Hugh Johnson discusses Trump’s inability to fire Fed Chair Powell, emphasizing Powell’s successful handling of the economy and inflation. Johnson anticipates tariff-related inflation impacting markets, potentially delaying Federal Reserve interest rate cuts. Despite near-term challenges, he remains optimistic about future stock market performance, urging patience.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent