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Shares of US Banking and Financial Services companies have slid in pre-market trading on Monday, January 12, in response to US President Donald Trump calling for a one-year cap on credit card interest rate at 10%. Citi Group, Bank of America, JPMorgan, all part of the Dow Jones Industrial Average Index, fell between 2.5% to…

US stock futures added to losses early on Monday amid concerns over Federal Reserve independence after Chair Jerome Powell said the Trump administration has threatened him with a criminal indictment. Dow Jones Industrial Average futures (YM=F) fell 0.6%, while those on the S&P 500 (ES=F) sank roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F)…

U.S Stock Market is set for muted opening today as futures for key Wall Street indexes were on red. S&P 500 declined 0.74 per cent and that for the Dow Jones Industrial Average fell 0.65 per cent. The future for the Nasdaq composite index slipped 1.05 per cent. U.S. futures sank on Monday after Federal…

Mutual funds offer diversification and professional management for small investments. Returns from mutual funds are not guaranteed and depend on market performance Mutual funds outperform fixed deposits in beating inflation over time. Did our AI summary help? Mutual funds have emerged as one of the most popular investment options for individuals looking to build long-term…

Sensex Today | Stock Market LIVE Updates: The Indian markets have marked a dramatic recovery after US Ambassador Sergio Gor’s comments. The Nifty index has recovered over 200 points from lows to turn green. Sensex Today | Stock Market LIVE Updates: After a forgettable start, the Indian markets are back in green. As the Nifty index…

US stock futures sank early on Monday after Federal Reserve Chair Jerome Powell said the Trump administration has threatened him with a criminal indictment, reigniting concerns over the central bank’s independence. Dow Jones Industrial Average futures (YM=F) fell 0.5%, while those on the S&P 500 (ES=F) moved down 0.5%. Contracts on the tech-heavy Nasdaq 100…

The US Attorney’s Office for the District of Columbia has launched a criminal investigation into Federal Reserve Chair Jerome Powell, probing doubts surrounding his congressional testimony on the renovation of the system’s Washington, DC, headquarters.  The inquiry will focus on the accuracy of Powell’s congressional testimony when he was characterizing the size and price of…

Powell’s statement amounts to a dramatic escalation in the fight between him and Donald Trump that dates to Powell’s first years as chair in 2018. The Trump administration has threatened to indict Federal Reserve Chair Jerome Powell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a “pretext”…

The US president has criticized Fed Chair Jerome Powell for cost overruns for renovation of the Fed’s Washington headquarters (ANDREW CABALLERO-REYNOLDS) Federal Reserve Chairman Jerome Powell said Sunday that US prosecutors have opened a probe into his comments to lawmakers and threatened an indictment, a move he said is part of President Donald Trump’s pressure…

USDJPY – Daily Chart – 120126 – Takaichi EffectDOJ Criminal Investigation into the Fed Hits Risk Appetite Fed Chair Powell announced the US Department of Justice opened a criminal investigation into the Fed on Sunday, January 11, weighing on US stock futures. In a video message, Fed Chair Powell stated: “This unprecedented action should be…