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Thursday, May 2, 2024
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Economy

S&P 500 near 5,000; Treasury yields rise after auction

By Chris Prentice and Caroline Valetkevitch NEW YORK (Reuters) -Wall Street's major indexes rose on Thursday with the S&P hovering near the 5,000-point milestone as investors reacted to earnings

S&P 500 near 5,000; Treasury yields rise after auction

By Chris Prentice and Caroline Valetkevitch NEW YORK (Reuters) -Wall Street's major indexes put in a mixed performance on Thursday with the S&P hovering near the 5,000-point mark as the U.S. dollar

Oil up 3% on Gaza ceasefire rejection and US fuel stocks data

By Nicole Jao LONDON (Reuters) -Oil prices gained more than 3% on Thursday on concerns of a broadening conflict in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures

S&P 500 near 5,000; Treasury yields rise after auction

By Chris Prentice and Caroline Valetkevitch NEW YORK (Reuters) -Wall Street's major indexes put in a mixed performance on Thursday with the S&P hovering near the 5,000-point mark as the U.S. dollar

Dollar gains as jobless claims affirm resilient US labor market

By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar rose on Thursday after data on unemployment benefits again pointed to a resilient U.S. labor market, reinforcing the Federal

Gold inches lower on firm dollar, yields; palladium extends fall

By Anushree Ashish Mukherjee (Reuters) - Gold prices edged lower on Thursday, hurt by a stronger dollar and elevated bond yields as hopes for an early interest rate cut from the U.S. Federal Reserve

Oil up 2% on Gaza ceasefire rejection and US fuel stocks data

By Nicole Jao LONDON (Reuters) -Oil prices gained over 2% on Thursday on concerns of a broadening conflict in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures rose

India’s Grasim posts smaller-than-feared Q3 profit fall as viscose business recovers

BENGALURU (Reuters) - Aditya Birla Group-owned Grasim Industries reported a smaller-than-expected fall in third-quarter profit on Thursday, as strong viscose business outweighed decline in its

Stocks little changed; dollar up after jobless claims

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were little changed on Thursday with the S&P 500 holding just shy of the 5,000 level, while the U.S. dollar inched higher after U.S.

Foxconn invites bids to construct Rs 1,200-crore plant in Karnataka

New Delhi, Feb 8 (PTI) Taiwanese electronics manufacturer Foxconn has invited bids to construct a plant in Karnataka with an outlay of Rs...

On Camera

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

Complex network of India’s existing air defence capabilities & the way forward

Provocations among Israel & Iran have prompted discussion on the need for India to broaden its air defence apparatus, given tensions with adversarial neighbours.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.