Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New Fed Chairman Kevin Warsh’s revised statement removed forward guidance, impacting market expectations. Meanwhile, other central banks like the BOE and BOJ are also navigating inflation concerns.
Gold falls 1% after Fed holds rates steady, signals rate hike this year
Gold prices fell significantly on Wednesday. The U.S. Federal Reserve kept interest rates unchanged but indicated a possible increase later this year. This move strengthened the U.S. dollar, making gold more expensive for international buyers. Markets now anticipate a higher chance of a rate hike in December. Other precious metals like silver, platinum, and palladium […]
US stocks: Nasdaq, S&P fall over 1% as Fed holds rates; traders raise hike bets
US stocks tumbled Wednesday as traders anticipated a Federal Reserve rate hike, with policymakers projecting rising interest rates later this year. New Fed Chair Kevin Warsh emphasized taming inflation, shifting sentiment from expected rate cuts. This hawkish tilt led to significant market declines across major indices.
US Stock Market: ETF issuers rush to capitalise on AI-focused ‘MANGOS’ theme after SpaceX IPO
Two asset managers are seeking regulatory approval for new ETFs tied to the “MANGOS” acronym, a basket of leading AI-focused companies including Meta, Nvidia, Google, SpaceX, Anthropic, and OpenAI. This move follows SpaceX’s record IPO, fueling investor enthusiasm for AI-linked stocks and creating a potential successor to the Magnificent Seven trade.
Sebi warns of no regulatory recourse for investors trading in unlisted securities
Sebi has cautioned investors against trading unlisted securities through unauthorized websites and electronic platforms. The regulator said such platforms operate outside its oversight, leaving investors without regulatory safeguards, grievance redressal mechanisms or access to investor protection benefits.
InCred Money gets Sebi nod for MF licence, plans launch in 6-9 months
InCred Money has secured Sebi’s in-principle approval for a mutual fund licence, marking a key step toward launching its asset management business. The company plans to build a digital-first AMC and expects to go live after completing regulatory and operational requirements.
HDFC MF, ADIA among buyers as Sepia offloads Rs 749 cr in Corona Remedies
Sepia Investments and Anchor Partners sold shares worth about Rs 777 crore in Corona Remedies through block deals. HDFC Mutual Fund emerged as the largest buyer, while several institutional investors, including Aberdeen entities, ADIA, Invesco and WhiteOak, also accumulated stakes.
BRND.ME converts into public company, eyes IPO in 12-18 months
BRND.ME, formerly Mensa Brands, has converted into a public company after shifting its corporate base to India. The consumer brands platform is preparing for a potential IPO within 12-18 months, backed by stronger governance, profitability and a streamlined corporate structure.
Raghuram Rajan’s warning after Hormuz shock: Build bigger oil reserves
Global economic shocks from trade disruptions and geopolitical tensions are reshaping resilience, according to Raghuram Rajan. He stresses India’s need for larger strategic oil reserves and diversified import/export markets. Rajan also highlights the rupee’s depreciation linked to low foreign investment and urges a long-term view on critical commodity exposure, advocating for domestic production and strategic […]
Buying US stocks via Gift City to get easier as Zerodha, others get nod
Buying US stocks could soon become easier for Indian retail investors after Zerodha, Groww, Angel One and Upstox secured regulatory approvals from GIFT City’s IFSCA. The licences will enable the brokerages to facilitate overseas investing, tapping into growing demand for global equities under the RBI’s Liberalised Remittance Scheme.