Fall Financial News

Nasdaq after this week's sharp gains and as investors were nervous ahead of Federal Reserve Chair Jerome Powell's speech Friday. Shares of Nvidia ended barely higher after they hit a record high early in the session. The company late Wednesday gave a much stronger-than-expected forecast amid demand for its artificial intelligence chips and said it would buy back $25 billion in stock. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors dropped 3.4%. Central bankers and other economic leaders gathered Thursday for an annual symposium in Jackson Hole, Wyoming.

Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. Crude prices are set to fall between 2%-3% for the week, a second consecutive week of decline. Oil settled modestly higher in the previous session after Dutch consultancy Insights Global posted data showing gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub declined by 3% in the latest week. Investor caution ahead of remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium lifted the safe-haven dollar to a 10-week high, its biggest rise in a month, as markets waited for word on how long rates would stay high.

Amidst ongoing discussions about the trajectory of Bitcoin's value, the cryptocurrency market is abuzz with speculation. 

By Abhijith Ganapavaram

Stocks that are trading heavily or have substantial price changes Thursday: Petco, Spirit AeroSystems fall; Nvidia, Guess rise

Joe Biden and Donald Trump are the most likely nominees for the 2024 presidential election, but you won't see many new books about either this fall

Stocks that traded heavily or had substantial price changes Wednesday: Urban Outfitters, Apellis rise; Foot Locker, Peloton Interactive fall

By Safiyah Riddle

Investing.com — Oil prices fell Thursday after the latest U.S. labor market data suggested conditions remained tight, opening the possibility for further interest rate increases by the Federal Reserve with the Jackson Hole symposium in focus.

Investing.com — U.S. futures traded in a mixed fashion Thursday, with the tech sector dominating after Nvidia’s strong quarterly numbers.

The price of Ethereum (ETH) has risen by 1.4% in the past 24 hours, reaching $1,669 after millionaire trader KBM predicted that the altcoin is set to fall to around $1,400.

If you own mutual fund units, you can take a loan against them instead of going for a personal loan. While one should go for any kind of loan only when it can’t be avoided, borrowing against mutual fund units would make more sense in case of any urgency because of lower interest rates compared to personal loans.

Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases

Stocks that traded heavily or had substantial price changes Wednesday: Urban Outfitters, Apellis rise; Foot Locker, Peloton Interactive fall

Carlos Ghosn, the former rock star businessman who fell from grace and fled authorities smuggled in a music instrument box, is getting what his dramatic story deserves — a multi-part Apple TV+ documentary series

Mumbai: Vegetable prices have started softening and will see an appreciable slowdown from September, according to Reserve bank of India governor Shaktikanta Das. Delivering the key note address at the Lalit Doshi Memorial Lecture, Das said that the outlook for cereal prices has brightened, thanks to supply side interventions. Das also said that even though core inflation remains high, the steady easing seen in the last few months indicates that monetary policy transmission is happening.

By Safiyah Riddle

COVID-19 vaccine booster this fall, the province’s Health Ministry said Wednesday.The latest advice comes on the heels of a recommendation from both Quebec’s immunization committee and Dr. Luc Boileau, the director of public health.Who is considered vulnerable or at risk for the disease? The Health Ministry says this includes older adults, individuals in private residences or long-term care homes, people who are chronically ill and immunocompromised, pregnant people and health-care workers.

Investing.com — U.S. futures traded higher Wednesday, as investors digested more corporate earnings, particularly from the retail sector, ahead of the release of numbers from chip designer Nvidia (NASDAQ:NVDA).

Stocks that traded heavily or had substantial price changes Monday: Palo Alto, Earthstone Energy rise; Napco Security, Nikola fall

Stocks that traded heavily or had substantial price changes Tuesday: Lowe’s, Fabrinet rise; Macy’s, Canadian Solar fall