Wall Street indexes closed lower Friday as investors reacted to President Trump’s nomination of Kevin Warsh to lead the Federal Reserve, viewing it as a hawkish choice. Concerns over inflation, potential government shutdown, and mixed earnings reports also weighed on the market. The Dow, S&P 500, and Nasdaq all saw declines.
The rupee at record low will end India’s cheap-money era
Elevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hikes. Despite a
May 1, 2026