DOW Financial News

Michael Bloomberg, co-founder of Bloomberg LP, outlined a succession plan for the financial information and news company, saying that his foundation Bloomberg Philanthropies will inherit it and then eventually sell it, the New York Times reported. The former New York City Mayor made the announcement at the Climate Summit hosted by the newspaper on Thursday. Representatives for Michael Bloomberg declined to comment. «I give virtually all of the company's profits to the foundation… but when I die, the foundation inherits the company,» the newspaper reported quoting him. Bloomberg was married to Susan Brown from 1976 to 1993 and has two daughters, Emma and Georgina.

The Dow Jones Industrial Average rose 6.66 points, or 0.02%, at the open to 34,077.08.

Investing.com — The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserve’s hawkish tilt. Microsoft (NASDAQ:MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer.

Investing.com — U.S. stock futures were trading in a tight range during Thursday's evening deals, after major benchmark averages extended declines during the regular session as higher Treasury yields sapped risk appetite.

Investing.com — The Dow slumped Thursday, pressured by rising Treasury yields as investors continued to digest the prospect of a higher-for-longer Federal Reserve interest rate regime following data showing the labor market remains tight.

• Training AI-powered models requires high levels of energy and water consumption, but they can also be used to help offset greenhouse-gas emissions and control water consumption by making systems more efficient • Energy management and water-and-wastewater management aren’t considered financially material for the technology and communications sector, although it contains most AI-focused companies • Among the 10 largest companies in the Wisdom Tree Artificial Intelligence and Innovation Index, Microsoft and Alphabet lead in energy management, while Nvidia, Meta Platforms and Microsoft are among the leaders for water-and-wastewater management, Dow Jones sustainability data shows The increasing development and implementation of artificial intelligence by businesses has both positive and negative sustainability implications for companies, specifically those in the technology and communications sector. Training AI-powered models, such as the one behind ChatGPT, requires significant levels of energy and water consumption, as data centers use large amounts of water for cooling.

Investing.com — U.S. stocks seen lower, while the dollar soars and U.S. bond yields head higher after the Federal Reserve suggested interest rates will stay higher for longer in the wake of its latest policy decision. The Bank of England faces a tricky rate decision, while the Swiss National Bank halted its rate-hiking cycle.

All three major U.S. stock indexes retreated in the wake of announcement, with interest rate sensitive megacap stocks Microsoft Corp, Apple Inc and Nvidia Corp pulling the Nasdaq down most. The Fed's announcement was accompanied by its Summary Economic Projections (SEP) and dot plot, which sees an additional 25 basis point rate hike this year, peaking in the 5.50%-5.75% range. The SEP projections also called for 50 basis points of rate cuts next year. «It's your standard Fed day volatility,» said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska.

Read More)The offer for sale (OFS) in SJVN is set to commence tomorrow for non-retail investors, while retail investors will have the opportunity to bid starting on Friday. The government is planning to divest 4.92% of its equity in SJVN, which includes a Green Shoe option of 2.46%. This divestment will involve the sale of a 4.92% stake in SJVN, with a floor price of ₹69 per share, over the course of a two-day offer for sale, as confirmed by an official source.

Investing.com — The Dow closed lower Wednesday, as surging Treasury yields put the squeeze on big tech after the Federal Reserve left interest rates unchanged, but leaned into higher-for-longer rate regime.    

Investing.com -U.S. stock futures were trading in a tight range during Wednesday's evening deals, following a pullback among major benchmark averages after Federal Reserve officials held rates and projected less rate cuts than expected for next year.

U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it

It has been a rough summer for investors, with markets pushing losses for the last few months. It's not all doom and gloom, with markets more range-bound than permanently damaged.

Federal Reserve convened for its much-anticipated two-day monetary policy meeting. All three indexes ended the session lower in a broad sell-off ahead of the Fed's interest rate announcement on Wednesday, which is expected to culminate in a decision to leave key interest rates unchanged. «It's a big set up coming into tomorrow and markets are clearly focused on any change in communication from the Federal Reserve,» said Bill Northey, senior investment director at U.S. Bank Wealth Management, Helena Montana, who expects «intense focus on the Fed's perspective on inflation in the post-meeting press conference.» «Broad inflation readings have shown marked progress over the last year,» Northey added.

₹1,236.51 crore in Indian equities on Monday as the Indian stock market ended on a muted note,. However, the DIIs continued to be net buyers and infused ₹552.55 in the Indian stock market.The Fed began its latest meeting on interest rates Tuesday, with an announcement scheduled for Wednesday. The overwhelming expectation is for the Fed to announce no change to rates.

Investing.com — U.S. stock futures were trading in a tight range during Tuesday's evening deals, following a negative session among major benchmark averages amid rising yields ahead of the Federal Reserve's key interest rate decision.

Investing.com — The Dow closed lower Tuesday, as Treasury yields rose to their highest level in more than a decade on fresh inflation concerns as investors awaited the Federal Reserve monetary policy update due Wednesday.

Stocks slipped as Wall Street waits for the Federal Reserve’s latest decision on interest rates

Traders have moved swiftly to bet that the European Central Bank’s interest-rate cuts will start earlier than previously thought after it signalled last week that rates may now have hit a peak. Focus is switching quickly to concerns about the eurozone’s fragile economy, though some analysts warn that inflation remains a major risk which markets are turning a blind eye to for now.

Fed policy meeting, stocks are drifting again in the US stock market. The S&P 500 was off 0.2% early Tuesday. The Dow slipped 37 points and the Nasdaq composite was down 0.4%.

Global shares are mixed in cautious trading ahead of the Federal Reserve’s decision on interest rates later in the week