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By Jamie McGeever

Investing.com-- The S&P 500 closed above a 5,200 for the first time on Wednesday, as the Federal Reserve kept interest rates unchanged and continued to signal that three rate cuts this year, easing fears that the recent bout of inflation would force the central bank to lean less dovish.  

Conor McGregor has recently conformed his return to mixed martial art during a press meet for his latest movie Road House. McGregor said this week that he's in talks with UFC for a comeback clash against another UFC heavyweight Michael Chandler this summer. In a statement to ESPN, McGregor confirmed that the clash is on and it's 'all systems go'.

It’s getting more complicated to hold cash. Certificates of deposit, money-market funds and various other cash-like investments have offered healthy returns, in many cases over 5%, since the Federal Reserve started lifting interest rates two years ago. But with the central bank now considering cutting rates, some cash-like investments are staying strong while others have begun to decline in yield.

DeVoe & Co., a consulting and investment banking firm focused on the wealth management sector, has appointed a new head of marketing.

The FOMC day is finally here, and all the attention will turn to the Fed’s latest economic projections and Powell’s press conference.

Mumbai's 10% price growth in the past 12 months driven primarily by affluent homebuyers looking for a lifestyle upgrade in the backdrop of a strong economic environment which continues to gain momentum. Mumbai recorded the third highest year-on-year growth in prime residential prices during the quarter, pushing it up the ranking table by five places to 3rd position from its 8th position in December 2022.

Gold prices drifted lower on Wednesday as the U.S. dollar firmed, while traders awaited the U.S. Federal Reserve's monetary policy decision and Fed Chair Jerome Powell's remarks for more clues on prospects of rate cuts. Spot gold dipped 0.2% to $2,152.52 per ounce by 1335 GMT.

Narendra Modi-led government has alleged that the pleas just seek to stir up a political controversy on “bare, unsupported and pernicious statements". In an affidavit filed by Centre in the Supreme Court, the Live Law reported that the Union Ministry of Law has rejected the allegations of the petitioners claiming that Gyanesh Kumar and Sukhbir Singh Sandhu were ‘hastily’ appointed to pre-empt SC orders. "To indicate, as the petitioners suggest, that selection committees without judicial members, would invariably be biased is wholly incorrect," the affidavit read.

Congress attacked the government on Wednesday regarding a report that highlights income and wealth disparities in India spanning a century. Party general secretary for communications, Jairam Ramesh, stated that the report titled «Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj,» authored by renowned economists such as Thomas Piketty raises significant concerns. Ramesh claimed that under Prime Minister Narendra Modi's leadership, the wealth gap in India has surpassed that of the British colonial era, dubbing it "Narendra Modi's Billionaire Raj." «The bottom line is this: Narendra Modi's Billionaire Raj, nurtured by the Prime Minister to favour his friends and fund his party's campaigns, is now more unequal than even the British Raj,» he alleged.

Supreme Court the appointment of two new election commissioners (ECs) under a 2023 law that excludes the Chief Justice of India from the selection committee, saying the independence of the Election Commission does not arise from the presence of a judicial member on the committee. In an affidavit filed in the apex court, the Union Law Ministry rejected the petitioner's claim that the two election commissioners were hastily appointed on March 14 to «pre-empt» the orders of the top court the next day, when the matters challenging the 2023 law were listed for hearing on interim relief. The affidavit has been filed in response to a batch of pleas, including those by Congress leader Jaya Thakur and the Association for Democratic Reforms, challenging the Chief Election Commissioner and other Election Commissioners (Appointment, Conditions of Service and Terms of Office) Act, 2023. «It is submitted that the case of the petitioners is premised on one fundamental fallacy that the independence can only be maintained in any authority when the selection committee is of a particular formulation. It must be noted that the independence of the Election commission, or any other organisation or authority, does not arise from and is not attributable to the presence of a judicial member in the selection committee,» the affidavit said.

petrol pumps for PUCC validity with the Delhi government planning to implement a digital solution for the issue. The Delhi Transport Infrastructure Development Corporation (DTIDC) has floated a tender and invited bidders to suggest digital solutions to check whether the vehicles coming to the petrol pumps have a valid Pollution Under Control Certificate (PUCC). The estimated cost of the project is Rs 6 crore. «The bidder must possess the capability to deliver a digital solution aimed at mitigating pollution within the city of Delhi. This involves implementing an application that integrates with existing cameras situated at petrol pumps,» said an official. Explaining how the system will work, the official said it will be designed to scan the licence plates of the vehicles upon entry to a petrol pump.

Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates

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Investing.com-- Bitcoin sank to a two-week low on Wednesday, deepening losses to as far as $60,000 as investors locked-in profits ahead of a Federal Reserve meeting, while heavy capital outflows from a major exchange-traded fund also weighed. 

smallcap stocks may have yielded weak returns for investors in the last few months, but if one still looks at the one-year return, then the minions remain an outperformer to the largecaps. In the past 12 months, small and midcap stocks have given returns exceeding 50% compared to largecaps.

BSE Sensex hovering near record highs. However, brokerage firms are adopting a cautious stance following this prolonged rally. Phillip Capital, in a recent report, predicted that Nifty's euphoric rally is likely to see a sharp decline.

Knight Frank's latest report, released on March 20. The Prime Global Cities Index, which tracks the movement of prime residential prices across 45 cities worldwide, saw Mumbai leapfrog five places from its 8th position in Q4 2022 to claim the third spot. This remarkable surge highlights the city's growing appeal among high-net-worth individuals and the resilience of its luxury housing segment.

Virat Kohli and Rishabh Pant will be under scrutiny on their return to action as the Indian Premier League begins on Friday, with the T20 World Cup hot on its heels. The 17th edition of the world's richest cricket league is expected to end close to the June 1 start of the World Cup in the West Indies and United States. Organisers have released only the first two weeks of the IPL schedule so far because it clashes with India's six-week-long general election.

Maruti Suzuki India, the country's largest automaker, surged to a historic high, crossing the ₹12,000 per share mark for the first time in today's trading session to set a new record high of ₹12,025 apiece by gaining 3.7%. This surge represents the fourth consecutive day of gains for the stock.

credit reports, such as those generated by CIBIL, there are two types of inquiries: hard inquiries and soft inquiries. These inquiries have different purposes and implications for your credit report and score. For instance, Bangalore-based IT professional 32-year-old Ajay Sharma accessed his credit report in February in run up to his plan to apply for a car loan in March.