cease its military operations in the Strait of Hormuz, contingent upon a complete cessation of hostilities and the removal of the US blockade on Iranian maritime hubs.
Indian benchmark indices, Sensex and Nifty, rebounded in early trade after two days of decline, driven by positive global market trends and strong buying in auto stocks. This recovery follows a robust performance in US markets and a rally in Asian markets, particularly Japan's Nikkei, fueled by AI-driven technology optimism. Track Sensex, Nifty on July 1.
The systems have been taken offline to prevent the spread of attacks, but Journal officials have not found any damage to the graphics, the newspaper said citing people at the Wall Street Journal familiar with the matter.
UBS Wealth Management Americas, Bank of America's Merrill Lynch and Morgan Stanley all employ several retired Olympic athletes.
Iran has lodged a formal complaint with the United Nations, accusing the US of engaging in 'piracy' following the seizure of Iranian vessels. The complaint was detailed in a letter sent by Iran's UN envoy to the UN Secretary-General and the Security Council.
As the Wall Street companies have begun generating profits and dolling out hefty bonuses to its executives, US President Barack Obama said that America now wants its money back which was spent to rescue these firms from economic crisis.
Wall Street research analysts have suffered rounds of layoffs, big pay cuts, and accusations that they routinely lied to the investing public. Now there's a new worry -- that their jobs are being shipped overseas.
Seven people, including two children, died and seven others were injured when a compound wall of Bowring and Lady Curzon Hospital in Bengaluru collapsed due to heavy rains. Karnataka's Chief Minister has ordered an inquiry into the incident and announced compensation for the victims' families.
Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
A criminal case was filed against Gupta by the United States Attorney's Office on October 26, 2011 for insider trading.
There are roughly 2,000 ships stranded in the Persian Gulf, carrying more than 20,000 seafarers, according to the International Maritime Organisation, as quoted by The Wall Street Journal.
Former US President Donald Trump has issued a stern warning to Iran, stating that "nothing will get through" unless a deal or "total surrender" is achieved, amid escalating tensions and conflicting reports on direct negotiations.
We raid restaurants for cockroaches but never raid the roadside. Public hygiene runs entirely on faith and fumes. Even after so many years of being a free nation, points out Binu Alex.
US President Donald Trump has abruptly withdrawn from a peace deal with Iran, citing fresh intelligence of Iranian assaults on commercial vessels in the Strait of Hormuz. The decision, made just a fortnight after celebrating the deal, has led to a significant military escalation in the region, with the US launching extensive counter-operations against Iranian military infrastructure.
According to an analysis by The Wall Street Journal, employees at 38 top financial companies in the country can expect to 'earn nearly 18 per cent more than they did in 2008 and slightly more than in the record year of 2007.'
The protests that began on September 17 by a small group of people in Manhattan have snowballed into a movement against the financial institutions, income inequality and corporate bailouts with thousands taking to the streets and courting arrests.
After one of the most disastrous weeks in the history of Wall Street, Warren Buffett decided to invest $5 billion there.
Rupert Murdoch's international financial daily The Wall Street Journal, published by Dow Jones & Company, is all set to launch its facsimile edition in India next month. The newspaper, to be launched in Mumbai, is likely to be priced at Rs 30 a copy.
Indian benchmark equity indices, Sensex and Nifty, saw gains in early trade, driven by strong performance in banking shares and positive sentiment from Asian markets, alongside optimism surrounding the ongoing US-China Summit.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
The US has seized an oil tanker, 'Skywave', linked to Iran in the Indian Ocean, as part of efforts to disrupt Iran's oil shipments and enforce sanctions. The vessel was part of a network transporting sanctioned Iranian crude oil, with the seizure occurring amid heightened tensions between Washington and Tehran.
The Wolf of Wall Street has its moments but it is director Martin Scorsese's weakest attempt at film-making, says Aseem Chhabra.
